Are we going to have our first red hourly candle since london?
- #682,502
- Aug 21, 2012 10:59am Aug 21, 2012 10:59am
There are many reasons to feel skeptical, I believe. These moves are a bit asinine, really. There was word of no US QE, but there are still mounds of bad economic data either in the US, Europe or China - and the volume is lackluster the past few weeks. I literally read ten articles in the last two days about how the markets are up on "hope." It is a bit sad we have been reduce to trade on hopes and dreams and pixie dust. Maybe if we think happy thoughts we can fly around the room like Peter Pan.
Disclosure: Long on hopes and dreams for the next...
- #682,504
- Aug 21, 2012 11:02am Aug 21, 2012 11:02am
- Joined Aug 2008 | Status: Fear makes us see who we really are | 4,822 Posts
They think they are smarter than I am.
- #682,506
- Edited 11:08am Aug 21, 2012 11:03am | Edited 11:08am
- | Joined Feb 2008 | Status: Suffering from Casandra syndrome | 1,384 Posts
I have a tight small lose , i already pissed off from what happened today. I was waiting for this move and when it happened i was sleep and my long was closed automatic
I really hate it when it happens
- #682,507
- Aug 21, 2012 11:03am Aug 21, 2012 11:03am
- | Membership Revoked | Joined Jul 2012 | 4,197 Posts
"It's the Margin, Stupid."
- #682,510
- Aug 21, 2012 11:05am Aug 21, 2012 11:05am
- | Membership Revoked | Joined Jul 2012 | 4,197 Posts
"It's the Margin, Stupid."
- #682,514
- Aug 21, 2012 11:11am Aug 21, 2012 11:11am
- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 6,096 Posts
Simplicity is the ultimate sophistication - Leonardo da Vinci
- #682,516
- Aug 21, 2012 11:13am Aug 21, 2012 11:13am
- Joined Apr 2009 | Status: Non-Member | 4,719 Posts
People who trade on hope might get by for a little bit, but the problem is that they never see the straw that breaks the camels back, and hopefully thats where we step in. Learning to trade fear and greed correctly might as well be the equivalent to flying around the room like Peter Pan
- #682,519
- Aug 21, 2012 11:18am Aug 21, 2012 11:18am
- Joined Apr 2009 | Status: Non-Member | 4,719 Posts
- #682,520
- Aug 21, 2012 11:20am Aug 21, 2012 11:20am
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
wow 9 hourly closes above open on no scheduled news lol.... gotta love those articles talking about not breaking any levels until vacations are over!!!
(i guess in europe)
Mohan