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Strategies & Market Trends : TA setups-ex th traders -- Ignore unavailable to you. Want to Upgrade?

To: Dave Shares who wrote (2853)	8/4/2004 9:43:46 AM
From: hahsg	Respond to of 7682

Thank you, Dave. Are you still trading the Emini?

To: Dave Shares who wrote (2853)	8/4/2004 10:30:46 AM
From: Ron	Respond to of 7682

Good comments. I especially agree with the "don't anticipate" comment. I have finally learned to trade what I see happening, not what I think might happen. That, and stop loss discipline were trading breakthroughs for me a few years ago.

To: Dave Shares who wrote (2853)	8/4/2004 10:41:35 AM
From: cthruu	Respond to of 7682

Well said, Dave and thanks for the input. We are on the same page. I tried P&F charting for a while a few years ago. It is an excellent charting method but I found that bar or candlestick charting was easier for me to understand. I could not agree with you more - short the failed rally and buy the successful pullback. Keep it simple. ANF did not announce the earnings today, I see in Briefing that the earning date is now Aug 10th. The chart, however, is playing out the way it should and this is an example of a failed rally. It has to close below its 50 DMA, which it is trying to hold today. Tooearly was true to his name, picking ANF short a few sessions ago :) On the other hand, Broker/dealers are trying to hold the higher low and the indicators are showing some positive divergences. If they hold this week's low and move up, that is an example of trend reversal from down to up. Examples of this are MWD, GS, LEH and XBD. This is the stuff for trading. I have called some tops and bottoms, but only when the indicators are in place and a countertrend move has started. KISS...