Just when you thought it was safe to wade into the water again last week... Mr. Market delivers max pain. Luckily, bought 100 SDS Nov 19 Calls on Friday, almost puked when I saw pre-markets were up a 1% last night, how the tables have turned now. I needed this. Stop loss moved to break even (2.20).
Algyros wrote:Cobra, do you have a target for the second leg down?
Measured Move target, I believe it could go as low as 120.36
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IF IFIF
we close here, gap down set up is in place, the IFgap will be below 119, so it's up to the bulls to decide what to do from here. satisfy the bear now or later
My comments are for entertainment/educational purpose only. NOT a trade advice.
BullBear52x wrote:IF IFIF
we close here, gap down set up is in place, the IFgap will be below 119, so it's up to the bulls to decide what to do from here. satisfy the bear now or later
I hope you're right brother. So if I read you right, we're headed down either way?...
BullBear52x wrote:Eur/usd here is a lead, a turn? looks as so
This was my comment in Cobra trading signal report Friday's night and look what happened then
this is daily chart
Thanks, right now eur/usd working like a charm, it won't be long before it will not working again. Bank/big corp can not making money from carry trade forever.
As I posted last Friday, I found trading EUR/USD is quite simple this year by using the BB. On Friday, it hit upper band, i.e. short.