Closed the rest 2/3 of my ES position for 2.5 points profit and went short ES at 1562.50.
No upside follow thru and hourly momo turning down.
Flipped
Started by
NAV
, Jul 17 2007 10:49 AM
13 replies to this topic
#2
OEXCHAOS
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Mark S. Young
Posted 17 July 2007 - 11:05 AM
Closed the rest 2/3 of my ES position for 2.5 points profit and went short ES at 1562.50.
No upside follow thru and hourly momo turning down.
I'm working an order just a bit higher. We'll see if I get lucky. So far, they missed me by 0.25.
Good luck, but not too soon.
Mark
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#3
LarryT
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Posted 17 July 2007 - 11:06 AM
Closed the rest 2/3 of my ES position for 2.5 points profit and went short ES at 1562.50.
No upside follow thru and hourly momo turning down.
Hang in there, wave 4 is about 75% done. New highs ahead later this week, sideways wave fours are next to impossible to trade.
d:^)
#4
kindspirited
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Posted 17 July 2007 - 11:17 AM
does anyone know what Airedale or others that follow cycles think at this juncture? He was expecting low in late July but has that inverted, or now expect just a minor low at higher level
#5
NAV
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Posted 17 July 2007 - 11:29 AM
Closed the rest 2/3 of my ES position for 2.5 points profit and went short ES at 1562.50.
No upside follow thru and hourly momo turning down.
Hang in there, wave 4 is about 75% done. New highs ahead later this week, sideways wave fours are next to impossible to trade.
d:^)
I like your confidence that this is a wave 4. It indeed maybe.
I have a confirmed hourly sell at this point. Give me another 2 hours and i will let you know if we made a swing top or not. I don't have any confirmation yet. If i get the confirmation, it should be good for a 15-20 point drop.
Good luck
#6
Darris
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Posted 17 July 2007 - 11:36 AM
You can find Airedale over at Investors Hub under the same name. I think it is free to view after signing up.
#7
NAV
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Posted 17 July 2007 - 11:39 AM
Took 5 points profit on half my short ES position. It wasn't impossible 
. Let the other half run.
. Let the other half run.
Edited by NAV, 17 July 2007 - 11:41 AM.
#8
LarryT
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Posted 17 July 2007 - 11:47 AM
Closed the rest 2/3 of my ES position for 2.5 points profit and went short ES at 1562.50.
No upside follow thru and hourly momo turning down.
Hang in there, wave 4 is about 75% done. New highs ahead later this week, sideways wave fours are next to impossible to trade.
d:^)
I like your confidence that this is a wave 4. It indeed maybe.
I have a confirmed hourly sell at this point. Give me another 2 hours and i will let you know if we made a swing top or not. I don't have any confirmation yet. If i get the confirmation, it should be good for a 15-20 point drop.
Good luck
Sounds good, and yes confidence is high. Shorting above ES 1570 good for a 40 pt drop.
LT
Took 5 points profit on half my short ES position. It wasn't impossible
ES 1557 is my SR table down test for today, odds of trading more than 1.5 pts below it ARE REMOTE. Wave fours are like that, drop fast then retrace the drop quickly.
#9
slatedrake
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Posted 17 July 2007 - 11:53 AM
Took 5 points profit on half my short ES position. It wasn't impossible
Nice trade NAV.
Before you start trading get your brain around risk control. Know how much leverage you're using and know when to go to cash if you're wrong.
#10
NAV
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Posted 17 July 2007 - 11:53 AM
Looks like they want to tag the ES 1555 again during the day session.
