Thursday, February 09, 2006

Still in the Trade

Yesterday I went long QQQQ calls (Feb $40-QQQBN) and kept the position on overnight. My trading system is getting VERY close to indicating that I close the position. The RSI 5 topped above 70, and now I'm just looking for a crossing of the simple moving averages. The moving averages cross is a method used to squeeze a bit more out of the trade. But I'll be looking to end this ride at a moments notice.
Trader Tyler

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