YM Traders

Quote from lilduckling:

no blood for me... like i stated in another post... im short over the weekend in a big way. Blood only for perma bulls.
More...


Question though,
Were you short from the morning
or were you short from the afternoon?
 
Quote from coolweb:

Question though,
Were you short from the morning
or were you short from the afternoon?
More...

Short in the afternoon..... I got stopped out in the morning from being long. This will be my biggest trade ever.... will be a swing trade....will hold for the entire week or weeks... my stop is 1215.50.

ES is done. According to my Frankenindicator, we will not see YM hit 1315 the rest of the month. I am expecting a retracement.... but overall the party is over for bulls.
 
Quote from lilduckling:

Short in the afternoon..... I got stopped out in the morning from being long. This will be my biggest trade ever.... will be a swing trade....will hold for the entire week or weeks... my stop is 1215.50.

ES is done. According to my Frankenindicator, we will not see YM hit 1315 the rest of the month. I am expecting a retracement.... but overall the party is over for bulls.
More...

Few things you should know,

We can be going down, but YM can also retrace todays losts + yesterdays lost, and we would still be going down,

You will sit through that pain if that happens.

Going short on the afternoon, you can only hope that price will continue to drop

because there is probably a 75% chance of price retracing to your price and even higher to clean out the shorts before heading down more.
-----------

With that being said, its more likely for price to retrace for 1 or 2 days before heading down more, Its not likely for price to head straight down for a 3rd, 4th , 5th day

do notice NASDAQ is on its 4th day of RED
do notice NYSE is on its 2nd day of RED


Extremely good chance of $COMPX to do a booyah upwards before heading back down.

If you are going to bet large on indexes, you need to bet @ the open instead of the afternoon.

The problem with indexes are, They will retrace you, always.
Profits can not be "swinged" easily unless you short at an extremely top.

Profits need to be taken quickly espically during a sharp drop. The faster the drop, the faster the need to take profits.
 
I agree we will definitely get a booyaahhh retrace... but it wont be in the morning... we will get a shake out first.... for the stubborn bulls still hanging on. Then we will get that retrace that you speak of to shake out the bears before the journey downward

If we do retrace past 1315.... then am out of the game and will leave this board.... in shame. (and penniless) :cool:
 
Pretty brave move not taking something off down at these levels.......nothing like seeing a hundred handles ripped in your face...damn painfull.Do you have a price objective on this conviction??
That being said,i think you`re right on not seeing 1315 anytime soon......i was able to get off 8 cars on the YM @ 11699 on that FOMC spike & was determined to hang on for at least 150 handles but did`nt like the close @677 & was able to scale out next day all the way down to 11605 & as usual...had a bad case of the "covering remorse".I`ve been waiting for this sell off for a while & good for you....gravity was bound to kick in with these extreme levels of bullishness...................best of luck,you gotta have some serious stones to still be hanging in.....that sling shot is pulled back tight right about now!
 
I made a significant discovery:

When the markets are down at least -50 pts from the close of the previous day........and are still trading....

........then at 3:30 AM there is a 65% chance for a huge, & powerful reversal rally up that is worth at least 30-50 pts.

I would like this great discovery to be named: R33 (Ripley's 3:30 Reversal Rally.)

edit: R33 would be the better name. R33 (3 Rs 33 for 330 (0 is omitted because it has no value)
 
You must log in or register to reply here.
Back
Top