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Closed all short positions here.....


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#1 andr99

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Posted 13 September 2017 - 02:44 AM

in Milan.....I was short on the banks and up 6% in my portfolio. Closed a few minutes ago 1% gain, because my motto is...''never let a winning position become a losing one''. I had entered on the 10th of last month and now I' m out, waiting for a new short entry when time tells. I am with opinionated as for what he is expecting markets will do.....   


forever and only a V-E-N-E-T-K-E-N - langbard


#2 fib_1618

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Posted 13 September 2017 - 05:30 AM


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#3 andr99

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Posted 13 September 2017 - 06:20 AM

 

exactly....if you look in your chart at that small bullish inverse h&s  which broke up three days ago......that thing alongside with the support you have drawn (and I also had) holding  is what made me close my short position. But remember that I was short on the banks and they all had been weaker than the ftsemib in august....that's why I waited a bit longer than due before closing my positions. And that support holding was my major concern while being short, although the bank index didn' t show any support holding. Next bus station for the ftsemib 22700-22800. That is where I' m waiting for it in order to consider any other possible short position 


Edited by andr99, 13 September 2017 - 06:21 AM.

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#4 andr99

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Posted 13 September 2017 - 06:32 AM

....forgot...I give to the bulls till the 20ieth of september and then the IT correction that was aborted will be resumed in larger scale and i' m speaking also for the US


Edited by andr99, 13 September 2017 - 06:33 AM.

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#5 NAV

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Posted 13 September 2017 - 08:08 AM

 

 

Next bus station for the ftsemib 22700-22800. That is where I' m waiting for it in order to consider any other possible short position 

 

Why only wait for the short setup ? Why not participate on the long side which is in progress ?


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#6 andr99

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Posted 13 September 2017 - 08:18 AM

because I trade milan and if you could take a look at what I trade you would join me on the short side. That said I had been long until it was time, now the time is getting over

and it's dangerous here to get long on milan. As I said a few time ago, I' m just waiting for an IT correction and then for the bullish reversal coming after. But an IT correction that can give you 25% gain on some stocks......would you throw it away ?  


Edited by andr99, 13 September 2017 - 08:19 AM.

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#7 NAV

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Posted 13 September 2017 - 08:26 AM

because I trade milan and if you could take a look at what I trade you would join me on the short side. That said I had been long until it was time, now the time is getting over

and it's dangerous here to get long on milan. As I said a few time ago, I' m just waiting for an IT correction and then for the bullish reversal coming after. But an IT correction that can give you 25% gain on some stocks......would you throw it away ?  

 

Fair enough


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#8 redfoliage2

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Posted 13 September 2017 - 09:54 AM

Bears need to wait..................


Edited by redfoliage2, 13 September 2017 - 10:02 AM.


#9 redfoliage2

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Posted 13 September 2017 - 10:28 AM

Looking at NYAD that was down yesterday and today, the current prices cannot last for another day.  Tomorrow may be a good time to short.


Edited by redfoliage2, 13 September 2017 - 10:31 AM.