Recent content by Chode

I've been profiting from pairs trading very nicely recently, but I have to warn you guys: Big events in companies create HUGE risk, this doesn't count only for pairs trading but for all trading, short or long. I realized yesterday how crucial are stop losses even in pairs when one my short leg...

has anyone taken advantage of the oil disaster? it sound immoral to profit from something like this, but BP share price fell about $10 since the leaking started and that wasnt very hard to predict

Actually pair trading with stocks, no negative closed position yet :p

Current state of the market looks like a mini version of the previous bubble. what goes up, must come down :p. What do you guys think, sell in May n go away ? :D altho im moving more towards non directional trading, because I dont get as many trades as i would by just waiting for the next big...

Anyone had luck trading the FDA decisions? by looking up coming review dates from the FDA calendar i noticed some amazing price action before the dates. ACOR had a triangle breakout before the decision and when approval came, stock got a huge boost. SLXP formed a little H&S bottom the day...

The Expert, i respect you as a trader, but why do you disrespect our methods, while we prove that they work. We can also be quiet and go on with our trading but we like to share our views here, so should you. anyway, that major resistance did its job and market is continuing to fall like...

yes, the "golden ratio" very much applies to the stock market, it exist all over the universe

well after 5 years that amateur trading turned out to be quite profitable. I am using simple pattern trading method and they all have statistics to prove their reliability. I admit that i got carried away with those intraday movements because it does not go with my method , usually 60 min...

well said, there is no good argument, just arguing :D The Expert, we would very much appreciate if you would kind to share your views on the market like we all do here. We can all be wrong or right. sharing knowledge is the best thing we can do. anyway... as expected the Dow dow started to...

turnes out it wasnt a right-angled and descending.. but a complete broadening bottom and found strong resistance on a trendline that started from august last year. im adding another sell order :)

Sell sell sell ! :D Dow hit exactly the 10300 i suggested. now on a daily chart we can see a broadening formation formed just below the important resistance level. 60 min chart slow stochastic is clearly overbought, adding another sell order. A nice free fall from now on :p well thats just my...

closed my long now, because the triangle had a throwback and it hurts performance. might be a sweaty climb up to 10300 but goin to wait for my longer term position to hit the target, at about mid march, to around 9700 level

culdnt agree more. might be a little move up still. but the broadening formation that begun from the end on january is about to mature. my target would be about 9700-9600, sweet 1000 points trade :p Holy Grail 2, care to share what service did you use for those wonderful volume charts?

dow formed a symmetrical triangle withing the broadening formation and when drawing fibonacci from the high of 20th january, there was a nice sign of ye olde 50% retracement goin on, to a very clear resitance level even. it played a trick in the opening times, broke the support barrier, but...

The day is ending and the H&S finished its job.. The pattern seemed a bit sloppy, had a pullback, quite common actually. But in the end did very well, price hit 61.8 fibonacci retracement level - a good target for that pattern. nice 100 points :p