Went long at SPX 1558 stops 1556

Went long at SPX 1558 with stops at SPX 1556. Tight stops because I think the market put in a higher low and might be headed for SPX 1580.

Edited by freddy1, 17 April 2013 - 08:52 AM.

Went long at SPX 1558 with stops at SPX 1556. Tight stops because I think the market put in a higher low and might be headed for SPX 1580.

Let me share why I went long. I have two scenerios for 4/17/13 in my analysis. Scenerio ONE is It could be the b low for an abc correction targeting SPX 1580, or it could be the retest low of SPX 1552 low put on Monday. In either case, I will trade accordingly and that is why the tight stops in case scenerio 1 is the wrong one.

Went long at SPX 1558 with stops at SPX 1556. Tight stops because I think the market put in a higher low and might be headed for SPX 1580.

Let me share why I went long. I have two scenerios for 4/17/13 in my analysis. Scenerio ONE is It could be the b low for an abc correction targeting SPX 1580, or it could be the retest low of SPX 1552 low put on Monday. In either case, I will trade accordingly and that is why the tight stops in case scenerio 1 is the wrong one.

Removed

Edited by Venatici, 17 April 2013 - 09:22 AM.

Whatever the system may be, what is with the "2" point stop?

Whatever the system may be, what is with the "2" point stop?

I'm guessing the stop has been long hit.

Whatever the system may be, what is with the "2" point stop?

I'm guessing the stop has been long hit.

I just dont see what the bulls are seeing here....

There has been warning sign after warning sign for weeks now, and now price and breadth are just starting to get in sync, and yet they still want to buy every dip.....good way to get wiped out on a rising wedge break, which could very well be underway as we speak.....

Whatever the system may be, what is with the "2" point stop?

I'm guessing the stop has been long hit.

As explained before, the proprietary system generates specific dates to either enter or exit long or shorts. The system does tell me that it is a high or a low date but does not tell me the exact target as it is almost an impossible task to give both a date and a target way ahead of time. When trading my own account, It is up to my own judgment to figure out at what level to enter or exit a position based on what I feel appropriate for me. I had two scenerios for my own account and I clearly admitted on this site that sometimes I do my own stupid moves without sticking to my own system. I'm still working on that!!!!

What went out to members was very specific and that was " close all shorts on 4/15/13 before the close and do not go long the market before 4/17/13 date near the close. I have put the dates for all to see here and please tell me if there was one trader on this site that gave any indication to what was going to happen this week for free...I will continue to share and help others if and when asked. I'm not a coky person and I welcome all comments and inputs....but do not welcome any bashing (not implying that you guys are doing so!!!)

Trade safe and all the best!!!

Whatever the system may be, what is with the "2" point stop?

I'm guessing the stop has been long hit.

Yes. Stops got hit and lost 2 points on a very small long position. I do not see the guys who went long yesterday telling us what happened to their positions and I'm not going to ask as all I care is about my own pocket and no one else!!!!

Whatever the system may be, what is with the "2" point stop?

I'm guessing the stop has been long hit.

Yes. Stops got hit and lost 2 points on a very small long position. I do not see the guys who went long yesterday telling us what happened to their positions and I'm not going to ask as all I care is about my own pocket and no one else!!!!

My system gave a warning yesterday at about 3 as posted, I got stopped out!! Then got cute and did not trust the system. Guess what they had for breakfast this morning? MEEeeee

Whatever the system may be, what is with the "2" point stop?

I'm guessing the stop has been long hit.

Yes. Stops got hit and lost 2 points on a very small long position. I do not see the guys who went long yesterday telling us what happened to their positions and I'm not going to ask as all I care is about my own pocket and no one else!!!!

My system gave a warning yesterday at about 3 as posted, I got stopped out!! Then got cute and did not trust the system. Guess what they had for breakfast this morning? MEEeeee

Sorry to hear about your loss. I warned you not to go long before 4/17/13 as I have it as a low (at that time I was not sure if it would be a lower low or a higher low).