Tight Stops

Discussion in 'Strategy Building' started by WaveTrader2004, Nov 13, 2004.

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  1. Taking another point at 75.5. I expect a retracement here at the pivot.
     
    #511     Nov 22, 2004
  2. I will be long again at 76.5
     
    #512     Nov 22, 2004
  3. a320 your charts mean no more than a blank piece of paper to me. What message are you trying to convey to 'Elite' 'Trader's glorious audience?
     
    #513     Nov 22, 2004
  4. Expect to be Filled at 76.5 shortly
     
    #514     Nov 22, 2004
  5. Still not filled. Waiting for a pop up that should occur at the 2pm bar (5 min bars). Most of the indexes are at or near pivots. It is no coincidence that this is happening at 2pm. This is a classic decision point for the market. Also a point at which program trading can kick in to push the market through this area. I have a resting order in the market to get long right above this area. If the market decides to turn down, it will likely do so with a wide range bar (relatively wide for today) and I will take the next bar short.
     
    #515     Nov 22, 2004
  6. Filled at the 2pm "pop".
     
    #516     Nov 22, 2004
  7. Nice work Lefty
     
    #517     Nov 22, 2004
  8. I just woke up and read you are recovering for the day.

    Well now we are at 50% of 2 day range and 50 of 3 day is 1179.

    This fucker has 1:50 to run and it won't break 1179 mate.

    So get ready for the big Kahuna

    BBG
     
    #518     Nov 22, 2004
  9. Using the pivot as my stop. Took another 2 pts. profit. I doubt that you "just woke up" however, I always appreciate your sage advice

    edit: I took profits at 78 which is 1.5 points not 2 sorry.
     
    #519     Nov 22, 2004
  10. Well what me worry.


    This is easy for a novice like me.


    The wankers have bought for the day what will convince them to keep going?


    Well maybe............


    BBG
     
    #520     Nov 22, 2004
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