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Volatility is bit higher here than that STPP trade...to say the least

Anybody see US Steel(X) today? That thing was like a bat outta hell Would wait for a monthly confirm here, but I have been seeing some outperformance here...question is will it stick. Would watch very carefully. Also be aware if you are trading this thing, its a beast lol!

Mudslime, excuse me?? I don't usually frequent this part of the forum, and judging by the way some of the posters talk in here I am glad I don't. I thought the trading discussions have degraded over the years, but this little shit hole is even worse. Oh well, I'm sure this place is 95% kids...

If someone calls a Sikh's turban a diaper, I will most definately get bent out of shape. Half of my family are baptised sikhs and wear turbans. Its a very important religous symbol and I think that should be respected.

Those rags and diapers are a very important religous symbol to Sikhs and they have been wearing them for hundreds of years. You think this nutjob that did the shooting didn't know they were Sikhs and not Muslims. If he cant simply go to google and seperate the two then he must be mentally...

Oh nice haven't seen that IEF before. Yea thats a good point, only concern would be if the trade didnt work then it becomes a shorter term trade lol. On the other hand it seems like there are some large block trades in there on some days so it may not be a big deal. If someone puts a trade...

maybe this SHY-TLT might work a bit better. Looks pretty close

Wow that thing traded like 550 shares today...I like the trade, but that ETF is a bit rough on the liquidity side.

Haha, yea right i think that ETF ladder is a contrary indicator, just buy the bottom sectors and sell top ones. Good spread there...what ya think? lol high levels bases are the best! You know when they align with a signal its money in the bank...lol

Here's XLE...that yearly aup target and maybe more in play

I know MFB posts his long term charts at times, so here's mine :) XHB the homebuilders ETF has quite the interesting weekly chart. Here we have XHB confirming the yearly AUP earlier in the year and now we have built up a pretty nice pattern up there. I know Mav likes his bases, what do you...

Haha good ol' Price action. I think this is prob true. Most of the people my age that i've traded around tend to be very opinionated and think too much.

Nice bounce in those semis off your quarter a down! For some reason my data doesnt go back far enough to get quarterly levels for SMH. Great trade tho, gotta say didn't expect that move!

Here is a good article on spread trading: http://dynamichedge.com/2010/06/29/what-is-spread-trading/

Well, everyone trades differently. I'm more comfortable putting on a spread as I have worked with them for some time and I understand the relationships pretty well. This is nothing more than a bet on the divergence of the spread...you are looking to buy something strong and sell something...

Now your making me wish I would've took that trade! Hindsight trading is always fun isn't it lol

you have a failed intraday aup in XOP? hmm mine didnt even come out of the OR...

Sure that was a legit entry. I The XOP trade netted a solid 60bps or so...not bad. Interesting the weakness in energy today given how well bid they have been. Didn't see todays action coming there.

The entry was based off of the qqq's. Failed weekly in the qqq's, relative strength, and a confirmed aup off the weekly. So in this case the proper comparison would be against the qqq's at 8:50. I posted the chart in my prior post, the spread was by far smoother

For what reason would you want to be short XOP directionally?