J Jahajee Dec 5, 2008 #49,631 lost 3.5 points on that impulsive short trade looking for another short trade. Not trading long today.
lost 3.5 points on that impulsive short trade looking for another short trade. Not trading long today.
Lawrence Chan Dec 5, 2008 #49,632 Quote from smilingsynic: Why the shorts? Market opened weak, gapping down on bad news, but just took out day's opening range highs. In my book, that's bullish. More... Yes ... that's why I asked those who wanted to short wait a bit. Selling a blow off top at least can get out at a better price. Once the IHS was completed at 11:45 this morning, I don't see any reason to go short until the buying pressure is gone.
Quote from smilingsynic: Why the shorts? Market opened weak, gapping down on bad news, but just took out day's opening range highs. In my book, that's bullish. More... Yes ... that's why I asked those who wanted to short wait a bit. Selling a blow off top at least can get out at a better price. Once the IHS was completed at 11:45 this morning, I don't see any reason to go short until the buying pressure is gone.
Pekelo Dec 5, 2008 #49,633 Quote from dmartin: Changing my buy to around 817 for the other half of my position. More... LOD was 817, did you get in??
Quote from dmartin: Changing my buy to around 817 for the other half of my position. More... LOD was 817, did you get in??
Lawrence Chan Dec 5, 2008 #49,634 Quote from Jahajee: lost 3.5 points on that impulsive short trade looking for another short trade. Not trading long today. More... 48-58 sell zone.
Quote from Jahajee: lost 3.5 points on that impulsive short trade looking for another short trade. Not trading long today. More... 48-58 sell zone.
BoyBrutus Dec 5, 2008 #49,635 Quote from startraitor: And I honesty can't see a head and shoulders. More... Look hard Attachments hns.png hns.png 579 KB · Views: 143
S startraitor Dec 5, 2008 #49,637 exit 42 on 1/2, stop to 47.50 Quote from startraitor: add 50.50, stop over 53 now. More...
S startraitor Dec 5, 2008 #49,639 exit last 39.25 and done. Quote from startraitor: exit 42 on 1/2, stop to 47.50 More...
S saliva Dec 5, 2008 #49,640 Great, stop triggered at 48. Stop above 51. If this doesn 't pan out, then I'm done for the day.