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10 to 20 pips short of breaking out of this flag formation. Good luck longs!

I'm waiting for a pullback to get in on short side. Don't have hopes of anything more than the 1.1330 area at bottom of the channel that we have been in since sept. Going long from here is quite a ballsy trade. Good luck.

bluestreek, if you don't like the way dow, spx are behaving then why don't you find a market that is behaving in line with your expectations. For example forex. eur/dollar is behaving as it should fundamentally, that is, trending against the dollar. Maybe some big players on wall street can...

I read recently that in 1929, both Rockerfeller and Jessie Livermore declared the end of the bear market. These guys were almost always right on the market hence their vast fortunes. The bear market lasted for years more.... if they can't call a market turn then why try. Wait for price to...

Romik, got a target or just trailing a stop?

"time 2 buy now" is it? I'm not so convinced. As much as I hate to try and make market predictions, I think that a test of 12,360 area on dow is more probable before any further direction is decicded.

bullish flag looks very tasty too. I'll have me a bit of that action.

On daily chart looks way overbought with divergence showing up on RSI ... when I looked at monthly chart, wow, from here it looks like the party hasn't even started yet.

when I look at the daily chart I see a flag forming right over the upper line of the channel that has been in place since september. This looks very bullish to me. My money is on at the very least a retest of 1.1750 high set in april. good luck longs.

agreed there is a divergence. Not unlike divergence on weekly chart 2004, but it went on to clock another high along with another divergence. Ok maybe "great buying opportunity" was a bit strong. I bought in because I liked the flag formation, hope it works out but I'm out if it breaks down.

think is a great buying opportunity, right at the bottom of the flag formation. No doubt a cluster of stops under 1.3050 will be easy to take out but I really expect it to hold above that level by end of day.

Romik, I agree with that. If you trade medium or long term and mark your stops against the Market and NOT against finspreads quote then you should be ok. Interestingly, if you chose to mark your stop against market and not finspreads own quote, they whack the margin on the trade way up...

Hey Elsworth, can you recommend any honest spreadbetting firms? From what I hear and experienced Finspreads is one of the more shady and dishonest outfits. Yep, waiting for the big bang, waiting for confirmation first though.

Two of my positions were stopped out earlier. I had placed these stops out of harms way so I was rather surprised. Normally I would just chalked it up to the usual market fun and games and accepted the loss, however on checking the underlying market from a different source, I noticed that the...

I read that corporate insiders are aggressively liquidating stock, at a rate of about 7 shares sold for each share purchased, according to recent figures from Vickers (http://www.vickers-stock.com/)

I believe that Warren Buffet has averaged 20% returns for the last 50 years ... the result is a portfolio worth billions. Not everyone can be Warren Buffet though

Oh I didn't realise that. Anyway, would still appreciate some advice regarding opening/closing positions at market prices vs using opening/closing orders?? It's something I've been thinking about. It seems to me that using opening orders will get you a better price and that's closer to a...

Hi, been following this board for a while in the background. I've been spread betting currencies for about 6 months with overall success. Does anyone have a view on using a spreadbetting platform (I use FinSpreads) vs something like OANDA? Also, does anyone have an opinion on...