Saturday, February 13, 2010

20 ma daily important when the market gets there.



The 5 ma daily was support on friday and the bulls were in favor.

We see a declining 20 ma daily. Technical is this situation a bearish signal. Wait for signals in the smaller frames to go short if you are a defencive trader.

Wednesday, February 10, 2010

The relation between es, ym en nq is important.


Always look for convergence or divergence between es, nq and ym. When there is divergence , always be carefull to take action.

Sunday, February 7, 2010

If the monthly wins, the market goes up again.


5 ma and 20 ma daily are bearish but 5 ma and 20 ma monthly are bullish. Trade what you see in your choosen timeframe. It's all about training every day.

Friday, February 5, 2010

Wednesday, February 3, 2010

Bulls were strong but....


The bulls were in favor on monday and tuesday but we saw a rising 3' and 5' timeframe in a bearish scenario in the daily frame because the 5 ma daily is below the 20 ma daily. The 5 ma monthly is still in play.