- Short 3 units of CZ1 at 739 average.
- Taken partial profit on 1 unit at at 677.
- Expect some support at 668.75. Maybe wait to see reaction from there and then look to re-establish short during/after period of consolidation.
- Target 575.5 on weekly chart.
6 comments:
Hi Taichiseal,
How did you manage to hang on the S&P when it rocketed upward last week? (last week was like unbelieveable, all the bad news just evaporated. Now it just come out again ..lol). I would not be able to hold out like you. Last week rally killed alot of shorts.
Now i believe you are in the green? Since you shorted at 1192. :) Kudos.
Hi Kris
It's back to basics for me after a very bad August.
That means remembering that what has worked best for me in the past is - 1. trading long term chart patterns in small/optimal size so that I don't get shaken out by noise (such as last week's price action). 2. forget about trying to profit from short term non-trending opportunities.
Re-sold CZ1 @ 697.5
I agree with you.
I don't really like it especially towards the market close (usually the last 1 hour around 3am APAC time), the market goes a different position than mine :(
Btw..what until what time at night do you watch the market??
I normally go to bed around 1 am. But my body is programmed to get up around 4 am for NY closing.
Bought back 2 units at 674.
Short CZ1 on balance of 1 unit now at 888.
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