EXPRESS TRAIN IS HERE
Those who were brave in the afternoon and bought between 39800 and 40000, keep youR longs. We are going to be rewarded tomorrow
The 5 leg correction is finished.
Posted 21 November 2013 - 10:47 PM
EXPRESS TRAIN IS HERE
Those who were brave in the afternoon and bought between 39800 and 40000, keep youR longs. We are going to be rewarded tomorrow
The 5 leg correction is finished.
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Posted 21 November 2013 - 10:04 PM
This waves are interesting for the bulls and bears.
Bears know it will hit 39800, so they stay short. And hope it hits and breaks it.
Bulls know that 39800 is coming, they hope it hits and bounces.
What i can say is that both bulls and bears are making money at the moment.
When market is playing mind games like this, its best to stay with your bias.
If you start chopping and changing everyday, you will loose money.
Trend is your friend, the rest is just noise
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Plasma, you should have read this.
Stick with the trend
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Posted 21 November 2013 - 09:54 PM
Nobody else to share with....my sorry tale of today.
Tuesday was great....even the 2 silly longs last night. Went long this morning during the dip...2 longs at different levels. Then we dropped some more. Decided to hedge with a short ....and did not tick force open ...thus both longs got closed. Since it was a large amount relative to my account, I then was forced to take a smaller long a bit later and made up about a third of the loss.
Then went long again....no stop loss...over confident in the bull. Well, we had the drop and drop, and my account took severe critical strain by the time I saw it. Then all tempts to save the day went for a ball...
Now we are nearly back where I started this morning...and I am not able to jump on train...since I said if I loose this money, then will only trade next year again....thus not touching my other capital.
This is hard ...and flippen sad
Hope you make it through!
Posted 21 November 2013 - 09:50 PM
The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business.
Posted 21 November 2013 - 09:08 PM
I'm not bullish or bearish but see a head and shoulders reversal pattern has happened and this could just be a retrace...long term trend is bullish...short term is bearish but tomorrow we will experience a lift in the markets....
my 2c
But I'm only a humble student subject to correction.
Posted 21 November 2013 - 08:38 PM
I think we will be lucky if we go up +- .9% tomorrow.
I can't see that happening though.
But I do not have a crystal ball, so I will stick to the trend as and where it goes.
Trend is Bullish.
Correction is over. The 5 waves are complete
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Posted 21 November 2013 - 08:25 PM
I think we will have a 2% up day tomorrow. Green GREEN GREEN
I think we will be lucky if we go up +- .9% tomorrow.
I can't see that happening though.
But I do not have a crystal ball, so I will stick to the trend as and where it goes.
Edited by Jakes, 21 November 2013 - 08:26 PM.
Alsi future
I only post my views, not advice
Posted 21 November 2013 - 07:15 PM
I think we will have a 2% up day tomorrow. Green GREEN GREEN
US still holding strong.
4hours to go.
We have FED bullard speaking at 20h00, he is a hawk. Just hope he does not say anything stupid
US markets still holding above pivot
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Posted 21 November 2013 - 07:00 PM
have to disagree there S..Think we are as low as we will go for awhile
I think we will have a 2% up day tomorrow. Green GREEN GREEN
Posted 21 November 2013 - 05:51 PM
have to disagree there S..Think we are as low as we will go for awhile
It was just my 2c.
As i still say, US close will decide our fate tomorrow.
So far so good in US markets, 5 hours to go for bulls to feel some relief.
A lot can happen in 5 hours in the markets.
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Posted 21 November 2013 - 05:44 PM
Went long at 40000
Lets see how the US closes.
Posted 21 November 2013 - 05:29 PM
Senate Banking committee confirms Janet Yellen to be new Fed chair, 14-8; nomination now goes to full Senate
Have a feeling we are going to deep tonight, then Asia will take us higher. Then London will the start the bull run.
But the market needs to just flush out a few stops below 39800 overnight.
It usually happens before a bull run starts.
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Posted 21 November 2013 - 05:19 PM
5H bearish cross confirmed and its classic bounce to pump and dump!
So how high do we go before the final nasty leg down...
A
What about the hourly downtrend line @40300-ish (Cash)?
"The Stock Market is never obvious. It is designed to fool most of the people, most of the time." - Jesse Livermore.
Posted 21 November 2013 - 05:15 PM
I have a 40400 high and a 39300 low in that order in the next two weeks...Hopefully it wont be the other way around
5H bearish cross confirmed and its classic bounce to pump and dump!
So how high do we go before the final nasty leg down...
A
"Never never never give up!"
Posted 21 November 2013 - 04:59 PM
We can even draw a line from 13 November low and today's low on the 4H chart.
Its going to be the longest US session for the bulls.
I can't see it going below 1770 tonight. We will bounce tomorrow.
"The Stock Market is never obvious. It is designed to fool most of the people, most of the time." - Jesse Livermore.
Posted 21 November 2013 - 04:53 PM
We can even draw a line from 13 November low and today's low on the 4H chart.
Its going to be the longest US session for the bulls.
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Posted 21 November 2013 - 04:52 PM
We just need to survive tonight.
I also feel like it is war and bombs are dropped everywhere! Just make it to live another day!
Posted 21 November 2013 - 04:49 PM
Holding on for dear life.
Every bull is counting their blessings now.
I'm not even taking a look at our market anymore.
Best to look at the S&P. It's going to decide our fate.
1770-1775 needs to hold tonight.
We just need to survive tonight.
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Posted 21 November 2013 - 04:45 PM
Look just basing this on sell the rumour buy the news and perhaps a hunch..Fortune favours the brave? But then again trade in haste repent at leisure..I suppose time will tell
Normally when we get a 5H bearish cross she bounces good!
But that is before the final whack down...I am waiting for that where the longs going to get squeezed bigtime!
After we should resume the next bullrun into next year!
A
"Never never never give up!"
Posted 21 November 2013 - 04:39 PM
If you have a weak heart stay out
BHP,NPN,SAB,CFR still above their key supports.
Looks like the will be a lot of buying tomorrow.
The last wave down, will be a big test for bulls.
Only the brave will buy this.
I'm going into one of them cause I have to go big or go home
But I'm only a humble student subject to correction.