This is where the $TICK - Price Momentum Indicator has been keeping me out of trouble since I began using it a few months ago.
As the European markets were closing at 1130 ET, the ES Futures was again testing the morning low. It might be tempting to take a long position thinking that the market would jump up again, but the indicator was red, which is indicating a downward momentum. I just about never start a long position while the indicator is red now-a-days. An obvious $TICK - Price divergence is an exception.
Another potential loss not experienced.
Charles
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