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Nearly Naked (Simple Trades)

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  • Post# 981
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  • May 4, 2010 12:36pm
  • MarcVUM
    Joined Feb 2010 | 2,827 Posts | Status: ...everything will be fine...
S&P.
Red line crossing the Green line and the Black line crossing the Green on the indicator sub-graph. Once this happens it will be very bearish.

Since A/U follows this very closely I wouldn't be surprised to see A/U fall to 8950.
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • Post# 982
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  • May 4, 2010 12:51pm
  • Saxon
    Joined Jan 2010 | 3,614 Posts | Status: My Coffee is Cold :(
I have been trying to pick a bottom on AU for a while with no luck. Also, UCHF is on "00" and stalled, but might be there for a while. GU bounced hard on "00" so I wish other pairs would follow their example. If UCHF gets back to "00" I might place small short with 17 pip stop.
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  • Post# 983
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  • May 4, 2010 12:53pm
  • calderone
    Joined May 2009 | 2,452 Posts | Status: I just trade....
Quoting Saxon
I have been trying to pick a bottom on AU for a while with no luck. Also, UCHF is on "00" and stalled, but might be there for a while. GU bounced hard on "00" so I wish other pairs would follow their example. If UCHF gets back to "00" I might place small short with 17 pip stop.
It's extremely tricky trying to pick a top or a bottom. I spent a good part of the morning pulling fibs, then pulling them again....and again...lol
  • Post# 984
  • Quote
  • May 4, 2010 12:54pm
  • Saxon
    Joined Jan 2010 | 3,614 Posts | Status: My Coffee is Cold :(
Quoting MarcVUM
S&P.

Since A/U follows this very closely I wouldn't be surprised to see A/U fall to 8950.
Maybe Right on old LTL. Not much to slow it down below if it does break TL
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  • Post# 985
  • Quote
  • May 4, 2010 12:56pm
  • Saxon
    Joined Jan 2010 | 3,614 Posts | Status: My Coffee is Cold :(
Quoting calderone
It's extremely tricky trying to pick a top or a bottom. I spent a good part of the morning pulling fibs, then pulling them again....and again...lol
Ya, not fun either I am watching UCHF really closely now. H1 candle is closing soon. If PA gets close enough to "00" I will short
  • Post# 986
  • Quote
  • May 4, 2010 1:01pm
  • calderone
    Joined May 2009 | 2,452 Posts | Status: I just trade....
Quoting Saxon
Ya, not fun either I am watching UCHF really closely now. H1 candle is closing soon. If PA gets close enough to "00" I will short
Just load a large amount of orders so you can tip it over!
  • Post# 987
  • Quote
  • May 4, 2010 1:04pm
  • MarcVUM
    Joined Feb 2010 | 2,827 Posts | Status: ...everything will be fine...
You're right... there isn't anything down there to hold it up "today" until Weekly S2 at 9045. I did buy at 9100 and grabbed 20 pips on your "00" strategy! Thanks.

Right now I'm waiting for Weekly S1 at 9144 to be tested and then I'll take a short. I'm expecting things to continue down after 5pm est since daily candle will close and daily S/R's will change. Current daily candle is to long to push lower during NY session.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • Post# 988
  • Quote
  • May 4, 2010 1:11pm
  • Saxon
    Joined Jan 2010 | 3,614 Posts | Status: My Coffee is Cold :(
Quoting MarcVUM
I did buy at 9100 and grabbed 20 pips on your "00" strategy! Thanks.
.
Sweet, good job!
  • Post# 989
  • Quote
  • May 4, 2010 1:13pm
  • Saxon
    Joined Jan 2010 | 3,614 Posts | Status: My Coffee is Cold :(
Quoting calderone
Just load a large amount of orders so you can tip it over!
PA is getting there, my concern is that there is just not enough speed for a solid bounce and if MAs catch up it could wedge it through. Do you think 100,000,000 short full lots would send her down , haha, I don't have that much leverage.
  • Post# 990
  • Quote
  • May 4, 2010 1:15pm
  • calderone
    Joined May 2009 | 2,452 Posts | Status: I just trade....
Quoting Saxon
PA is getting there, my concern is that there is just not enough speed for a solid bounce and if MAs catch up it could wedge it through. Do you think 100,000,000 short full lots would send her down , haha, I don't have that much leverage.

