Closed all shorts at SPX 1576. Took a huge loss...almost gave back April gain..but not all of it!!!!I will not go long unless we break and close SPX 1584.4
I will try to make it up and hopefully soon!!! I was wrong in taking a short position too early on!!!went stricktly with the technicals and not my own system. Big lesson learned this time.....
Trade safe and all the best!!!
Closed all short ppsitions at SPX 1575
Started by
freddy1
, Apr 23 2013 10:47 AM
6 replies to this topic
#1
freddy1
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Posted 23 April 2013 - 10:47 AM
Market always leads, you have to be dynamic and manage risk accordingly.
If you make profit trading, take the money out and enjoy it before Wall Street steals it back from you!!!!!
http://www.freewebst.../Timingtradewin
If you make profit trading, take the money out and enjoy it before Wall Street steals it back from you!!!!!
http://www.freewebst.../Timingtradewin
#2
fib_1618
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Posted 23 April 2013 - 11:06 AM
Sorry for your loss and thanks for posting it publicly which is always hard to do.
Fib
I'm confused...what's the difference? Are you saying that your system is not technically oriented?went strictly with the technicals and not my own system
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
#3
Zim
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Posted 23 April 2013 - 11:09 AM
Thanks for the honesty. It's appreciated in this day and age. You'll make it all back, I'm sure.
My Best
Bill
#4
freddy1
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Posted 23 April 2013 - 11:15 AM
Sorry for your loss and thanks for posting it publicly which is always hard to do.
I'm confused...what's the difference? Are you saying that your system is not technically oriented?went strictly with the technicals and not my own system
Fib
Fib,
First, thanks for your positive comment!!! Second, No, my proprietary system generates only timing signal based on cycles (Gann, harmonics,and astrology and has no technical analysis associated with it such as RSI, MACD, BB, FIb, Elliot Wave etc..I went short based on my own chart, FIb and Elliott wave analysis after we broke SPX 1539.5.
Hope I was able to answer your question and thanks again!!!
Market always leads, you have to be dynamic and manage risk accordingly.
If you make profit trading, take the money out and enjoy it before Wall Street steals it back from you!!!!!
http://www.freewebst.../Timingtradewin
If you make profit trading, take the money out and enjoy it before Wall Street steals it back from you!!!!!
http://www.freewebst.../Timingtradewin
#5
jdjimenez
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- Traders-Talk User
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Posted 23 April 2013 - 11:18 AM
Closed all shorts at SPX 1576. Took a huge loss...almost gave back April gain..but not all of it!!!!I will not go long unless we break and close SPX 1584.4
I will try to make it up and hopefully soon!!! I was wrong in taking a short position too early on!!!went stricktly with the technicals and not my own system. Big lesson learned this time.....
Trade safe and all the best!!!
You'll get it back and more!
JDJ
#6
freddy1
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- Traders-Talk User
- 87 posts
Member
Posted 23 April 2013 - 11:31 AM
Closed all shorts at SPX 1576. Took a huge loss...almost gave back April gain..but not all of it!!!!I will not go long unless we break and close SPX 1584.4
I will try to make it up and hopefully soon!!! I was wrong in taking a short position too early on!!!went stricktly with the technicals and not my own system. Big lesson learned this time.....
Trade safe and all the best!!!
You'll get it back and more!
JDJ
Bill and JDJ, thank you all for your positive comments!!! That is what this site should be all about...traders helping and motivating each others!!!Kudos!!!!
Edited by freddy1, 23 April 2013 - 11:32 AM.
Market always leads, you have to be dynamic and manage risk accordingly.
If you make profit trading, take the money out and enjoy it before Wall Street steals it back from you!!!!!
http://www.freewebst.../Timingtradewin
If you make profit trading, take the money out and enjoy it before Wall Street steals it back from you!!!!!
http://www.freewebst.../Timingtradewin
#7
thespookyone
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Posted 23 April 2013 - 08:36 PM
" Elliot Wave etc"
I was viewing the Elliott count as an irregular flat in several indexes, which-so far, so good. It had a nice percentage chance of playing out in a market trending this hard. By the way, certain indexes hit the "B" wave projection (acquired by using by proper fibs in an irregular flat) right on the number. Others missed both the B and C waves by a mere pittance.
Sorry about your trade, put it in the rear view mirror.
Edited by thespookyone, 23 April 2013 - 08:38 PM.
