StockFetcher Forums · General Discussion · Just a Heads Up lV<< 1 ... 25 26 27 28 29 ... 41 >>Post Follow-up
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.

EWZuber
1,373 posts
msg #60363
Ignore EWZuber
3/11/2008 10:27:26 AM

Short QQQQ 42.02

EWZuber
1,373 posts
msg #60364
Ignore EWZuber
3/11/2008 10:45:03 AM

Long QID 55.73

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.

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.

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.

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??

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.

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.

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.

StockFetcher Forums · General Discussion · Just a Heads Up lV<< 1 ... 25 26 27 28 29 ... 41 >>Post Follow-up

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