Dislikedi entered several buy orders from 1.6521 hoping that PA direction was north and then after PA descended south for a long time i got discouraged and entered a lot size that would hedge my previous longs..then suddenly the market began to go north...it felt like the PA was anticipating my moves damn!!..please someone has got to help me b4 this account disappears lol.Ignored
last 2 days lower highs and lower lows . so we are in retracement mode.
Not sure how deep the retracement is going to go. could go to bottom of range 1.6200. If it does and you see a reason to go long then I would get rid of the sell order you have . add a long position off 1.6200 ONLY if you have a reason to that ties in with your trading system
The biggest issue you have is those longs ...... you need to get rid of those ASAP if the market rallies up into that level. I believe that a large decline in the GU is looming. ....
You have to wonder why the gu has not reached year highs when the dj has .I would suggest this shows major weakness in the GU , coupled with the high volume doji we had this week.
Blogging daily now at www.volume.zone