12/11/2014 Live Update

[MrMiyagi]

Crude still slidin' $59.73

[Al_Dente]

That is why, when trading against the trend, you buy in to your position in stages.

boss could you clarify: trend is short... buy long in stages
or do you mean the reverse??

[CaStorm]

Not ending yet

[MrMiyagi]

!!! POWER HOUR !!!

[champix]

Well, Uempel's signal is criying bull (if it is a reversal), BPs are on sell and MIyagi's pbar are criying sell....
Well, on the sideline for me.

[Out of Bounds]

That is why, when trading against the trend, you buy in to your position in stages.

boss could you clarify: trend is short... buy long in stages
or do you mean the reverse??

I meant shorter trend (Immediate). As in, going short this morning while the market was moving up. and then continued to move up. If the market had been dropping, I would have poured into my shorts much quicker.

So, instead of freaking out because I was beginning to lose money, I just waited and shorted more at higher and higher prices.
So now I am showing an overall profit for today even though at 1PM I had a big loss.

Potential losses end up being smaller and gains (if target met) are much bigger!

[uempel]

BPNYA and BPCOMPQ are weakening.

http://stockcharts.com/freecharts/candl ... BPFINA|B|0

[BullBear52x]

That is why, when trading against the trend, you buy in to your position in stages.

boss could you clarify: trend is short... buy long in stages
or do you mean the reverse??

I meant shorter trend (Immediate). As in, going short this morning while the market was moving up. and then continued to move up. If the market had been dropping, I would have poured into my shorts much quicker.

So, instead of freaking out because I was beginning to lose money, I just waited and shorted more at higher and higher prices.
So now I am showing an overall profit for today even though at 1PM I had a big loss.

Potential losses end up being smaller and gains (if target met) are much bigger!

So's dip buyers, stick to the playbook that works.

[DellGriffith]

Well, Uempel's signal is criying bull (if it is a reversal), BPs are on sell and MIyagi's pbar are criying sell....
Well, on the sideline for me.

I love your squrirrel hugging an acorn avatar. It reminds me of a diatribe of mine on economics.

Squirrels understand economics better than humans do. When times are good and acorns are abundant (fall), they immediately start building up a stash of food, burying them or hiding them somewhere. When winter comes, they are ready and have a supply of food to get them through the tough times.

Humans do the exact opposite. When times are good, our government DOESN'T build up a rainy day fund. It keeps spending and building up debt. Then when a recession hits, its not ready for it. It runs up debt. Then humans blame the business sector and demand higher taxes and regulations on business, which stunts new business growth and makes the recession worse than it had to be.

If a human was a squirrel, it would devour all the acorns in the fall, then starve in the winter and burn down all the trees that give acorns while it blames the trees for its problems.

[Al_Dente]

That is why, when trading against the trend, you buy in to your position in stages.

boss could you clarify: trend is short... buy long in stages
or do you mean the reverse??

I meant shorter trend (Immediate). As in, going short this morning while the market was moving up. and then continued to move up. If the market had been dropping, I would have poured into my shorts much quicker.
So, instead of freaking out because I was beginning to lose money, I just waited and shorted more at higher and higher prices.
So now I am showing an overall profit for today even though at 1PM I had a big loss.
Potential losses end up being smaller and gains (if target met) are much bigger!

thanks boss

[FlowerGirl]

Thank you, FlowerGirl. You must have plenty of money to buy your Christmas presents now.

It is never enough but I won't complain...
and Thanks... for keeping an eye on me.. I know someone is watching me...

[Cobra]

tinted area is how much SPY rebounded at 3pm yesterday, let's see if bulls are stronger today.

[BullBear52x]

Hahahaaa I know dip pocket will do this.

[TraderGirl]

don't underestimate impulsive waves in this bull market....it's a bull market until lower high btw...

edit: a higher high than "A" is all that is required...but there is a p-bar up there....

5 waves up for "a" would be more convincing...

[uempel]

BPNYA and BPCOMPQ weakening.

http://stockcharts.com/freecharts/candl ... BPFINA|B|0

[FlowerGirl]

Would like to go LONG UVXY ~ 22.30

This is where the panic buttons are...

[BullBear52x]

I'll be so mad if bulls quit here.

update on new fib

[tsf]

Thanks for the tip

Would like to go LONG UVXY ~ 22.30

This is where the panic buttons are...

[MrMiyagi]

Fresh kidney anyone?

[champix]

Well, Uempel's signal is criying bull (if it is a reversal), BPs are on sell and MIyagi's pbar are criying sell....
Well, on the sideline for me.

I love your squrirrel hugging an acorn avatar. It reminds me of a diatribe of mine on economics.

Squirrels understand economics better than humans do. When times are good and acorns are abundant (fall), they immediately start building up a stash of food, burying them or hiding them somewhere. When winter comes, they are ready and have a supply of food to get them through the tough times.

Humans do the exact opposite. When times are good, our government DOESN'T build up a rainy day fund. It keeps spending and building up debt. Then when a recession hits, its not ready for it. It runs up debt. Then humans blame the business sector and demand higher taxes and regulations on business, which stunts new business growth and makes the recession worse than it had to be.

If a human was a squirrel, it would devour all the acorns in the fall, then starve in the winter and burn down all the trees that give acorns while it blames the trees for its problems.