The short position entry was based on: 1) energies sector (the leading market mover) weak performance relatively to ES; 2) $add weakness w/ 3) no $tick confirmation of recent ES higher highs. But soon I thought it would be better to leave the trade, cause: 1) energies, materials (the weakest from most volatile), financials (strongrst), consumer discretionary (2nd strongest sector) all of of them lloked better the ES and $add whole the session was weak - poor entrys reason.
08/04/10
The short position entry was based on: 1) energies sector (the leading market mover) weak performance relatively to ES; 2) $add weakness w/ 3) no $tick confirmation of recent ES higher highs. But soon I thought it would be better to leave the trade, cause: 1) energies, materials (the weakest from most volatile), financials (strongrst), consumer discretionary (2nd strongest sector) all of of them lloked better the ES and $add whole the session was weak - poor entrys reason.
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