Finally a decent retracement on the XJO......
Now of course apologies to any of you caught up in the 'route' in the market, as a result of credit worries in the U.S. plus some other factors....
I was still trialling my 5/15/1 hour trading method when at 6340 I got a clear signal. Three ducks were quacking so I shorted the XJO.
Now let me tell you, profits have been so lean the last 2 months that, as soon as I strated making money I was on it ,like a hawk, waiting for any loss of profits... the proper sign to exit is a full bar above the wma, but was I patient enough... Nooooooooooooo. The index traded up touching the fast ma. Really not so serious
Symbion just was doing nothing- I was out 'before the Route:
