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  • #60,201
  • Feb 24, 2012 1:23am Feb 24, 2012 1:23am
Quoting Gleneagles
pulled the plug on some leftover longs from 3274 @ 3381 earlier
nice... might see a spike then some profit taking
  • #60,202
  • Feb 24, 2012 1:28am Feb 24, 2012 1:28am
Quoting sisse
I just read you reply from yesterday "...Just a string of shitty trades" ....

Sorry bro, hate when it happens and as you know it happens to all of us every now and then with our without candles analysis, ranges, channels or indicators ...it is just the way it is in this business.....

Are you still in big swings or you are looking for more daily swings....

sisse
Ya I hear ya... Im still in a few big swings... thats primarily what im lookin for... pickings have been slim with all this choppy PA and ranging though so I have been working on doing more daily swings and Im getting my ass handed to me for the most part

my FA has been way off though lately.... maybe obamas plan to drive the markets higher no matter what is just overwhelming ly risk on .... sure seems that way as of late
  • #60,203
  • Feb 24, 2012 1:29am Feb 24, 2012 1:29am
Quoting fxjawn
nice... might see a spike then some profit taking

it is still long and may break new ground higher before retrace/consolidation

risk on for now but some profit taking before the weekend a possibility

sidelines over here , it is weekend
" Never let the past hold the future to ransom "
  • #60,204
  • Feb 24, 2012 1:30am Feb 24, 2012 1:30am
Quoting Gleneagles
it is still long and may break new ground higher before retrace/consolidation

risk on for now but some profit taking before the weekend a possibility

sidelines over here , it is weekend
im long overall till summer at least i think

still have that small position running from mid 2600's.... wish i could have afforded a good sized position
  • #60,205
  • Feb 24, 2012 1:31am Feb 24, 2012 1:31am
Quoting fxjawn
nice... might see a spike then some profit taking
grabbing orders low.. then grabbin orders high.... i went short at 3377... already moved my stops to BE... lets see...
  • #60,206
  • Feb 24, 2012 1:44am Feb 24, 2012 1:44am
Quoting fxjawn
im long overall till summer at least i think

still have that small position running from mid 2600's.... wish i could have afforded a good sized position

size does not always count

small position with huge pip gains is worth as much as large position with small pip gains

but point taken .... it would have been damn perfect to park one like that at full load and just watch it grow
" Never let the past hold the future to ransom "
  • #60,207
  • Feb 24, 2012 1:47am Feb 24, 2012 1:47am
Quoting Wulfgar
Ya I hear ya... Im still in a few big swings... thats primarily what im lookin for... pickings have been slim with all this choppy PA and ranging though so I have been working on doing more daily swings and Im getting my ass handed to me for the most part

my FA has been way off though lately.... maybe obamas plan to drive the markets higher no matter what is just overwhelming ly risk on .... sure seems that way as of late
I have been reading your FA comments lately, IMHO I don't think are wrong but maybe a bit out of sync with what is the mover short term and what is a structural factor.... and I guess you only want to care about structural factors if you are swinging.

All those mumbojumbo with news, tweets, etc on Greece and EZ the last few weeks probably are charging you the toll on the FA side perspective ...but those are exceptional times and not the rule....so I wouldn't worry that much ....

In any case, yeap US stocks and markets in full control, there are a lot of players eager to ride the wave as it has all the ingredients for a mid / long term profitable trend (I am referring to investors, and the "average joe" on the buy and hold for 5 years, not traders).

Obama is just doing a fantastic political job in taking advantage of the circumstances. The tax cuts it just the cherry on top to make this enter in bull market at full swing just before election. If everything pans-out TA wise in the next few months, it will be v. difficult to any republican to argue about the "economy"....We'll see

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #60,208
  • Feb 24, 2012 1:48am Feb 24, 2012 1:48am
Quoting Gleneagles
size does not always count

small position with huge pip gains is worth as much as large position with small pip gains

but point taken .... it would have been damn perfect to park one like that at full load and just watch it grow
oh man for sure... thats why i mentioned being able to afford the size... i dont think i could have put most of my account on it then just sat on my hands for months on end. lol i have a profit protection stop well below 3000... i really likes how we dipped down below it and rejected it too...
  • #60,209
  • Feb 24, 2012 1:53am Feb 24, 2012 1:53am
Quoting fxjawn
oh man for sure... thats why i mentioned being able to afford the size... i dont think i could have put most of my account on it then just sat on my hands for months on end. lol i have a profit protection stop well below 3000... i really likes how we dipped down below it and rejected it too...

i can`t count past 12 and don`t even buy green bananas , i don`t have the right mentality to trade longer TF`s.

it is unusual for me to even roll over trades , the fact that i took some chips of the table and some profit locked in does help
" Never let the past hold the future to ransom "
  • #60,210
  • Feb 24, 2012 1:54am Feb 24, 2012 1:54am
aussie is the better play

http://www.foxbusiness.com/news/2012...n-banks-falls/

just needed some news to spark some profit taking
  • #60,211
  • Feb 24, 2012 1:56am Feb 24, 2012 1:56am
Quoting sisse
I have been reading your FA comments lately, IMHO I don't think are wrong but maybe a bit out of sync with what is the mover short term and what is a structural factor.... and I guess you only want to care about structural factors if you are swinging.

