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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: Lazarus who wrote (46634)2/22/2013 6:07:44 AM
From: GROUND ZERO™  Respond to of 218591
 
Heck, I do that all the time, but don't kick too hard, it only leaves marks and bruises, I know from experience, I've done that so many times myself... according to my model, the trend has turned lower, so this could just be a quick bounce... honestly, it's anyone's guess with this market...

Also, I don't know if the dollar really is going to roll over or not, I think the dollar probably has lots more upside to go, it's just overbought right now, I think the dollar will do very well this year, but I have no real idea, I'm just looking at the daily and weekly dollar charts and they look solid to me, I plan to reinstate my long dollar positions after a pull back in that market...

GZ



To: Lazarus who wrote (46634)2/22/2013 6:38:00 AM
From: GROUND ZERO™  Read Replies (1) | Respond to of 218591
 
I've kicked myself so many times over the years that I've developed a habit of assessing and reassessing these markets every afternoon and especially within the final 30 minutes to determine whether or not the risk/reward is worth holding those positions overnight... it's just a habit that took a long time to develop, but it allows me to sleep at night and not worry about any possible surprises the next morning... every day is a new day and every day offers another opportunity to re-enter the same position if I want to... I may miss some of the move, but so what...

GZ