B1S1 keeps a very clear update on his stop placement, sort of disrespectful to ask him, hey! where is your stop ? FoN
Why did not anyone tell me to stick to my initial stop? You guys are mean 1/2 gap complete here @ 75. Not sure what the rest of the day will bring, but perhaps we`ll close the rest of it tomorrow.
I see you are in good spirits...If that chart says short'em now, then I agree with it. hehe I'm going to atticus thread, I don't want to hurt feelings any more. We all got something to learn from LF, 101 days in the game and he's beating most of us hands down...without averaging of course...:eek: What happened to iloveoptions? He ran out of options or what?. hehe
"An important point is that trends last much longer than most traders would ever imagine. Because of that, most reversal patterns fail and most continuation patterns succeed. Most trend channel line overshoots and reversals are minor in a strong trend and fail." - Al Brooks Today was basically a continuation of the strong trend that started yesterday. When a trade starts to look to good to be true, I`m starting to think it may be a trap, but it seems like everything is set for a gap fill above at your target area tomorrow
5% drop in AAPL should put NQ value around 2129 from its close. So it looks like we are a little overdone on the selling, but then again, 3 day rally is not something you buy ahead of day four without confirmation.
Going to amend that to 2123, resistance so far on the bounce after the initial sell. That lines up better with 15% of NQ and a 5% drop in AAPL. If we start moving back down below 2115, it could tell us that AAPL might sell more than 5%.