Also advancers are now starting to roll over, hey this just may work, keep an objective perspective!
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Sorry no crash today, BUY THOSE DIPS!
- Thread starter michaelscott
- Start date
Also advancers are now starting to roll over, hey this just may work, keep an objective perspective!
Quote from trickshot:
A few days of chop does not make the index whippy. You ought to try trading the hang seng if you think the dow/sp is whippy.
Maybe whippy wasnt the correct term.....but it does move around enough at times to take advantage of both sides. I guess it depends on your time frame.
Never traded Hang Seng.....traded the Nikkei back in early 90's when it used to have huge swings...now that was fun....I miss yelling at the brokers on the floor over there who tried to routinely screw me over.
Quote from myminitrading:
Ok lets do this for the sake of argument, closing out long at 12873, flat no profit.
The daily charts are pegged 14 day RSI 70, in my book thats overbought.
The Dow is now up what is 14 days out of 13, looks like an excellent short right here, today is Thursday, bull may pull some profits late today and tomorrow.
Lets enter a short 12870, bingo!
NO NO NO...you aren't allowed to short....you are blowing my whole argument to pieces !
What happened to "cant lose buying"
You are starting to act like a real trader now..stop immediately.
I am waiting to see what happens if Sp's get back up to 1484 area to short again. Have positions in other mkts so am not exactly in need of putting on more positions....but will definetly get involved up there on the short side.
Quote from myminitrading:
Ok lets do this for the sake of argument, closing out long at 12873, flat no profit.
The daily charts are pegged 14 day RSI 70, in my book thats overbought.
The Dow is now up what is 14 days out of 13, looks like an excellent short right here, today is Thursday, bull may pull some profits late today and tomorrow.
Lets enter a short 12870, bingo!
Adding one more short @ 12880 maybe if it gets their, will place stop @ 12906.
Quote from EPrado:
Yes...right now it is. One of the main reasons when on the short side I dont go for a huge gain. But....at some point things will change and one sided guys will get crushed. Usually its way too alte when they figure it out.
I find it funny how you now claim to just add onto losers...use no stops. The same strategy that blew you up.
I guess ya will never learn. Good luck with it.
That did not blow me up I took my loss like a man 2600, or something, and guess what it roared right back and would have made 2600, so you live and learn, who cares.
Quote from EPrado:
The man part is questionable.
Nice pick off of the ym's at the top.
questionable I have been married for 19 years and have two kids 9 and 16, being a father is one of the greatest things on earth. A blessing from god.
Oh good this trade is making me some change, now @ 12852, humm wish I would have gotten two lots, crap.
Will bail right here 12853 thanks!
Going long 12850