if sellers don't step up soon, DEMTDAYBOYZ are going to print 22
ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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Quote from Rashid_G.:
Who needs a stop when the market is definitely going up..?
As long as you can handle the heat to 1069 cash when they do decide to fill the gap
We are on the high end of the range here and spy options indicate a move back down to fill those gaps.
I'd put a top on cash at 1140, with 1130 being more likely before this happens.
Problem is that we can be topping (I do not know but it is quite possible). Even island reversal is real danger.
I am using "averaging in" strategy myself, but retacement somewhere
to 60-70 area is well possible, it will be no black swan.
Keep position during 70 point retracement looks to me by daytrading a bit contraproductive.
We can break up, thats true. But in such case we will go as minimum to 45, even more probably to 60. It will be enough time take part of that movement AFTER it will start. We are just bellow serious resistance and I do not want guess if we have or have not enough fuel break it.
I am using "averaging in" strategy myself, but retacement somewhere
to 60-70 area is well possible, it will be no black swan.
Keep position during 70 point retracement looks to me by daytrading a bit contraproductive.
We can break up, thats true. But in such case we will go as minimum to 45, even more probably to 60. It will be enough time take part of that movement AFTER it will start. We are just bellow serious resistance and I do not want guess if we have or have not enough fuel break it.
yawn.
At the risk of missing a move, I'll keep my couple points and call it a day. Would love to see a "no change" close.
GL all.
At the risk of missing a move, I'll keep my couple points and call it a day. Would love to see a "no change" close.
GL all.
last chance for DEMTDAYBOYZ to get green
lil h&s got em
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