Tuesday, August 10, 2010

VXX_240 Trend Model

VXX_240 Trend Model

Would you take this trade?  This reflects back to this weekend's post, The Tao of Trading. The LONG Pending signal still has not been confirmed, so as I am writing this there is about a 45 minute window in which this trend model is in "Pending" mode only.  The characteristic of this summer's market is to reverse initial moves like today's and recover to at least about break-even for the day.  This flies in the face of jumping into this signal early, if at all.  Such is the lot of the committed trader of this system.  One of these days the opening move will extend.  Who will be on board for that one?

A

5 comments:

Anonymous said...

Patience.....

Anonymous said...

patience for what, my friend

Anonymous said...

hold VXX and be patient ;)

Anonymous said...

I thought we do not have a signal yet, did I miss it, dang it ...

Mike said...

wow....some great market action this market....

gotta love the look of candles like this....

-Mike