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  • #115,581
  • Sep 18, 2008 11:59am Sep 18, 2008 11:59am
Quoting malcolmb14
yup seems that 190 seems to be working nicely , moved stop +20 last trade...

191 target... if we break 190.6

191 here we come

.. maybe 191.20
Blogging daily now at www.volume.zone
  • #115,582
  • Sep 18, 2008 12:01pm Sep 18, 2008 12:01pm
Quoting steelhead
Not the time of day to be trading. Its the time of day to get away from charts and enjoy life. No reason to jump in font of a moving train.

The gj is in no mans land right now. No reason to trade to either side at this time

not sure what time frames you trade ... me 100 tick , 3 min and 5 min charts

ym , uj and gu also followed

could also sense from that news out of Uk that we would get rally in afternoon / deadcat bounce.. as soon as it came out YM jumped 200 points and did not really retrace .. I felt that gj was going up and ym touching 10800 by end of day

there fore .. no mans land .. looks like it .. but in reality buyers land.

I an a scalper .. this is what I do .. all I need is an understanding of the markets and a 50 pips range
Blogging daily now at www.volume.zone
  • #115,583
  • Sep 18, 2008 12:02pm Sep 18, 2008 12:02pm
to be broken
Attached Image (click to enlarge)
Click to Enlarge Name: thin end of wedge.gif Size: 26 KB
Timing is everything
  • #115,584
  • Sep 18, 2008 12:02pm Sep 18, 2008 12:02pm
intervention intervention intervention. keeping GJ from falling. well lets wait and see. 4hr 5o is support that needs to break so is 1hr 50
Attached Images
  • #115,585
  • Sep 18, 2008 12:03pm Sep 18, 2008 12:03pm
Quoting malcolmb14
191 here we come

.. maybe 191.20
moved stop to 191... may be 191.5 test
Blogging daily now at www.volume.zone
  • #115,586
  • Sep 18, 2008 12:04pm Sep 18, 2008 12:04pm
stopped out 4 100pips
  • #115,587
  • Sep 18, 2008 12:06pm Sep 18, 2008 12:06pm
Quoting malcolmb14
moved stop to 191... may be 191.5 test

well 191.45 out was ok .... that was a nice little trade
Blogging daily now at www.volume.zone
  • #115,588
  • Sep 18, 2008 12:08pm Sep 18, 2008 12:08pm
Quoting ephisi
dis is why i remain bullish. Guys sell so i cna buy at 4hr 50.

Karmo what do u think. 4hr 50 coinsided with 4hr 5sma. it acted as resistance yesterday. it shoul act as support 2day. Already did

i lost dis time. iGJ has been buying of 4hr 50ema all day. i wait for d next oipportunity. No shorts till 4hr 5o broken then retested. dfall will be sweet.
  • #115,589
  • Sep 18, 2008 12:10pm Sep 18, 2008 12:10pm
Quoting malcolmb14
well 191.45 out was ok .... that was a nice little trade

i dont know what made me think 4hr 50 would break so easily
  • #115,590
  • Edited 12:13pm Sep 18, 2008 12:11pm | Edited 12:13pm
YM has rallied 400 points ... that is 400 poiints off the low of today and is closing on a reversal bar on daily


gj shorts at least move the stops down to break even

mrsniper you just gave away your 160 pips profit and more later tonight if you did not do that

this is strange volatile markets we are going through ... at least take profits off the table when they are there in a good amount . 160 is good .

always remember A TRADER NEVER WENT BROKE TAKING A PROFIT
Blogging daily now at www.volume.zone
  • #115,591
  • Sep 18, 2008 12:17pm Sep 18, 2008 12:17pm
mmm


1-2-3 buy on 4 hour

break out 192 takes us to 193.2 and 196

Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 19 KB
Blogging daily now at www.volume.zone
  • #115,592
  • Sep 18, 2008 12:22pm Sep 18, 2008 12:22pm
is working on a type of RTC entity to take all the bad debt off bank and brokerage balance sheets...It would represent a massive increase in US taxpayer exposure, but could also signify the beginning of the end of the credit crisis.
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  • #115,593
  • Sep 18, 2008 12:26pm Sep 18, 2008 12:26pm
Quoting rgitt05
is working on a type of RTC entity to take all the bad debt off bank and brokerage balance sheets...It would represent a massive increase in US taxpayer exposure, but could also signify the beginning of the end of the credit crisis.


