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Trading to improve my entry level.
If the Dow tags 19260 from now on I will only have a
small short Dow at 19272
That has not worked and after more trades than I wanted
and giving up this weeks early profits I now have …Two small Dow shorts at 19300
That is my hold through into 2017 and as we are still
pointing up I will not risk any more.Never give up, never surrender.
Since starting this project (which was to be for 2017)
my cash balance is still in the black ie in profit.I was lucky to have made profit before this latest
rally and hence have a cushion unlike many bears
whose stops and cash must have been hit very bad.Small short Dow 19340
I will close the 19300 shorts at b/e
Never give up, never surrender.
Used all my recent profits now to buy out shorts.
Small short Dow 19500 – stop 20400 – limit 10375
I will now wait for the market to turn which could
well be in January. All that effort for no profit
but thankfully for no loss. I should have kept
to my original plan and started in January !Never give up, never surrender.
After such a good rally in the US you could expect some sort of
retrace but also expect Dow 20k – spx 2300 talk in the papers.EcB today, FMOC and quad witch nextweek will all focus eyeballs.
If in doubt, stay out, enjoy the Christmas spirit.
Never give up, never surrender.
After such a good rally in the US you could expect some sort of
retrace but also expect Dow 20k – spx 2300 talk in the papers.Using maths and wave count for price and FMOC for time
my ‘guess’ is we under cut (in rth) those numbers.With a strong rally on weaker volume ‘guess’ fits in
best for wots goin on !!!Never give up, never surrender.
Dow range in ooh + rth has been good for day trading
and I have made full use of it. Buying out bad shorts
with profits, I am now only holding this position.Small short Dow 19589 – stop 22000 – limit 10300
Looks like we have plenty of movement to come but
it’s time I had a cup of tea.Never give up, never surrender.
Upwards and onwards … this is deffo my last trade
today because my new entry, is a lovely …Small short Dow 19625 – stop 22000 – limit 10300
No doubt there will be better entry points to come
as this balloon flies higher.Never give up, never surrender.
Dan, that Dow balloon lost 60pts worth of air
and allowed me to close for a profit plus …Small short Dow 19660
Is my only position. I would like to think
we have seen the ‘h’ for the week.Never give up, never surrender.
My Christmas Cactus was hiding my car keys for eight days. They must have fallen from my pocket and landed in the middle of it. Was relieved to find them. 🙂
Done enough, more than enough, trading this week
and content to see if my small short Dow 19660
stays above water.I would like to see next weeks action with FMOC
and quad witch before trading in size.In a worst case scenario where the Dow exceeds
the 20k barrier then I will hold my short and
resume trading in January.I have set my trade to allow me to leave it
to run and hence have big stops etc … ieShort Dow 19660 – stop 22000 – limit 10000
Never give up, never surrender.
On balance most traders seem to think US stocks dip
and then run up to Dow 20k and spx 2300 nextweek.I do think we see new aths but undercut the targets.
There will be a lot of long and short stops for
the hft algo robots to feed off this month as
bulls and bears fight for control.From whispers we hear many hedge funds are losing
money so far this year and they may just decide
to risk a final throw of the 2016 dice.Never give up, never surrender.
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