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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: bozwood who wrote (41980)12/8/2000 12:54:28 PM
From: SE   of 44573
 
My main thinking was I expected it to be up today. I expected 80ish to hold, and if 78 was broken, then I expected to see about 70ish. I entered based on the five min chart with an 8, 34, 55, 200 moving averages...appeared to be support. I also glanced at a standard STO which was very low. Seemed to be a fairly safe long entry at that point. Also seemed to be holding the 50ema1 at the time.

Entered at market, had a hard four point stop on the trade.
At this point I expect it to be up for the remainder of the day, but the election news could gum that up of course.

Oh, and by the way...welcome aboard.

EDIT - I also glanced at the TRIN which seemed to be turning bullish and the TICK which looked fine. I like a 50dma1 on the tick chart.
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