I want to bet the farm

[romik]

I am going to swing trade this index from now on.

 

[romik]

I am 'hopeful' (a lot of traders don't like that word) that I haven't overheld this one. Holding position.

 

[noddyboy]

I am 'hopeful' (a lot of traders don't like that word) that I haven't overheld this one. Holding position.

Remind us what you are holding again?

 

[romik]

Remind us what you are holding again?

Nikkei from 20,000

 

[romik]

Fuck it, put a rather big wager on Nikkei (via a spread bet) sold 20,050, stop 20,400

 

[noddyboy]

Sounds like a great trade

 

[romik]

Sounds like a great trade

My preliminary target was 19,000 as on the chart posted and in fact the index went down to 19,040 via futures linking (spreadfirms do that), but I failed to take profit there.

 

[Visaria]

It was one of those great trades where you enter and it doesn't even go 1 tick against you, screwed up the exit in that i saw a big profit so took it even though i like to hold overnight at least...not good when a perfect trade is bungled like this.

if I had kept this (short june bund) for a few more days, I would have made a small fortune.

 

[romik]

Fuck it, put a rather big wager on Nikkei (via a spread bet) sold 20,050, stop 20,400

Oh well, markets seem to be breaking out, so stop lowered to entry of 20,050. Even though this may not work out, I will still be happy with:

1) I had a good entry;
2) Divergence based signal almost reached my target, so close!
3) Divergences taken in opposite direction of a trend run out of steam sooner than the ones in line with trend (retracement based);
4) I am not going to lose money on this one.

 

[romik]

Trade stopped out at entry price. Entry was spot on, price came in so close to target and reversed. This is the issue with selling an uptrend, profit has to be taken before target's been reached.