YM Traders

blackguard · Sep 23, 2005

I think there is a very good chance we get a spike move up of about 30-40 points before the close today.

same sort of thing that happened yesterday afternoon.

been trading long enough, I can feel it coming....

blackguard

djxput · Sep 23, 2005

I agree with you' but right now I think were trying to decide if were going to have a pullback to some support ie the 10424 level then bounce from there

blackguard · Sep 23, 2005

I received a PM from somebody asking my time horizon. It is multi-day.

as for profit target....maybe 40 points.

blackguard

djxput · Sep 23, 2005

Blackguard,

my question is do you think for the past 2 days we have been forming a upslanting wedge on the 15 min chart or a dbl bottom.

I mean it could go both ways; ie wedge looks more likely to me but the dbl bottom looks promising also

what do you think?

djxput · Sep 23, 2005

we might be going for that 40 point move now Blackguard

blackguard · Sep 23, 2005

djx, I don't play it that way. But I was bullish.

I bought at 10447

sold everything at 10469 average. trade closed

blackguard

djxput · Sep 23, 2005

now its decision time breakout or wait or pullback

djxput · Sep 23, 2005

bought in again at 478 (little risky) but want to see if we spring from here.

I figure if we make it past 490 were good to go if not then we might be forming a wedge

I dont know if I have the gumption to short just yet thou have to see what pans out

djxput · Sep 23, 2005

im out at 477 -1 dont like being in there at the top of a trendline with not a clear signal yet

Learner · Sep 23, 2005

Quote from volente_00:

Shorted at 10449

20 point stop

Quote from volente_00:

Covered half at 10442

Stop at breakeven on the rest.

Volente 00,
Now we know it is a bad trade(not a good trade). Veryone made bad trades nothing to be shamed of making mistakes in trading. But now can you share with us what's the facts made you decided to short at 10449?

Please.

Learner