35854 replies to this topic

[Sunesis]

Second long 40725

[The Batman]

You know whats the funny thing.

 

Sunesis is motivating you guys to buy. Yet on Friday he said he's out of the market with his trades. Hmmmm....

 

Bulls can't always rally. Expect a dip for the next few weeks. This US Stimulus will effect us the hardest.

 

I'm holding on to my CFR, SAB (With foreign functional currencies). The rest I'm out

 

Also look at the really LOW VOLUMES of trading since last week. This makes the market EXTREMELY volitile to up and down trends.

 

I am The Batman

[The Batman]

You know whats the funny thing.

 

Sunesis is motivating you guys to buy. Yet on Friday he said he's out of the market with his trades. Hmmmm....

 

Bulls can't always rally. Expect a dip for the next few weeks. This US Stimulus will effect us the hardest.

 

I'm holding on to my CFR, SAB (With foreign functional currencies). The rest I'm out

 

Also look at the really LOW VOLUMES of trading since last week. This makes the market EXTREMELY volitile to up and down trends.

 

I am The Batman

[Olymphia]

Just hold your trades. Don't sit there and look at every tick. I don't see us going down. Just sit there and hold on. 

 

This is were we are going today.

 

Markets go up and down to get to their destination, just because you see a red candle does not mean we are going down.

Don't expect to make profit in 2 minutes. Put your trade and go watch a movie.

 

Relax and enjoy 

 

Viva La Bull        

 

S

 

With your advice for guys to hold their trades, they should have enough margin in their accounts, if A is right, to handle the ride. 

 

O

[The Batman]

You know whats the funny thing.

 

Sunesis is motivating you guys to buy. Yet on Friday he said he's out of the market with his trades. Hmmmm....

 

Bulls can't always rally. Expect a dip for the next few weeks. This US Stimulus will effect us the hardest.

 

I'm holding on to my CFR, SAB (With foreign functional currencies). The rest I'm out

 

Also look at the really LOW VOLUMES of trading since last week. This makes the market EXTREMELY volitile to up and down trends.

 

I am The Batman

[The Batman]

You know whats the funny thing.

 

Sunesis is motivating you guys to buy. Yet on Friday he said he's out of the market with his trades. Hmmmm....

 

Bulls can't always rally. Expect a dip for the next few weeks. This US Stimulus will effect us the hardest.

 

I'm holding on to my CFR, SAB (With foreign functional currencies). The rest I'm out

 

Also look at the really LOW VOLUMES of trading since last week. This makes the market EXTREMELY volitile to up and down trends.

 

I am The Batman

[Argento]

Thanks for your take A, was wondering if the expected bounce for today is in or not - trading last 2 30 min candle one would think so - yet think there is more green retesting - any view?

Hi O,

 

She is about to make a bearish cross on the 60 min chart (not bullish), and with the weekly bearish doji I am staying short, if she bounces more I will sell into strength!

 

US charts more likely of putting in a top rather than consolidating!

 

A

Edited by Argento, 11 November 2013 - 10:17 AM.

[Sunesis]

Buy your 1st dip here 40825

[Queen B]

We might might go a little down on London open, use that chance to  buy because around 13h00 the market will breakout to the upside.  Just before US open close. During US open it will come down again, use that to open another long. That's how it will play out today

Isn't US closed today?

[Sunesis]

Hi S,

 

Are you not worried about the noticeable weekly bearish djoi (gravestone) candle, overbought weekly MACD together with sentiment? Surely it indicates on weakness ahead?

 

A

We might might go a little down on London open, use that chance to  buy because around 13h00 the market will breakout to the upside.  Just before US open close. During US open it will come down again, use that to open another long. That's how it will play out today

[OceanWalz]

Two scenario's how November can play out:

 

(1) We resume the downtrend after today's green day and put in a low (40350ish futures) come friday and make new highs after.

 

(2) We continue up this week and possibly make a new high/top come friday before a bigger correction start into the 28th November and only then put in the low at (40350ish futures).

