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- wp3vv replied Dec 16, 2010
That's the news but I didn't take it. I don't trade the news. I am going to wait for a pullback.
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- wp3vv replied Dec 16, 2010
Yep. We had building permits not long ago.
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- wp3vv replied Dec 16, 2010
Definitely now the market is up for grabs.
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- wp3vv replied Dec 16, 2010
I know. I'll take the risk anyway, we don't know for sure if that happens. Probably the market is going to be sideways until 10:00 AM - Philly index.
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- wp3vv replied Dec 16, 2010
Possible short at 1.3222 if the market pass the spike up formed back 35 minutes ago at 1.3225.
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- wp3vv replied Dec 16, 2010
This is my view now. 1) Swing is down. 2) indicators are down. 3) MACD is below the 0 line BUT is choppy. Although I feel short, MACD is keeping me on the sidelines.
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- wp3vv replied Dec 16, 2010
I was trading E/U. Wow that was a nice ride. I guess I need more windows open.
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- wp3vv replied Dec 16, 2010
hahaha thanks for pointing that out. Now definitely looks better. Still no trade for me. MACD is at the 0 line. Everything looks quiet.
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- wp3vv replied Dec 16, 2010
No. I was using 12-31-1. LOL! Ok got it right now.
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- wp3vv replied Dec 16, 2010
a pullback from 1.3232 would be nice. Breaking off 1.3230 area would be an entry. Indicators are definitely down.
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- wp3vv replied Dec 16, 2010
There's support at 1.3232 and MACD/SLOPE are pointing down. If market breaks support that would be a chance to go short. There's some building permit stuff at 8:30 so I don't know if I should wait for that or simply take the trade. it's 7:45 AM EST ...
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- wp3vv replied Dec 16, 2010
In my opinion, is important to look what price is doing. Indicator as just guidelines. If price won't cooperate, they're useless. This is where I put discretion on a trade. Indicators are giving signals out but price has to deliver.
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- wp3vv replied Dec 16, 2010
I don't count pips. I look at $$$. All I can say is that since I started I am in profit.
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- wp3vv replied Dec 16, 2010
I got out +2 This market is going nowhere. I'll keep watching.
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- wp3vv replied Dec 16, 2010
market is choppy but indicators are pointing up so I am holding.
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- wp3vv replied Dec 16, 2010
Closing my short trade with a small loss. Now long @3226.
Ride The Slope Scalping Method