Stops above last local highs. Let's see how they evolve. Targets are blue boxes. Entry in light red, stops at hard red.
Komen
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Ok, the entry point was too early. I'm trying to model a new possible reentry on this pattern. Stops hold the action for now. Let's see how DOW evolves too.
Komen
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Short again at 2774, same stops. Low volume rally might indicate it is really hard for the index to break that previous high on 26th feb. Let's see how next week develops. Remember to place your stops accordingly since we are dealing with high risk here, it is against the major trend.
Dagangan ditutup: hentian tercapai
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Stopped out, wrong call. Time to re-analize and wait for a new idea on this market.
Komen
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How funny, it just triggered my stops and then went down. Bad timing. Well played, S&P, well played.
@Sharecrazy, oh well... i guess i'm a retailer, so. I can be wrong.
Sharecrazy
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@cacus, me and u same boat , just trying to think outside the box , u need SL to manage downside , dust yourself off and carry on , next trade .
cacus
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@Sharecrazy, that was my thinking. I'm against the trend, so tight stops is a must. Failed on timing, there was nothing left to do other than waiting and moving on for the next trade. Actually DJI short managed to be just prefect in timing (at least for now) i deleveraged a bit to recover the SPX loss. For now, i'm monitoring. No signal yet.
Sharecrazy
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Good Luck cacus
cacus
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@Sharecrazy, the risk is managed. Stops are tight. Yes it is possible to fail but that is the purpose of the stops. It is a risky trade since i'm going against the trend, that is for sure.
Thanks!