what am i doing
closing nq and es shorts for 4 points loss and going back long
Started by
atlasshrugged
, Aug 27 2008 11:11 AM
3 replies to this topic
#2
NAV
-
- Traders-Talk User
- 16,087 posts
Member
Posted 27 August 2008 - 11:23 AM
what am i doing
I think you are doing the right thing. I screwed up my trade. I shorted a idle hour lazy-retracement, when i should have gone long. Stupid stupid. Good luck to you !
#3
atlasshrugged
-
- TT Patron+
- 4,409 posts
Member
Posted 27 August 2008 - 11:37 AM
what am i doing
I think you are doing the right thing. I screwed up my trade. I shorted a idle hour lazy-retracement, when i should have gone long. Stupid stupid. Good luck to you !
thanks bro!
#4
U.F.O.
-
- TT Patron+
- 5,605 posts
U.F.O.
Posted 27 August 2008 - 11:45 AM
Since the recent 8/15 high QQQQ's have done almost a 50% Fib retrace of the 7/15-8/15 range. The declining tops downtrend line off that high comes in today at $47.17. That's my Rydex buy point if we can crack it.
U.F.O.
"Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote!"
~Benjamin Franklin~
~Benjamin Franklin~
