Question for the big chart traders

I normally just look at the daily for my trades. Recently I have been paying more attention the the 233. What do you do when the daily looks like it still has room to run but the 233 is looking like it could be topped out. eog is a prime example looks like a lot of resistance on 233 but still looks great on the daily.

There are too many variables to list.
- Happy with profit?
-season
-time of month
-earnings?
-split?

Typically staying would be the answer as the next bigger time frame typically drives the ultimate direction.

BCT

There looked to be a lot of resistance on the 233 the 50 200 top bollinger band. So I sold half of my contracts at a 40% profit on Thursday at the close. I sold the other half this morning at the open for a 60% profit. I took the money from the first sale and bought ma calls. Thanks for the response BCT.

Fading out of one, into another. Nicely done.

The MACD was still wide open on Thursday. Still a trade for a profit is always nice :-)

@richierick I feel much more comfortable being in a trade that I have taken some profit. I have had way to many trades reverse on me and turn a nice profit into a loss. Like bidu on 11/18 that one hurt.



Edited 1 time(s). Last edit at 12/23/2013 06:02PM by ncptech.