7 replies to this topic

[NAV]

From NQ 1854. My stops are around Feb 22 highs around NQ 1878. Since it's a swing trading position, i am giving it a bit of leeway. NQ not confirming with NDX new recovery highs. NQ is still trading below it's Feb 22 highs. From a intermediate term perspective, NQ is the weaker index here, which is why i have chosen to short it. NYSE and Nasdaq MCOs reversing towards the zero line, which could potentially roll over the summation indices in the coming days. I don't like chasing prices nor do i like picking tops. Unforunately, i have picked a top here based on risk/reward and breadth momentum exhaustion. If the indices breakdown here, i will hold my short. Any hourly close above NQ 1878, i will cover my short.

Edited by NAV, 24 April 2007 - 07:39 AM.

[skott]

from yesterday

http://www.traders-t...?...st&p=284564

[jjc]

from yesterday

http://www.traders-t...?...st&p=284564

Skott,

There is lots to learn here; Some really good traders. I would look into how futures are priced
and the cost of margin to understand the answer to your question.

[GOOSE2]

from yesterday

http://www.traders-t...?...st&p=284564

I'm short from 1489.....needs to get and stay below 1487.50

Targets 1485 and 1483

Stop and reverse at 1490.50

[arbman]

Good luck NAV, I sold short the gap ups based on the implied volatilities as well, but I already covered (minutes ago). I will sell heavily though if this thing reverses back up for an end of month play over the next few sessions with this configuration, poor breath, rising implied volatilities etc. The market always managed to get irrational near the IT tops, so I suspect it will again...

Edited by kisacik, 24 April 2007 - 09:07 AM.

[GOOSE2]

from yesterday

http://www.traders-t...?...st&p=284564

I'm short from 1489.....needs to get and stay below 1487.50

Targets 1485 and 1483

Stop and reverse at 1490.50

and I'm out for a nice easy 6 pts........y'all have a great day

[greenie]

From NQ 1854. My stops are around Feb 22 highs around NQ 1878. Since it's a swing trading position, i am giving it a bit of leeway.

I am with you. similar timeframe and target, although the target may get extended depending on the market.

[.Blizzard]

I covered this morning my ES short at 1481 (Gap filled) for 7 point loss At this point I expect new highs. My next set up is on May 7-10 time window....as I pointed out However I will start to load up again my short position when we breakout 1500 ES..around... 1503/1507 ....will see Flat for now

Edited by .Blizzard, 24 April 2007 - 11:33 AM.