Tuesday, April 20, 2010

The Miracle Continues

Well I got out the short trade from last week on Sunday night and got reversed into a more sane Long position which is with the trend.  It is clear on the chart where the reverse occurred.  The second chart is a little closer look at the hourly and I am flat looking to short this failure should it pan out. Having said that the ES is still in an up trend, and here I go violating the rules I have about not trading against the trend.  Oh well I am only looking for a few points on the drop and another opportunity to re-enter long.  Hey, I'm trying to milk this for everything I can and getting out on the pull backs to re enter can add to the bottom line.

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