Indeed I do thanks for the correction. When I'm in a rush all sense of correct use of language goes out of the window!
Indeed I do thanks for the correction. When I'm in a rush all sense of correct use of language goes out of the window!
dc2000
Veteren member
- Messages
- 4,766
- Likes
- 129
nice charts and nice to get an insight in to anothers trading are you realy as calm as you make it sound
Entered one long but it hit my stop. Going to wait it out for a bit until we see a definite direction.
Well, I entered a short (1308 at 5020,8) and that hit my stop, as well!
Lol. What a rollercoaster of a day! Another long at 5031 hit my TP at 5046.
What did you see that I didn't? I thought that that area was well overbought. Of course, I'm not, really, scalping like you guys, I try for a little bit longer.. I'm just following your thread.
Dick Lexic
Veteren member
- Messages
- 4,954
- Likes
- 124
dc2000
Veteren member
- Messages
- 4,766
- Likes
- 129
"turned out nnice again ant it" in best george formby accent
still have my long positions which is very comfotable for me I may trade with a short cover intraday but for now Im just watching it do its thing I would like 50k off this trade then Im offski
still have my long positions which is very comfotable for me I may trade with a short cover intraday but for now Im just watching it do its thing I would like 50k off this trade then Im offski
Retraced back to just above the 10 ema and I hit it on momentum.I use a 3 minute chart and aim for 15 points. Just entered again at 5077, TP hit at 5092.
Compared to a swing or position trader, I probably look as calm as a 4 yr old who needs a wee! But for me, I was relatively calm this morning. As a short term trader, I have to make a lot of decisions very quickly and pack it all in to a short period of time. I was done by 9:30am and had made 90 pts. The majority of my trades were under 2 minutes long! My biggest winner was 13 pts, and my biggest loser 5.5pts.
Dick Lexic
Veteren member
- Messages
- 4,954
- Likes
- 124
2009 Fib level 5089 back on the map
Martin, many thanks for this. Good to get your thoughts on it.
Dick Lexic
Veteren member
- Messages
- 4,954
- Likes
- 124
s&p needs to get over 38/39
Haven't seen one of these for a while, but it has been a one way day. Very strong buying first thing, and confirmation came by way of the 1 minute candle at 8:29am, which was a strong pushback off a down move. It was also the third highest volume 1mc of the day.
One way days, rarely retrace more than 23%, and is made up of lots of small candles on the 5 min chart. One way days make new highs steadily throughout the morning.
I have a target of 5178.5 the next pivot up, or 5193.5 which is my next level up. I would not be surprised if they didn't get hit as it is already 12:20pm and a lot of this rise is already in the price. How much of this rise is due to the news from Libya is hard to tell. My guess is that the US will also open up relatively bullishly on the Libya news, and this will set us up for a reality check tomorrow. We have a load of manufacturing data released tomorrow, and all I can see is lots of disappointment and a big red day. But I will try not to have a bias and trade what I see.
One way days, rarely retrace more than 23%, and is made up of lots of small candles on the 5 min chart. One way days make new highs steadily throughout the morning.
I have a target of 5178.5 the next pivot up, or 5193.5 which is my next level up. I would not be surprised if they didn't get hit as it is already 12:20pm and a lot of this rise is already in the price. How much of this rise is due to the news from Libya is hard to tell. My guess is that the US will also open up relatively bullishly on the Libya news, and this will set us up for a reality check tomorrow. We have a load of manufacturing data released tomorrow, and all I can see is lots of disappointment and a big red day. But I will try not to have a bias and trade what I see.
