35854 replies to this topic

[Beorn]

Cmon baby, break 34800

Taken some more profit @ 34800, left with about 1/4 of original long.

[Lekkerry]

... the build has been building up for the past three months now... Join the winning side, contemplate going long if your indicators point up!

 

Obviously the answer everything point down and still we go up, hope this is the build up to the down turn

[bear catcher]

Cmon baby, break 34800

Not today trade what you see

[Beorn]

Cmon baby, break 34800

[bear catcher]

That's the beauty of QE pumping $85 bil into the market every month, there doesn't need to be a reason, do you think there was a reason for us to make our previous high?

Absolutely no fundamental reason for us to even be this high.

Obviously the answer everything point down and still we go up, hope this is the build up to the down turn

[Beorn]

I hear what you're saying.... However, I am thinking everybody is pulling down towards that point? imo. Can't see a reason for us to go further up...

 

That's the beauty of QE pumping $85 bil into the market every month, there doesn't need to be a reason, do you think there was a reason for us to make our previous high?

Absolutely no fundamental reason for us to even be this high.

[Lekkerry]

If you keep your eye on the bigger (longer term) picture , you tend to lose-out on the shorter term movements. ALSI IS going up, no argument there (for now).

[bear catcher]

Agreed!

 

Scratch that please, let's say soon then....!

 

A

 

Hi A now you make me worry, yes in the futher we will go down

[JBlack]

And yet we go up....

[JBlack]

I hear what you're saying.... However, I am thinking everybody is pulling down towards that point? imo. Can't see a reason for us to go further up...

I'm not a soothsayer, but I think US GDP figures will take us higher, no matter what. Worse thank expected, expect more QE, better than expected econ doing betr.

If figures are terible, i think we might have a quike jolt down, but then back up again.

[Argento]

Agreed!

 

Scratch that please, let's say soon then....!

 

A

"Expect the flash crash starting later today into Monday,"

 

A, you know if you are incorrect about the "flash crash" later today, you have opened yourself up for some abuse.

[JBlack]

Interesting to see the various instruments/platforms being used. I think that always makes it difficult to compare apples with apples. I trade binary options linked to the TOP40 on IGM. So my perspective might be different and being intraday (binaries expire at close). However the principle remains the same, either up or down.

[Beorn]

30 min and 1 hour together with the uptrend line since 22nd April on the chart, this quick upside was just a retest of that line, so should start down now!

 

A

through your resistance line again A?

[Beorn]

All my non chart indicators pointing to the drop now. US futures are red and it appears we just turned. Plus, it is Friday.... Maybe the US GDP figures can change that but they either have to be really good or really bad....

 

I'm not a soothsayer, but I think US GDP figures will take us higher, no matter what. Worse thank expected, expect more QE, better than expected econ doing betr.

If figures are terible, i think we might have a quike jolt down, but then back up again.

[Lekkerry]

Listen here buds... ALSI going up for now. 

 

I just get VERY nervous (for some of us here on SC) if there is a bearish tout... the IGM guys are taking knocks .... If anything, let them (IGM platform guys (and gal's)) just realise, trading waves / warrants or any other w-named instrument, is WAY different than trading CFDs...

[Lekkerry]

LOL! 

 

Just making sure!

 

Hehe

 

It is me Lekkerry, I agree my timing has been out recently and I do apologise for that (only human)!

 

But remember, I trade medium term waves and not interested in the short term, I was wrong about this week but the main trend is still down and stick to my shorts as the low is not in yet!

 

Once she hit 32500 (IG futures) next week hope my faith would be restored!

 

You have been right on the short term trades and well done!

 

A

[JBlack]

All my non chart indicators pointing to the drop now. US futures are red and it appears we just turned. Plus, it is Friday.... Maybe the US GDP figures can change that but they either have to be really good or really bad....

[Beorn]

Argento... not to doubt you (Argento of the old SC), as you are one of my non-chart trading inputs in some of my decisions on trading, but how do we know with the new SC, you ARE actually Argento?

 

I am serious here, the Argento we came to know was correct most of the time and when things go wrong, owned up.

 

I just don't know right now... That or the market is REALLY whack atm. I recall a while ago (this year), trading against RandallS proved very successfull for some time. 

 

On the previous SC, we were in a solid bull market, it not difficult to call a long in a bull market., but they still made a lot of money calling it to on for so long.

[Argento]

Hehe

 

It is me Lekkerry, I agree my timing has been out recently and I do apologise for that (only human)!

 

But remember, I trade medium term waves and not interested in the short term, I was wrong about this week but the main trend is still down and stick to my shorts as the low is not in yet!

 

Once she hit 32500 (IG futures) next week hope my faith would be restored!

 

You have been right on the short term trades and well done!

 

A

Argento... not to doubt you (Argento of the old SC), as you are one of my non-chart trading inputs in some of my decisions on trading, but how do we know with the new SC, you ARE actually Argento?

 

I am serious here, the Argento we came to know was correct most of the time and when things go wrong, owned up.

 

I just don't know right now... That or the market is REALLY whack atm. I recall a while ago (this year), trading against RandallS proved very successfull for some time. 

[Ninja]

gold is done with that flag pattern and has now broken down.... expect a new low around $1200 - $1300... my gold shorts only just almost green