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closing out all of DBA short here...
Started by
TheArchitect
, Jan 12 2009 02:54 PM
5 replies to this topic
#1
TheArchitect
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Posted 12 January 2009 - 02:54 PM
from last week... holding the GLD short still, but i'm getting a bit nervous about my SSO long here ...
...
#2
VolPivots
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Posted 12 January 2009 - 03:02 PM
May I ask why? A hatrick limit down close for beans, wheat and corn....u don't think there will be any followthrough?
#3
TheArchitect
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Posted 12 January 2009 - 03:39 PM
u don't think there will be any followthrough?
i dunno, let me know if there is... i'm happy w/ booking the profit as is. Thanks.
#4
VolPivots
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Posted 12 January 2009 - 03:56 PM
i was just curious if u had a trigger other than profit taking. anyways good trade...i'm kickin myself for not shorting beans last niteu don't think there will be any followthrough?
i dunno, let me know if there is... i'm happy w/ booking the profit as is. Thanks.
#5
TheArchitect
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Posted 12 January 2009 - 04:22 PM
i was just curious if u had a trigger other than profit taking. anyways good trade...i'm kickin myself for not shorting beans last niteu don't think there will be any followthrough?
i dunno, let me know if there is... i'm happy w/ booking the profit as is. Thanks.
honestly, it was just a short based on the downtrend line failed test last week, i think i even got laughed at for it, and because price never moved back up above my entry... i held... never thought it'd move as fast as it did today... don't look a gift horse in the [bleeep]... or something like that
... beans, beans, the magical fruit... 
u know the rest...
#6
SilentOne
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Posted 12 January 2009 - 04:42 PM
The three grains put in a huge bearish reversals. I thought about longing this market again, but after looking at the daily candles, it's just not worth the risk here. A good long setup will come eventually.
cheers,
john
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
