35854 replies to this topic

[Beorn]

Just went long @ 34 234. Hope it is not premature ....

 

My view, I think you'll be in the money, if not at the open, it should get there.

[Plasma]

Just went long @ 34 234. Hope it is not premature ....

[pieterwessels]

What do you guys make of VOD's sens report today?

Edited by pieterwessels, 24 April 2013 - 08:16 AM.

[Plasma]

You can clearly see the negative divergence on this chart and the final spike down still missing! A

Hi A

Thanks for the chart. Is my understanding correct that the S&P must first take the dip before we will follow? If that is the case, then from an intraday perspective, we will have most of the day to manage our charts price action trends, awaiting the opening and developments of the S&P from 1530 onwards.

Given the above, then today might still be up, given the strong green sentiment all over.

Kindly clarify.

[Hit & Run]

Add to short @34249

 Short 34249 closed @ 34150  

Still stuck with short @ 34072 may need to take a loss on this one. Think this morning is going to be another big up day. 

[JBlack]

There is going to be another manhunt - FBI keeping busy

Somebody is in trouble! For the risk of sounding like a conspiracy freak or Argento, imo the Boston bombs, the poison letters to senators, the Canada attack that was foiled and now this hack is just a pre cursor to something big. Something 911 scale. I.e. a big whack....

[Plasma]

Associated Press' twitter account was hacked. Report was sent out about explosion at white house and injury to obama. Dow fell 2% in 3 minutes! Recovered now.

There is going to be another manhunt - FBI keeping busy

[JBlack]

Associated Press' twitter account was hacked. Report was sent out about explosion at white house and injury to obama. Dow fell 2% in 3 minutes! Recovered now.

[Plasma]

What was that 150 point blip @1910??

[Plasma]

Bear catcher ... <hug hug>   
 
Our fellow contributor Plasma has coined (or rather owned up to) a term (trading the expectation). Me thinks you have traded the expectations both days, no? The expectation was sincere, but the market did not respond accordingly.
 
For both days, the charts were very clear in its directions, once it set course (even yesterday’s drop). Maybe not hours before the time, but one could very easily catch the trend, or at least cut a losing trade.
 
Next time, keep an eye on the charts, they really don’t lie! Let me re-phrase, look at intraday charts, they seldom lie!
 
I have decided to let the big boys play the big swings! Intraday is less costly and more profitable atm.

Kug kug, ah hmm, the word you were looking for was, "infamous". But rest assured, I am nearly cured!

More seriously, never good to experience something like this. Not wanting to restate my previous posts, but swing trading and intraday trading is two different animals, especially if two different trading instruments are at play.

[Beorn]

Daily shows we are going up by my indicators.

Lets see how accurate it is.

[Hit & Run]

Well I made a few people rich I wonder if they will buy me a beer or 2

 

Jakes

 

Also, remember the fundamental of trading, every position you open, there is someone taking the position against you, so every R you make, you take from someone else.

[Argento]

You can clearly see the negative divergence on this chart and the final spike down still missing!
 
A

[Argento]

Yip, is also on my list of logical reasons to stay short!

 

Today hectic day, and agree, one needs to find your stratgegy and trade accordingly what works for you, can think today was ruthless for the IG guys!

 

Luckily my warrants survived!

 

A

hi argento ,seems like a nice right shoulder forming on the s&p ?

[Lekkerry]

Wow Jakes, I never looked at it in that light. Rather sobering!

 

Thanks for sharing.

 

so every R you make, you take from someone else.

[Beorn]

Volitile market got the better of me ,whacked both days both ways, well so much for not listening and for listening

 

If you are planning to continue trading,

you need to develop your own trading system, test it on historic data.

If you listen to people for trade direction, things could turn out bad for you, and you will be frustrated and angry with the person you listened to.

 

Also, remember the fundamental of trading, every position you open, there is someone taking the position against you, so every R you make, you take from someone else.

[Shortboy]

Hi Bear Catcher. Its a small consolation but I guarantee you will sleep better tonight without that position around your
neck. Been there my man.

[Lekkerry]

Bear catcher ... <hug hug>   

 

Our fellow contributor Plasma has coined (or rather owned up to) a term (trading the expectation). Me thinks you have traded the expectations both days, no? The expectation was sincere, but the market did not respond accordingly.

 

For both days, the charts were very clear in its directions, once it set course (even yesterday’s drop). Maybe not hours before the time, but one could very easily catch the trend, or at least cut a losing trade.

 

Next time, keep an eye on the charts, they really don’t lie! Let me re-phrase, look at intraday charts, they seldom lie!

 

I have decided to let the big boys play the big swings! Intraday is less costly and more profitable atm.

[bear catcher]

Volitile market got the better of me ,whacked both days both ways, well so much for not listening and for listening

[franky]

hi argento ,seems like a nice right shoulder forming on the s&p ?