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Jumping the gun entering short here on the retest at 1526 stop 1 ticks above the high.. Trade is small size.. we may still get up to the zone I just dont want to miss the move and there is cfs coming into the 1526 area as well.

Getting close....

I always trade with conviction... scared money always loses. Place your trade, manage your risk and accept your loss if you are wrong.

Most likely a few days... dont really care how it gets there.

Have orders to get short at 1527.50 with a stop at 1529. Target 1 is 30pts below the market. Going to go make myself an omellete as well.

yep stopped out at the high tick of the day.....lol Reentered short at 1522.25 on this run up stop above pivot at 1424 This is my last entry on this trade. If stopped out will wait for 1427.50-1428 EDIT: There we go, stopped again. Now on sidelines for awhile. I know not to...

Not to crazy about this trade as huge buying demand came in.... But I am not trading with my emotions, I know I have a positive expectancy so I have to stick with my guns. You can tell I already pretty much know that I will be stopped out but have to stick to my plan. I dont usually trade...

ya.. quite a rally eh. Option expiry and the monday following are great days to take off. The odds of a sustained moved today are slim to none. I am still short from 1521.25-1521.50 stop is at 1523.75 If stopped out will watch the 1527-1528.50 area very closely

British Columbia, Canada

Yep... an hour before I hit the sack and then up at 4:30 am every morning for 2 hours of prep before the day starts....

This is why I always do what my trading plan says.... lol Nice trading today now 6.5 points in the money with 1 tick of heat and counting... remember profit 1 is 30pts :) If thats not freight train trading I dont know what is....

I agree I look crazy shorting this... no doubt about it. That is why I am going small size and know that the better short will probably be tomorrow. Markets look really bullish here but I have to follow my trading plan A move below 1515-1516 would confirm the reversal

Its one of my favorite countertrend setups because the risk/reward is mimimum 1:10. But that means you are not going to get 90% odds.. I strive for 60% winners with this setup.

Dont blindly sell into this late in the day.. I am but thats cuz I have some cushion and doing small size. Best to wait for some confirmation because if this holds it will be for a big move and plenty of profits can be made.

Profit 3 hit and filled 1520.50 +7.5pts Now starting to dab short for a home run to the downside small size Stop will be at 1423.50 if stopped out due to running stops will probably reenter tomorrow.

where would you place your stop.... 20pts away?

I wouldnt say im bullish but im just playing with house money at this point. I am not throwing in the towel until its breaks below my breakeven stop at 1513.50.

I dont look at in terms of margin. I use net/DD. The managed accounts are a pool of money.

#3

I cant make the market do what I want.... all I can do is manage my risk.. that is the best edge there is.