Negative delta does not mean you cant take LONG trades......I had three LONG "delta" based trades today after 12:45 CST and they all hit multiple profit targets. If I get a SHORT signal on a day with negative "delta" then I may let the position run more than normal.....it is just something to be aware of when managing positions.
I will say this one last time If you trade 1 lot instead of your max (40) is your stop going to be strict 2 points or could you allow yourself to adjust it? Don't worry about the reasons why you would be trading reduced size for now, just please answer the Q
volente_00 Registered: Nov 2002 Posts: 3248 09-19-06 03:31 PM 5p, you think those 76000 contracts got covered ? Edit/Delete ⢠Quote ⢠Compl *********************************************************************** Actually no.....there is a big position still being held and we would need to press 1333.00 level to get them to bail. Asian markets will be questionable tonight and EU was weak last night so I do not think they are worried. We had a "lifting" of the offer rally into the close and we are still highly net negative.......nice set-up imo. BTW, riding with the "Bears" this a.m. made me some huge hits after a great 07:30 CST news "bracket" trade, and then market opening "bracket" trade.
My stop always remains 2 points, the only time it will be more is if i get a bad fill i will at times use 2.25 .
Speaking of Gary, did anybody trade my S/R numbers? If you did then you got your 2 points very easily. I didn't get to trade them I was busy playing with software