Inventory Grab Alert 4/30/09!
- Thread starter AMT4SWA
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The delta divergence from the 14th to today was negated after my initial SHORT entries....so one of my rules if this happens, is to then thin out the trade and go into a defensive mode. I will thin out 1/6'th of my 901.25 and 3/6'ths of my 898.00 entries at 896.75........I will then cover all 896.75 entries and 1/6'th of my 898.00 entries at the 895.75 price level. My next level I have set targets is now at 893.00 where I will cover the remaining 898.00 entries, and then I have also placed a target at 891.25 for 1/6'th of my 901.25 short entries.
I will set additional price targets latter as I see what plays out with the order flow.
Thanks for the breakdown of your trade management. It makes a lot of sense and you should still end up making a nice chunk of change if it all works out.
Just wondering, what is the worst case scenario in this situation. If price never even hits your first target of 896.75 and begins to make new highs... at what point do you call it quits?
Just wondering, what is the worst case scenario in this situation. If price never even hits your first target of 896.75 and begins to make new highs... at what point do you call it quits?
Quote from AMT4SWA:
The delta divergence from the 14th to today was negated after my initial SHORT entries....so one of my rules if this happens, is to then thin out the trade and go into a defensive mode. I will thin out 1/6'th of my 901.25 and 3/6'ths of my 898.00 entries at 896.75........I will then cover all 896.75 entries and 1/6'th of my 898.00 entries at the 895.75 price level. My next level I have set targets is now at 893.00 where I will cover the remaining 898.00 entries, and then I have also placed a target at 891.25 for 1/6'th of my 901.25 short entries.
I will set additional price targets latter as I see what plays out with the order flow.
What level are you looking at for CD divergence? I have positive divergence of +15k @ 900 From 5/13 and negative divergence of -30k @ 896 from 5/14 (but trimmed to -17k later on as price went up towards 900).
D.
Price traded through 898.00 to 897.25 and missed my target at 896.75 so I had to cover all 898.00 entries at b/e on the price advance back through that level to manage position defensively.....price continued to rally up to 901.25 and I covered those positions at b/e to look for higher entry fills. I have entered a new level now at 903.50 with the intraday delta divergence we have in place......my first target will be at 898.50 with my next target at 895.00 (all 896.75 entries will be covered at 895.00 and I will be covering 1/6'th of 903.50 entries at 898.00 and another 1/6'th at 895.00). I will set additional price targets after any fill at the 898.50 price level.Quote from AMT4SWA:
The delta divergence from the 14th to today was negated after my initial SHORT entries....so one of my rules if this happens, is to then thin out the trade and go into a defensive mode. I will thin out 1/6'th of my 901.25 and 3/6'ths of my 898.00 entries at 896.75........I will then cover all 896.75 entries and 1/6'th of my 898.00 entries at the 895.75 price level. My next level I have set targets is now at 893.00 where I will cover the remaining 898.00 entries, and then I have also placed a target at 891.25 for 1/6'th of my 901.25 short entries.
I will set additional price targets latter as I see what plays out with the order flow.
I continue to hold previous 926.75 short entries with the stop at 925.00.
I'm short with you too AMT. Great divergence setup. Let's see if the bears can follow through this time!!!
I had to cover positions at b/e 903.25/903.50 as price traded back up to my entry levels from a low pivot of 901.00....I have now entered a new position at 908.00 and have placed my first target at 902.00 (where I will cover 1/6'th of position)....I will carry all positions into the AH session. My next lower target is set at 896.00 where I will cover another 1/6'th of my 908.00 entries and all 896.75 entries. I am still holding my remaining 926.75 entries with the stop at 925.00.
I have placed an additional level of positions at 908.25 here to increase overall position size......will hold all positions into the AH session. I will cover 1/3 of these second fill added 908.25 entries at 905.00 and 1/6'th of these added entries at 903.00, with the last 1/6'th of these added entries targets at the 901.00 price level. My first set level of 908.00 entries targets remain as previously set.
The up trend today was quite strong and the close was also strong. I do not see a good reason to go short right now. The action will most likely test 910-912. Why short at 908? Your target is 902 so 2-4 point matter to you. How about wait till the action hits 910-912 to see how it behaves?
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