OUT
Took Chucks advice and sold out shorts
Twas a very good trade…Bouncing here off 200dmas
Anything can happen tomorrow
I think we are still topping however.
Shall see.
Took Chucks advice and sold out shorts
Twas a very good trade…Bouncing here off 200dmas
Anything can happen tomorrow
I think we are still topping however.
Shall see.
I closed my shorts, too ! (120% profits).
Then I reopened a short position with the profits !!
I could not resist !
If tomorrow we should break the 200 MA we could enter free fall !!
I also closed my short trade. It was my best trade so far this year. There is nothing wrong with taking some profits and looking for a good point to re-enter. With high volatility, this may be a good time to trade from the extremes toward the middle.
All the best to everyone!
Agree
Technically complicated. I’m flat, waiting for the dust to settle.
Now, I know someone actually read my post. I feel all this pressure. lol.
Good luck Sir FGC!
“I think we are still topping however.”
That is impossible.
Either we topped .. past tense …
or we haven’t topped yet … a future new high lies ahead.
I’ve seen good evidence arguing that markets NEVER top on their momentum highs (ie, Jan).
I also see $ tanking later this spring into summer, for months.
So I will argue that AT LEAST we see a retest of the highs. And likely see new ATHs.
Topping is impossible ?
I am speaking of a Topping “Process” Not saying the top is past ….Topping !
That’s when a market rises then consolidates bit fails to march higher….and ultimately “Tops”