EWZuber
1,373 posts
msg #60362
- Ignore EWZuber |
3/11/2008 10:15:54 AM
A bounce up off the 5m/10.MA to retest pattern TLR.
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EWZuber
1,373 posts
msg #60363
- Ignore EWZuber |
3/11/2008 10:27:26 AM
Short QQQQ 42.02
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EWZuber
1,373 posts
msg #60364
- Ignore EWZuber |
3/11/2008 10:45:03 AM
Long QID 55.73
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maxreturn
745 posts
msg #60365
- Ignore maxreturn |
3/11/2008 10:45:27 AM
Zuber, you are SO right. I was seriously thinking late in the day yesterday of buying calls on the SPY for a short term hold. Very OS on daily and weekly charts and close enough to the January lows. I figured there was a HIGH probability of an announcement that would jack the market...at least on a short term basis.
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EWZuber
1,373 posts
msg #60366
- Ignore EWZuber |
3/11/2008 10:59:03 AM
Closed QID at 55.56. Timing was not perfect on entry. Missed the peak.
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nikoschopen
2,824 posts
msg #60368
- Ignore nikoschopen |
3/11/2008 11:14:01 AM
The market is holding up pretty nicely so far. A flood of sell orders should have sent this market much lower by now. Unless there's a major pullback anytime soon, there could be a flurry of buy programs that will push this market higher towards the end of the day.
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EWZuber
1,373 posts
msg #60369
- Ignore EWZuber |
3/11/2008 11:25:14 AM
I was concerned about that as the pattern TLR was being violated on the 5 m chart so I closed the QID.
Now I could be in a bit of a spot. If the 10 HR.MA can flatten out it will likely be used as support and my QQQQ short position could be in jeopardy. Should be no big deal but I can not close that position without violating the PDT rule.
I'm not sure what they will do to me if I do, maybe cut off my manhood, not sure.
I know they will not let me trade anymore according to their pop-up.
Does that mean forever...and ever??
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nikoschopen
2,824 posts
msg #60370
- Ignore nikoschopen |
3/11/2008 11:28:36 AM
I read elsewhere that once you break the PDT rule, IB will not allow you to trade until ure account balance is back above 25,000.
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EWZuber
1,373 posts
msg #60371
- Ignore EWZuber |
3/11/2008 11:47:27 AM
Thats what the pop-up said. I sent a message to them and asked what my penalty would be.
I won't take a big loss on this position.
I see the market has finally moved my way though, broken through the triangle pattern and broken the 5m/25MA.
Nexxt stop is the 5m/50MA at 41.65.
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nikoschopen
2,824 posts
msg #60372
- Ignore nikoschopen |
3/11/2008 11:52:51 AM
The market might get a bounce from here. S&P just hit Friday's low.
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