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  • #2,001
  • Sep 19, 2012 9:09am Sep 19, 2012 9:09am
Quoting Crassius
First profit target bagged near the Daily Open.... crankin up the SL on rest...

Nice work mate,this things got 3090-3130
writen all over it.
You can remain irrational longer than you can remain solvent.
  • #2,002
  • Sep 19, 2012 9:21am Sep 19, 2012 9:21am
I was a little late to the party with this
and have already taken half off for 20 pips,
no limit yet.
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You can remain irrational longer than you can remain solvent.
  • #2,003
  • Sep 19, 2012 9:35am Sep 19, 2012 9:35am
Quoting jezek5
I was a little late to the party with this
and have already taken half off for 20 pips,
no limit yet.
Good Job --- We are fighting equities who have declining earnings and a global slow down to weigh them down .... Oil is falling too as the Saudi's pump more... S&P back down near the days low again.... Hard to get some Risk On sentiment with other markets selling and probably rightfully so for them...
  • #2,004
  • Sep 19, 2012 9:40am Sep 19, 2012 9:40am
Quoting Crassius
Good Job --- We are fighting equities who have declining earnings and a global slow down to weigh them down .... Oil is falling too as the Saudi's pump more... S&P back down near the days low again.... Hard to get some Risk On sentiment with other markets selling and probably rightfully so for them...
Tough day for sure but then it is Wednesday.
Oh...are the Saudi's lying again and claiming
they can pump more oil,most of their fields are collapsing,
they'll have to gas them again first and even then it won't work.IMHO.
You can remain irrational longer than you can remain solvent.
  • #2,005
  • Sep 19, 2012 10:04am Sep 19, 2012 10:04am
Mmmm...Stocks seem to have a constant offer on them,
Yen going mad and Dollar selling off,
looks like some Japanese holdings are booking profits.
Could be a buying opportunity for stocks.
You can remain irrational longer than you can remain solvent.
  • #2,006
  • Sep 19, 2012 10:21am Sep 19, 2012 10:21am
Second Profit Target reached 3064.... will let the last ride and let the market take it out. I have a proprietary stop loss that cranks up with price built out of Digital Filters looking at Price Action Bar ATR.... when it hits the last tranche will come off wherever that may be... I hope we stay alive through roll over because despite the heavy tone in US equities... Dax has made it nearly back to its highs, and I think Japan will have a very positive session on more QE pumping for them.... anyway... what comes will come... there will be another entry opportunity somewhere tomorrow.

an hourly close above the 100 HMA would be nice currently sits at 3058
  • #2,007
  • Sep 19, 2012 10:27am Sep 19, 2012 10:27am
Bears might try a short here at 3070 against the days high 3085 -- gamble up a little if yo are so inclined
  • #2,008
  • Sep 19, 2012 10:30am Sep 19, 2012 10:30am
Quoting jezek5
I was a little late to the party with this
and have already taken half off for 20 pips,
no limit yet.

Took another half off at 68 for 40 pips,
limit set at 3090 for last bit.
You can remain irrational longer than you can remain solvent.
  • #2,009
  • Edited 1:40pm Sep 19, 2012 11:08am | Edited 1:40pm
3070 -- Definately an inflection point. Trend lines can be subjective.... but as a ball park, Here's the Post Fed Rising trend line with the 50 HMA hidden by the decending trend line in Red from the highs, and a close just now above the 100 HMA in dodger blue(light blue).

If she stalls it will be here.... a break out from the trend lines has the Kumo just above with its bottom at 3090ish and falling.... The Asian's love Ichimoku and that 3090 Kumo bottom will mean more to them than my subjective trend lines. Suggests limited up side.... Then again.... breakouts carry ballistic momentum behind them....

Twisting Kumo (cloud) suggests short term trend change (to Down). Ichi is great for a quick glance at the chart for levels, but it is too lagging to be usefull by its trade rules, so I wouldn't read to much into the cloud twist.
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  • #2,010
  • Sep 19, 2012 1:11pm Sep 19, 2012 1:11pm
Quoting jezek5
Took another half off at 68 for 40 pips,
limit set at 3090 for last bit.

