robster4 said:added to short at 1172
could possibly hit 1174 so stops with room above there
thereagain...!!!! stops lowered to lock in profit again
That looks like a mega call you just made there Rob
robster4 said:added to short at 1172
could possibly hit 1174 so stops with room above there
thereagain...!!!! stops lowered to lock in profit again
mofo said:Without giving too much away, were you basing your entry here on a 50% fib retrace between 1168 and 1172? I was just curious since things looked heavily oversold to me at your point of entry ?
Thanks
robster4 said:Not really - and to be frank I should have waited a bit longer...
I'm not going to complain about a profit, but I'm glad I got another shot at 1172 - I actually didn't intend to day trade today but it's working out pretty nicely considering it's just going rangebound.
mofo said:Gotcha, understand now thanks. Just interested as since its rangebound, the simple stochastic 14,3,3 is also calling the tops / bottoms on the button so far
mofo said:That looks like a mega call you just made there Rob
robster4 said:I don't use stochastic.
MM has an emphasis on time. Price comes secondary to that.
robster4 said:thanks mofo...
I wouldn't be surprised to see us hit a new low (for the day) before the end of the day
FetteredChinos said:looks like programme buying/selling...?
offloading posns bought yesterday perhaps?
robster4 said:short again on the bull flag at 1165 - tight stop at 1166.9 - this could be the final move before we climb back up later on or early tomorrow
tonym said:Hi
You seem to be trading the s+p very well with the system, the retails sales numbers were very strong today but stocks were still hit hard. Have you tried the systenm day trading foreign exchange
Regards
Tony
robster4 said:as i was saying to ferrari earlier, mm has profound implications elsewhere in life, not just trading.
..........
rob
robster4 said:Peter
Personally, I'm looking at today or tomorrow. 1181 or 1185 on the S&P for a short. Watching closely and trying to time it to perfection! I wouldn't be suprised to see a retrace early today before one final push up to those levels.
Rob