Out @ 1335. -2,0. Not a good day and not the best start of the weekend. Why did I not take those 2,5 points? Oh well, I should still have some nickels to buy some mojitos. Good weekend everyone!
Yes, still holding that one. Should have waited for a pullback like icfedpeople does, but I thought they were breaking out for the next huge rally. It'll happen sooner or later. But i've managed to take a few smaller wins on the ES in the meantime (theoretically improving my average), and the 220ticks made today on oil definitely softens the blow! (trades were posted live) ps- your trading appears to be going great. Keep it up. What is you style in a nutshell? I've seen you mentioning the TICK before and gap fills etc. Your entries are often very nice.
Thanks. I admire your courage though The bulls in this thread have without doubt made a killing, but one day that last dip will actually be the reversal of the up trend and things can get ugly if one does not adjust to the new conditions rather quickly Better to play both sides, IMO. Plenty of action on the short side as well these last months. As for my style, I`m basically a price action trader and I have learned a lot from different people. I`ve picked up a lot from Volente in this thread, NoDoji, Al Brooks, Lawrence Chan, market profile, etc. Gap fills are great targets. A complete gap fill was today`s bottom. Yesterday we had another gap fill that I used as a target. Pivot point tags and 50% retraces are also useful. I rarely use the NYSE TICK for signals alone. I just have it on my screen by habit.
That was a magnificent call. Credit where credit is due. Busy like a squirrel lately. Cheers!. Beware of the criadillas eating Matador next week!.:eek:
I will be carefully watching the 1345 area this week. If the rally is to continue, we should rather quickly close above that area, being the last two weeks 50% and PP zone. 1325-1330 needs to act as support. If not, down we go? If the euro continues to sell off that may affect equities as well.