ETF SWING & DAY TRADING

[Huluriasquias]

gloe,

I'm reluctant to post much because:

1) My method is mostly intuitive. (But I understand it more by trying to explain it)

2) This is a NERS board and I don't want to confuse people. (Much)

3) When it goes against me I'm in no mood to post and it looks like everything I do is great. (Hardly)

That said:

- I try to fade extremes.
- It's very important to know which way the market is heading and for that I use methods I learned from Airedale88.


For last week I had Friday as a (10w) Low. We are extremely right translated and Wed. was strong so I waited till Th. to unload the longs and start going short. Then I read your post and went heavely short. (We talked about that)
Friday I rode the shorts all the way down and exited nicely near the lows. (Lucky)
I was flat during the weekend. But I expected a retest of the lows. (We talked about it)
So Monday I was shorting lightly most of the day and I carried several contracts short overnight.
It paid out at Tuesday opening and a couple of hours into the day I closed all my shorts and declared that the easy money for the day was done. (I also decided that the "Airedale" botton was fullfilled and that the direction was up from that moment on). So during Tuesday I started slowly buying longs (and suffering) reaching yesterday close with several shorts and about 20 ticks underwater. (No big deal)

I stayed long overnight because I think the botton is past, and also had lots of faith in Intel. (I didn't know YHOO was also reporting)

Uffffff. That was a tirade.

(I just bought one long at 833.10 - I had a limit buy)

H.