35854 replies to this topic

[strydomk]

Traders say a top can only happen when all the bears are dead. Ive always wondered how that can possibly happen. Well I'm seeing it today.

[delta66]

Argento..thks for charts..looking at that potential setup warms this bulls heart

 

#moved stop 46000#

Edited by delta66, 19 June 2014 - 10:16 AM.

[Plasma]

Out for 85 pips. Will reenter if opportunity presents....dash darn ....retesting 46 075 for 3rd time on 1 min chart...seems to be going through..

[Argento]

Very interesting graph...just look how she touched the top and bottom lines of this wedge...last touch of the uptrend line was yesterday...these things tend to break out up so looks like the shorter timeframe negative divergences are just being ignored!

 

On the weeklies we have no reversal candle yet and more of consolidation to only go higher!

 

Interesting times...euphoria buying going on...???

 

A

So, we broken up out of the wedge.....danced on the upper line and now heading up....this is what is driving us at the moment and these things tend to end with an impulsive blast up!Stay tuned...

 

Only when the uptrend line breaks the bears will be here!

 

Nice graph of a possible roadmap attached for the SPX!

 

A

Attached Files

•  TOP40 (Wedge).jpg   176.06KB   6 downloads
•  SPX_b.png   19.48KB   6 downloads

[delta66]

if we see 46100(T40cash)..putting a party hat on and taking day off,,,,,,,,,,,,,,seriously!!

[delta66]

didn't really like carrying over, i'm a EOD type trader but yeah it happens now and then..will close contracts today either manually or by being stopped out(locked profit in on stop limit)

[grantmu]

industrials starting to move up added .10+ in the last 10 min

[K~~]

Hey K

Yes....we have had this conversation before! Me blowing an account....never ever!

Nope...no gambling....but I am not applying the risk reward ratio so strictly. I am prepared to take a downward swing of between 100 to 200 pips due to market volatility. However, then my assessment of the market structure at that point must support the expectation of a swing up with profit.

Today I should not have taken the 2nd long....I was further at fault to cling to my bullish bias....

On the positive side, these occurrences are happening less often......on my journey to become consistency profitable...

Happy trading

     

 

Here's to lots of GREEN in the bank! 

[grantmu]

that is advisable Grant,..needs to break R1 convincingly...moved stops 45950

I am very much in the green from yesterdays carry over so I have also brought stops up and taken the targets off. This may be a slow grind up, the volumes also look a little low to me, financials and industrials holding back today

[Vertebrae]

I smell burning... not the wors again...

 

http://www.marketwat...kets-2014-06-16

[Hedge]

Hedge,

 

I just checked and they both show +13 on Dow Futures

Thanks for your responses. This is very frustrating

Sgxnifty DOW now 16820 -74. could not be clearer.

[delta66]

that is advisable Grant,..needs to break R1 convincingly...moved stops 45950

[grantmu]

Going to wait for a test on R1 before committing more to this, 

 

[delta66]

moved stops //45900

[BlythZ]

Hedge,

 

I just checked and they both show +13 on Dow Futures

[delta66]

stops hit on half my contracts 100p+ gain @45950

 

balance still running ave@45798.5 stops set under pivot 45865

[mx125]

Out 45964  40 points

 

Got scaredts

[Hedge]

That was DOW +12

[Hedge]

Sgxnifty futures Live. DOW = 16827 -67

GT247 Futures. DOW = 16910 =12

And both open and trading.

Confusing???

[mx125]

Short  46004