31 votes
Member
Posted 30 January 2014 - 11:29 AM
C, Tried that last year and it's too risky for me. If you have a breakout either way and you close the profitable position you run into more losses.
I agree it is risky, but if you get a breakout then you close the position that is in a loss and you run the profit of the other. But yes on paper many things make sense...
Little Master
Posted 30 January 2014 - 11:18 AM
That 2nd part of your statement is what got me during the volatility yesterday afternoon...went short and got klapped by the return move....went long and nearly had whiplash went I looked at the screen again....my method of monitoring and physically managing my SL went big time out of the window with the sudden massive drop again....got hurt big time...
It might be a bit risky but at the moment i have both long and short positions open. As soon as the long in nicely in the profit +/- 200 pts I wait for a bit of a reversal then I take profit or vice versa. Hope it makes sense
P, that was me last night. But had very tight SLs. For that reason I'm not trading today until I see a real move.
C, Tried that last year and it's too risky for me. If you have a breakout either way and you close the profitable position you run into more losses.
Sage
Posted 30 January 2014 - 11:12 AM
Wait for 13h30-14h30 rally then take shorts
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Silfen Path Wanderer
Posted 30 January 2014 - 11:10 AM
Good question. I'm just gonna laugh at the Alsi. Think it's trying to take everyone to the cleaners then move in its direction(where ever that might be).
False break below 40800?
The moment you think short, its too late and vice versa. If you trade with a 200 point stop loss you might as well go to Grandwest casino. Lol.
The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business. 
Little Master
Posted 30 January 2014 - 11:02 AM
Waited until 20 minutes into active EU market and then took sells on FTSE:
To be down come 14h00 and
To be below 6545 at 14h00.
Already in the blue (green).
Member
Posted 30 January 2014 - 10:52 AM
Good question. I'm just gonna laugh at the Alsi. Think it's trying to take everyone to the cleaners then move in its direction(where ever that might be).
The moment you think short, its too late and vice versa. If you trade with a 200 point stop loss you might as well go to Grandwest casino. Lol.
It might be a bit risky but at the moment i have both long and short positions open. As soon as the long in nicely in the profit +/- 200 pts I wait for a bit of a reversal then I take profit or vice versa. Hope it makes sense
Little Master
Posted 30 January 2014 - 10:45 AM
False break below 40800?
Good question. I'm just gonna laugh at the Alsi. Think it's trying to take everyone to the cleaners then move in its direction(where ever that might be).
The moment you think short, its too late and vice versa. If you trade with a 200 point stop loss you might as well go to Grandwest casino. Lol.
Sage
Posted 30 January 2014 - 10:40 AM
False break below 40800?
Little Master
Posted 30 January 2014 - 10:31 AM
I listen to everything but have my own method of calculating a trade to make. Usually 5 factors and if all 5 are in place then its a go. If 4 out of 5 are in place then it is open for consideration. The US opening disaster last week had 5 out of 5 ticks and it still bombed - not good for one's confidence as trader. And yes - I know - stick to your method and rules and money management. I did but failed - the irony is I "felt" and had an instinctive twirl in the back of my mind that something is not right but stuck to the rules - shows you!
Do the same, but even the most successful strategies sometimese fail. Last week I had a spectacular week and this week I'm breaking even, but my confidence and mentality took a severe knock. So I'm extra vigilant and playing it safe. We just need to ride out this wave then we'll be back to printing money.
Sage
Posted 30 January 2014 - 10:17 AM
My broker just reduced my spreads. I'm getting 0.3 spread this days.
Average spread 1pip. Life is good
I need S&P right shoulder to come through.
I have longs in DAX and Nasdaq.
I'm not saying buy ALSI, but i would rather sell ALSI on rallies.
Other indices are different to ALSI
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Little Master
Posted 30 January 2014 - 10:16 AM
I find trading like body surfing, catch the right one and you will make it all the way to the beach.
