3-sigma moves can continue at 3-sigma for quite a while. Big moves typically oscillate between 1-sigma and 3-sigma as they progress.
In AH @0254ET, short at 1427.50. @0337ET, covered at 1423.25 for +4.25. Sack time. :)
I'm sooo jealous. I'm supposed to be in there wit ya.
Crap. Out of short, half at 1419.50, other half at 1417.50. Didn't want to do that, but my DOM locked up at the strategic moment. Gotta get me a...
Short from 1424.50 at what I hope is the top of this pop. Now, please drop! :) (So I can tighten my stop.)
Wedge? <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1693114>
You're kidding, right? <a href=http://www.elitetrader.com/vb/showthread.php?s=&postid=1672988#post1672988>See here.</a>
Which do you consider more likely? 1438 or 1415? (I mean "next"!)
I've got no complaints about the morning. Made 2/3 of my daily goal in the first hour. It's the mid-day that's killing me. :) (Well, not really...
Kinda figured you wouldn't hang in there after that retrace to 1421... They're just not handing out any good setups now, are they?
Okay, now I'm officially confused. :) Obviously, they're having a big argument about whether or not to give Apex his 1432. Is there an...
Moment of truth? <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1693022>
Ooh, nice neckline, ma'am! EDIT: So much for the H&S. :(
Shoulder...head...??? :)
Crumbs off your table, You'll never notice they're gone. :)
You mean like a double top at 1428.50? :) EDIT: Oops. Better make that a H&S. :) EDIT: Wyckoff thrust? (Oh, the possibilities are endless!)
I think I lost track of your position, Apex. You net long, flat, or what right now? (I'm daytrade flat, swing short.) I try to be an...
Doesn't feel right. Out at breakeven 1424.00. Regrouping.
Short from 1424.00, 1/2 position, close stop.
Wouldn't that be Apex's 76% thingie? :)
Separate names with a comma.