Thursday, November 19, 2009

Bigger timeframes longs, smaller shorts...

We see a falling knife afther losing the 5 ma daily.
Target is the 20 ma weekly or the 5 ma monthly.

Wednesday, November 18, 2009

Both longs and shorts were ok.


As I taught, there were longopportunitys on the 5 ma daily but the 5 ma 60' was resistance and shorts were ok there...possibilitys enough!!!

Trailing a position is an art....


As a daytrader, I keep an eye on the relatonship between the 5 ma 60' and the 5 ma daily...

Wednesday, November 11, 2009

Friday, November 6, 2009

The 50 ma monthly was resistance indeed ...


Again a good example that the bigger timeframes the smaller overrulles...the daily lost against the monthly and the 60' lost against the daily...