stopped out with +1 ... this was the only good deal for me in USA session ( there is another good deal which is buy stop 141.55 but there is no time for today)
new intraday high, good, but the bar doesn't look good, that's wait for the next couple of bars.
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the most recent zigzag was caused by the political talks on tv now. obama is in spotlight again.
my long was stopped out and i will stay out for a while, even tho the tape is in favor of bulls a little bit
The goal is not uniformity. It is understanding and idea exchange.
soku wrote:the most recent zigzag was caused by the political talks on tv now. obama is in spotlight again.
my long was stopped out and i will stay out for a while, even tho the tape is in favor of bulls a little bit
a guaranteed it will trade back down if this is what's going on.
My comments are for entertainment/educational purpose only. NOT a trade advice.
F*ers.. they stopped me out at 1311... didn't get long again.. now we get this magnificent pop higher.. oh well, this is not my week so far. i'm gonna take the rest of the day off. good luck all...
soku wrote:the most recent zigzag was caused by the political talks on tv now. obama is in spotlight again.
my long was stopped out and i will stay out for a while, even tho the tape is in favor of bulls a little bit
a guaranteed it will trade back down if this is what's going on.
it is very hard to trade at this moment. spikes are brutal on both sides. a small potato like me cannot handle 2.5 points move in 1 bar of 512 ticks.
it cannot hurt to just sit on side and watch.
The goal is not uniformity. It is understanding and idea exchange.
soku wrote:kena, i checked the chart of yr new pet. it seems good to me. any edge on the er? or u just buy and hope?
I sold my short on cat yesterday .It may be to early to buy CAT long..Made up a big loss to just getting lunch money..Actually I sold all my shorts yesterday for a small loss. Made up some loss on SSO today.I think the mkt will test the 1300 area before it gets much higher. I still have a couple of longs for a while.Hope you did good on the pop up today.
soku wrote:the most recent zigzag was caused by the political talks on tv now. obama is in spotlight again.
my long was stopped out and i will stay out for a while, even tho the tape is in favor of bulls a little bit
a guaranteed it will trade back down if this is what's going on.
Market is still in maniac , binary mode.
IF there are good news from Washington about the debt ceiling, and/or Europe situation does not deteriorates further, i expect a retest of recent highs.
soku wrote:kena, i checked the chart of yr new pet. it seems good to me. any edge on the er? or u just buy and hope?
I sold my short on cat yesterday .It may be to early to buy CAT long..Made up a big loss to just getting lunch money..Actually I sold all my shorts yesterday for a small loss. Made up some loss on SSO today.I think the mkt will test the 1300 area before it gets much higher. I still have a couple of longs for a while.Hope you did good on the pop up today.
i think yr new pet is entg. the cat is mine.
i am doing well. long tech short banks as i yelled yesterday, and closed most positions this morning. not participating in the current pop, but i learnt to be a disciplined trader, in a hard way.
The goal is not uniformity. It is understanding and idea exchange.
Hello guys! (and girls, if there are any)
So far the bull flag played out nicely, the second rectangle shows the possible target area.
We should watch the up trend line from yesterday.
My guess is there is enough room to go up but not until it makes a solid bounce (i'm referring here of the first 2 waves from Elliot theory), at least that's what i'm looking for. And when the low kicks will show also the direction, whether will be a lower low (under yesterday's) means the up trend it's over for good or higher low and we'll have a rally to the moon (1400-ish, more exactly either 1380 or 1440).
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The hardest thing to see is what is in front of your eyes.
Trading is the most dangerous human endeavor, short of war.
EUR futures above 141.55 now which bullish below 141.10 bearish short term, and that will affect Dow also
but that is just for today, and we don't have that much time for trading, just watching