Monday, February 25, 2013

Futures

We may get a fresh lesson as to why we don't chase the market, but rather let it come to us on our terms.

The EUR/USD leading positive divergence is holding up, as I mentioned there were early signs ES was picking up on it as well.

 EUR/USD today

 ES after hours is leading positive


A closer look at ES from in line to a leading positive divergence. Most technical traders chase price and call it confirmation, then they wonder why they get whipsawed out of positions the next day or so. We let price come to us on our terms with a better entry and lower risk.

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