Showing posts with label faz. Show all posts
Showing posts with label faz. Show all posts

Tuesday, April 14, 2009

Added to FAZ

Added other 50% at 9.28. So far, this is the exact low of the session. I have never managed to buy the exact low of a session (or close to it), so this is a first for me. I have definitely sold close to the lows of a session with stupid stops, so this is a very nice change. Market continuing to weaken, internals are slightly weak, selling could pick up if panic sets in. By 'panic' I do not mean real panic, just some simple profit taking panic.

Update: My stop is at 9.2, which should give this enough room to work.

Update: Stop at 10.1. I will get more aggressive with my stops starting tomorrow. If there is a 3+% gap down tomorrow, I will cover early in the morning.

Monday, April 13, 2009

FAZ

Attempting to long 50% at 9.15. I plan to be very careful with this trade if it goes through.

Update: Got in at 9.12, already trading down to 9, hopefully this was not a big mistake. Lets see how they act tomorrow. Might put on the other 50% tomorrow, but I hesitate.

Update 2: Ideal target is for XLF to reach support at 9.5-9.6 or for it to close the gap at 9.2.



An inverse hammer on the last candle with weak action after hours. Tomorrow is another day and anything can happen.