35854 replies to this topic

[BBW]

When I grow up and become a real trader I would like an account like BBW's :-)

Haha, I wish. Definitely not big; I just "trade/invest" it to the fullest.

[Beorn]

I wonder where they get these idiots with the academic records to be FED presidents.
Anyone listening to her talk? She sounds worse than an EFF leader I can think of.
When asked about bubbles, she said the FED can not see any signs of bubbles, now that either means that they are all idiots, or all liars, I dont know which is worse.

[davidp13]

What time is she on?

[Sunesis]

Come Dr Yellen, take us to never never land

[Argento]

Just take a look at the 39800 demand zone. that's a 1800 sell off. we have never has more than 2000 point drop since 25 June.

If that breaks then hell breaks loose.

 

You can never be 100% in markets. But i am trading on market history.

Cool..tx!

 

Studying history and market patterns that repeat due to human nature is quite useful in this game!

 

A

[gringots]

Nope. Demo accounts teach you nothing.

When I grow up and become a real trader I would like an account like BBW's :-)

[Sunesis]

Waiting for S&P and Dow to turn then party starts

NASDAQ is already gone high, it did not waste time

Looks like S&P and Dow just turned.

 

Let the Party begin

[Sunesis]

Waiting for S&P and Dow to turn then party starts

NASDAQ is already gone high, it did not waste time

[Sunesis]

Hi S,

 

How certain are you our low is in?

 

A

Just take a look at the 39800 demand zone. that's a 1800 sell off. we have never has more than 2000 point drop since 25 June.

If that breaks then hell breaks loose.

 

You can never be 100% in markets. But i am trading on market history.

[Argento]

The US open dip and rise is here.

 

hold on its going to be bumpy

Hi S,

 

How certain are you our low is in?

 

A

[OceanWalz]

If we go under 39700 then we could see 38600

well, sometime I think the S&P must still settle its business with testing 1740 sometime before year end rally, or esp for that!-think yesterdays Correction on T40 does not need to be a one day affair -  we will then go below todays low if S&P test 1740 and maybe lower sometime? something to consider.

Today our market worried me that it could not hold onto those gains of early morning , at the moment we are below below our days openiing - did investors take  profit before what they see a bigger down or and maybe investors not seeing value ?

all indications are taht we are going to close below 40300 T40 / 40300 T40f's as well!

so more down , dont know how much ! problem with S&P , Dow is that after yesterdays eatring frenzy there is not much more realistic upside to that short covering - so lots of risk for small gain possibly?? \

and I am long atm 

 

however on the S&P (my measuring rod for USA):

• Also a bullish engulfing candle pattern the past two days. 
• This also goes without mentioning the move came on the heels of respectable gap down in the SPX yesterday which obviously was wiped out. S&P500 also bounced off of the 20-day moving average yesterday which continues to provide solid support for the markets
• Support will be the rising 20-day moving average as the bulls continue to buy the dip off of it. 
• The break to new highs was important and sets a strong bullish tone for the markets going forward.
• Watch CSCO and the effects it has on the market today. It is weighing heavily on the Nasdaq and plenty of tech stocks individually. 
• Volume was average yesterday. SPX back into overbought territory. 
• VIX dropped to 12.52 yesterday. 
• A confirmed inverse head and shoulders pattern on the 30-minute SPX chart. 

[BBW]

R60k on a demo account?

Nope. Demo accounts teach you nothing.

[Redeemer]

surely it must be a demo account

 

R60k on a demo account?

[Sunesis]

The US open dip and rise is here.

 

hold on its going to be bumpy

[Lekkerry]

R60k on a demo account?

 

Lesson learned today: Revenge trading can work, but keep to your Targets and Stops. And (ONCE AGAIN) don't get greedy and think FOR the market; do as the MARKET does!

 

Had 3 standards short last night which ran into a R60k loss by the time I closed it last night (I thought the S&P will repeat the previous day's antics). Then immediately opened a 5 big ones on a long (revenge), and when it hit 40600 this morning I was already in profit by a bit, but then got greedy and changed my TP to a trailing SL which I adjusted downward, as I couldn't believe it when the market dropped again.  Now I'm once again in the position of trying to recuperate my loss, but unsure and much less bold.

 

Trading's definitely not for the faint-hearted, especially when on the edge all the time...

[Beorn]

anyone know where Yellen will be broadcast?

Bloomberg?

[Lekkerry]

This market is volatile atm - bearish action if you ask me. Looking at the 1d and how ALSI was whipped up and down today, I see the 1d BBL band that needs to be touched before any major move up again (+- 40060 (J200) range).

[Sunesis]

[Argento]

Yeah A, you recommended this book to me and I've read it twice now, it really is an awesome read!

He made the same mistakes we do..and once overcame..worth 100mil in the early 19's. Also reading it again..

 

Trading is not easy...need to squeeze the juice but it is worth it and hunderds of thousands/millions comes easier than the thousands made in the days of ones ignorance/lack of experience!

 

A

Edited by Argento, 14 November 2013 - 03:44 PM.

[Olymphia]

The answer is simple

Where do you think Sunesis favours

All my trades are one way and you know which side

up it is then.............................