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Wednesday, October 13, 2004


A sweet mother-of-god yippie-ki-yay waterfall trade on the YM this afternoon. This is the 5 min chart (I also have a 2 min up), and this was the first time I saw my 3 signals line up. 1) the bline was ripe for a sling (the ribbons were in overbought territory while the baseline remained weak), 2) Fish (the Fisher Transform) flipped short, and 3) CCI signalled short (there's a questionable slanting ghost, but I took the subsequent shamu). Combined with the knock on the 34 overhead and slipping under the 25 lsma, and this proved to be perfection -- a 50 point drop with a hfe (hook from extremes) exit, though it tumbled another 30 points after that. Waiting for the Fish to flip again and the ribbons to kiss off the baseline would've given the extra 20-30 ticks.

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