The General
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CJ,
What do you think for today old mate ?
What do you think for today old mate ?
The General
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CJ,
What are your thoughts champ ? Don't worry abt the petty argument of late - let your analysis do the talking....
What are your thoughts champ ? Don't worry abt the petty argument of late - let your analysis do the talking....
I must get me one of your crystal balls
My view on the market is sell in to strength a good place to sell next week is 10380 to 10420. I see it going to 10100.
Spot on CJ,could we see a possible bottom for the market at this point or is there more downside to come,would be very interested to hear your comments.
Thanks Llew
My view on the market is sell in to strength a good place to sell next week is 10380 to 10420. I see it going to 10100.
Spot on CJ,could we see a possible bottom for the market at this point or is there more downside to come,would be very interested to hear your comments.
Thanks Llew
Hi Llew
As you see I don't post much anymore. But I will form time to time, You ask my view on the market.
I would keep selling the Dow till 10100 is broken i would then go long till 10300 sell half of the position at 10200 and move stop to entry, nice round numbers for you to watch,
CJ
As you see I don't post much anymore. But I will form time to time, You ask my view on the market.
I would keep selling the Dow till 10100 is broken i would then go long till 10300 sell half of the position at 10200 and move stop to entry, nice round numbers for you to watch,
CJ
The General
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I'm guessing hes saying he is now long then ??
The General
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Or maybe (after reflection), keep short effectively with 10100 as the sop and reverse......
Yeah, that fits better
Yeah, that fits better
The General
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Jeez,
I got summut right for once !
I got summut right for once !
Hi
I only pop in form time to time, but for the Dow trade i said look to go long at around 9888 to 9910 IM long from 9926
Nice entry llew at 9906 what I would do now is, sell half of you position and move stop to 9984, and ride it till 10200,,possible then 10300 i let you know.
A few days back i also said go long at a break of 10100, This trade may be more risky now at this level with the run up we have had plus i don't like the price action in the nasdaq we could get a pull back to 10025 level AND THIS WOULD A. GOOD PLACE TO BUY. STOP JUST A LITTLE UNDER 9984
Good luck
CJ
I only pop in form time to time, but for the Dow trade i said look to go long at around 9888 to 9910 IM long from 9926
Nice entry llew at 9906 what I would do now is, sell half of you position and move stop to 9984, and ride it till 10200,,possible then 10300 i let you know.
A few days back i also said go long at a break of 10100, This trade may be more risky now at this level with the run up we have had plus i don't like the price action in the nasdaq we could get a pull back to 10025 level AND THIS WOULD A. GOOD PLACE TO BUY. STOP JUST A LITTLE UNDER 9984
Good luck
CJ
Had to get out of the kitchen
I bailed out yesterday ,got a little nervous at the break of 10,000 ,to bank in some needed profit,will look into jumping back onboard after the next pullback.Still trying to get used to holding overnight,not very easy at this moment.
Thanks cj
I bailed out yesterday ,got a little nervous at the break of 10,000 ,to bank in some needed profit,will look into jumping back onboard after the next pullback.Still trying to get used to holding overnight,not very easy at this moment.
Thanks cj
LLew, personally i think u should have moved ur stop higher on Tuesday to lock in about 100+ points....... i hope u got in again when it broke 10000 again yesterday.........it's all about discipline and patience at times esp when u r swing trading..
I'm more at home with daytrading and scalping and just progressing slowly to swing,it does awaken some different emotions when holding overnight and i'm working out a solution to try and come to terms with these,especially wanting to take profit quickly.Patience is something i am not the best at,what i can see that it requires a lot more patience and trust to stay in a swing trade.I understand that different characters find different trading styles easier than othergrubs50 said:
styles of trading and i'm just trying to get used to the feeling of a swing trade as i progress to hopefully an all round trader.
Thanks for your feedback,i'll look to join again after the correction today.
Llew
llew,
I too used to bite my nails and get out before end of day because I had no faith and therefore missed out badly on profits.
I now have a basic rule. Nothing above £2 per point left overnight. For everything else I watch the screen like a hawk.
I make more ticks from the former. That's probably because I'm still unskilled. By watching the screen closely today I managed to miraculously turn a twenty tick profit into a ten tick loss.
I too used to bite my nails and get out before end of day because I had no faith and therefore missed out badly on profits.
I now have a basic rule. Nothing above £2 per point left overnight. For everything else I watch the screen like a hawk.
I make more ticks from the former. That's probably because I'm still unskilled. By watching the screen closely today I managed to miraculously turn a twenty tick profit into a ten tick loss.
