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Just a little overshoot , Thats all, Maintain original planCobra wrote:not looking good, now my 5th call on the downside stands a chance!
That's good! I see that you are all set and that you are trading "in zone". Do you know what I mean?TraderGirl wrote:I'm holding longs from the lows, but trading the dips and rips. Looking to get out of all longs around the 11th....then look to buy back around 15/16th and re-assess...cougar wrote:Maybe…but right now I am hedged on SPY: long May (monthly) 139P and short weekly 140P (which should expire worthless in 2 days)TraderGirl wrote:Trading in a triangle, a fall through the triangle would give way to lower prices....
if we bounce into tomorrow, I will sell it, and if we are at a low on Friday/Monday, I will be buying it into the 11th.
In a price zone??cougar wrote:That's good! I see that you are all set and that you are trading "in zone". Do you know what I mean?TraderGirl wrote:I'm holding longs from the lows, but trading the dips and rips. Looking to get out of all longs around the 11th....then look to buy back around 15/16th and re-assess...cougar wrote:Maybe…but right now I am hedged on SPY: long May (monthly) 139P and short weekly 140P (which should expire worthless in 2 days)TraderGirl wrote:Trading in a triangle, a fall through the triangle would give way to lower prices....
if we bounce into tomorrow, I will sell it, and if we are at a low on Friday/Monday, I will be buying it into the 11th.
Not exactly…It’s that book "Trading in the Zone" by Mark Douglas which was discussed here this morning... It’s like being stoned, protected by your “karma” and letting your trade go to high gains, without doing too much work…with an inspired stop... Just be cool, like in Berkeley ‘68: “teach your children well“ to be “totally golden and 100% mellow”(*)TraderGirl wrote:In a price zone??cougar wrote:That's good! I see that you are all set and that you are trading "in zone". Do you know what I mean?TraderGirl wrote:I'm holding longs from the lows, but trading the dips and rips. Looking to get out of all longs around the 11th....then look to buy back around 15/16th and re-assess...cougar wrote:Maybe…but right now I am hedged on SPY: long May (monthly) 139P and short weekly 140P (which should expire worthless in 2 days)TraderGirl wrote:Trading in a triangle, a fall through the triangle would give way to lower prices....
if we bounce into tomorrow, I will sell it, and if we are at a low on Friday/Monday, I will be buying it into the 11th.
Dang,Anaconda wrote:Anaconda wrote:Cobra,
Still have open gap to 140.65 on SPY. (Aligns nicely with recent p-bar to 140.7) Good probability to fill.
A.
Gap almost closed. Trailing stop on SPY MayWk1 calls at 140.55.
GLTA.
A
PS - Nice to see you back Cougar.
it's complicated, read tonight's market outlook. please try your best don't ask questions related to my daily market outlook, it's not fair for other paid members. we have daily around 6,000 visits roughly 2,000 to 3,000 people on this forum. thanks.CarlosDK wrote:Cobra what do you think about tomorrow ,, big rally to SPY 142 or you think top was made yesterday ?
I have no idea about tomorrow yet. overall I'll maintain the short-term evil plan I hatched last night with a little modification tonight, maybe.CarlosDK wrote:Ok thank you , just wanna know which positions to have for tomorrow. Long or Short.