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  1. W

    Trading Down Under - SnP and others

    24 Oct Long 866.2 Closed 860.3 - 5.9pts Total for Oct 4.6pts
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    Poll: Will the Globex be No More?

    On the subject of the tail wagging the dog. You may reme,ber lsat year there was a day where the DOW index computer jammed [or broke down or something] for a short period, whne it was fixed it showed a jump down of 200pts in a couple of ticks or something similar. Once this was seen there...
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    Trading Down Under - SnP and others

    First trade on the SnP for over a month. The market has been pretty volatile AH so have not been trading the AH gaps. Daylight saving means I can now wake up early and trade the pm session. It moves a lot faster than AH, so will be taking ti slow initially. Did my first trade today...
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    USD rally

    I was watching the action all day and night [no jokes I was looking for an entry point for the mother of all bounces] it was steady selling at higher than normal volumes for the asian session all night. But not like real huge volume. There wasn't much of a battle to push the euro through 1.3000...
  5. W

    So doesn't using "tight stops" necessitate

    Simple answer is place your target to where you would normally put your stop and collect 3.25pts on every trade. Nice to see you are trading real money now. Cheers
  6. W

    14 winners in a row

    U R joking of course. We all know how it ended. The OP explained that he waited for price to come back a little his way before pressing the stop button. Trading $250k parcels on a small account only needs one trade not to come back a little and bye bye..
  7. W

    Margin. Redemptions.

    Amazing but true. It looks like the market is readjusting to a new level maybe sub 1000 and will be there for a while. If people are hoping for a big bounce they will probably be dissappointed. A 50% retracement looks on the cards with earnings season coming up.
  8. W

    Do you carry trendlines through the weekend?

    F/X market doesn't technically close but the volume dries up over the weekend. Market starts moving agin when it opens in NZ around 2pm EST. Usually if there is a gap this will close during the day. Not always I've been chasing todays gap on the euro and am lucky to be up 6pts..... As...
  9. W

    Trading Down Under - SnP and others

    Results for Sep -17 SnP -183.6 Aug/Sep Total +15.4pts SnP -168.2pts Scary times... Huge gaps, big whipsaws.
  10. W

    Thou Shall Not Lose

    OP Hang in there, I too have had a tendency to have the occassional big drawdown after a long period of slow growth. I'm slowly getting better and the big drawdowns have been getting smaller. It's easy with hindsight to be hard on yourself and over analyse your behaviour. Doing that will...
  11. W

    breaking news-bailout plan falls apart !

    Dont be too hard on the GOP. 1. For the last 18 months the US has been assured by Paulson, Bush and Bernacke that the economy is strong and the banks are OK. 2. Cost of living has increased, house values have fallen, job security has decreased, a lot of people have walked away from their...
  12. W

    Forex ideas

    Hi Ivica Do you look for set ups for the market open for the weak? I look for gaps to fade with lose stop. Gaps Usually close before Europeanarkets open Doesnt gap every week though. If you awake it may be worth having a look. Cheers
  13. W

    Trading Down Under - SnP and others

    19 Sep Crazy trading times... Long 1230.1 Closed 1234.3 +4.2 For Sep -17
  14. W

    Forex ideas

    Nice analysis Cheers
  15. W

    Leading 'Rescue' Plan for Lehman to 'Split It Up'

    Looks like the govt are playing hardball with the street BSC bailout appears to be a one off and since then the various IB's have had the opportunity to sort them selves out ie raise additional capital, access to the discount window etc. LEH have had ample opportunity to recapitalise and...
  16. W

    Strange Silver action

    Cash cost of silver production is approx $3/oz. Work it out.
  17. W

    Trading Down Under - SnP and others

    Sep 11 pre market Long 1224.1 Closed 1219.9 -4.2pts Total Sep -21.2pts Note SnP tracking FTSE down - outside my comfrot zone. Its pretty unusual for the SnP to open with a downside gap below the previous days close, but with job numbers coming out tonight I wouldn't bet on it.
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    COT & Gold - What's the relation?

    Just because commercials are starting to hedge against price increases doesnt mean they necessarily expect a price explosion. I don't know that commercial users of gold are any better at predicting price moves than anyone else.
  19. W

    Trading Down Under - SnP and others

    9 Sep Long 1264.3 Close 1263.5 -0.8pts Total for Sep -17pts Cheers
  20. W

    Was this a bear trap or am I paranoid

    Lets see... Market dumped [sold off rapidly]3x times on Thursday. Looked like rinse and repeat on the downtick. 4x if you include the premarket ES. Continued to sell off on Friday, then got bought up. Surprise, surprise ex GS Paulson announces conservatorship over weekend. Market now...
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