Dow Jones 17000?! - Time to short big?

Doomberg

Established member
960 75
What we thinking guys, is it time for a big retrace?

Or is the long term uptrend just too strong?

Anyone ready to short big?
 

counter_violent

Legendary member
10,513 2,784
What we thinking guys, is it time for a big retrace?

Or is the long term uptrend just too strong?

Anyone ready to short big?

UtOh Doomy is back :LOL:

On the basis that there is always more pension money to be invested in the markets, why not play a longs strategy and hedge out on the short side when conditions take a turn?

Seriously, trying to time a top is just a waste of time isn't it ?
 
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Doomberg

Established member
960 75
Yeah but everyone's pension are doing crap, i might just do a huge short:LOL:

And win ziiiiiiilllions :clap:
 

postman

Legendary member
25,891 3,217
What we thinking guys, is it time for a big retrace?

Or is the long term uptrend just too strong?

Anyone ready to short big?

Why Why Why Why Why. Is that round number too big for your brain to cope with?

What could possibly be your reason to short? Please do tell. And "because were too high" is NOT an reason.
 

counter_violent

Legendary member
10,513 2,784
Yeah but everyone's pension are doing crap, i might just do a huge short:LOL:

And win ziiiiiiilllions :clap:

Like last time, and the time before? :devilish:

Get a grip and have a good think about this. Seriously !(y)
 

tar

Legendary member
10,443 1,313
Agree with cv , i would definitely take a long term position trade - or options - with a wider stop and let it run , these losses adds up ...
 

postman

Legendary member
25,891 3,217
And, lets be clear here, shouldnt your thread be called "Anyone shorting the Dow Jones? pt 3"
Because "Anyone shorting the Dow Jones? pt 2" was a spectacular failure. How much did you lose that time ... http://www.trade2win.com/boards/indices/165168-anyone-shorting-dow-jones-pt-2-a.html#post2056256
"It's at a massive resistance in my opinion... if you remember correctly i forecasted just under a 1000 point fall last time i did a Dow thread. I'm normally an intraday trader but this looks juicy as hell. I'm in at 13605.6 and my stop is 13668. "

It literally went straight up 2,200 points from your call without stopping for breath.
 

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12WBT

0 0
What about shorting the VIX?
Least you short and it's a kind of negative thinking.
 

tar

Legendary member
10,443 1,313
What about shorting the VIX?
Least you short and it's a kind of negative thinking.

Technically he's looking for higher VIX ...
 
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12WBT

0 0
Technically he's looking for higher VIX ...

He's shorting greed I say what about shorting fear.
Hopefully the market will decide.:LOL:
 
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Doomberg

Established member
960 75
Heeeeeear we go 10kGBP short

£100 per point short, entry was last night at 17049 stop is at 17149 :clap:

If / when it reaches 17000 I'll see what happens, if it breaks properly then I'll ride some big profits and put my stop at 17010 and hope 17000 is good resistance again, and at this point I may even add to my position.

EDIT: Stops are are moved 10 points above last weeks highs for now so 17085, so a much lower risk now :cool:
 

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postman

Legendary member
25,891 3,217
£100 per point short, entry was last night at 17049 stop is at 17149 :clap:

If / when it reaches 17000 I'll see what happens, if it breaks properly then I'll ride some big profits and put my stop at 17010 and hope 17000 is good resistance again, and at this point I may even add to my position.

EDIT: Stops are are moved 10 points above last weeks highs for now so 17085, so a much lower risk now :cool:

Regardless of whether its a profitable trade or not (we will soon find out) I'm really curious as to why you have done this? It looks like a complete coin toss, are you a coin t0sser?
 
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Doomberg

Established member
960 75
Upped to £400 a point

Because the Dow should not be at that level and it was "good news" after good news last week that pushed it up to make the sheep of America believe everything is going to be ok. In return this pulled up the Dax to 10000 which it doesn't need to be at so I've shorted that at £250 a point and added £50 to my dow. Hold tight guys because this is going to be f ucuking roller coaster

Wish me luck :clover:
 

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postman

Legendary member
25,891 3,217
Because the Dow should not be at that level and it was "good news" after good news last week that pushed it up to make the sheep of America believe everything is going to be ok. In return this pulled up the Dax to 10000 which it doesn't need to be at so I've shorted that at £250 a point and added £50 to my dow. Hold tight guys because this is going to be f ucuking roller coaster

Wish me luck :clover:

"Because the Dow should not be at that level..." :rolleyes: :whistling

http://www.random.org/coins/?num=1&cur=60-usd.0100c-washington

Why Why Why Why Why. Is that round number too big for your brain to cope with?

What could possibly be your reason to short? Please do tell. And "because were too high" is NOT an reason.


Good LUCK. Your going to need it. :LOL:
 
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