What i see in the RUT is a potential resistance.
Alltough it could be that price is advancing to the upper CL (green), my
opinion (which i should not have) is that we see the end of this up move.
The blue Fork's CL got broken up, then broken down again and now we
are in the test/retest mode of it, actually exactly at the blue CL again.
Price fluctuate. And therefore i dont believe in a immediate down spike,
rahter eating up time, going little sideways and the down like hell...probably...
So, you see i am short biased.
But i allways do my best to trade what i see, planning the trade and
trade the plan. This way i can sepparate "bias/opinion" and my action
most of the time, by giving my ego room to be right on paper, and trade
what is really there on the chart.
Looking back at the stats it shows, that my ego paper trading can only be
used for one thing...to foment the chimney ;-)
P!
Alltough it could be that price is advancing to the upper CL (green), my
opinion (which i should not have) is that we see the end of this up move.
The blue Fork's CL got broken up, then broken down again and now we
are in the test/retest mode of it, actually exactly at the blue CL again.
Price fluctuate. And therefore i dont believe in a immediate down spike,
rahter eating up time, going little sideways and the down like hell...probably...
So, you see i am short biased.
But i allways do my best to trade what i see, planning the trade and
trade the plan. This way i can sepparate "bias/opinion" and my action
most of the time, by giving my ego room to be right on paper, and trade
what is really there on the chart.
Looking back at the stats it shows, that my ego paper trading can only be
used for one thing...to foment the chimney ;-)
P!
