Jump to content



Photo

Good Risk/reward for a short right here


  • Please log in to reply
13 replies to this topic

#11 saltlake

saltlake

    Member

  • Traders-Talk User
  • 1,599 posts

Posted 09 August 2007 - 12:27 PM

Got 76 Dow points out of that. Flat for now Tea party, Ill answer later if thats cool.

#12 beta

beta

    lasergirl

  • TT Patron+
  • 4,093 posts

Posted 09 August 2007 - 12:45 PM

50% retrace of this week's recovery at 1465.

done with short unless move below 1465

long QQQQ from 48.08 area which is 50% retrace at 48.04


Nice trade, Hiker ! Yes, bounced at 1465 support, but I think it will trade intra-day < 1459 tomorrow or Monday (but not close below, as you point out). If it holds > 1452 intraday, I think next week's game plan is to throw long.

Went long GS at 184, stop LOD. Tgt 190's.

Edited by beta, 09 August 2007 - 12:46 PM.

"Daytrading -- An Extreme Sport !"

#13 beta

beta

    lasergirl

  • TT Patron+
  • 4,093 posts

Posted 09 August 2007 - 01:04 PM

... stopped out even GS. Will look for GS Aug calls lower.
"Daytrading -- An Extreme Sport !"

#14 beta

beta

    lasergirl

  • TT Patron+
  • 4,093 posts

Posted 09 August 2007 - 02:11 PM

DOWNSIDE TARGETS MET (1459) -- sold AAPL 130 puts and flipping long (i.e., short SDS @ 56). Stop SPX 1452 Will add to longs > 1467

Edited by beta, 09 August 2007 - 02:14 PM.

"Daytrading -- An Extreme Sport !"