39 replies to this topic

[NAV]

Time to peel off 1/3 from 1135 for about 22 points. Usually swing signals get generated near the early part of the move or in the middle of a move, very rarely near the tail end of move. If it was near the tail end of the move, it would have whipsawed me and not given any profits at all. Assuming the signal @ 1135 was in the middle of the move, we are looking at 1180-90 area for this swing. If the signal was in the early stages of the move, we are looking at something north of 1200. 7th consecutive winner in a row. I will post an update again when the train reaches station #2 for more profit taking.

Edited by NAV, 06 October 2011 - 10:43 AM.

[jdjimenez]

Time to peel off 1/3 from 1135 for about 22 points. Usually swing signals get generated near the early part of the move or in the middle of a move, very rarely near the tail end of move. If it was near the tail end of the move, it would have whipsawed me and not given any profits at all. Assuming the signal @ 1135 was in the middle of the move, we are looking at 1180-90 area for this swing. If the signal was in the early stages of the move, we are looking at something north of 1200. 7th consecutive winner in a row. I will post an update again when the train reaches station #2 for more profit taking.

Another great trade NAV, wish I had your discipline! Maybe in time.

JDJ

[hpm123]

Very nice NAV - thanks for sharing.

[saltlake]

Time to peel off 1/3 from 1135 for about 22 points. Usually swing signals get generated near the early part of the move or in the middle of a move, very rarely near the tail end of move. If it was near the tail end of the move, it would have whipsawed me and not given any profits at all. Assuming the signal @ 1135 was in the middle of the move, we are looking at 1180-90 area for this swing. If the signal was in the early stages of the move, we are looking at something north of 1200. 7th consecutive winner in a row. I will post an update again when the train reaches station #2 for more profit taking.

Another great trade NAV, wish I had your discipline! Maybe in time.

JDJ

Ill second both your statements

[vitaminm]

wish I had your discipline!.................requires proper stop!

Spx......R/T 1168

http://www.barchart......F15/2011#jump

Edited by vitaminm, 06 October 2011 - 11:31 AM.

[danzakdr]

Your system has been a winner recently!Great moves, and continued success to you.

[sp 1123]

Hi Nav, Well done. "Time to peel off 1/3 ...." Just wondering, what criteria do you use to decide when to peel off a 1/3 ? Is it based on the market action or on a personal criteria such as such of profit. TIA SP

[NAV]

Hi Nav,

Well done.

"Time to peel off 1/3 ...."

Just wondering, what criteria do you use to decide when to peel off a 1/3 ? Is it based on the market action or on a personal criteria such as such of profit.


TIA

SP

I have explained it more than 3 times in the last one month and hopefully this will be the last time.

It's based on risk/reward....i peel off 1/3 at 1:2 R/R 1:4 R/R and 1:6 R/R. Assuming a stop of 10 points, i would be taking profits at approximately 20, 40 and 60 points respectively. If those R/R are not met, i exit everything on swing reversal.

Edited by NAV, 06 October 2011 - 11:39 AM.

[vitaminm]

don't the chart I posted above tell when to peel off intra day?

Hi Nav,

Well done.

"Time to peel off 1/3 ...."

Just wondering, what criteria do you use to decide when to peel off a 1/3 ? Is it based on the market action or on a personal criteria such as such of profit.


TIA

SP

[vitaminm]

don't the intra day chart I posted above tell when to peel off ?

Hi Nav,

Well done.

"Time to peel off 1/3 ...."

Just wondering, what criteria do you use to decide when to peel off a 1/3 ? Is it based on the market action or on a personal criteria such as such of profit.


TIA

SP

Edited by vitaminm, 06 October 2011 - 11:46 AM.