Notice how buy line in buy/sell Vindicator has been diverging significantly against prices the last week couple of weeks:
Friday, September 17, 2010
Friday 9/17/10 update
Quicky update, still on the run this week:
Notice how buy line in buy/sell Vindicator has been diverging significantly against prices the last week couple of weeks:
Notice how buy line in buy/sell Vindicator has been diverging significantly against prices the last week couple of weeks:
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Yeah, I shorted way too early when the divergence just started. Somehow I forgot divergences can last a really long time, so it wasn't fun and therefore need to update my trading rules. Still remain short based on this divergence, so I can only hope it begins to resolve itself very soon.
ReplyDeleteNeed to implement some rule of how to cover when the market only goes straight in one direction. Easier said than done because divergences are all over the place and you want to stay in the trade, but yet the price action is relentless. Picture that. Because it means a person is having to reverse the trade at what appears to be the highs (or lows) because the price action doesn't take a break. Not yet sure what a clear cut rule would be.
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