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Considering current retracement areas on ES & YM I do like Atticus's entry. Possible divergence on 2 hour chart attached. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1671083>

YM is @ 61.8

Also futures are valued/settled in USD which has been at a steady decline against major currencies, so if you have the likes of Iran, so they claimed previously, only willing to sell crude in EUR and we all know how EUR is vs USD right now and has been trending for quite some time.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1671064>

He made an awesome call, but his gains are not "heroic", about 3% on margin so far. If he was to use a $1k margin or account size near $100k-500K, then it would have been a different matter.

How would you measure a substantial gain in your YM position? Would that be 1000+ considering you willing to lose 200 pts here and there? And do you increase position size after a loss or add to a winning one?

Listen, forget about the markets, what are the Lotto numbers for this Friday?

Well done!

But the weaker USD becomes, just that alone ought to increase commodities valuations.

Only naive will trust news (unfortunately they are in the majority), media is one of manipulator's biggest edges, be it governments or extremely wealthy entities, also we have had media wars since intervention of newspapers in a way of propaganda. The more controlled a media is the more edge it...

hahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaha phew, sorry :)

C'MON PPT! C'MON PPT! C'MON PPT!

yes, and ain't that a total biyatch?!

What made you think that I was placing a bet on "patriotic affections"?, it was simply a cry out to USD PPT to step up and hold support zone, I only trade technicals, tested method. BTW I am a Brit :)

Too funny, win some, lose some, accepting losses is part of the game plan. Read last line in previous post, it says - I...AM...OUT...OF...THIS...ONE...FOR...NOW Don't get me wrong, it does look pretty shite right now, not so before ImO. I just might buy again IF charts show possible...

I got stopped out on trail also, there was a failure swing on 2 minute chart that I use ie 2 lower peaks in HIstogram and MACD lower low. Long 1 Looks like they will try 7814, IF then I'l add 1 more lot there stopped out

if potential reward outweighs risk factor & you base it on a proven technical pattern then there is absolutely nothing wrong with catching a falling knife, I do it all the time, this time obviously there are no buyers around on my time frame. I've bought USD before when everybody was going -...

Long 3 scaled out 2 +10 Morning Y!

USDJPY created a failure swing and declined further, if it continues declining today ES will most likely follow suit ImO.

If it doesn't go to 116 and possibly 118 setting up either a bear flag or a totally unexpected by most reversal, then I will be extremely disappointed. USD to bounce!!! Time is right, time is now, buy USD :) <img src=http://elitetrader.com/vb/attachment.php?s=&postid=1669012>