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dunno whats up...

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Not applicable
the b plug says go long?
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20 REPLIES 20
Electrox
Super Contributor
wat does the b plug represent? lol. eriously though
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Not applicable
lets just say its an indicator that looks at internals...
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venice
Super Contributor
I,m long already with tight stop. Seems we have the same plug.
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Electrox
Super Contributor
what was yur trigger to go long? bolies still in trading range with the price.
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Not applicable
venice if u have the same one as I do u will have watertight stops...
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venice
Super Contributor
Tight like a whales butt,
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venice
Super Contributor
By the way Electrolux its just a probability play, and I like the bottoming type pattern, I'm long at 16900 with a 50 point stop. There is no obvious direction, indicators are oversold, Dow on support I think there is a upside bias so I'm prepared to risk 50 point if I,m wrong. Its only money.
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Electrox
Super Contributor
I c venice. thx for your response. still lerning the game. what do you mean of the bottoming pattern? All I see is a trading range from 16966 to 16883. in this range the did look like some type of inverse h&s that was potentially forming, but that has failed now.
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venice
Super Contributor
Selling momentum has decreased with 16900 acting as support so I'm betting on a bounce (not a rally) off these levels. As I speak I have to say I'm beginning to lose faith but will be true to my stop. Just remember trading isn't predicting and being right all the time its about closing the bad trades early and letting the good ones run. No setups are 100% just a likelyhood but if you wait for confirmation all the time you will miss most of the moves. So I took the trade time will tell if not then on to the next one.
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MenuOption
Frequent Contributor
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Electrox
Super Contributor
Well I hope we dont get another setup like yesterday afternoon. tight trading range with momentum slowing then only to to do a fake sucker break up then closing at the lows and opening by gapping down tomorrow.
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Not applicable
think we move up now
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Not applicable
I hate these bears !
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Not applicable
Electrocox...to answer your question honestly...it was just a gut feeling
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Not applicable
Did you keep your long over night ?
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Not applicable
no against the rules...I have a medium term portfolio with a few longs
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john_1
Super Contributor
thats the single truth about trading it matters not if you are right..it only matters if you are profitable.
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Not applicable
what your trite little aphorism does not embrace is just how delightful it is when u are right and profitable...
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Electrox
Super Contributor
chartist where do u get your opening prices for the top40 futures, cause i wanna see if the gap play is on today?
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