sfsamperi.blogspot.com

You have to survive

You have to survive
Every day is a battle, survival is rule #1

Monday, April 11, 2011

4.4% loss with DIG. It is an oil and gas etf, so it represents an industry within the american market. i dont like the stock market right now. i think the market pulled this etf down. there is no major resistance on DIG's chart but the market does have some. if im avoiding the american market, then i should also avoid the industries within it. Meanwhile my international etf's are behaving differently.

I think the really good trends i was looking for are in the hourly chart. I would get into the same moves but with more precise entries and exits using the hourly chart. The questionable daily trends that i was seeing were actually great hourly trends that i could have been trading profitable with.


EWK is in a nice trend for an hourly move, i will try to enter it. I missed an hourly move in EWI and i would be getting out of the GUR move right about now if i had entered it and considered it an hourly move.

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