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MarcVUM replied Jun 15, 2010It is but my last H4 candle tested the 200sma and closed above. Ha ha. I'll be moving S/L to B/E asap.
Nearly Naked (Simple Trades)
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MarcVUM replied Jun 15, 2010Puts or calls? Buying or selling? It all depends on your TF and sentiment. If I'm buying something than I typically go out 3 or more months to give me time but I also sell something else at the same time. Although PA closed above the 200ma today I ...
Nearly Naked (Simple Trades)
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MarcVUM replied Jun 15, 2010A/U — A/U... I just took a quick short scalp on A/U so I am going to take a break and eat some dinner. This is what I see though. H4 - 21ema has crossed the 150ema and so the bear game is pretty much "game over" at this point. Once the 21 ...
Nearly Naked (Simple Trades)
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MarcVUM replied Jun 15, 2010Have you got a TP in mind after taking a short up there? I'm thinking W R1 after looking at my charts.
Nearly Naked (Simple Trades)
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MarcVUM replied Jun 15, 2010I think I'm going to scratch the bounce play and wait for 87 area.
Nearly Naked (Simple Trades)
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MarcVUM replied Jun 15, 2010I'm getting sleepy waiting for this bounce.
image Nearly Naked (Simple Trades)
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MarcVUM replied Jun 15, 2010My wife made it clear last night that I was not to be betting money on anything especially with her father! She doesn't consider my trading to be betting! image image
Nearly Naked (Simple Trades)
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MarcVUM replied Jun 15, 2010SPX — The darn S&P closed above the 200sma today. What are those boys thinking?
Didn't they hear that the sky is falling!
Nearly Naked (Simple Trades)
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MarcVUM replied Jun 15, 2010Absolutely. The Fib confluence with previous S/R and the "00" makes it a no brainer.
Nearly Naked (Simple Trades)
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MarcVUM replied Jun 15, 2010
we've probably lost our minds on this but what the heck. My H4 and H1 don't support a trade like this! edit: don't kick my butt and grab more than me!
Nearly Naked (Simple Trades)
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MarcVUM replied Jun 15, 2010fyi... the way I play is that if it misses by 1 pip and runs down 5 pips I don't take the trade when it does hit the S/R.
Nearly Naked (Simple Trades)
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MarcVUM replied Jun 15, 2010A/U. Anyone up for a 5 pip bounce off of Daily R1?
Nearly Naked (Simple Trades)
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MarcVUM replied Jun 15, 2010Be careful. There isn't too much of a chance that it will hit 8560 from here since the 150 and 200 ma's on M15 are already at 8572. Also look at H4 and H1. PA is above 5 and 10 ma's and riding the upper BB.
Nearly Naked (Simple Trades)