It's not going to be home run like my 170 point gains for my shorts in May and 50 gain for my mistake in shorting early in march.
Target is 1074.
I'll be happy if i can get more but not very liekly for the moment hopefully we flushed the bears out yesterday.
Time to get shorts...1094.
Started by
porsche911sg
, Jul 15 2010 08:40 PM
32 replies to this topic
#1
porsche911sg
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Posted 15 July 2010 - 08:40 PM
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!
#2
CLK
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Posted 15 July 2010 - 08:46 PM
Why did you stop in so close to the closing price ?
You told me not to go short yet on close.
Starting off ugly I know, but overnight session
has a long way to go yet.
#3
dcengr
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Posted 15 July 2010 - 08:46 PM
I like it.
But I am waiting a few more hours (2:30 am pacific time). You can always be fashionably late doing a counter trend trade. This is based on my experimental cycle system per my post.
Qui custodiet ipsos custodes?
#4
porsche911sg
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Posted 15 July 2010 - 08:49 PM
Waiting for that GAP up it came ... so do it. Yes during market action price was much lower.Why did you stop in so close to the closing price ?
You told me not to go short yet on close.
Starting off ugly I know, but overnight session
has a long way to go yet.
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!
#5
CLK
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Posted 15 July 2010 - 08:52 PM
Ok, I thought you were looking for a gap up in the day session.
#6
porsche911sg
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Posted 15 July 2010 - 08:52 PM
Yes correct always study the market FIRST when all signal align. I take my cue.I like it.
But I am waiting a few more hours (2:30 am pacific time). You can always be fashionably late doing a counter trend trade. This is based on my experimental cycle system per my post.
Early bears dont make in a counter trend they sell too early and leave too early... borrowing a line from mr dev
timing is everything.
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!
#7
porsche911sg
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Posted 15 July 2010 - 08:56 PM
I was waiting for one as well. but the target was met. This is not likely to be a big trade so that why i am not scaling in to shorts and etc. At latest i will cover on monday but would prefer to cover on friday. I wont hold this one for two to three months.Ok, I thought you were looking for a gap up in the day session.
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!
#8
CLK
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Posted 15 July 2010 - 09:07 PM
Volume is getting ready to come in here. 10,800 could be here quick
if it closes above the 200dma.
#9
NAV
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Posted 15 July 2010 - 10:08 PM
How did the trade get executed when you were asleep ? Do you have some automated trading system ? Where is your stop loss ?
#10
mogreen
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Posted 15 July 2010 - 10:20 PM
How did the trade get executed when you were asleep ? Do you have some automated trading system ? Where is your stop loss ?
Nav....You don't get it ...He's a bs'er
The adults have left and the children are at play.
Which reminds me...I'll be travelin the next two weeks...Alaska and New Zeland
Will check in when I can.
Best trading to all!
