This market can breathe during the long weekend. Overbought short term...unlikely this momentum will last for an extended period of time....
If 2725 cash level can't be breached today, I plan to short every spikes on the potential short term down channel to 2600.
Proper terms would be legging in and trailing out. The more price moves in one direction, the higher the probability of reversal. Trailing out...
Doubt we even see yesterday's high, but scalping in more shorts as we go higher.
Early profit taking today in anticipation of Thursday and long weekend...looks like it in PA. Hard to test yesterday's high. Putting on my...
Looks like sideways action today. Trailing in short and may add at higher price if it goes up.
Took exit with stops on that long AH at 2663. And got another mini scalp for 15 pts while on conf call. Totally, distracted this morning. Will...
Well, I did say before that you will glow when we start going back up. Just watch out when we roll back down.
You sound like a mean reversion trader. With scaling, proper risk management, effective sizing, it's a good strategy, statistically speaking as...
Totally agreed. Some very good fundamentals for new people for sure. I trade with bigger stops since it's even more forgiving with direction....
Are you a scalper looking for 10-15 pts? This markets are so good for scalping. Look at some of the people here.
Moving stop up as well in case we won't hit target. Locking in profit.
Yup, that's why I tend to like volatile sideways action (aka whipsaw). Although, big, continuous move in 1 direction will hurt once in a while,...
It's always ambitious. Haha. Direction could change any time, so PA is a good indicator to exit when it's moving in a weird way.
Target exit 2695...not being greedy today on the long AH. Price could go up higher, but it will serve as potential setup for tmr.
Position sizing and scaling are good strategies. Absolutely agreed 100%. But you gotta be right on the large up or down trend, otherwise,...
I am expecting a huge dip eventually. Just play the bounce. Realized I can't time when the damn dip will occur with precision.
I think your timing on that short is purely coincidence. The news happened to swing in your direction, but we are heading back up. Was very...
Likely news about euro zone deal failure...but whatever, they will hammer out a deal soon. Holding long and looking at 2630 level.
Damn, nasty 50 pts drop there. Probably, took out all stops. Let's see if 2630 level holds up.
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