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b/e don't like p/a Today I am officially a loser, TY!

Happy Birthday SS in advance in case I forget, all the best! :)

<img src=http://videodetective.com/photos/147/006200_11.jpg>

Long 1395 liquid stop, I'll post :)

Long 1397.5 off 1 & S2, stop 1395 Couldn't post for some reason -2.5

-1.25

Long 1409.25, stop 1408 +/-

looks pretty erect to me :)

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1928875>

Have a look at this. When Gold went up to current highs stock markets sold off, I see Gold as a buy here & S&P stalling kind of suggests a recall of what happened last time round ie Gold up & stocks down. P.S. In the land of histogram, this exact pattern is the King Cobra, long all the way...

I am of a different opinion, ImPO Gold is going for the highs. Good luck. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1928822>

ImPO, looking at that formation it would be pretty reasonable to expect lower lows now, where it will stall I have no idea, but based on average retrace range off that D I would say 1350 would have been my primary target if I was to make a trade off that chart. Monthly chart remains bearish...

daily SPX chart <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1928623>

1/3 +6.75 Morning under water, Afternoon above water :cool:

What is an initial stop? Also, would you have stopped out at 1408.75 considering today's p/a? TY!

Long 1410.25 again, stop as before 1408.75 +/- 2/3 scaled out +3

2/3 scaled out +3.75 1/3 b/e on entry

<img src=http://www.estvideo.com/dew/images/2005_07_21_shrek_cat.jpg>

Regarding this rule of hard stop, I would have thought that asking posters to finish a trade is a more decent thing to do than asking them to use a hard stop when they don't use them all the time, it's not going to hurt by slapping on an extra 0.5-1 if & when required. Is it still OK to scale...