To many of you this may sound like a stupid question but can anyone explain the significance, if any, of the candle stick forming on the s&p500 1 day chart, does it indicate a reversal? I'm only really familiar with downward shooting star like we're seeing on the eur/usd 1 day chart.
- #1,142
- Oct 7, 2011 2:55pm Oct 7, 2011 2:55pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #1,143
- Oct 7, 2011 2:57pm Oct 7, 2011 2:57pm
- Joined Apr 2009 | Status: Live and learn. | 25,160 Posts
"If The Fool persists in his Folly he will become wise." - William Blake
- #1,144
- Oct 7, 2011 3:00pm Oct 7, 2011 3:00pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
To many of you this may sound like a stupid question but can anyone explain the significance, if any, of the candle stick forming on the s&p500 1 day chart, does it indicate a reversal? I'm only really familiar with downward shooting star like we're seeing on the eur/usd 1 day chart.
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Those who say it cannot be done should not interrupt those who are doing it
- #1,146
- Oct 7, 2011 3:03pm Oct 7, 2011 3:03pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
yup. shut my mouth.
I prefer to see both possibilities. It's enlightening
Have a great weekend Fool
It's good to have you here by the way
Cheers
PT
Those who say it cannot be done should not interrupt those who are doing it
- #1,147
- Oct 7, 2011 3:06pm Oct 7, 2011 3:06pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Thanks PT,
Got rid of Brent at 106.2 so nice bit of profit taken! Still short on eur/usd and will leave it open over the weekend am also short on s&p500 from 1160. Lets hope for a sharp slide next week! Certainly shaping up for one! Chat to ya Monday enjoy the champagne tonight!
Cheers
Those who say it cannot be done should not interrupt those who are doing it
- #1,148
- Oct 7, 2011 3:06pm Oct 7, 2011 3:06pm
traders covering their shorts just in time for intraday traders to cash in on more profits. Expect a selloff into the close.
heard goldmansachs buying morganstanley calls. w/2 week expiry???
- #1,150
- Oct 7, 2011 3:08pm Oct 7, 2011 3:08pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
yup im one of them. gonna go neutral to the weekend..
heard goldmansachs buying morganstanley calls. w/2 week expiry???
Cheers
Those who say it cannot be done should not interrupt those who are doing it
- #1,151
- Oct 7, 2011 3:14pm Oct 7, 2011 3:14pm
enjoy the weekend drtorque.
Cheers
yesterdays buying started during trichets speech caught us off guard a little, but again we close on a positive note, i guess.
and on an ironic note: in houston, tx, october is the festival month and this weekend it's Greek fest.
gotto go get robbed for a couple of souvlakis and wine 
- #1,153
- Oct 7, 2011 3:25pm Oct 7, 2011 3:25pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Excellent opportunity for me to go long goldeuro.
Please be sure to read the first two posts on page 1.
Cheers and have a great weekend.
Those who say it cannot be done should not interrupt those who are doing it
- #1,155
- Oct 7, 2011 3:29pm Oct 7, 2011 3:29pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
thanks a lot for a supporting us all week w/your analysis..
and on an ironic note: in houston, tx, october is the festival month and this weekend it's Greek fest.
Don't bend over Those who say it cannot be done should not interrupt those who are doing it
- #1,156
- Oct 7, 2011 3:34pm Oct 7, 2011 3:34pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
BTW, does your broker support sth like goldeuro, or you simply buy gold and sell EUR/USD at the same time? Just curious newbie question
However, I don't use FxPro for my main trading activities. I just play with demo accounts there. I used to have a live account there but they used to slip me all the time and always blame it on volatility when there clearly wasn't anything. They do have a trading desk so I am sure they are counter party, although they deny it.
Those who say it cannot be done should not interrupt those who are doing it
- #1,158
- Oct 7, 2011 3:34pm Oct 7, 2011 3:34pm
- | Joined Aug 2011 | Status: Trader | 1,118 Posts
Have a great weekend everyone. See you on Monday. We'll see much more action then. Pbh, even more? hahaha
Pbh
Pbh
- #1,160
- Oct 7, 2011 3:44pm Oct 7, 2011 3:44pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
More bad news for the euro. as if we needed any more but hey
Moody's placed Belgium on review for possible downgrade of their AA1 rating.
Ouch!! (for the Euro)
Yeehaw (for the euro bears)
Expect a gap on Sunday night.
ADD: Here's the link --> http://www.zerohedge.com/news/moodys...-cut-cds-surge
.
Moody's placed Belgium on review for possible downgrade of their AA1 rating.
Ouch!! (for the Euro)
Yeehaw (for the euro bears)
Expect a gap on Sunday night.
ADD: Here's the link --> http://www.zerohedge.com/news/moodys...-cut-cds-surge
.
Those who say it cannot be done should not interrupt those who are doing it