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Re: gloe post# 39254

Saturday, 02/17/2007 9:40:02 AM

Saturday, February 17, 2007 9:40:02 AM

Post# of 79025
Gloe,
I shorted pre open @ 44.80 reasoning was on Thursday AH market went back so I went short on my bias that they will close on lower side of 44. By 10 AM I saw that It has been rejected @ 44.60 three time so I covered my short calls and my shares and went long @ 44.60 CCI cross of 0 also gave me the reason to stay with trade. Sold @ 44.75 and went short CCI down slope was the reason for my action at the time. As soon as I went short it moved against me, my stop was 44.85 but that never triggered. I was not comfortable with this short so covered again @ 44.66 and went long @ 44.67 which I sold for 44.72. I did not went short @ that point because my thinking changed; Now I was thinking at that time market is trying to touch 45. My buy stop trigger was 44.80 but I got better deal in next down move and I did went long @ 44.67 which I sold for 44.80 near the close. So in total I made 20+15+9+5+13. It is always better to be lucky.
I lost 10 Cents on Long puts. In early morning my bias was that we are going down so I bought some puts which closed @ 10 cents loss.
This was not pure NERS, on 3 Times CCI was always on my side, and my 10 Cent stop loss was big plus and once I had 35 Cents under my belt that gives reason to take more opportunity.
At the end it is hard work, which prepare you for coming days, you and I are trying to figure out our edge on weekend and most other people spent this available time in other activities. I love what I do so I am eager to learn always. Thank you again for sharing your hard work with us. I benefited a lot from your and Nocona’s work. Thanks.

Farooq
This post is for educational and amusement purposes only, and is not to be interpreted as trading advice. Consult your financial adviser before placing any trade.

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