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Dow 20200 equiv spx 2310 is a contender but
after so many failed ‘top’ calls we have
learned to be VERY cautious before we
risk anything other than play money.Never give up, never surrender.
With the US on a wave up the Ftse can try for 7300.
At the US close today I will merge short positions
and hold a short over the weekend.Never give up, never surrender.
Phew …. what a day this has been.
Back and forth long and short mainly Dax and Dow trades.
Used day trade profits to buy out all short positions.
Short Dow 20253 – stop 22000 – limit 17800
Not the best or the worst I could have opened but it
is the sucker I will ride into next week.Have a great weekend … talk monday … now where
is that bottle opener !!!Never give up, never surrender.
Shorting the close also cim,step 1,then step 2 shorting any pop higher Monday.fully short by Mondays close all being well.the 13th is a significant cit date.enjoy the wine/weekend.
I have made a few more trades in this tight last hour range
and used the profits to close my 20253I have just opened two shorts and if we continue up on
monday then I will close one and add those funds to
push the remaining positions stop a lot higher.Short Dow 20280 – stop 21250 – limit 18100
Short Dow 20280 – stop 21250 – limit 18100
This plan is my last positional trade against the
current rally. If it fails then it is back to
day trades only for me.Never give up, never surrender.
On New Years day I posted my big picture Dow numbers.
20000 down to 17000
17000 up to 20500
20500 down to 14000
14000 up to 22600This was wrong as the extention of numbers was out
by an as yet unknown factor.It now looks like we could see
20500 down to 17000
as the near term ‘h’ then retrace and it is what
my positional trade is set and will be adjusted
to meet, the actual numbers we get.Never give up, never surrender.
Based on that projection I could sit tight with my
short entries as posted … eg …Short Dow 20280 – stop 21250 – limit 18100
But as 20500 may not ‘top’ this move I will trail
my stops by hand and let the market take them
out at b/e ( to be set on a tag of 20200 )
and then reset short higher, most likely
at some point north of 20500, where I
would have to replay the game.My main aim is to not to lose the money set
aside for this trade. Profits can only be
thought of once this current move ‘tops’.Never give up, never surrender.
Interested in the Dow or how the wave count
could gives clues to spx etc then there is
a good post by Enda Glynn on 10th Feb.Never give up, never surrender.
Jupiter retrograde 6th February to 9th June 2017
Venus retrograde 4th March to 8th April 2017So based on the EW and astros we could pick a
time window when both planets are retrograde
and a price of Dow 21200 for a major cit.Never give up, never surrender.
At some point next week the Dow should start a shallow
drop and then rally again to new ath’s and then quite
a big drop before a large rally again to ath’s.So once this down up down up sequence starts each
move gets larger so there will be profits for all
but only for those not married to there position.I am short Dow 20280 and will wait for that first
down move to start (as it’s unclear where it
starts from) and then trail stops.Never give up, never surrender.
If the US mimics the euroland bullishness then
we could see Dow 20500 and spx 2335 today.No change to my Dow positional trade even if
we do get that kind of rally. Only above
the 21000 level, before a run at 20000,
would require a rethink, fwiw.Never give up, never surrender.
If the US mimics the euroland bullishness then
we could see Dow 20500 and spx 2335 today.No surprise as Dow 20440 and spx 2330 hit so far.
That has saved my positional trade as I have bought
out the 20280 with todays profits.Never give up, never surrender.
Try again for this elusive positional.
Short Dow 20425 – stop 21250 – limit 18100
I will have to adjust this further as I still
expect Dow 20500 then a drop to 20100 and
then a rally to 21200 (too near my stop)
before the drop to 18100 (the play off).Maybe I should pack this trading lark
in and find a sugar mummy.Never give up, never surrender.
Sorted the problem with the stop by closing
and reopening at half the trade size.
I now have a stop which should not be hit
as the limit should be hit first ( famous
last words ).Short Dow 20431 – stop 22250 – limit 18100
I will add on the second half when we are
deffo in the proper drop.Day trading only whilst positional trade
scenario unfolds with the focus drop
when Venus is retrograde.Never give up, never surrender.
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