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stkjunky

09/25/13 1:41 PM

#122632 RE: Qui-Gon Kagi #122622

Qui, here is my daily setup. The check marks that you see are a couple of my keys to entering trades. The check mark on the top right on the gold line is first key. When the gold lines set up for a cross it's a good sign of a reversal. You can see that one of the gold lines dipped hard a couple of days ago. That's why I started skalping the GU short (and with the direction of my stuck trades).
It turned back up today. So now if I scalp it, it will be long entrys, Untill it turns back down.
Other check mark. Lower right corner odf the screen, is Green TDI. It has turned down, but is actually my secondary (confirmation) indicator.
I do not use weekly charts, except occassionally glance at them.
My 12 hour TOS trending chart was and still is indicating toppyness in the market. And was all bearish untill yesterday afternoon. No use in posting it, because it is now mildely bullish again.
Bottom line, I will stay with this trade thru 1.63 if necessary. And will scalp along the way to help offset losses. But I have the strength in my account to do this.
NOTE-For the life of me, I can not figure out what possesed me to enter this trade. In hind sight, I see no reason to have ever entered it, except maybe as a scalp that got out of control on me. I'ts turning out to be the 2nd worse for me this year. Had one other that was worse and made a profit on it. Hope to do the same with this one.