we - the faders - are already heavily short from 247... no point in adding more to that
another +63 is good enough for me, closing out and done for the day.
Glad you stayed in MOC. A good trade indeed!
short 13247 cash
...
...PS: I'll take +40 here, move my stop to BE and leave the rest on till EOD
...another +63 is good enough for me, closing out and done for the day.
looks like the proverbial bull washout to me,maybe a bit lower tonight in asia/early tomorrow then payback time for the bears.
I do think DC and Firewalker have become the best of friends...
Why don't we simply state what we see in the charts and write up our actions in any way we want. If anybody wants an explanation we either give it or say sorry mate it's a classified system.
Whilst one gets a nice warm feeling for getting it right and head begins to swell, I normally feel sorry for the trader who gets it wrong. I'm sure we all do.
I really fail to see what the argument is about here. Sometimes I'm at a lost to figure out what the hecks the big deal.
Agree with all that. No-one gets it right all the time. Let's trade the Dow here, not insults.
I had 4 trades on the dow today - 3 long and 1 short and came out net for a measly +12.
What I actually wanted to discuss or have somebody's opinion on was the price action on the futures.
It was very suggestive at some important junctures on the chart that we were going to rocket up and take out the day's high but it never happened. However more significantly the rhythm in selling seemed to be somewhat strained, even artificial at times.
You are probably thinking what's this loony going on about but I am not happy with the way we finished the day, something is lacking and I really can not put my finger on it. Maybe somebody out there can empathise with what I am suggesting but this paradox has left me totally flummoxed - any thoughts would be most welcome.
I think the bulls are not too far away and were genuinely very happy with today's proceedings even though we finished nearly 1.5% down on cash.
incidentally, thanks for the 247 cash area
I had a strong hunch that taking the opposite of your trade would bring me money :cheesy:
trading is indeed a zero sum game
PS: I'll take +40 here, move my stop to BE and leave the rest on till EOD
I had 4 trades on the dow today - 3 long and 1 short and came out net for a measly +12.
What I actually wanted to discuss or have somebody's opinion on was the price action on the futures.
It was very suggestive at some important junctures on the chart that we were going to rocket up and take out the day's high but it never happened. However more significantly the rhythm in selling seemed to be somewhat strained, even artificial at times.
You are probably thinking what's this loony going on about but I am not happy with the way we finished the day, something is lacking and I really can not put my finger on it. Maybe somebody out there can empathise with what I am suggesting but this paradox has left me totally flummoxed - any thoughts would be most welcome.
I think the bulls are not too far away and were genuinely very happy with today's proceedings even though we finished nearly 1.5% down on cash.
Exactly. You don't see me throwing insults and accusations around, when (or if) I get it a trade wrong. Let's hope my charts have cleared up any credibility issues and the muppets around here will start acting normal again.
Hi Houdani
I would agree confidently if I could understand my new volume fingy bob at the foot of my chart
Its hardly there, I have my glass"s on and I make it 2 mm is that good :?:
other ones looked much larger to me, perhaps all them Wall St traders P..ssed off early for Crimbo
Andy
People are worried about the future. I'm walking around the shops in Richmond and I certainly don't hear the tills ringing. I've even put off my expenditure waiting for the sales in January. Even then I ask my self do I really need this clutter in my house? :cheesy:
Fundamentals really bad. Growth prospects being scalled down. Subprime, banking, pension, housing, global warming, oil crises one after another are all with us. Who's going to worry about pension fund managers bonuses???
I can't see a bounce in all honesty... You are more likely to find the city of Atlantis at the bottom of the ocean than a bounce on the DOW imo. :idea:
I'm sure Firewalker will prove me wrong :cheesy:
People are worried about the future. I'm walking around the shops in Richmond and I certainly don't hear the tills ringing. I've even put off my expenditure waiting for the sales in January. Even then I ask my self do I really need this clutter in my house? :cheesy:
Fundamentals really bad. Growth prospects being scalled down. Subprime, banking, pension, housing, global warming, oil crises one after another are all with us. Who's going to worry about pension fund managers bonuses???
I can't see a bounce in all honesty... You are more likely to find the city of Atlantis at the bottom of the ocean than a bounce on the DOW imo. :idea:
I'm sure Firewalker will prove me wrong :cheesy:
True but will all this manifest itself now or in 1st quarter of 2008
Right now Im long and want to stay long any shorting of spikes today has profit taken quickly, in my book today and tomorrow have 620+ points to the upside from last nights close
If you want reasons market is widely expected to test 13000, merve King, low volume, santa
yes I was long 47 and turned short as per my post @38 then long, short and a final long