Friday, October 1, 2010

GMCR drifting


Markets are drifting at the moment, better to take a little profit and wait for what happens. The perfect Machiavellian plan would be to run it up to new highs and kill the shorts.

GMCR act IV

Gone short again in GMCR

GMCR act III

Got stopped out of GMCR and kept the loss small. It's great to make money but if you don't cut the losers small you will be finished.
Now just keep an eye on GMCR and see which way it goes.

GMCR act II



after covering the short, the only play is to take it long and play the bounce
GMCR long entry







bounce turned into a mini trend change, giving pesky short sellers pain for not taking profits when the candles said to.
I'm selling here into the surge of buyers and taking it short again as the markets are pointing down.

GMCR


I want to take advantage off the massive sell volume in GMCR to cover my shorts easily.


short entry















covered $2 lower