DislikedThanks again.
I guess I need to have more failth in the longer term trends and not be swayed by the 4-hr chart. I think I was remembering reading a comment of Jacko's somewhere that the significance of the 4-hr chart is that it's the first trend chart to warn of a change of direction - I'm just not sure what to look for.
I'll stick with the short view.
Thanks again
JellybeanIgnored
i saw 2800ish as a perfect place to look for a new short (50rt of 3093-2513)...it blasted through that pretty nicely and seemed to want to fill this past weekend's gap...after it settled, i decided to go short...
a solid move past 3100 would have me throw a yellow caution out on a possible trend change and i'd probably look to catch some longs on a 50rt and employ jacko's strategy of trade management if she leaves 3350 behind nicely...
right now, though, i'm short at 2844 w/ a 100 pip ts...
that's what i'm thinkin', please use your own due dilligence and good luck...