35854 replies to this topic

[JBlack]

I have to say it: US futures still red, Europe not really bouncing like us except for - - - - - Zee Germans....     

[Lekkerry]

Plasma, did you get out in time?

[Argento]

Negative divergence or not, she keep marching on, still hoping for some sort of pullback! 

 

Learned again the hard way, big money lies in the big swings, should have stayed long but hindsight...

 

With the forexpros charts being out with 240 points vs IG charts think that messed up my calcs

 

Trend is up and somewhere she has to start loosing momentum (don't ask me when) and form that island top!

 

Still think this is an oversold bounce and we are going to continue the correction after 17th May, I have been here before, 2 months along the line and the US tanks, this is not healthy!!!!!

 

QE is just a bubble waiting to burst!!

 

A

Argento, we (ok, I) seriously could do with an assessment, what you making of this? My target of 36000 (J200) is now at hand, what do you see?

[Lekkerry]

Didn't think about the all-time high. When (not if!) we sail past 36000, then the next stop is a test to the high!

[Beorn]

We last had a climb like this in March 2009

[Ninja]

390 points away from all time high.

 

and I think we will blow past that.

alternatively... we could tripple top.... sell in may and go away

[Beorn]

390 points away from all time high.

 

and I think we will blow past that.

Edited by Jakes, 09 May 2013 - 09:43 AM.

[Lekkerry]

Argento, we (ok, I) seriously could do with an assessment, what you making of this? My target of 36000 (J200) is now at hand, what do you see?

[JBlack]

Even the market makers thought we would go down. IG offering no binary ladder options above 36000 on Top40. All their ladder options are around 35200-35800.

 

Just shows you!

[Lekkerry]

Short, you? 

 

Not the best move...

 

This is bizarre!

 

Still got my target and out.

Now taken a short @ 36040

[Beorn]

ha, here we go again.

Out of short,

R/$ down R/GBP down, Gold down, Brent down

We shooting the lights out again. Well done to the loons though

[ClockworkOrange]

doubled up at 36040

wow that was a bad trade, out with 3k loss ...

[ClockworkOrange]

short 1 x 35940

doubled up at 36040

[Beorn]

Why long all pointing red, i have read so many guys that say trade the day and what you see not what you expect, please help i want to short.

 

Still got my target and out.

Now taken a short @ 36040

Edited by Jakes, 09 May 2013 - 09:18 AM.

[Lekkerry]

I won't really call this a downtrend bear catcher. The market moves in zig-zag patterns. This (for now) is but a normal and expected movement in this zig-zag pattern. If you trade by chart techs, the attached basic chart will show you, using 1d, there is little to none reason for a downward movement yet. In fact  the red arrows all point to very bullish and trending indicators stating this bull run ain't over yet.

 

One caution though, ALSI (and intl markets) are now trading a sort of anti-pattern, so any sign of negative news will cause very volatile movements (big spikes), which makes trading longs with geared products risky if you don't monitor it closely.

 

Just noticed the down push now. A break below 35600 (J200) will indicate some bearish sentiment.

 

Hi Argento

Things looking red, is this the beginning of the down trend, or should we wait until 36200?

 

Attached Files

•  scedited.jpg   40.46KB   20 downloads

[ClockworkOrange]

short 1 x 35940

[Beorn]

Why long all pointing red, i have read so many guys that say trade the day and what you see not what you expect, please help i want to short.

 

Wanted to get the short going, the market has been doing the opposite I say my last couple of trades, so thought I'd BS it

Just kidding, thought we would bounce first, but seems like we wont.

[Plasma]

Dead Man Walking has got some breathing space ....

[bear catcher]

Long @ 35960

target 36027

Why long all pointing red, i have read so many guys that say trade the day and what you see not what you expect, please help i want to short.

[Beorn]

Long @ 35960

target 36027