Thursday, May 30, 2013

A nice ES trade using Bernoulli Channels

I posted this last night in real time (see 2 posts down) as I took this trade.

This is a swatdown by the Bernoulli 177 line, and then a backtest of the B133 channel line, could signify a breakout upward, further crushing the "sell in May crowd".

The purpose of the market is to do as much damage to as many people as possible.   Think like a broker/banker, think like a criminal.
Turned into a nice but small trade.   Banked the profits, after getting bottom ticked, I was ticked off.    LOL, funny how things turn out.    Greed is not always good.

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Insightful and Useful Comment!