All those mumbojumbo with news, tweets, etc on Greece and EZ the last few weeks probably are charging you the toll on the FA side perspective ...but those are exceptional times and not the rule....so I wouldn't worry that much ....

In any case, yeap US stocks and markets in full control, there...
Thanks sisse... ya these are most certainly interesting times we live in and from a traders perspective the structural FA I am looking at is def more suited to trading off the much larger term charts and basically being able to wade through all this tweety intraday noise...

Im really looking for obama to be foreced to put his attention on driving down fuel prices... I cant see how he could win the elction if the average price of fuel soars to 7$ a gallon in the states.... THAT will be very interesting IMHO
  • #60,212
  • Feb 24, 2012 1:58am Feb 24, 2012 1:58am
Quoting Gleneagles
i can`t count past 12 and don`t even buy green bananas , i don`t have the right mentality to trade longer TF`s.

it is unusual for me to even roll over trades , the fact that i took some chips of the table and some profit locked in does help
lol me either im an intraday trader.... i was damn sure that was the bottom though ... at least for now... so i had to take the trade especially after the s&p downgrades on that friday before i took the trade... even made a stronger conviction for me to take the long position..

oanda also will let you open up sub accounts attatched to your primary account so thats what i did to take that trade... out of sight out of mind... ill just let it go
  • #60,213
  • Feb 24, 2012 2:01am Feb 24, 2012 2:01am
Quoting Wulfgar
Thanks sisse... ya these are most certainly interesting times we live in and from a traders perspective the structural FA I am looking at is def more suited to trading off the much larger term charts and basically being able to wade through all this tweety intraday noise...

Im really looking for obama to be foreced to put his attention on driving down fuel prices... I cant see how he could win the elction if the average price of fuel soars to 7$ a gallon in the states.... THAT will be very interesting IMHO
Good point but there is academic definition for that. There is hierarchical scale in crowds economic policy perceptions, fuel is high in the scale but there is something above that is unemployment/employment transfer...and if they manage to keep the u turn in the employment market...the fuel cost will be "forgotten" until later...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #60,214
  • Feb 24, 2012 2:06am Feb 24, 2012 2:06am
Temptation is whispering in my ear to grab a dustbin or 2 but I will shorten the chain so I can`t reach the keyboard

It is weekend dammit......

Have a good one ..lots of greenies
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" Never let the past hold the future to ransom "
  • #60,215
  • Feb 24, 2012 2:10am Feb 24, 2012 2:10am
Quoting sisse
Good point but there is academic definition for that. There is hierarchical scale in crowds economic policy perceptions, fuel is high in the scale but there is something above that is unemployment/employment transfer...and if they manage to keep the u turn in the employment market...the fuel cost will be "forgotten" until later...

sisse
certainly a very good point....

they are doing a great job driving the BLS numbers down month after month and making it "seem" like employment is on the road to recovery.... but absolutely a 5-6% unemployment number will have the masses doing backflips to get in line to vote for obama... very interesting times we live in... thats for sure
  • #60,216
  • Feb 24, 2012 2:13am Feb 24, 2012 2:13am
Quoting Gleneagles
Temptation is whispering in my ear to grab a dustbin or 2 but I will shorten the chain so I can`t reach the keyboard

It is weekend dammit......

Have a good one ..lots of greenies
good morning!! you gonna leave all the dusting to me today huh

i'll see what i can do and you have a great weekend
  • #60,217
  • Feb 24, 2012 2:14am Feb 24, 2012 2:14am
Quoting AllyB
good morning!! you gonna leave all the dusting to me today huh

i'll see what i can do and you have a great weekend
no no no sassyfrass
  • #60,218
  • Feb 24, 2012 2:18am Feb 24, 2012 2:18am
Quoting AllyB
good morning!! you gonna leave all the dusting to me today huh

i'll see what i can do and you have a great weekend
good luck , just waiting for the cloud cover to clear a bit , going to the farm

have a good weekend and happy dusting
" Never let the past hold the future to ransom "
  • #60,219
  • Feb 24, 2012 2:18am Feb 24, 2012 2:18am
Quoting fxjawn
no no no sassyfrass
no no no what do you mean no no no
  • #60,220
  • Feb 24, 2012 2:19am Feb 24, 2012 2:19am
Quoting AllyB
no no no what do you mean no no no
sorry its all i could think of
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