This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com
The bad and ugly to follow….
Trade: Short QQQQ
Trade: Short SSRI
Trade: Long SSRI
This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com
March 3rd, 2007 at 8:59 am
nice trades…what caused the switch to the smaller time frames?
March 3rd, 2007 at 10:01 am
Thanks John. I saw the potential for the breakdown of the market. 30 min or 15 minute chart would have played the same or similar on the QQQQ trade as the O/R low was the same, and I played the pop in ticks instead of a break of a candle. SSRI 15 minute looked smooth and orderly. I don’t like to go any shorter than that…..and I didn’t want to miss the break-down after missing it twice ;). I am not too happy with the first SSRI play, as I entered WAY late in the drop.