Matt Bowen
01-03-2005, 12:14 PM
Happy New Year...
We kicked off the New Year with a couple of Winners. The first signal from the Diamonds ETF and then shortly after the Dow E-mini followed. Both of these trades offered a 2-1 Risk Reward and then reversed.
If you take a look at the 60-minute 20-period moving average we are in a downtrend. However, the Daily is still in a uptrend so I expect these to run in tandem. When you have one diverge from the other it calls for caution :cool:
We kicked off the New Year with a couple of Winners. The first signal from the Diamonds ETF and then shortly after the Dow E-mini followed. Both of these trades offered a 2-1 Risk Reward and then reversed.
If you take a look at the 60-minute 20-period moving average we are in a downtrend. However, the Daily is still in a uptrend so I expect these to run in tandem. When you have one diverge from the other it calls for caution :cool: