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.
Showing posts with label faz. Show all posts
Showing posts with label faz. Show all posts
Tuesday, April 14, 2009
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.
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.
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