what is DD?
For the Umpteen time I sold the rallies and now am drowning in DD.
Do I ever learn?
B
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #121,943
- Oct 13, 2008 6:39pm Oct 13, 2008 6:39pm
- | Joined Jun 2008 | Status: Professional Frontrunning Troll | 2,312 Posts
- #121,946
- Oct 13, 2008 6:54pm Oct 13, 2008 6:54pm
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #121,948
- Oct 13, 2008 6:58pm Oct 13, 2008 6:58pm
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #121,952
- Oct 13, 2008 7:18pm Oct 13, 2008 7:18pm
- | Joined Jun 2008 | Status: Professional Frontrunning Troll | 2,312 Posts
Yen Extends Decline as Treasury Said to Invest in U.S. Banks
http://www.bloomberg.com/apps/news?p...JGo&refer=home
Yeah, that'll do the trick. lets use 125 billion to plug a shortfall worth trillions
wait up, didn't congress give Paulson the go ahead for $700 billion? WTF did the rest of it go?
straight into the gilded wallets of Paulson, Bernanke, and the rest of Wall Streets executives
- #121,953
- Oct 13, 2008 7:21pm Oct 13, 2008 7:21pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #121,955
- Oct 13, 2008 7:23pm Oct 13, 2008 7:23pm
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
posted earlier.....
178,27 now going to 180.60 , maybe it will stop at 180.30 , but more likely 180.6 , then slight retracement then 184 over night
it should retrace .. shouldn't it ??? lol
the dj futures are still moving up 1100 point bear rally.. 1100 points !!!
- #121,957
- Oct 13, 2008 7:28pm Oct 13, 2008 7:28pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Actually Malcolm, you were only 180 degrees out on that one. I cant quite see why i agreed with you now! (just got back after dinner to see my loss)
sorry but i am a scalper and at the time that was the trade to be making ... and i was
as soon as resistance was broken 175.5 was broken and the trend line on the rsi was broken it was a clear long ...
lilmoe and i were talking about scalping ... no scalper has dinner in the middle of a trade.....
hope you had a stop in place.
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- #121,958
- Oct 13, 2008 7:32pm Oct 13, 2008 7:32pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
We just can't fight the trend, it's so strong ..
to strong that is the problem ..... like all the issues got sorted out over night that we get a 2000 point rally ?
I am going with it right now ...
there are larger issues out there .... if the credit freezes up and letters of credit for shipping companies do not flow think 7000 and lower dj as there will be no economy as one country will not be ale to sell good to another
in the mean time I am looking for 180.30 / 181 / 182.68 and 184.40 gj
Blogging daily now at www.volume.zone
- #121,959
- Oct 13, 2008 7:35pm Oct 13, 2008 7:35pm
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
to strong that is the problem ..... like all the issues got sorted out over night that we get a 2000 point rally ?
I am going with it right now ...
there are larger issues out there .... if the credit freezes up and letters of credit for shipping companies do not flow think 7000 and lower dj as there will be no economy as one country will not be ale to sell good to another
in the mean time I am looking for 180.30 / 181 / 182.68 and 184.40 gj
- #121,960
- Oct 13, 2008 7:38pm Oct 13, 2008 7:38pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
It is at R1 right now. Itchy to short it but ..
short r u nuts ?
the dj has had the biggest 1 day advance in history and you want to short lol
better off to wait for the dip then buy again
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