that is unreal

ym has moved 500 points this afternoon ... insane

in this market you have to expect the unexpected. I see loads of traders still married to 180 zone.

the fact that gold went up $100 yesterday and gj went up ... should have indicated something was up , and with that bullish divergence not yet broken ....

gann theory says something tested 4 time gets broken ... we are testing 191
Blogging daily now at www.volume.zone
  • #115,594
  • Sep 18, 2008 12:27pm Sep 18, 2008 12:27pm
This wasn’t supposed to happen!
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But when Lehman crashed and burned Monday, Reserve Primary Fund had to write down $785 million in Lehman paper and the value of Reserve Primary’s shares plunged below $1. Treasury-only money market funds, which invest exclusively in short-term U.S. Treasury securities or equivalent, were not effected at all. But for the rest of the money fund’s industry, what hit Reserve Primary Fund was a tragic event called “Breaking the Buck.” Now ...

The losses Reserve Primary’s investors
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compared to what we see happening now ...

Seconds after the Reserve Primary bombshell hit the news wires, the world’s money market funds began dumping commercial paper with both hands, stampeding into one of the only truly safe havens left: U.S. treasuries, which are backed by the full faith and credit of our government.
And now, the panic is spreading. Not only are money market funds selling commercial paper like crazy; they’re refusing to buy more.
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[
  • #115,595
  • Sep 18, 2008 12:30pm Sep 18, 2008 12:30pm
i just went back to see what went wrong on that last trade.
i went wrong. i just got back from my nap and didnt do much analyses and went short without looking at d lower timeframe.

i went short at the red horizontal line. obviously we hade a divergence and Gj nwas trending up on d 15mins TF. i didnt check it.

i hate to stay away, form d charts for to long.

daily should close above daily 5sma and possibly daily gann.

YM is up ove 300points with all d short sellers restriced and the RTC issue.

i expect asia to be bullish.
waiting for new daily candle. i will lookout for a daily 5sma retracement to go long
Attached Image
  • #115,596
  • Sep 18, 2008 12:32pm Sep 18, 2008 12:32pm
Monthly chart...However, I'm scalping the 30 pips at a time..Waiting for my 192.00 for confirmation breakout to hit the upper channel on the daily chart in the area possible 197.00 where the gap is not fill..



Quoting malcolmb14
that is unreal

ym has moved 500 points this afternoon ... insane

in this market you have to expect the unexpected. I see loads of traders still married to 180 zone.

the fact that gold went up $100 yesterday and gj went up ... should have indicated something was up , and with that bullish divergence not yet broken ....

gann theory says something tested 4 time gets broken ... we are testing 191
[
  • #115,597
  • Sep 18, 2008 12:32pm Sep 18, 2008 12:32pm
Quoting ephisi
i just went back to see what went wrong on that last trade.
i went wrong. i just got back from my nap and didnt do much analyses and went short without looking at d lower timeframe.

i went short at the red horizontal line. obviously we hade a divergence and Gj nwas trending up on d 15mins TF. i didnt check it.

i hate to stay away, form d charts for to long.

daily should close above daily 5sma and possibly daily gann.

YM is up ove 300points with all d short sellers restriced and the RTC issue.

i expect asia to be bullish.
waiting for new daily candle. i will lookout for a daily 5sma retracement to go long

all traders should do this go back and look at what wetn wrong. It is a very important thing to do

I was told this is no mans land and this was no time for day trading ....lol
Blogging daily now at www.volume.zone
  • #115,598
  • Sep 18, 2008 12:34pm Sep 18, 2008 12:34pm
Quoting rgitt05
Monthly chart...However, I'm scalping the 30 pips at a time..Waiting for my 192.00 for confirmation breakout to hit the upper channel on the daily chart in the area possible 197.00 where the gap is not fill..


I am thinking 185 was it .... there is now a hidden bullish divergence on the rsi... but this month is not doen yet
Blogging daily now at www.volume.zone
  • #115,599
  • Sep 18, 2008 12:36pm Sep 18, 2008 12:36pm


Quoting malcolmb14
all traders should do this go back and look at what wetn wrong. It is a very important thing to do

I was told this is no mans land and this was no time for day trading ....lol
[
  • #115,600
  • Sep 18, 2008 12:39pm Sep 18, 2008 12:39pm
It is still trending downward..



Quoting malcolmb14
I am thinking 185 was it .... there is now a hidden bullish divergence on the rsi... but this month is not doen yet
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