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Are you looking for a place to trade during the day and get some great trading ideas from some of the best traders? Then join our free trading room!!
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Longer Term indicators are throwing up RED Flags!!
Post: 01/16/12 by Gary Dean 6:15
I have said over and over again, control your emotions and you will be a much better trader. On one of my intermediate to long term indicators, I have a major warning signal in place for a downside move.
The problem with trading only off of this intermediate indicator, is it could take a while to actually play out. That is why I trade the squiggles off of our shorter term indicators, take some profits on a portion of the position and wait to reload at better levels.
We will know when the TURN down is alive and kicking as I explained in our members report:
"The longer term timing systems trump
the short term timing systems. So one of these days, the shorter term timing
systems will be looking for a bounce which doesn't come. I do NOT want to be
caught holding anything on the long side when that
happens."
As of now, the indexes have been following the short term buy signals from our indicators and that is the piece of the puzzle I am waiting to see break before I will let the short side trades "just run".
We locked in some nice profits from 1/4 of the short side trades we had open and are now running with only 1/2 a position short. If they decide to rally the indexes on Tuesday "short term indicators are looking for that" we will simply start re-shorting at the next pivot level.
The goal is to have a large short position once this breaks down. If we end up closing a portion of our short position and the indexes don't follow the signal and head down, we will know to simple let the other 1/2 of the trade run for much larger profits. If they do follow-we short at better prices after already taking some profits. That is how you control your emotions and become a better trader.
The chart below is the intermediate term indicator I was referring too. If you would like to trade the squiggles off of our short term timing charts and remove all emotions from your trading and make consistent profits like we do (no losing trades since July 2011) then take advantage of my developers not being in town and sign up for the $99.00 2 month special.
When he gets back, it will be removed!! By thinking about whether or not to join last week-this is a trade you missed to new members not holding a position. Short IWM at or above 76.80 late Thursday. They were then informed to close that trade on Friday at 75.70 with a best exit of 75.60. The low was 75.58. That is over a 1.5% gain in less than 45 minute of trading-or 4.5% if trading TZA.
The intermediate term chart is blow.
If you would like to read the full report and see our timing systems in action, sign up for our $99 2 month special. It is ending when my developer gets back!!
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This offer is ending very soon!! $99.00 2 month special last night. We are almost filled and I will be removing it once filled!! We have started 2012 off the same way we left 2011-WITHOUT A LOSING TRADE!!! Sign up now before all the seats are filled!!
Sign up here
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