35854 replies to this topic

[Argento]

I'm out of all my trades, don't like this action and no more higher highs!

A

[bear catcher]

V the Master

[K~~]

Thanks K, thought so.

What is concerning with BIL is that after the initial open higher, it sold off again..

[ZoomZ]

WARNING - i see its obvious most traders here.....will lose all their cash in this bear they dont possess skills to trade...buying in a bull monkeys can do it but making money in a bear is for the pros

[bear catcher]

Went short 46220 closed 46000 nice fat scalp to start the day

[mx125]

They were playing catch-down to us.. therefore fall not as bad. It will probably go up a little this morning.

 

K

Thanks K, thought so.

[K~~]

I see BIL is down 3.9% in Australia. Does that mean it will fall more in South Africa, or did it fall in Australia due to what happened yesterday.

They were playing catch-down to us.. therefore fall not as bad. It will probably go up a little this morning.

 

K

[mx125]

I see BIL is down 3.9% in Australia. Does that mean it will fall more in South Africa, or did it fall in Australia due to what happened yesterday.

[HDB]

The price action of today is very rare...it has only happened 6 times since '97.

 

People using PivotPoints would have noticed that today we had:

 

1) Open > R1

2) High > R2

3) Low < S2

4) Close < Low[1]

 

add to that... today's daily candle has all the bearish signals in it...Bearish Engulfing, 9bar Key Reversal, etc

 

Exactly all the above also happened on:

 

1) 28/03/01 and from that day's high it pulled back a further 9.33%

2) 06/09/01....-21.37%

3) 12/11/01 turned up 11% from that day's low within 10 day's!

4) 25/02/09...-7.51%

5) 03/06/10....-7.25%

6) 08/07/11....-3.90% and a couple of day's later the waterfall came along!

 

Take a close look at those dates, pay attention to the H & L of that day (because it is your line in the sand) and then to the next day's O,H.L C and you will know what to do tomorrow.

 

So, 1 from 6 turned north....are we going to get 2 from 7??? Time will tell!!

 

 

M yesterdays red engulfing candle was different to the others.. 2 things made yesterdays candle bearish!!  Bil and pound!!

 

We coud see a reversal on both BIL and pound today!!!

 

So technically yes  but fundamentally  was a false candle to read to much into!!

Edited by HDB, 20 August 2014 - 07:54 AM.

[K~~]

The price action of today is very rare...it has only happened 6 times since '97.

 

People using PivotPoints would have noticed that today we had:

 

1) Open > R1

2) High > R2

3) Low < S2

4) Close < Low[1]

 

add to that... today's daily candle has all the bearish signals in it...Bearish Engulfing, 9bar Key Reversal, etc

 

Exactly all the above also happened on:

 

1) 28/03/01 and from that day's high it pulled back a further 9.33%

2) 06/09/01....-21.37%

3) 12/11/01 turned up 11% from that day's low within 10 day's!

4) 25/02/09...-7.51%

5) 03/06/10....-7.25%

6) 08/07/11....-3.90% and a couple of day's later the waterfall came along!

 

Take a close look at those dates, pay attention to the H & L of that day (because it is your line in the sand) and then to the next day's O,H.L C and you will know what to do tomorrow.

 

So, 1 from 6 turned north....are we going to get 2 from 7??? Time will tell!!

Impressive research, M!

 

Looking at the price action, and the break lower, it seems that the gap close is on. The only thing working against this is the S&P which is steaming ahead towards 2000.

 

Just crazy, this volatility.

 

Prosperous trading.

 

K 

[Mhlato]

that is very interesting!

 

i have a wee short position into this somewhat bullish sentiment.

 

ozzies can count (sure), can they count straight though?

 

I reckon your short is good, from what i have seen is that if we should close tomorrow above today's open, then you might have a loser?

 

@strydomk, regarding distractions ..see attachment, i think HDB has posted this many moons back...it's a classic!

 

@Plasma, it's a pleasure.

Attached Files

•  SK.png   362.82KB   17 downloads

[bear catcher]

First short 46130 will add if we go up , had a juggle V or A and V won

[RusQ]

The price action of today is very rare...it has only happened 6 times since '97.

