Bull Trend in Jeopardy?

Review of last night's trades. Another interesting session, after I logged off...sigh...The action really kicked off at 12:50pm, after the Minor PPF of Resistance at 1390.75 - and with the TREND chart pointing down.
Leg 3 of the Bear Break is now confirmed at 1393.75. My only concern right now is that we are too closed to Leg 2 of the Bear Break (1380.25). Why? Well, if we were to breach this level and PRICE goes lower, effectively we start Leg 1 of the Bull Break. Bumper? Nah...I trade LONGS & SHORTS, with the given signals I've been taught.

Which brings me to mention about this kind visitor to my blog, who, in his comments, have persistently asked me why, am I shorting when the market is "clearly oscillating" higher...Clearly, his concern was that I was not practicing what I was taught, which is to trade with the TREND, in the direction of PRICE.
My answer to him was that the market has ups & downs, and though a Bull Trend is in place, PRICE has to go down to challenge support, to go higher. Of course, I would be stupid to place myself in front of a speeding bullet train. I wouldn't short, if PRICE continues to go higher, without any failure. But there are rules, that I've learned, that allows me to SHORT (even in a Bull Trend), to take part in the pull back. And also, as a day/intra-day trader, my STOPS are pretty tight. So, although going LONG on a pull back may be the right thing to do, I may not do it, as I may be caught with an early entry for a LONG (meaning, the pull back is deeper than expected), and get stopped out for nothing (TREND chart oscillation plays an important and integral part of my decision making).

Another thing that I mention to fellow traders is that one should just concentrate on a particular index/commodity/currency future to trade, so as to understand its movements and behaviours. So much so that you know it like the palm of your hand...
An analogy here would be like understanding your wife/girlfriend. Don't you think you know her more today, then you knew of her from Day 1 ? Her traits, her strengths, her flaws, her reactions to certain issues, ideas or actions? Likewise, one would learn much more with lots & lots of screen time, when trading a particular Future.

If you are keen or curious to know more about the method I use, please go to my Mentor's website at AgMarketLogic. He has a free trial available there.
I am unable to reveal my methods any more than what is already been said/revealed on this blog. I don't even posts charts, lest I unknowingly reveal more than I am supposed to. I am bound by non-disclosure terms, which I signed with my Mentor, Bill Schamp (for his Proprietary Method). Bill was extremely kind and generous to me when I first learned his method. The acknowedgement of him as my Mentor, and the link to his website on my blog is merely my appreciation to him for his generousity & care shown towards me (PS. I do not earn any fees from him for the referrals clicking or taking up his trial, or trading course).

Don't get me wrong. I am no expert here...but I know that with every little knowledge I pick up, with every minute I place myself in front of the trading charts, and with every inch of patience that I accumulate, it will make me stronger, more discerning & more versatile in tackling the unforgiving markets.

01:45pm A fellow Singaporean Blogger, trading in Options - has exchanged links with me...Pop by his Simply Options Trading blog for a look.

10:28pm No trades. Watching PRICE movement first. TREND chart still pointing up & key PRIME Support level to watch would be 1380.25
10:35pm SHORT signal setting up.
10:37pm Nope...Consolidation instead.
10:51pm Market's pretty slow moving.
11:03pm Still no trade. Didn't take that LONG as TREND chart was still pointing down when that move started. Now, TREND chart has pointed up again.
11:26pm PRICE action (to me) has been pretty lousy so far...PPFs, followed by PPFs - Consolidation. Will have an early night if this doesn't change.