Quote from: oda.krell on January 08, 2014, 11:48:34 AM

Quote from: MAbtc on January 08, 2014, 04:06:54 AM

Quote from: oda.krell on January 07, 2014, 02:28:55 PM

In any case, until we actually close under the 6h EMA30, I'm not even going to get active. Not a single downtrend came into motion without that happening first in the last 2 months or so. Until then, I'll sit tight Cheesy

(note however that I aim to trade only the medium/large swings, and let most smaller ones slide)

Very good... You noticed that breakthrough as well Cheesy

But what to make of it, huh? We're already above again, with exactly one 6h candle in betweedn opening and closing below. By my count, that means there's a good chance we'll revisit this level again in the next days, so: low 900s very well possible.

But apart from that? I've said before, I consider the most likely end of the post-ATH decline/correction/bear market to be in late January/early February, but I also said I can be convinced otherwise if a clear reversal reveals itself. It's still a possibility in my opinion, depending on how we recover from yesterday's drop.

Don't know about you, but I'm not tempted to make a major adjustment to my position yet. Then again, as I said before, there are different trading styles... frequently, with smaller amounts vs. seldom, with larger amounts. I do the latter, almost exclusively. Waiting until I'm sure of a major swing, then put in one or two larger orders -- worked extremely well for me this December.

My position was being steadily adjusted all day Sunday. I had seen enough signals not to wait for the trend to break. At the least, a minor correction was in order -- though I am feeling more bearish than that. I've played two bounces here, mostly for kicks, but my money (outside of cold storage) is generally in dollars while this consolidation plays out.

Was just curious what your take was since one of your signals appeared to have triggered. Cheesy