kcku, we bailed out of ERX already. My target was between 29-30 and it hit that target on thursday i believe. and are 100% right, i do a nasty looking bear flag forming on XLE and ERX. those are high probability shorts now.
Welcome to The Impatient Trader blog. This blog discusses my experiences and my style of trading. This blog is for entertainment and educational purposes only. The trades discussed here are MY trades. You make your own trades and you and only you are responsible for your trades. Ideas and opinions discussed on this blog and elsewhere by The Impatient Trader or TraderStewie are not in any way recommendations to buy or sell securities or investment advise.
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4 comments:
Stewie- Most of the picks from my new blog did really well !
http://nyctrader.blogspot.com/
NYC trader, there's a typo in your header. Says "you might loose" should be, "you might lose"
Stewie, what is your target for ERX? or you are out of it already?
MACD on XLE chart is showing bearish sign, wide divergence heading down, like you said in the last post.
There is also a Bear flag forming in the past few days, XLE might bounce down on the 200MA, and ERX will go down
kcku, we bailed out of ERX already. My target was between 29-30 and it hit that target on thursday i believe. and are 100% right, i do a nasty looking bear flag forming on XLE and ERX. those are high probability shorts now.
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