YM Traders

Pek I don't see where it gapped up 15/20 points and then went higher to make the top. You went long because I think you expected it to go higher than it did. I don't see where this is 2 out of 3 perfect calls. However, I am glad you did make a few points. I warned about going long and also said the market was weak. So far it has been just that. Weak. But as we all know strenght can come back in any time. But when it does the tape will show it:)
 
Quote from pinabetal:

Pek I don't see where it gapped up 15/20 points and then went higher to make the top.

I don't see where this is 2 out of 3 perfect calls.
More...

It didn't, that's why I wrote, "not exactly true". So I didn't get right that one, that's how we get 2 out of 3.

My strategy was correct, I just didn't stick to it. The idea was to go long at the close ( around 11000 for YM), hold it until at least 9:45 (the top was 11025) and go short from there and wait for a 20-30 points drop, which happened (10990).
So with 2 trades, I should have made about 20+ 30 points, if I had stuck to DA PLAN....
 
Quote from lilduckling:

Dont go wandering off too far little bears......
There be mean bulls just below this level..... lurking...waiting....
More...
Yes indeed. Some strenght is coming back in and more may do so even more before the close. Just have to wait and see if it will end up bearish or bullish.
 
Quote from pinabetal:

Careful going long on Ym. The market is weak for 1/13. Should make a lower low.
More...
Don't mind if I do too satchel! Well, here was my warning. It did just this. Nevertheless, it could end the day with strenght coming back in and that would be bullish for monday or it could end weak and that will be bearish for monday. Only time, price and vol will tell the story, so we have to wait, watch the price and analize the vol.
 
You must log in or register to reply here.
Back
Top