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Nearly Naked (Simple Trades)

  • #1,181
  • May 6, 2010 1:57pm May 6, 2010 1:57pm
The sky is falling! The sky is falling!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #1,182
  • May 6, 2010 1:59pm May 6, 2010 1:59pm
Quoting MarcVUM
Twice and I made 60 pips! In like 3 minutes

I cant believe you did that!!!
  • #1,183
  • May 6, 2010 2:01pm May 6, 2010 2:01pm
Quoting shahab8b
I cant believe you did that!!!
When the Dow hit 950 I knew it was time to buy! There was no reason at all that a fall like that could just happen.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #1,184
  • May 6, 2010 2:01pm May 6, 2010 2:01pm
Quoting shahab8b
I cant believe you did that!!!
tempted to catch the bounce at 8700 but i didn't have the your guts lol, gj!
  • #1,185
  • May 6, 2010 2:11pm May 6, 2010 2:11pm
Quoting OvT
tempted to catch the bounce at 8700 but i didn't have the your guts lol, gj!
Damn! Another 50 pips in the bag! Ok, I'm done!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #1,186
  • May 6, 2010 2:21pm May 6, 2010 2:21pm
This is one of those stupid money days where you have to walk away after you take yours!
  • #1,187
  • May 6, 2010 2:26pm May 6, 2010 2:26pm
I think I've mentioned this before... when the black line on my indicator moves through either the green or red line you have a very bearish or bullish market!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: spx.jpg Size: 108 KB
Click to Enlarge Name: au.jpg Size: 111 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #1,188
  • May 6, 2010 2:50pm May 6, 2010 2:50pm
Latest news says that someone at a large firm used a "B" instead of an "M" ... Billion instead of Million on a trade. Here come the lawsuits and taxpayers bailing out people without S/L's!

And the market will come back! Buy buy buy
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #1,189
  • May 6, 2010 3:42pm May 6, 2010 3:42pm
Quoting MarcVUM
And the market will come back! Buy buy buy
I gotta say, even though I'm a medium-term USD bull, I'm buying some AUD and CAD after today! I can't believe my AUD short got covered at 0.8800... and to think I could've almost gotten 0.8700 out of it; absolutely amazing!
  • #1,190
  • May 6, 2010 4:33pm May 6, 2010 4:33pm
Quoting OvT
wow this roller coaster never ends
i had been waiting for a signal for retracement longs but they never came
how are you guys doing saxon, marc?
I am in green pips for the week but the market is kinda crazy today and tomorrow is freaky friday so I don't know how many more trade I will get in this week. I just got back from the dentist and I have my first cavity
  • #1,191
  • May 6, 2010 4:34pm May 6, 2010 4:34pm
Quoting MarcVUM
Doing good but scared!

Saxon, A/U is coming in pretty steep into 8800 just like you prefer. Your feelings? I'm starting to think a 50 pip bounce from 88???
Sorry for the late reply, just got back. Did you place the trade? I am not trading till London at the earliest I think.
  • #1,192
  • May 6, 2010 4:35pm May 6, 2010 4:35pm
Quoting shahab8b
wtf
you're RICH!!!!
  • #1,193
  • May 6, 2010 4:37pm May 6, 2010 4:37pm
Quoting MarcVUM
Latest news says that someone at a large firm used a "B" instead of an "M" ... Billion instead of Million on a trade. Here come the lawsuits and taxpayers bailing out people without S/L's!

And the market will come back! Buy buy buy
REALLY? Can you post a link to that, I want to see the guy's mug shot
  • #1,194
  • May 6, 2010 4:38pm May 6, 2010 4:38pm
Quoting Saxon
Sorry for the late reply, just got back. Did you place the trade? I am not trading till London at the earliest I think.
It was coming down hard... when 8805 came I had CNBC on and the next thing I knew the Dow was down 950 points. I said buy buy buy!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #1,195
  • May 6, 2010 4:41pm May 6, 2010 4:41pm
Quoting Saxon
I am in green pips for the week but the market is kinda crazy today and tomorrow is freaky friday so I don't know how many more trade I will get in this week. I just got back from the dentist and I have my first cavity
That's how it all starts. lol
Attached Image
  • #1,196
  • May 6, 2010 4:44pm May 6, 2010 4:44pm
Quoting Saxon
REALLY? Can you post a link to that, I want to see the guy's mug shot
I copied this from Shahab... Just giving credit where credit is due.

U.S. stocks suffered their worst one-day loss since February 2009 as worries about economic problems in Greece and Europe -- apparently combined with an incorrectly entered trade -- to set off a major panic.
The loss was trimmed by more than half, but the blue chips still closed down 347.8 points, or 3.2%, to 10,520. Sell-off caused by human error?

CNBC is reporting that a Citigroup trader accidentally hit 'b' instead of 'm' when he intended to type 'million' in a trade today.
Posted by Elizabeth Strott on Thursday, May 6, 2010 4:37 PM
Today's near-1,000 point selloff in the Dow Jones Industrial Average ($INDU) was reportedly caused by a "fat finger" mistake by a trader at Citigroup (C). CNBC reported that numerous sources said that a trader entered a "b" instead of an "m" for million in a trade possibly involving Procter & Gamble (PG), a Dow component. The trader reportedly placed a sell order of $16 billion, instead of $16 million, worth of e-minis, futures contracts tied to equity indexes.

Citigroup told CNBC that it has no evidence of a bad trade but that it is investigating. P&G said that it was looking into the sudden drop in the price of its stock.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #1,197
  • May 6, 2010 4:44pm May 6, 2010 4:44pm
Quoting calderone
That's how it all starts. lol
haha, that's what it felt like when they were scraping my teeth. Holy cow, I sit down and my computer is like bells and whistles tha the market is going crazy
  • #1,198
  • May 6, 2010 4:46pm May 6, 2010 4:46pm
IMHO the markets needed an enema anyway.

  • #1,199
  • May 6, 2010 4:55pm May 6, 2010 4:55pm
Quoting calderone
IMHO the markets needed an enema anyway.

An epic cleansing
  • #1,200
  • May 6, 2010 4:55pm May 6, 2010 4:55pm
Quoting MarcVUM
Was anyone smart enough to hang onto a short at 9260 on A/U?

Closed at 87310, well I didn’t, I was asleep. Still I’ll take the profit. Thanks!
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