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  • #248,961
  • May 27, 2010 2:06pm May 27, 2010 2:06pm
Quoting gatorinla
third time down shorters became buyers... when they exit.. they pushed the dow ect. up.. when they pile back on rinse wash repeat till we break the floor. then all will say.. " i was short" with margin call email from their broker they will disappear.
and I'll still be here, i've already seen it...remember Valero and that little crew.
I wonder how many are going to build longs on this dip?
  • #248,962
  • May 27, 2010 2:07pm May 27, 2010 2:07pm
Quoting Freddyfx
Welcome to what Donnie and I have been seeing for the past hr or so.
  • #248,963
  • May 27, 2010 2:07pm May 27, 2010 2:07pm
Quoting Rgali1
Any one else think Dow will loose most of its gains between now and close? They have been doing a lot of drastic things right before close lately!
No, I think they're gonna prop it up today and just as everyone rushes into buy tomorrow, it's going to be a bloodbath.
Every time you use 'hopium' in a post, God kills a kitten.
  • #248,964
  • May 27, 2010 2:07pm May 27, 2010 2:07pm
Looks like the bullish divergence is created.
  • #248,965
  • May 27, 2010 2:07pm May 27, 2010 2:07pm
ADX crossing at the top...

Well this is how it goes...Now the ADX crossing has pointed out the top. It can mean a sell signal...BUT.....The volume is low so im not sure if the ADX wont cross again at this H1 candle

I suggest...staying out of trades when volume is LOW...though BUDDHA's oanda chart can help us a bit.
  • #248,966
  • May 27, 2010 2:09pm May 27, 2010 2:09pm
Quoting c1ro
Looks like the bullish divergence is created.
It has already been created. H1 is currently experiencing a POSSIBLE OBV divergence. If that happens ill open the short position. We need volume for trading.
  • #248,967
  • May 27, 2010 2:09pm May 27, 2010 2:09pm
Quoting AmeriTrini
what, a retrace?..........its common knowledge that after a move up a retracement happens.
forgive the sloppy lines...it's common knowledge that we are in a down trend. your up move is our retracement.

Attached Image (click to enlarge)
Click to Enlarge Name: for1.gif Size: 67 KB


We are a little over 200 pips from 2150. up from a few thousand pip drop...which is the retracement?
  • #248,968
  • May 27, 2010 2:10pm May 27, 2010 2:10pm
Quoting Rgali1
Any one else think Dow will loose most of its gains between now and close? They have been doing a lot of drastic things right before close lately!
Normally, the sell-offs occur when there is a lot of movement back and forth. The Dow has been fairly consistent all day with very little downside movement.
Capital Preservation is key to long term wealth accumulation
  • #248,969
  • May 27, 2010 2:12pm May 27, 2010 2:12pm
retracement taken. if below 2310 i will sell
You cannot learn better without losing
  • #248,970
  • May 27, 2010 2:12pm May 27, 2010 2:12pm
Quoting profxtrader
No, I think they're gonna prop it up today and just as everyone rushes into buy tomorrow, it's going to be a bloodbath.
I have the same feelings about that.
  • #248,971
  • May 27, 2010 2:13pm May 27, 2010 2:13pm
Quoting uraceulose
and I'll still be here, i've already seen it...remember Valero and that little crew.
I wonder how many are going to build longs on this dip?
hey donnie remember ahktergroup?
  • #248,972
  • May 27, 2010 2:14pm May 27, 2010 2:14pm
Quoting Rgali1
Any one else think Dow will loose most of its gains between now and close? They have been doing a lot of drastic things right before close lately!
No
  • #248,973
  • May 27, 2010 2:14pm May 27, 2010 2:14pm
Quoting uraceulose
I'm trying one more short here @ 2377. will wait for 2500 next if we don't stop @ Gators numbers

edit: i don't recommend anyone follow this trade, i will manage this one carefully if it goes against me
Well I'm protected now. worst case is free trade
  • #248,974
  • May 27, 2010 2:15pm May 27, 2010 2:15pm
Quoting mfoste1
hey donnie remember ahktergroup?
rotflmao I forgot! you know what I mean though?
  • #248,975
  • May 27, 2010 2:16pm May 27, 2010 2:16pm
Quoting uraceulose
Well I'm protected now. worst case is free trade
  • #248,976
  • May 27, 2010 2:16pm May 27, 2010 2:16pm
Closed my short from 1.2381 @ 1.2356.

Now what?
  • #248,977
  • May 27, 2010 2:17pm May 27, 2010 2:17pm
Quoting T@rantula
It has already been created. H1 is currently experiencing a POSSIBLE OBV divergence. If that happens ill open the short position. We need volume for trading.
Yeah, I've got nothing. All my pairs (a whopping three of them) are all in BULL territory. So, unless a strong LONG signal shows it's face, I'm done for the day.

I don't "retrace trade" as those are the riskiest style trading and I need to eat. And I'll be damned if I ever open another trade based on a hunch.

"Show me the signal!"
Capital Preservation is key to long term wealth accumulation
  • #248,978
  • May 27, 2010 2:17pm May 27, 2010 2:17pm
Quoting uraceulose
rotflmao I forgot! you know what I mean though?
yea dude i know what ur saying....thats what that clown was trying to do. He was married to those positions, like many are, convincing himself he was right....he probably got MC

dont fight the trend....its a losing battle. Its like bringing a knife to a gunfight
  • #248,979
  • May 27, 2010 2:19pm May 27, 2010 2:19pm
Quoting fontu
I think it will fall from this level , bear flag in the forming , 170pips flag pole but the bullish nature will be maintained there after .
fontu
Agree for forming bearish flag, and i add a 50% retrace (1.214-1.2671) that could not reach up to now for the second time making a single top to trade against. With all this a good Head and Shoulders on 1 hour chart, if confirmed, will rocket down EU to 1.16 level means: 770pips and bottom of november 2005 and 56.5% weekly retrace.

s&p 500 is hiting old bottom. If could not break that bottom today it could do it tomorrow. Between, if EU could touch 1.2151 and reach it, s&p will go back and EU will so.

Frankly, i had a big stress before shorting at 1.2385 with 40pips SL. Wating for a 50 pips move to switch my SL to entry point.

Interesting to follow, seen i destroy my money management rule to enter hard with high risk to this trade.

Good trading for all
No Signal, No Trade. No fundamenals, No headache.
  • #248,980
  • May 27, 2010 2:20pm May 27, 2010 2:20pm
Quoting MuddBuddha
I don't "retrace trade" as those are the riskiest style trading and I need to eat. And I'll be damned if I ever open another trade based on a hunch.

"Show me the signal!"
Yea, I have been burned many times on retrace trades with no signal indicators aligned. Hunch is nothing on LOW volume trading, and yes, resisting it is a part of learning The Psychology of the trader
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