Amazing how many times these short trades don't work out in the
current market environment. I had been watching this same time
frame, I took the break, it reversed and I stopped out. I swear it
does not pay to be a bear.
nah - you guys are looking at noise, even your 30 min chart, it
didn't break any levels up or down, price didn't even break that
16.42 area, you probably just had your stop way to tight,
regardless kind of an obvious day for a market bounce follow
through on Friday for the market.
disciple - that comment makes no sense relative to his setup
Well, it did in fact break an intraday line connecting highs.
When it fell well back below that line I was out. Maybe just a dumb
trade, but it was a trigger and a stop.
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Amazing how many times these
ERY 30m
Posted by frtaylor on 2nd of May 2016 at 01:50 pm
Amazing how many times these short trades don't work out in the current market environment. I had been watching this same time frame, I took the break, it reversed and I stopped out. I swear it does not pay to be a bear.
they only work out when I am Long that stock.. LOL
Posted by zach06 on 2nd of May 2016 at 02:43 pm
Har, har! It gets even
Posted by frtaylor on 2nd of May 2016 at 03:00 pm
Har, har! It gets even more confusing when you short an inverse etf. Or how about shorting XIV - what the hell does that even mean, lol!
Fed fighting can be dangerous, except for quick trades.
Posted by disciple33 on 2nd of May 2016 at 02:07 pm
nah - you guys are
Posted by matt on 2nd of May 2016 at 02:30 pm
nah - you guys are looking at noise, even your 30 min chart, it didn't break any levels up or down, price didn't even break that 16.42 area, you probably just had your stop way to tight,
regardless kind of an obvious day for a market bounce follow through on Friday for the market.
disciple - that comment makes no sense relative to his setup
Well, it did in fact
Posted by frtaylor on 2nd of May 2016 at 02:42 pm
Well, it did in fact break an intraday line connecting highs. When it fell well back below that line I was out. Maybe just a dumb trade, but it was a trigger and a stop.