« Shorting in an uptrend market ? $220 profits | Main | Moving averages flat, candlesticks short -> NO TRADE »

No trade today... Market in corrective phase again..

5 min Emin Nasdaq Emini 100

Hi,

How is it going on lately? The market is quiet again.. The number one factor that I dislike is here again..--> Moving averages are almost flat.. You need at least some kind of slope to trade... whether up or down.. it dosen't matter..

If its up,, high chance we will go long,, if its down, high chance we will go short... Next, look at the stochastics and short-term MACD is this something you will expect in a good trading market? zig-zag patterns with no clear symmetry, close to the zero line.. etc.. Is this good for your trading? Obviously no.. STAY SMART AND STAY OUT.

Posted by Michael Taylor on August 12, 2008 5:45 PM |

TrackBack

TrackBack URL for this entry:
http://www.daytradeemini.com/cgi-bin/blog/mt-tb.cgi/436

Post a comment

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)