Recent content by womblevader

Don't We recently had 2 downside gaps before the market went down to 670. Ouch!! There's not as much data for downside gaps in a bear market but it would appear that trading upside gaps is a less risky strategy.

I trade both IG Markets and CMC Markets CMC Good Requotes in fast moving markets means you can exit with a market order. Can trade really small parcels whihc is useful if you like to scale in and out. Bad FX spreads can [and do regulalary] widen up to 50-60pips during periods of low...

Thanks for all the interesting discussion. Please correct me if I am wrong, 1. The conversion of preferreds to common sholdn't change the value of the firm, only the value of the SP [dilution]. 2. This will shore up the weakest part of C's balance sheet. As they have more than adequate...

A couple of observations on the SPX today. Today's high and low were almost identical to yesterdays high and low but in the opposite order. Almost the exact reverse of the previous 2 days pattern, hard to form a view on direction. Up vol was greater than down vol for the SnP, but for...

Nice trading, congrats on the win. Also good to see someone trading more than 5c per pip. No disrespect to any of the other posters. Hope you get another one soon

I agree with the OP that market is oversold, but that doesn't prevent it from becoming more oversold. There is definitely a lot of fear out there, however bonds yields have been increasing while the S&P has been tanking. Also S&P earnings yields are at way record highs even at 48 and 750...

Hi If you have a look at the medium term [30 yr] line for the S&P you see that it is reasonably straight and moves slowly in an upwards direction. If you ignore the tech bubble and financial engineering and leverage bubbles it looks like we have come back to around the level you would...

My understanding is that the ES usually moves slowly once the Asian markets open. Then moves in tandem with the FTSE once open and US premarket opens the arbs can come in and either move the ES towards the SP500 or the SP500 towards the ES. Once US markets are fully open it takes a couple of...

Vol Here is some weekly [data hi lo close] for SP Futures for OPEX week. Formatting sucks but the %age shows you the how much higher the index is than the weeks low. Its not always dead in the middle but is always somewhere near the middle. I'm looking for a close of around 800-806...

need medication ......retrace....brain hurts....another sell...another buy........... not okay....there are 2 trends........can't think........can't type.....went from #2 to #1....trend...run....down........nurse coming..............up down sideways all looks same to me ...have to go time for meds

A couple of thoughts on this weeks PA 1. Remember OPEX this week. Close is usually close to midpoint of weeks high and low. Must be the Sith Lords at work. 2. Everyone I know is already short. Or long and not selling. Disc Long av price 884. Cheers

I can't resist: But Patrick Byrne hero of the anti [naked] short selling brigade.has said many times that the market is controlled by an evil Sith Lord. Patrick Byrne is t CEO and founder of Overstock a company that usually has huge short interest. I'm not sure if this would cloud his...

I know these guys have a bad rep but they are probably OK if you understand the advantages and disadvantages of using them. I trade indexes with CMC markets and use IG Markets for FX. They are good for me as I live in New Zealand and it gives me simple real time access to a large number of...

Where are you guys placing your stops?