Tell you what, I'll buy and it will guarantee you a safe trade!
  • Post# 991
  • Quote
  • May 4, 2010 1:16pm
  • MarcVUM
    Joined Feb 2010 | 2,827 Posts | Status: ...everything will be fine...
Quoting Saxon
PA is getting there, my concern is that there is just not enough speed for a solid bounce and if MAs catch up it could wedge it through. Do you think 100,000,000 short full lots would send her down , haha, I don't have that much leverage.
10 more posts till your thread hits 1000! Wasn't someone giving a prize for the 1000th post?
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • Post# 992
  • Quote
  • May 4, 2010 1:18pm
  • calderone
    Joined May 2009 | 2,452 Posts | Status: I just trade....
Quoting MarcVUM
10 more posts till your thread hits 1000! Wasn't someone giving a prize for the 1000th post?
Oh yeah! I was going to give away a free inicator! A commercial one at that. One that can make you very rich!!!
  • Post# 993
  • Quote
  • May 4, 2010 1:18pm
  • Saxon
    Joined Jan 2010 | 3,614 Posts | Status: My Coffee is Cold :(
Quoting Saxon
PA is getting there, my concern is that there is just not enough speed for a solid bounce and if MAs catch up it could wedge it through. Do you think 100,000,000 short full lots would send her down , haha, I don't have that much leverage.
Ya, that's a no go on that sell. PA went through it.
  • Post# 994
  • Quote
  • May 4, 2010 1:19pm
  • calderone
    Joined May 2009 | 2,452 Posts | Status: I just trade....
Quoting Saxon
Ya, that's a no go on that sell. PA went through it.
I've been trying to fib that little pullback on the hourly.
  • Post# 995
  • Quote
  • May 4, 2010 1:20pm
  • Saxon
    Joined Jan 2010 | 3,614 Posts | Status: My Coffee is Cold :(
Quoting MarcVUM
10 more posts till your thread hits 1000! Wasn't someone giving a prize for the 1000th post?
Haha, only like 5 or so more. Does music play when you hit 1000
  • Post# 996
  • Quote
  • May 4, 2010 1:20pm
  • MarcVUM
    Joined Feb 2010 | 2,827 Posts | Status: ...everything will be fine...
Quoting calderone
Oh yeah! I was going to give away a free inicator! A commercial one at that. One that can make you very rich!!!
Come on now? Really? Let's work out a deal. Maybe a percentage of my winnings after taxes for 5, 10, or 20 years! You'll never have to work again.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • Post# 997
  • Quote
  • May 4, 2010 1:21pm
  • calderone
    Joined May 2009 | 2,452 Posts | Status: I just trade....
I'd hate to have the 1000th post. I've already got the indicator.
  • Post# 998
  • Quote
  • May 4, 2010 1:22pm
  • Saxon
    Joined Jan 2010 | 3,614 Posts | Status: My Coffee is Cold :(
Well, UCHF is off my radar now, same with EU. Watch GU PA for a bit, on LT and moving to 1.52
  • Post# 999
  • Quote
  • May 4, 2010 1:23pm
  • MarcVUM
    Joined Feb 2010 | 2,827 Posts | Status: ...everything will be fine...
It should be Saxon that wins!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • Post# 1,000
  • Quote
  • May 4, 2010 1:23pm
  • calderone
    Joined May 2009 | 2,452 Posts | Status: I just trade....
The 4hr gu is telling a story but the 1hr is the one to watch for sellers. imho
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