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Nikko
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Today should really revolve around TA as the news is positive and not much to look forward to until the morning. That being said it should be an easy uptrend, yet it is playing with my emotions, - Either way I will not exit my positions until my goals are reached or 19, not what I expected initially
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Wow that says something... Takes 2 hours to break through 23.50 resistance yet 20 min to break 23.50 support, what is with these dips?
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Yes we are showing power here. I thought this was going to happen 3 hours ago I've been waiting wondering how and why we are dropping after the gap... Anyway, we gave it a hard test @ 25.50 so I think we will break through this effortlessly as well, with not much more resistance @ 27.50. I might exit around 27.50 since I'm in deep with the compounding, or at least release half the contracts we will see here shortly
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It would be key if we could break 25.25, 23.50 seemed to take exactly 4 tests before it broke. That is actually surprising, today is not an easy day, but I could exit with a decent profit. In all reality nothing is stopping us after 25.25 besides a little more resistance at 27.50 but not too much. About time...
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Tuesday / Wendsday I will move to the Sept depending on the price of the two. I am more comfortable with June vs Sept price currently
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So I am positive as of 22.75 which is good ( hopefully not only for 2 min like last time ). I do not believe this is a fake so as my initial outlook I feel comfortable with my goals
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Yeah, well it actually has no difference especially since I do not trade 100 contracts regularly. Plenty of volume and correlation is +/- .25 I do this for my own reasons there is no downfall.
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Broke the trend, now lets see what we can do? I truly believe we should hit mid 30's or above. Especially towards EOD
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Oh most definitely. I just compounded some more contracts at 21.25 so brings my pivot to 22.75 - I could not ask for a better set-up but will be done trading if it falls below 19 - Still believing in mid 30's
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Thanks Negotiator, but I'm sticking to June... I will trade Sept Next week, so your trading Sept I take it.
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Back to slightly negative lol - Ok I'm telling you I have a strong grasp on the momentums and a long pattern of the markets but I will be convinced after we break 20's now, with the compound of contracts my pivot price ( where I am flat ) is now 24.50. Granted I won't be happy if I get stopped out but 24.50, I could not ask for a better position
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P&L is positive, this is what I like to see! Ok I still believe we should hit mid 30's with ease here shortly...
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Until the 15th - You?
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We did technically just " fill in the gap ". Low 20's are hard support so besides the gap we really have not fluctuated much negatively that is the reason for me still having confidence of a positive day or else I would have done a reversal a long time ago.
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No I understand, Greece is said to be pulling out of the Euro though which is speculated good news. Greece, Spain and Asia at least for today I thought was positive