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I thought of posting this 60 minute chart of November light crude contract, ImO here is a good point to re-enter. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1627409>

LOL

What I would like to know is this. When you invest your money in a fund (any fund) and they lose your money, there is nothing you can do as you accepted risk at time of handing over funds. On the other hand when a bank invests money in us by way of lending and when we can't meet repayment...

I was cained on last trade, had to take -11.5 point loss on 3 lots. Looking hard for a short entry now.

3rd +31 and short 3

Saxon, you been pawned, sorry to say and with class :) I agree with Buy1Sell2, less quantity and more quality.

Scaled out 2 +12.5 and holding 3rd long for now. It's interesting, 10 minute chart shows a definite triple failure swing to upside, with 2 hour chart looking the way it does it calls for a decline any time now. All I can think is that we are waiting on US markets to signal a turn or total...

3rd +26 and Long 3

I see, thanks. Possible DT on 5 minute chart and below obviously, 2nd lower peak + divergence Thar she blows...7925 break confirms DT ImO

3rd +30.5 Short 3, 3 lower peaks Scaled out 2 +9.5

which period average do you refer to?

Well you know my view on this, I just can't trade longer term charts. It would be interesting to see an average of the PCR, like on that chart. I have no idea how to organise it.

Yes, what are your thoughts?

If you buy low & sell hi + employ correct money management and bother to use correct risk reward ratios, then by all means take all divergences and results should be pretty darn good, lose some, win more :) Trust me, I am a piker that hates giving money away. I'll tell you one more thing...

WOW Jim, LOL, I pay NADA for my soft or feed, now THAT is a bargain!

Yes, still holding last lot long, you should walk over to Shorting DAX thread mate, bring your wisdom and beer :)

Scaled out 2 +15.5

FTSE open shake out Long 3

Long 3 -3.5 Long 3 -2 Long 3 -4

I also noticed a spike in Gold back in 06 and now obviously breaking all time highs. Back in 06 stock markets sold off, perhaps it was cyclical as well, I don't know that. Right now we have Gold adding $100 in a very short amount of time, this could also probably point to money flowing into...