06-05-09 01:16 PM Sell USO @ Market (37.74) Will hold into next week --------------------------------------------------- place buy stop @ 36.75 (currently 36.58)
06-03-09 01:51 PM Quote from mTrader09: Existing positions: Short USO 1/2 position @ 34.93 06-04-09 09:12 AM SELL SHORT USO @ market (37.28) ------------------- place buy stop for short USO 37.28 position @ 36.86 (currently 36.46) close USO short 34.93 position at market (36.46)
------------------- place buy stop for short USO 37.28 position @ 36.86 (currently 36.46) ------ lower buy stop from 36.86 to 36.56 (currently 36.32)
WHY? There is strong support from 1418 to 1425. As you would have seen the market has been at 1424.25 to 1428 the past few minutes. So, let's hold for a while and look at the test of 1418 to 1425; if it holds then we will add another day trade long; of not will cut losses at 1415/1418. BUT, not waiting for last hour of the day - this is a down day that could accelerate down move during last hour.