A classic cowardly reply-you better post that link again-you know-the one with all the golden nuggets of information The General
Thank you for posting and keeping up on the rules that Ivanovich laid down earlier. Please stay tuned as this trade plays out ... it's gonna be a dozy!
Stop at 930 and the high at 928.35... coincidence? no, 100% skill. will keep stop there. It's my proprietary research that understands the fundamental importance of 930, and it can't been seen with normal TA. Currently, 11 point winner. Still looking for 780. if not this winner, i'll let you know about others.
whats your secret, I use highly specialized moon vibrations picked up by my molars and translated by a very secret decoder purchased from the professor on Gilligans Island
ah, the decoder he sold you was a replica of the original i purchased several days prior. the WORST part of trading is the lack of excitement on a day-to-day basis, and even this kind of a "swing trade" is tiring. i know, i know, the best traders understand the boredom and yada, yada, yada.... the following will help my position: the lack of downside follow-through in the equity markets, coupled with a slight slow down in bond volatility, added to that the bid in crude oil -- possibly signally consumer demand -- MUST mean the smart money is buying and get ready for Dow 10,000. sweet, kiss of death.
I add every time we make intraday highs some more OTM ES put options to my portfolio. But the last time we saw ES below 870 was May 1st 2009. Must have something to do with expected 2nd quarter bank earnings and put option time decay or so ... Nevertheless my ES long positions like it.
Tell me about it It's not a question of buying the dip, but rather will there be a dip which will allow you to get on board! And starting out-the-gate like it did today ... sheesh, it's like the BUYERS were just waiting for the bell to ring. Of course we encountered the previous swing high's support (turned to resistance) and we took or little drop. But alls well, as I can see from your post, ASusilovic, you're prepared to take advantage of price action moving to either side, as am I. Good trading
Finally..... Stop moved to 915 Hopefully we close under 900 today and in a few days I can trail this stop lower Congrats Bears!!!