Monday, April 02, 2012

Shorted YM at 13204 50%- covered final at 12.747 on 04-10

Position management at comments section as usual

update: avg13207 for 100% position

37 comments:

  1. Replies
    1. Saved by the point:) was that luck or actually had meaning? per pattern I sent am following this is the one. Gap down I got and never back to these levels before some doom doom

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    2. Saved by the point:) was that luck or actually had meaning? per pattern I sent am following this is the one. Gap down I got and never back to these levels before some doom doom

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    3. I defined SLs after 13229 was visited :)

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    4. Well, I set SLs after YM visited 13229 :)

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  2. Mobile phone does not type well. I expect gap down and no return for a while

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  3. Nice, we backtested YM 13229 and ES1317.75 to the tick (lows of the 3/27 AH top candle) in sync, and reversed hard. I don't see how that can't have some significance. GL :)

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    Replies
    1. thanks Gak, nice catch. I just hope they do not play too many games in AH ...

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  4. I enjoy watching your position management

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  5. covered 25% more at 13099
    riding only 25% core position

    will reshort in AH

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  6. YM and DAX didn't make the lower low at second dip. The head and shoulder on YM might be too obvious. It could retrace back to 13100 before resuming down trend. It looks like someone might defind 13000 on YM.

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    1. IMO the higher low at YM is bearish, not bullish
      :)

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    2. Agreed, usually the higher low on NQ/TF tend to be bullish. Since YM is relatively easy to be manipulated, I feel they don't want to have the HS to break down now.thx

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  7. Replies
    1. I'm with you here - if that was HOD and we pull back for the rest of today, I see MAJOR downward potential tomorrow

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    2. wow!, interesting, major down potential prior to holidays!! it 'd be sweeeeet :) , give it to me , give it to me !

      muahhahah

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    3. Pata, here is what you said on march 27 "Short equities now, celebrate later". This is probably going to be remembered as best one for 2012. Cheers.

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    4. thanks buddy!.
      Just dont forget this will not be the final battle ( likely) so no need to fall in love with shorts, there will be a time soon to reverse and play long.
      Have a nice holidays

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    5. The last minute pullback saved my setup from getting invalidated - maybe MM? FYI, I sent you a message pata

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  8. covered 25% at 12980
    holding 50%

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  9. Replies
    1. nice 365 handles on this one


      Happy Easter to all traders!

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  10. added 25% at 12892 (not looking as a great idea tho)

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    Replies
    1. covered this batch at 12850,
      remains 25% position

      chances are they print a ST bottom today

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  11. YM 12735, nice :) . We are going up from here IMO

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  12. Covered last batch at 12747
    460 handles on this one, less a few due to last moment hadging position.
    It trade is NOT over, so I shouldnt close all, but i had no more position to trim out and manage :(

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    Replies
    1. thanks pal!
      WE know you spotted it better than I did :)

      see ya in 138x

      muhahah

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    2. Thanks, you deserve credit for real time trading, I am too chicken for that anymore since NK made me look crazy a few times :)

      Also, if you haven't already, look at NYA, below 3/6 lows, and RUT tested 3/6 lows. Now that's "Reality"

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    3. Thanks!
      check your email :)

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  13. This comment has been removed by the author.

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