remember, it's been fun trading breakouts and longs for weeks
now, but don't over stay your welcome and give all your gains back
if the market wants to pullback.
trading breakouts late in this stage you can get trapped when
the market finally does pullback. In this late state I've
been mainly day trading and taking profits quickly on longs.
Make sure you have stops in place on the longs you want to
hold and don't be shy about taking some profits
Next support is 1150 and and the uptrend link on the 60 min
chart
obviously nothing has changed with the trend yet, but we have
had a nice market reversal so far intra day
remember, it's been fun trading
Posted by matt on 7th of Oct 2010 at 12:35 pm
remember, it's been fun trading breakouts and longs for weeks now, but don't over stay your welcome and give all your gains back if the market wants to pullback.
trading breakouts late in this stage you can get trapped when the market finally does pullback. In this late state I've been mainly day trading and taking profits quickly on longs. Make sure you have stops in place on the longs you want to hold and don't be shy about taking some profits
Next support is 1150 and and the uptrend link on the 60 min chart
obviously nothing has changed with the trend yet, but we have had a nice market reversal so far intra day
Yes, I've been trying not
Posted by frtaylor on 7th of Oct 2010 at 12:39 pm
Yes, I've been trying not to hold things more than a day or two as well. Advice well taken.