RO
roofer
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i was hoping someone would note that i did not show dia.... that was because it was the lone index that had not hit a key level
JI
jimkane
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So, roofer, are you now short the ones you showed, IWM, FAS, SPY/SSO, QQQ? Or are you going to wait for the DIA to complete before hitting the others? I'd be nervous they'd start the drop in the overnight and then you'd not get them if you waited. It helps to understand the trading aspect if we know how you are positioned, and when. Charts are great, but the knowledge you have of when to hit them and when to hold off, that we need to try to learn more about. Thanks.
RO
roofer
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good to hear you are up and around... a simple answer is based on the setup at today's low in spxu. which should be clear to all here based on what has been shown here , i am long spxu////as a trader risking my well being on the vagaries of the market there are other important considerations, none of which have to do with the technicals shown here...( e/g how much of my weekly/ monthly quoata have i covered... am i going to be at the doctors the next few days... does my family need my attention....the same things you deal with every day....i have no love of trading it is just a job....so knowing i will be at doctors tomorrow and that i have other pressing matters and that i have covered my quota... i am going into tomorrow with a skeleton position such that a large gap opening against me will do little damage... i assume you do the same adjusting in your own trading
RA
rat89
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very informative thoughts indeed.....I think as traders people often forget to think about that part of the big picture of trading where life intervenes and where we will be at the times when a trade might play out...
symmetry would put dia at 148.78, but a stretch to the 1.128 at the upper line would put it at 149.07
am I reading this in a way that is similar to what you see?
symmetry would put dia at 148.78, but a stretch to the 1.128 at the upper line would put it at 149.07
am I reading this in a way that is similar to what you see?
Click image for original size
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rat89
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there is yet another area up there i suppose....
Click image for original size
RO
roofer
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basically i am trying to catch a cd leg down... your dia reflect the bigger possibilty in the LONGER TERM spx of a move to 1614... which i am sure is coming... but i think after abcd...if it comes tomorrow i will be wrong....