Moving stop up to 37 locking 10 in on last bit.
You can remain irrational longer than you can remain solvent.
  • #2,011
  • Sep 20, 2012 12:50am Sep 20, 2012 12:50am
Quoting Crassius
Bears might try a short here at 3070 against the days high 3085 -- gamble up a little if yo are so inclined

Who let the Dog's OUT!!!

This worked out well for anyone who took it....
  • #2,012
  • Sep 20, 2012 1:14am Sep 20, 2012 1:14am
I've have 1/2 percent risk layered in between 2960 and 2950. SL tucked under 2935 support....
  • #2,013
  • Edited 1:48am Sep 20, 2012 1:44am | Edited 1:48am
Quoting Crassius
I've have 1/2 percent risk layered in between 2960 and 2950. SL tucked under 2935 support....

Position sized small given risk, but we have 10 DMA.... a likely target coming of the Boli's we have tagged recently at 2963, The 100 bar SMA on the 4 Hour at 2967, Tenkan-Sen on the Daily at 2962 (w/ Sunday bars) and 2950 is S2. Hourly Trend channel support there as well, someone just pointed out to me.

Next support down is 2935, which is close enough to tuck a SL well under if you layer into 2950 with small size.

Big risk event today will be the Spanish Ten Year bond auction.... bad results could see a fast money blow out. If that happens and not filled by then, will get out of the way.

TL around 2800 may be in the offering eventually to thoroughly blow off the froth from the parabolic chart.... would like to catch a bounce on the way down, if picked carefully.

This also could be a wave C of a three wave correction off highs and end 2950 - 2935....
  • #2,014
  • Sep 20, 2012 2:02am Sep 20, 2012 2:02am
Quoting Crassius
Position sized small given risk, but we have 10 DMA.... a likely target coming of the Boli's we have tagged recently at 2963, The 100 bar SMA on the 4 Hour at 2967, Tenkan-Sen on the Daily at 2962 (w/ Sunday bars) and 2950 is S2. Hourly Trend channel support there as well, someone just pointed out to me.

Add to that the 200 HMA....

Worst Manufacturing PMI for France in 3 1/2 years a lttle more bearish start to the morning than I had hoped.... all filled up now....

only have 1/2 percent on.....
  • #2,015
  • Sep 20, 2012 2:26am Sep 20, 2012 2:26am
I just took my two highest entries off for an average loss of 3 pips..... then closed to two closest for an average of 3 pips to the good... all off at Break even....

French PMI horrible, German due in a few minutes....


will try again 2900/10
  • #2,016
  • Sep 20, 2012 2:29am Sep 20, 2012 2:29am
Quoting Crassius

French PMI horrible, German due in a few minutes....

Of course Germany exceeds and my trade now closed takes off.... oh well it wasn't worth the risk.....
  • #2,017
  • Sep 20, 2012 2:47am Sep 20, 2012 2:47am
I have a feeling that the very very bad French PMI will weigh on equities all day through NY today.... fits in with China's dismal stats last night and the whole global slow down thing.....

bounces may be dead cat bounces if fighting that headwind....

Sure is tempting though right here at 2965 with that channel bottom and all that tech support confluence....

OH well... I took my shot.... on to the next entry....
  • #2,018
  • Sep 20, 2012 6:09am Sep 20, 2012 6:09am
Tagging the bottom of the channel on the pull back. WE have traded as low as 2930 near the 2935 tech support.

2883 is the key for a route downside..... I have a small short on.... contemplated shorting 2980, but it happened so quick I didn't get it on.... took a small short on this pull back 2955...

Looking forward to playing 2900/10 against 2883
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  • #2,019
  • Sep 20, 2012 6:54am Sep 20, 2012 6:54am
Quoting Crassius
. took a small short on this pull back 2955...

Closed it for a quick scalp of 11 pips.... there will be better entries...
  • #2,020
  • Sep 20, 2012 9:12am Sep 20, 2012 9:12am
I have some buy orders layered in to 2900 and was hoping for a fill in an exhaustion move on the data...

2883 is a key floor, and close enough to 2900 to tuck a stop under, and 2896 would make the decline from the highs an ABC with two equal legs.

Philly Fed number surprised t the upside and S&P500.... which was making a beautiful exhaustion move to carry us into my orders right on schedule, flipped and bounced.... carrying EURUSD with it back to 2940...

for now.... my orders rest.... but best chance to get a fill was the data release... for now.
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