08/31/2012 Live Update

[Unique]

Backtest these setups, they don't end pretty kiddos

viewtopic.php?f=2&t=658&start=60#p92867

Correct so far

First impulse, second reaction, third real. Key to success on Fed days. 10AM

We're on yesterday's close line, we should bounce/stall a bit, then we get the real direction

We're on the 3rd phase, this looks like a range bounded boring consolidation day. Monday is holiday. Yawn

viewtopic.php?f=2&t=658&start=40#p92837

Whoah!! I just woke up and saw the price action....I didn't believe my chart that showed this kind of price action, but here it is, just like my chart shows...if my chart continues to be correct, we continue to move up, then another spike down (possibly lower, don't know the levels), then a choppy move up the rest of the day...

Anyone see that coming??? wait...

Eh..what do I know Timestamp I win..!

Afk

[Mr. BachNut]

Maybe some kind of triangle working here.
Don't know, but a break of Monday's high or yesterday's low may be the ultimate decider.

[Nrsimha]

Big move up next couple of weeks (change in short-term trend).
Today is lunar turning date. Expect to rally next 2 weeks.

Also GDX, HUI, etc., in major bull mode now. Buy some GG and hold and collect the dividend.
Buy a little bit of NUGT and ride it up.


My cat was talking to me again this morning.

(Also, market moves now totally dependent on election outcomes. I'll give u 3 guesses as to where that
correlation goes. Sorry, Xian. )

[TradingJackal]

Eh..what do I know Timestamp I win..!

Afk

I am dazed and confused.
So, what's the real one?

[uempel]

Did anybody get the morning right? - congrats! As to next week, my ellipses on BPSPX and SPX are predicting a nice move

57.png

56.png

Is that two signals for next week uempel? Looks like Monday and Thursday?

Well, Monday is closed in the US. It looks like Tuesday and Thursday/Friday...

[OverUnder]

Here's the full article on the ECB bond buying plan news I posted earlier from Bloomberg:

http://www.bloomberg.com/news/2012-08-3 ... -plan.html

[Al_Dente]

PAGE HARAPA
INTRADAY ONLY
I have agree sell again
You?
(I changed my ma to 89 per yours)

[Nrsimha]

Cobra: start rehearsing your 'Ole ole' song for next week.

[uempel]

TraderLady, great that your daughter didn't spill the coffee over your iPhone. I had to buy a new one 3 weeks ago New iPhone, not a new daughter

[Mr. BachNut]

Did anybody get the morning right? - congrats! As to next week, my ellipses on BPSPX and SPX are predicting a nice move

57.png

56.png

Is that two signals for next week uempel? Looks like Monday and Thursday?

Well, Monday is closed in the US. It looks like Tuesday and Thursday/Friday...

ooops. Right.

Thanks.

[OverUnder]

Wedge's bigger brother:

[TraderGirl]

Backtest these setups, they don't end pretty kiddos

viewtopic.php?f=2&t=658&start=60#p92867

Correct so far

First impulse, second reaction, third real. Key to success on Fed days. 10AM

We're on yesterday's close line, we should bounce/stall a bit, then we get the real direction

We're on the 3rd phase, this looks like a range bounded boring consolidation day. Monday is holiday. Yawn

viewtopic.php?f=2&t=658&start=40#p92837

Whoah!! I just woke up and saw the price action....I didn't believe my chart that showed this kind of price action, but here it is, just like my chart shows...if my chart continues to be correct, we continue to move up, then another spike down (possibly lower, don't know the levels), then a choppy move up the rest of the day...

Anyone see that coming??? wait...

Eh..what do I know Timestamp I win..!

Afk

Actually...if you want to get technical about it, I posted the actual direction...you merely stated "First impulse, second reaction, third real." Then after I stated my direction, you posted a chart about backtesting...

So in reality I win...!

[ClarkW]

ChiOsc on SLV 60 min. is high but not extreme yet.

[Cobra]

could be another bear flag.

[Al_Dente]

Wedge's bigger brother:

thanks boss that kind of wedgie usually breaks to upside, right?
oh shite

[TraderGirl]

TraderLady, great that your daughter didn't spill the coffee over your iPhone. I had to buy a new one 3 weeks ago New iPhone, not a new daughter

She almost got my keyboard, but it's just a keyboard....Now it smells like coffee in here....and I didn't even get to drink it!!! No coffee!! Ugh!!!

I'm spoiled, my husband goes to get me coffee at Starbucks every morning...

[TradingJackal]

Last 2 years (2010,2011) jacksons hole trading days were :

1 - gap up
2 - dip in the morning pre-speech
3 - drift higher into close.

They changed the script slightly this year ?

[OverUnder]

DON'T SAY THAT AGAIN. Look what happened yesterday.

I'm not prepared to precommit more than 1403 gets you 1405.

Wedge's bigger brother:

thanks boss that kind of wedgie usually breaks to upside, right?
oh shite

[Cobra]

well, looks like flag failed again. I said I'm tired calling flag now.

[Petsamo]

It's a fake bear run. We probably finish like the DAX, at or near resistance