This blog is geared towards improving my trading knowledge and recording my trades. I am not licensed to give financial advice. Trade at your own risk. It is your fault for losing in this money game.
Tuesday, January 24, 2012
I read an article that said the market has been going down because of Europe's debt problems. So i check the chart for SP500 to see how bad. Im expecting to see a big down bar and potentially a stop out since i "entered" a long trade about a week ago. From what i see on the chart, i wouldnt even consider price to have "gone down". The chart looks great and i would describe it as - price has steadily risen since i went long. Financial news is terrible. You would have to be emotional and gullible to believe any of it. Keep going up S and P.
Thursday, January 12, 2012
Saturday, January 7, 2012
Hourly chart has been wacky so i would still avoid any trades for it. Daily chart of sp500 futures is finally getting close to 1300. Price is in a strong uptrend at a steady angle, so it could last for a while. I would probably go long if it closed above 1290, which is a weekly high. There is very little resistance above 1290.
Subscribe to:
Posts (Atom)