Sage
Posted 30 January 2014 - 10:08 AM
I dont know much but the trend is your friend and the quicker you accept that the trend has changed the better. Last year was up and me and a lot of guys on the forum lost money going short as we believed the market had to correct.I only started making money when i went long, Sunesis with his almost unbelievable posts helped me a lot.Well he is at it again and rather short with him than trying to go against the trend. In my opinion all the things the short guys said last year is gonna happen is playing out.Go Sunesis Jakes viva la bear!!
Skep tewyl dit reen is over.
Bernanke is not throwing cheap money anymore
Some come to the party late and get mowed
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Sage
Posted 30 January 2014 - 09:59 AM
Are you sure you didn't mean 9 minutes - ALSI plummeted by 400 points
Guess ALSI goes 1st before the rest of the global indices. It did complete it's right shoulder.
If S&P goes before it completes right shoulder, then the drop will be worse. Maybe 20-25%
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Member
Posted 30 January 2014 - 09:58 AM
Hi all
Its been one up and down week.
Im just curious what does this mean for the big pension funds, the month of December ended 41700 (OST) and now we're a 1000 points below that. Are they just gonna let the market go even lower, or is there a possibility of them trying to push the market up until friday ?
I put in a small long at 40726 ... but the ALSI allready testing the 40650 level.
Sage
Posted 30 January 2014 - 09:55 AM
Technicals on ALSI say 40300 should be the 1st target on the way down to 39000.
Technicals on S&P say a right shoulder needs to form before down move.
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Sage
Posted 30 January 2014 - 09:52 AM
IG CASH
Advanced Member
Posted 30 January 2014 - 09:50 AM
The Bull is limping.
Within the next 9 days, fireworks will explode.
Copper is sitting on 200MA, once that breaks, stock market will follow.
Keep your shorts on ALSI. Any upside will be short lived.
Use proper money management. Don't be greedy
Are you sure you didn't mean 9 minutes - ALSI plummeted by 400 points 
Sage
Posted 30 January 2014 - 09:44 AM
Baltic dry... Sad picture.
The Bull is limping.
Within the next 9 days, fireworks will explode.
Copper is sitting on 200MA, once that breaks, stock market will follow.
Keep your shorts on ALSI. Any upside will be short lived.
Use proper money management. Don't be greedy
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Little Master
Posted 30 January 2014 - 09:36 AM
You not alone JB. I tend to block out the media as it is mostly noise, but one can't help but wonder based on the action we've seen recently.
If you look at experienced trader's such as Argento, he is still long and holding. We didn't drop below 407 yesterday, so my mind is telling me long, but am afraid it's just a trap.
Binaries, puts and calls are relatively expensive on either side. Long and short.
I listen to everything but have my own method of calculating a trade to make. Usually 5 factors and if all 5 are in place then its a go. If 4 out of 5 are in place then it is open for consideration. The US opening disaster last week had 5 out of 5 ticks and it still bombed - not good for one's confidence as trader. And yes - I know - stick to your method and rules and money management. I did but failed - the irony is I "felt" and had an instinctive twirl in the back of my mind that something is not right but stuck to the rules - shows you!
Little Master
Posted 30 January 2014 - 09:17 AM
They were down almost 3.3% at one point.....
I just don't know - this forum is forecasting doom, the media is forecasting doom but yet - futures are up and Asia made a significant recovery at the end....
They were down almost 3.3% at one point.....
I just don't know - this forum is forecasting doom, the media is forecasting doom but yet - futures are up and Asia made a significant recovery at the end....
You not alone JB. I tend to block out the media as it is mostly noise, but one can't help but wonder based on the action we've seen recently.
If you look at experienced trader's such as Argento, he is still long and holding. We didn't drop below 407 yesterday, so my mind is telling me long, but am afraid it's just a trap.
Binaries, puts and calls are relatively expensive on either side. Long and short.
