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Flag trading the trend

  • #2,821
  • Apr 7, 2011 9:28am Apr 7, 2011 9:28am
Quoting TraderinSD
D .... that was "survey"... Someday I will learn how to spell and trade at the same time.
++++++++++++++++++++++++++++++++

No second chance on Jeopardy my friend.. bzzzzzzz
  • #2,822
  • Apr 7, 2011 9:32am Apr 7, 2011 9:32am
Quoting diamonddbw
++++++++++++++++++++++++++++++++

No second chance on Jeopardy my friend.. bzzzzzzz
LOL !! this is true....onto the lighting round
  • #2,823
  • Apr 7, 2011 9:47am Apr 7, 2011 9:47am
Is this the bounce we have been waiting for on the EU at the 1.4280 area?
  • #2,824
  • Apr 7, 2011 9:48am Apr 7, 2011 9:48am
Quoting Rcwso
Is this the bounce we have been waiting for on the EU at the 1.4280 area?
Could be - although I am feeling rather confused with the chaos of the day...
  • #2,825
  • Apr 7, 2011 9:53am Apr 7, 2011 9:53am
Quoting d4n
Good call! very messy at the mo.
++++++++++++++++++++++++++++++++

I'm OK with sitting out in this type of market. One thing that I practice is when we are in a consolidation zone I will not trade until that zone is decisively breached and probably not until it has been retested and rejected.

Your thoughts Dan?
  • #2,826
  • Apr 7, 2011 9:54am Apr 7, 2011 9:54am
Quoting Rcwso
Is this the bounce we have been waiting for on the EU at the 1.4280 area?
I was looking for a bounce down from underneath earlier, but you are right price has decided to go back up again and looks to be bouncing of the 80.

could be a flag developing but i would use caution.
  • #2,827
  • Apr 7, 2011 9:56am Apr 7, 2011 9:56am
Quoting diamonddbw
++++++++++++++++++++++++++++++++

I'm OK with sitting out in this type of market. One thing that I practice is when we are in a consolidation zone I will not trade until that zone is decisively breached and probably not until it has been retested and rejected.

Your thoughts Dan?
very wise.... personally i may take it but with a smaller position as its not the best looking trade at all.

in fact i'm definitely not taking it, too messy
  • #2,828
  • Apr 7, 2011 10:05am Apr 7, 2011 10:05am
Just heard about this. May or may not affect euro
  • #2,829
  • Apr 7, 2011 10:15am Apr 7, 2011 10:15am
I think I am out for the day. Can't sit and watch any longer.

No trades, and no losses for me today. Tomorrow is another day.
  • #2,830
  • Apr 7, 2011 10:19am Apr 7, 2011 10:19am
F**k me those poor sods haven't they suffered enough.

My thoughts on days like this-with news like the Euro Interest rate rise+big USD news this afternoon, the big boys are repositioning themselves in light of this new data. And as price has not moved definitively into new areas, then why bother.

But I could be wrong
  • #2,831
  • Apr 7, 2011 10:42am Apr 7, 2011 10:42am
if they dont play my song i will not dance with ugly duckling
  • #2,832
  • Apr 7, 2011 10:49am Apr 7, 2011 10:49am
Quoting Divergence
if they dont play my song i will not dance with ugly duckling
++++++++++++++++++++++++++++++++

Will this be the title of your forthcoming book?
  • #2,833
  • Apr 7, 2011 10:52am Apr 7, 2011 10:52am
followed by movie
  • #2,834
  • Apr 7, 2011 11:01am Apr 7, 2011 11:01am
Quoting Divergence
followed by movie
++++++++++++++++++++++++++++++++

Starring Robert DiNiro as Div? or Robin Williams?
  • #2,835
  • Apr 7, 2011 11:03am Apr 7, 2011 11:03am
Quoting Divergence
followed by movie
Then the talk show circut, with a smattering of book signing in between.
  • #2,836
  • Edited 5:09pm Apr 7, 2011 11:10am | Edited 5:09pm
rosy o donnell playing the ugly duckling and the trend is played by j Lo
  • #2,837
  • Apr 7, 2011 11:59am Apr 7, 2011 11:59am
Quoting Divergence
rosy o donned playing the trend is j Lo
++++++++++++++++++++++++++++++++

I'm still roaring with laughter. No Butt about it...
  • #2,838
  • Apr 7, 2011 6:43pm Apr 7, 2011 6:43pm
We be short the EU .. Market Ranging

Short the UJ Overall trend down

Attached Image (click to enlarge)
Click to Enlarge Name: UJ 4.07 Short.JPG Size: 129 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EU 4.04 Short.JPG Size: 128 KB
  • #2,839
  • Apr 7, 2011 7:15pm Apr 7, 2011 7:15pm
[quote=TraderinSD;4529964]We be short the EU .. Market Ranging

Short the UJ Overall trend down
++++++++++++++++++++++++++++++++

Hi SD. If you zoom out on the EU, it looks alot like an inverted head & shoulders.
btw oil is over $110.
Scenario #1: Could be that the euro has some more climbing to do.
or:
Scenario #2: My crack dealer slipped me "Mickey"
  • #2,840
  • Apr 7, 2011 7:23pm Apr 7, 2011 7:23pm
I just started reading this thread. Looks like a good idea. I'm looking at EU this evening. Anyone else looking at it?
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