Latest new post for members only issued on April 23, 2010. Fill signup form below to access it instantly.

Monday, June 16, 2008

Stock trading June 16 , NDX at 1967, 10:20AM, take off any long, play short if you are skilled

Latest new post for members only issued on April 23, 2010. Fill signup form below to access it instantly.

New Policy: To Read The Market Analysis Reports Generated By Our Proprietary Models,
You Now Need to Subscribe. Fill Form Below. Subscription Is Free.
Get Instant Access to the Latest Report, As Soon As You Submit the Form Below.
NOTE: You will also receive access to hundreds of articles on this site. The articles are not visible on this page.
Stock trading: NDX is now at 1967. I will play it on short side starting now (10:18AM) (or range bound from short side) with a reduced position size. Explanation later. I did not go long today at all.

10:51AM: NDX is back to 1966 area. Just enough for those who did not get out of long position. This is a tough market. I would stay from going long.

I would play only half of a normal position on short (or range bound from short side).

10:5ish: I got stopped out when NDX broke 1967. Stopped out when it crossed 1968. I will re-assess and see whether and where to enter.

11:03AM: I am re-rentering on short side with NDX at 1981.

11:25AM: NDX is now at 1972. I just applied RFT's "POEM" of trading (I will post the "POEM" later). In this case it means, I took half the position off (9NDX point gains). This gives me 7 point profits on the half taken off, and leaves me with a trade that is now guaranteed to make money. Therefore from now on, I am up at least 7 NDX points for the day. If 1981 is the top of the day, then I will have a free trade (half size) to play for a bigger swing. If NDX retests the high and fails, I might re-enter the half I took off with the 9 point gains. I will decide later.

1:43PM: NDX is now at 1991. I am re-rentering on short side again.

To Receive Market Forecasting/Timing Reports, and Other Special Trading Reports: Enter your email address in the form below, and click submit. Your subscription is at no cost to you and you can unsubscribe at any time. You will receive our special market timing reports, trading reports, and other specials available for members only. We reserve the right to withdraw or terminate this FREE subscription offer at any time. Therefore, secure your subscription now as we do not guarantee that this offer will be available at your next visit to this site.
Happy trading,


Post a Comment

Subscribe to Post Comments [Atom]

<< Home

Privacy Policy