35854 replies to this topic

[Plasma]

Sold my short earlier from yesterday. Some great scalping opportunities flew past me, but that is fine. Sitting on hands now.

[Ninja]

as i said... shorts be patient.... hold on tight!!! If you in already, chances are you're in pretty close to the highs, maybe even multi-year highs. put in a fair stop for well deserved profits.... and wait a couple of months or so

[Argento]

Hi Lekkerry,

 

The market is doing what it does best, confusing the crab out of traders!

 

Today is important and will show us if that inverted H&S is valid or also maybe a double top pattern..?

 

She is still under her major bear downtrend line and you are right with May being bearish, so mr market will have to show us today!

 

A

Some trading perspectives 101:

 

1. No one person or institution is 100% correct, 100% of the time.

2. Trading success is the positive nett effect of your profits and losses

3. You can not blame, shame or accuse anyone one for the lack of profitable trades

 

With that out the way, one thing is very clear:

 

Jakes, you are correct about QE, it does seem to make null and void wave-trading or even long-term technical charting analysis. One big but... BUT

 

What I am seeing, any hype and bullish trends are very short lived and need constant reaffirming and vocal motivation and actioning from the big boys and governmental institutions.

 

My dilemma: I am divided between the charts (dailies) that tell me ALSI is well on its way to 34800, by when it will then only reveal the next move, be it up or down.

The alternative, moving from the charts to (fundamental?) seasonality, ALSI must retract tomorrow, substantially.

 

Argento, what is your take on today's happenings? I am sure even the big boys are confused, unless they purely trade by techs.

 

Any PowerStock subscribers here, what is Ultra S2 doing atm (is it long or short).

[JBlack]

US Futures at -0.04, FTSE flat, DAX +0.03

The only thing flatter that everybody watches so closely is Kiera Knightly's chest.....

[ClockworkOrange]

Resources to take Alsi higher today 

Hi

 

What's your view on BIL, has it reached potentially bottom for now (24500 area)?

[JBlack]

And that's with regards to trading I presume?

Im in short @ 34420..but I have a 15 minute rule..I have to be out every 15 minutes

[JBlack]

I have finally found out why the market behaved so strangely the last couple of weeks. It is because Metallica and Justin Bieber are here at the same time, and Bieber sold his show out and Metallica didn't. That's just not right....

[Ninja]

hehehehe..... told you so

[Beorn]

Ok,

who broke it?

Market behaving very strangely.

[JBlack]

You can't win it if you are not in it....

Lol playing this market day intraday is like a lottery at the moment!

[Beorn]

And there we go again, seems it was just to shake out the longs.

Also went long @ 34450.

[ClockworkOrange]

Long 1x 34420, bounce off bottom of the triangle, stop just below 34400.

[Sam]

Long @ 34552 40fut

A bit premature .... And that's that. :-(

[JBlack]

On the Twitter airwaves there is still a strong negative feeling regarding Draghi's negative deposit yield comments yesterday. Europe might just drag us down. Plus the fears regarding US jobs data has set in too. I always get the feeling some of these traders (institutional) know the data figures before release and you can see it in the market reaction throughout the day...

 

Once again I will wait a bit before I have a go but be careful with those longs for now I think...

[Beorn]

Lets see if we bounce of here.

[JBlack]

Still well done. In and out before breakfast.... Just like JZ....

Thanks, I had to scalp had 6 contracts

[Lekkerry]

Too fast imo. Gonna be a rikatiki day me thinks.

[Beorn]

That was a very fast test of 34500

[Hit & Run]

Nice little scalp....

Thanks, I had to scalp had 6 contracts

[Sam]

Long @ 34552 40fut