anyone trying shorts??


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  • BruceM
  • 9-Apr-2009 at 1:34 PM
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Up here at 845 ES....S&P is holding back this rally today...where the HECK is my plus or (hopefully) minus 8 - 10 range? has everyone gone to 24 hour trading???
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  • BruceM
  • 17-Apr-2009 at 3:59 PM
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could you give a brief explaination when you have a chance red....I see a bar that closes on it's high with good range followed by an inside bar...good volume too!
quote:
Originally posted by redsixspeed

in candle theory that high volume 5min. bar @ 3:40edt
is distribution
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  • BruceM
  • 17-Apr-2009 at 4:00 PM
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nice hold joe...we just touched the VWAP...FWIW..
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  • CharterJoe
  • 17-Apr-2009 at 4:01 PM
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I covered +4.5, got some strong over sold readings

(edit 5 too 4.5)
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  • BruceM
  • 17-Apr-2009 at 4:01 PM
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interesting how the ask volume surged on that VWAP hit...don't mind me..I just use this place as a journal sometimes
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  • BruceM
  • 17-Apr-2009 at 4:02 PM
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and the single prints....very cool....u get the trade of the day award joe.....a real beauty!!! was that based on your RSI work??
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  • BruceM
  • 17-Apr-2009 at 4:05 PM
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30 minute has some interesting bars...two outside bars and the highs....hope u guys enjoy the weekend....always a pleasure!!
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  • koolblue
  • 17-Apr-2009 at 4:10 PM
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  • redsixspeed
  • 17-Apr-2009 at 4:12 PM
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At a high price area big volume and little price
movement = distribution and should be viewed as
topping
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  • redsixspeed
  • 17-Apr-2009 at 4:14 PM
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one thing that helped this pattern is it closed below the so9
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  • CharterJoe
  • 17-Apr-2009 at 4:19 PM
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quote:
Originally posted by BruceM

was that based on your RSI work??



Yes, every single trade I make is based on 30min RSI, thats why I wanted to devote a thread to it cause' its just not for long term trades. I watch every tick the RSI makes, watch it bounce off old lows/tops, follows a trend line like a dream, "W" and "V" tops and bottoms it works really well.
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  • blue
  • 31-Jul-2009 at 6:15 PM
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Just about perfect - perfectly wrong that is!


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