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Cheated Long


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#1 OEXCHAOS

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    Mark S. Young

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Posted 17 August 2007 - 09:57 AM

Things are so fast, I have been trying to anticipate turns. This time, I may have been too cute, as I didn't get a good Stoch buy before I went long nor did I buy off a support line. We'll see. Just sent this out: We are 1/2 long at 143325. Stop this at 142300 for now. Target 145400. We'll fine tune as time goes on.

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#2 rkd80

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Posted 17 August 2007 - 10:00 AM

Things are so fast, I have been trying to anticipate turns. This time, I may have been too cute, as I didn't get a good Stoch buy before I went long nor did I buy off a support line. We'll see.

Just sent this out:

We are 1/2 long at 143325. Stop this at 142300 for now. Target 145400. We'll fine tune as time goes on.


Yeah, this is insane. I added there too...I figure the reversal pattern yesterday/gap up today are good IT signs, why get caught up in the details? Besides, i think its good they try to fill this gap early. Means they dont have to come back for a while ;)
“be right and sit tight”

#3 NAV

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Posted 17 August 2007 - 10:06 AM

I am doing nothing here. Just sitting and watching. Yesterday i collected 17 ES points in 10 minutes. Today i sold my XLF calls for nearly 80% gains. I just cannot play this hypervolatility with leverage. A good way to loose my hard earned profits. I am still waiting for calmer waters for my hourly swing trades. Let the big boys battle it out.

"It's not the knowing that is difficult, but the doing"

 

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#4 OEXCHAOS

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    Mark S. Young

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Posted 17 August 2007 - 10:10 AM

I am doing nothing here. Just sitting and watching. Yesterday i collected 17 ES points in 10 minutes. Today i sold my XLF calls for nearly 80% gains. I just cannot play this hypervolatility with leverage. A good way to loose my hard earned profits. I am still waiting for calmer waters for my hourly swing trades. Let the big boys battle it out.


I believe you just proved that you CAN. :lol:

I know this, I'm looking forward to going flat and working on the projects that are piling up on my desk.

And a nice long walk by the river.

Oh yeah, and a nice dinner at Nectar. I see the chef every week down at our farmers market and one of my client grows squash blossoms for her specially.

M

Mark S Young
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#5 OEXCHAOS

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    Mark S. Young

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Posted 17 August 2007 - 11:37 AM

I'm flat after taking a decent profit. To tired to think straight and other important stuff needs my attention. I see higher prices. 1470 will likely be hit. Mark

Mark S Young
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