Focus your mind, manage emotions, go with the flow.
Monday, December 01, 2008
Momentum signals
The following four posts detail a momo signal trade for me. Start at the 4th post and work your way back to this post to see the real time progression.
Take the $3.50 run in SKF and trade it short now.
S&P and QQQQ show the market weakness momo is slowing.This is my indication to play the probability of shorting SKF.
I will endeavor to post charts showing my daily trading activities in as real time as possible. However when there are fast market conditions there will be several minutes delay while I sort out my positions, then get around to posting the changes here. I trade off 5 minute charts in conjunction with 15 min. charts and pay close attention to 5 min. charts of the S&P 500 and QQQQ.
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