so on Wed, Longs were kept out and same occurred yest (Thu) as mkt couldn't close above 11648.
The Buy setup continues, and we can see how the potent system kept us out of preemptive trades. ( hurried long positions )
Today is an important day in buy setup count. If we close below 11387 ( close 4 bars ago ), then buy setup will not cancel and the correction will most likely continue.
Looking at overnight sell-off action in US mkts, the 1st big one since june, it is likely that we may close below 11387. As per the system shorts could've been opened but like i posted earlier, momentum didn't warrant that and buying puts seemed to be a lesser risk option. same strategy will continue.
The Buy setup continues, and we can see how the potent system kept us out of preemptive trades. ( hurried long positions )
Today is an important day in buy setup count. If we close below 11387 ( close 4 bars ago ), then buy setup will not cancel and the correction will most likely continue.
Looking at overnight sell-off action in US mkts, the 1st big one since june, it is likely that we may close below 11387. As per the system shorts could've been opened but like i posted earlier, momentum didn't warrant that and buying puts seemed to be a lesser risk option. same strategy will continue.