 

People using PivotPoints would have noticed that today we had:

 

1) Open > R1

2) High > R2

3) Low < S2

4) Close < Low[1]

 

add to that... today's daily candle has all the bearish signals in it...Bearish Engulfing, 9bar Key Reversal, etc

 

Exactly all the above also happened on:

 

1) 28/03/01 and from that day's high it pulled back a further 9.33%

2) 06/09/01....-21.37%

3) 12/11/01 turned up 11% from that day's low within 10 day's!

4) 25/02/09...-7.51%

5) 03/06/10....-7.25%

6) 08/07/11....-3.90% and a couple of day's later the waterfall came along!

 

Take a close look at those dates, pay attention to the H & L of that day (because it is your line in the sand) and then to the next day's O,H.L C and you will know what to do tomorrow.

 

So, 1 from 6 turned north....are we going to get 2 from 7??? Time will tell!!

that is very interesting!

 

i have a wee short position into this somewhat bullish sentiment.

 

ozzies can count (sure), can they count straight though?

[strydomk]

Thanks guys. My next skill to learn is managing distractions. A months worth of profit wiped out over a bloody cup of coffee. Missed the market turn and got punished. Is it just me or have there been a lot of weird days lately??

[Plasma]

The end of perhaps the most soul destroying trading day I've had.

The price action of today is very rare...it has only happened 6 times since '97.

People using PivotPoints would have noticed that today we had:

1) Open > R1
2) High > R2
3) Low < S2
4) Close < Low[1]

add to that... today's daily candle has all the bearish signals in it...Bearish Engulfing, 9bar Key Reversal, etc

Exactly all the above also happened on:

1) 28/03/01 and from that day's high it pulled back a further 9.33%
2) 06/09/01....-21.37%
3) 12/11/01 turned up 11% from that day's low within 10 day's!
4) 25/02/09...-7.51%
5) 03/06/10....-7.25%
6) 08/07/11....-3.90% and a couple of day's later the waterfall came along!

Take a close look at those dates, pay attention to the H & L of that day (because it is your line in the sand) and then to the next day's O,H.L C and you will know what to do tomorrow.

So, 1 from 6 turned north....are we going to get 2 from 7??? Time will tell!!

Very interesting....thanks M!

[Mhlato]

The end of perhaps the most soul destroying trading day I've had.

 

The price action of today is very rare...it has only happened 6 times since '97.

 

People using PivotPoints would have noticed that today we had:

 

1) Open > R1

2) High > R2

3) Low < S2

4) Close < Low[1]

 

add to that... today's daily candle has all the bearish signals in it...Bearish Engulfing, 9bar Key Reversal, etc

 

Exactly all the above also happened on:

 

1) 28/03/01 and from that day's high it pulled back a further 9.33%

2) 06/09/01....-21.37%

3) 12/11/01 turned up 11% from that day's low within 10 day's!

4) 25/02/09...-7.51%

5) 03/06/10....-7.25%

6) 08/07/11....-3.90% and a couple of day's later the waterfall came along!

 

Take a close look at those dates, pay attention to the H & L of that day (because it is your line in the sand) and then to the next day's O,H.L C and you will know what to do tomorrow.

 

So, 1 from 6 turned north....are we going to get 2 from 7??? Time will tell!!

[Vertebrae]

well, the way polar bear populations exploded into predictions of the WWF, my prognostication (of first choice), is that a new breed will lead the willing soon

 

eish!!

in the background, i'm dealing with 'perpetual magnetic energy' devices. tolled them three times already why it can't work and suggested four improvements to their design. i may well be punished for this, also...

 

Inspirational - Just instructed the T-Shirt dept. to make printing "A guru each day keeps prognosis at bay" all about supply& demand

[RusQ]

Confirmation just in from WWF - The guru went extinct in 2008.

well, the way polar bear populations exploded into predictions of the WWF, my prognostication (of first choice), is that a new breed will lead the willing soon

 

eish!!

in the background, i'm dealing with 'perpetual magnetic energy' devices. tolled them three times already why it can't work and suggested four improvements to their design. i may well be punished for this, also...

[Plasma]

The end of perhaps the most soul destroying trading day I've had.

Staan sterk ....

[Vertebrae]

Agree!

 

the way SAVI is ticking up, whipsaws galore in our near future. how to deal with this?

 

dunno, BUTT, smaller position size and strict adherence to both system rules and stop losses is what i do. in the end, price is king, the gurus not so much?

 

best now...

 

pst:- hope IS a trading strategy 

 

Confirmation just in from WWF - The guru went extinct in 2008.