26/07 Week, page-647

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JabraD

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30/07/21

20:57

Post #: 54919879
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Originally posted by TheFadz: ↑

Nope
A stop guarantees I'll lose my money if it dips (I still believe the above gap will close. If not today then monday)
But I closed my first long position
I now have 2 long positions left
7385 & 7380
I'll keep selling 1 as it bounces & play with the sideways trading while I wait
If it doesn't dip again I still have 1 long position left to hold

First I want to see if the US will get back to last night's close price (Ftse also should get back to 7080 at some point)
I will change to a short if it looks weak again or gets anywhere near the top
Which is what my plan was this morning before the bears got greedy
Even happy to hold both a short & a long position until the new trend forms (but I still think shorting down here is too risky)

Indicators were telling me to go for a long so I did

Yesterday I made almost 100 points out of pure luck because I followed my indicators & let it run as the trend continued
I'm hoping today does a similar effort (obviously not the same gains but something out of all this waiting)
If it ever decides to get back into a bullish trend
10-20 point trades are keeping me honest atm
Haha

When I go to sleep, I'll put a stop but by then I should have an idea where the market is going & I'll either change my position or get out of the market if I'm not confident

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what gap above sorry?

XJO Value at posting: 7,392.6
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0 Great analysis

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