Discussion in 'Journals' started by Buy1Sell2, Dec 23, 2016.
not united airlines?
Good question Buy1 Sell2. Many turtles made millions, with low% hit rate, huge leverage, big trends.I like big trends, leverage, +cash markets....measured by 50 day moving average, ema. But sometimes we [ including you, i noticed]get on HI %%win streak. An Australian trader warned '' never confuse a HI probability with infallibility ''[ prediction] . NOT a prediction
I would have gotten my inital limit sell overnight at 2356.00 but saw some activity that caused me to raise the sell to 2375.00 and now we are back at 2342.75--Happens sometimes---
I should not have typed so fast LOL. IBD website has yesterdays close of SPY, 50day simple, slower moving average looks like below 50 day moving average?? Based on APRIL 11 2017 close, of SPY. BUT i use 50 day ema mostly, its still up-trending, more than 50 day simple ma ; i know many like sell to sell in MAY-Hey.
I do know most of S&P 500[SPY] managment is NOT as dumb as TGT stock ; TGT is still in a good bear market downtrend, below 50 day sma, below 50 day ema, 200 dma......
Looks like a decent day trade buy here in this 2340 2341 area
Stop at 27 would seem to be the right placing
What is very interesting to me is the up-move that will start anytime from this afternoon til Tues and will last a couple of weeks. That will play an important part in my longer term analysis of ES. --We'll see how far it takes us---Ishmael
long 44.75, stop 40.75
15 min chart? Isn't your stop a bit close and in the noise?
This was our seventh visit to the 2340 area. It may be strengthening. Let's see where the day ends up.
Separate names with a comma.