     

Considering Friday's strong up move by XLF but looking at sentiment (bears 16%) it favours a bigger correction around the corner and I'd go for option 2, don't forget...November is seasonally weak!

 

In the bigger context it looks like we have started a top pattern that should end with a new high in December and kick off the long awaited short bear market...just my 2c!Weekly MACD very overbought and if we print a new high come Friday it should create negative divergence for that top...

 

A

Thanks for your take A, was wondering if the expected bounce for today is in or not - trading last 2 30 min candle one would think so - yet think there is more green retesting - any view?

[Argento]

Just hold your trades. Don't sit there and look at every tick. I don't see us going down. Just sit there and hold on. 

 

This is were we are going today.

 

Markets go up and down to get to their destination, just because you see a red candle does not mean we are going down.

Don't expect to make profit in 2 minutes. Put your trade and go watch a movie.

 

Relax and enjoy 

 

Viva La Bull        

Hi S,

 

Are you not worried about the noticeable weekly bearish djoi (gravestone) candle, overbought weekly MACD together with sentiment? Surely it indicates on weakness ahead?

 

A

[K~~]

Where do you get those pics, S. I just have to smile when you post them. You're almost turning me into a bull!

 

K

 

 

Just hold your trades. Don't sit there and look at every tick. I don't see us going down. Just sit there and hold on. 

 

This is were we are going today.

 

Markets go up and down to get to their destination, just because you see a red candle does not mean we are going down.

Don't expect to make profit in 2 minutes. Put your trade and go watch a movie.

 

Relax and enjoy 

 

Viva La Bull        

[Sunesis]

Can someone please tell me why we are going down? Nikkei is up Dow is up FTSE is up only S&P down?

Just hold your trades. Don't sit there and look at every tick. I don't see us going down. Just sit there and hold on. 

 

This is were we are going today.

 

Markets go up and down to get to their destination, just because you see a red candle does not mean we are going down.

Don't expect to make profit in 2 minutes. Put your trade and go watch a movie.

 

Relax and enjoy 

 

Viva La Bull        

[voël]

Can someone please tell me why we are going down? Nikkei is up Dow is up FTSE is up only S&P down?

[Argento]

Thank you Argento; best advice ever! Except, I should have done exactly as you said and closed my positions immediately and not with trailing SL's. Anyway, halved my loss. Now just the emotional game of forgetting about this trade, or actually, as you said, reopen it later today to "resume" my short (and actually consider it one trade, but just being slightly better of than I would have been, had I not "split it up".)

 

Anyway, amazing (to me as a layman) how you read the charts so accurately. One day... (I'll be there too I hope )

Two scenario's how November can play out:

 

(1) We resume the downtrend after today's green day and put in a low (40350ish futures) come friday and make new highs after.

 

(2) We continue up this week and possibly make a new high/top come friday before a bigger correction start into the 28th November and only then put in the low at (40350ish futures).

     

Considering Friday's strong up move by XLF but looking at sentiment (bears 16%) it favours a bigger correction around the corner and I'd go for option 2, don't forget...November is seasonally weak!

 

In the bigger context it looks like we have started a top pattern that should end with a new high in December and kick off the long awaited short bear market...just my 2c!Weekly MACD very overbought and if we print a new high come Friday it should create negative divergence for that top...

 

A

Edited by Argento, 11 November 2013 - 09:23 AM.

[voël]

Good Morning Fellow Traders,

 

Long since Friday- IG 40823. Do you guys think will will get to 41000 today?

 

Cheers

[voël]

Good Morning Fellow Traders,

 

Long since Friday- IG 40823. Do you guys think will will get to 41000 today?

 

Cheers

[Plasma]

106 points bagged for the day.....will enter again .....

[Plasma]

Good morning traders. May we all enjoy major returns on our trades this week!


Been long @ 40 882 overnight. Not yet green, but movement on 5 min chart seems positive. Might take profit and enter again lower if opportunity arises.

Damn... Forgot I had a 50 point stop. Stopped out with 50 points in bag.....will check for new long entry.