L
Lance Carson
Limit Buy 1438.50
Quote from apex82:
For today... Still looking for another move down to test the 1430-1431 area. It would be nice to see it tested early in the morning.
in this quote, you said you will be getting long "there"...does this mean will be going long at 1431...because then you mentioned you would be getting long at 1425-1427... (where do you plan to sell?)
I will be getting long there and at 1425-1427. I will be looking for a move up 1464 area for first profit target and the 1480 area for a second profit target.
If this market just blasts off we could easily have a trend day to the upside.
-Apex
Quote from z32000:
When you say, this...are you saying you won't be in the market until it moves to 1431 at this point you will go long?
Yes, as far as large size trades. I do have some scalps I do throughout the day but they are primarily on the er2 and it would be to much to work to post them.
in this quote, you said you will be getting long "there"...does this mean will be going long at 1431...because then you mentioned you would be getting long at 1425-1427... (where do you plan to sell?)
Yes I will be getting long at both zones. I plan to sell when it gets up to the profit target or if I see conditions changing that warrant a different exit.
when you say blasts off...are you saying that if the market goes straight up from open it would have a trend day? could you also please define "trend day"
Yes.. the market is in the position to explode to the upside. By trend day, I mean those rare days that come about 3-4 times a month where the market just cuts through all sr levels in one direction. It opens and doesnt stop moving in that one direction.
I am just patient for my high probability low risk high reward trades. Sometimes I will miss them due to my strict guidelines... but when they work out, one trade can make a good year.
I'm sorta learning as I go....just trying to learn from the pros...thanks