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Posts
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Last and second half
Dow short 18626
but this does look like we are going to new aths.
Never give up, never surrender.
Now the Dow is in new(ooh) territory and I start my new plan
which I had thought was due to begin in January 2017. Hmmm !Initial position. My starter for 10 😉
Small short Dow at 18707 – stop 19400 – limit 16000
Never give up, never surrender.
FTSE getting hammered. Could this be the 3rd of a 3 way election move, back down to the spike low and even beyond?
Yes, that is a good observation Paps.
If US follows today’s euroland pop and drop
it would be a good start to my new plan.Never give up, never surrender.
I will close the 18707 at b/e.
Done.
I plan to run and run the 18764
Never give up, never surrender.
Just for the record the trade details are …
Small short Dow 18764 – stop 19550 – limit 16000
Never give up, never surrender.
If US follows today’s euroland pop and drop
it would be a good start to my new plan.Looks like we can put that US drop on hold, again !
Never give up, never surrender.
My plan was to short a US top in January 2017 but to cover
the case against a Santa Rally etc I started yesterday.This will be a 3 phase plan which increases the finance
as and only when the desired trend is confirmed.So start with 10% and only go to 40% and then 100% if
and or when the market conditions are right.If the first 10% is lost then I would require a much
greater conviction before restarting the plan.
No one forces us to trade, it’s our choice.Never give up, never surrender.
I will lower the stop to risk 1% of full plan finance
and then if we get the down move to b/e etc etc.Its a pain to be stopped out but that is better than
the pain of a greater loss. After all there is the
option to reenter using more up to date charts.Time to sit back and enjoy the weekend.
Never give up, never surrender.
I will lower the stop to risk 1% of full plan finance
and then if we get the down move to b/e etc etc.Another option is to place a long entry to hedge against
a rally above short entry as a decent rally could take
out 19000 etcWhatever I choose it will be in place for the weekend.
Never give up, never surrender.
Hedged at the current lod and then traded both out for overall b/e.
Dow has since been up to 18830 and I was tempted but I have a
concern re the US rth still not testing the ooh election low.We think the PPT got their sticky fingers involved but is it
also a case of strength in the US stocks.We should know next week and worth the wait, imho.
Never give up, never surrender.
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