YM Traders
- Thread starter volente_00
- Start date
Damn, the YM gapped down, again! What a bad month for the MRC...
Again, in short, so far it looks like you are much better off buying at 7 am. I explained it in the previous post.
I knew you would say "I am holding it into the day", and I already explained it, that is not overnight action if you are counting on the day's rally. Just buy in the morning when you get up...
Today we actually have a chance to have the runaway gap, we shall see.
That the MR worked last year most of the time? I explained it too, most worldmarkets had a good year....
If you bought at midnight you are long at 11068 and are suffering a huge 12 point drawdown. Now MRC will be a failure if YM does not go above 11068 today if a failure is what you consider going 3 for 4 with the last MRC trades. And I agree MRC probably does not work good in a bear market, but one unique quality is when DOW closes LOD, it almost always is a sure loss if you hold a short into the next day from that close.
sold half my long from 11019 at 11057 avg..
stop at 11019 on the rest.
Target is still 11200 ish .
Go T day !
stop at 11019 on the rest.
Target is still 11200 ish .
Go T day !
WTF ???????????
THE KING OF MRC NOW IS CHANGING HIS MIND ??????
NO RISK NO FEAR FREE $$$$$$$$$$$$$$$$$$$$
DAMN! I am good. For the record, the downgap hasn't been filled so far and we are down 70-80 points.
OK, I am not going to rub it in, but how is a member of the MRC supposed to play a runaway gap??? I assume at one pont you have to take the losses.... Oh, I forgot, you guys can hold it forever, until the market turns around...