I have been posting here for a while now and many of you know I am a swing trader that uses TA and trend following techniques. I have been VERY bearish on this market since late July but now in the last 2 weeks ALL of that has changed. I am currently BULLISH and think this market could go...
I have very little desire to argue with the Unicycle (Bicycle is too big for him,...:D ). However, I thought I would point out to those that use TA that markets have turned very bullish in my opinion in the last 10 days. Here is the weekly chart similar to what Unicylce posted before but with...
Why in the world would you short oil with this kind of chart? Everything is pointing higher at present and a down trend was broken back around October 20. All moving avergaes are stacked one on top of another as well defining an uptrend. If you want to be short as a reversion to the mean...
Ok,..reread,..I see 218 is your highest price. I thought it was 208.
In any event,...are you adding to a losing position then as the price goes higher? Why are you excited about 10% move from 218 which woul bring the price down to $197....which happens to be $7 higher than the last trade...
I agree to post in advance is best. It would be nice to know what he sees in the TA that makes him want to short and WHY those particular prices. This is supposed to be a forum to discuss trades not just time stamp the actual trade. Also, what is your stop or Buy to cover price for this...
Assume nothing and TRUST NO ONE,...If you mother says she loves you check it out!!
Seriously,... in this business you can only trust your own analysis. You have to learn as much as you can from everyone!! Even the village idiot has something to teach you....but that may be what NOT to do...
Serious?....Either you are using win rate terminology incorrectly or you have a system that is SERIOUSLY FLAWED!! Any system that has a win rate of 4% means you only win 4 out of 100 trades,...so you LOSE 96% of the time. Flip a coin and you will have a better system. Yes I realize that win...
Could you please explain WHY?? and what you see in the TA that makes you want to short this. Based on my analysis I think that is a bad trade. I will not be going long IBM as I think there are other better trades out there but I CERTAINLY would NOT chort IBM here.....at least not yet.
FYI,...I actually called the bottom pretty damn well. Here is a pic of a post from another thread on this forum,...NOTE THE TIME STAMP.... All trades mentioned were posted in realtime in another thread.
AGAIN the Trading URINAL talks out of his ass.
Yeah,...I definitely have a profitable system and follow it as much as possible. I become reassured nearly every week that my system should be followed. I guess part of the issue with lack of discussion here is that there is nothing for people to criticize.,....or maybe thats just my...
Although I think NoDoji is trying to give useful/constructive information I think I will have to disagree with much of what NoDoji has said.
Trading is a FULL CONTACT sport like Hockey. You MUST learn to skate backwards to be successful. Therefore, you MUST learn to short just as much as...
What you are saying is true if there is chop or high volatility moves against you then in the LONG run you will lose money. Hoewever, as someone that FREQUENTLY uses these to swing trade I can tell you the 2x ETFs work very well!!. You just have to make sure the trend in in your direction. If...
I agree with most of what you are saying about inexperienced and untrained players,....but trading is one place that the little guy actually has ONE big advantage that the institutional money does not have. That is our size and speed. We can liquidate and completely reverse course on our...
So the S&P decides to close at the ABSOLUTE BOTTOM of the day.....LOL
QQQ at 53.21...:D . I did not short any more as I was already short as mentioned above. So the trading urinal AGAIN is talking out of his ass. Give it up LOL.
actually, I've been short this entire market since last thursday. In fact, I have been short financials, material, silver, media, and emerging markets via 2x etfs
This is all documented in my journal. dumbass.:D
I have decided that I will not be keeping this Journal online anymore as it is too much work to keep it up in real time with my full time career/job. I do enjoy discussing trading and that was actually the main thrust of this journal. However, it seems few people on this forum engage in the...
Excellent day so far. Just checked the market for first time. UP OVER 5% so far today assuming we close around here.
I think we are going significantly lower from here. My Balloon analogy worked perfectly and anyone following can see that the S&P POPPED the balloon (broke the trend line)...
POP!..........the balloon is deflating (see prior posts and charts)
I realize these are Futures and there are 5 hrs to market open but today will not be pretty if you ask me.