You have been offered a GIFT!

Hey ND....saw your post. I am no AMT but wanted to post what I am seeing anyway.

This week seems critical to me. Volume has been retracing last week so in terms of a reversal of trend, I would like to see increasing volume and a lower high set in this week which would create that H & S. If we can make a lower high and then take out 1000 the following week in conjunction with high volume, i think we have turned from a bull to a bear.

Who knows...the way this market is acting it seems like the market will never go down.
 
Hello Bug.

Be very careful about saying that.............i was sitting in front of the TV in 1987 as we crashed.

NEVER say never..............especially when money is involved.

:eek:
 
Quote from tradingbug:

Who knows...the way this market is acting it seems like the market will never go down.
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Thanks for the input, bug. I think we're all thinking this now, which technically is a profound short signal right there :D
 
Quote from oraclewizard77:

These are the gifts that can make you money until you get that margin call.

I am sure that if I had no stop loss on any of my trades, I would have a 90% win ratio or higher too, however, a really bad wrong call will margin you out.
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I don't know about you but I do use stops on my trades....also, no margin calls since 2003 and my trading is so deleverged these days I could almost say it is boring.

BTW, boring is good in trading.

So far since this thread I had cycled positions from 1080 up to 1097.75 as my highest entries....market sold off and I have covered targets down to the 1027.75 level to this point. 70 point run so far for the sell off from the failure to hit the 1100 level and breakout to higher highs. Now we have a new run back to the 1069's where I will be a seller tonight into the current move as I get Delta based signals with sell response. Commercials are holding over 20,000 contracts SHORT at the recent highs from Friday, so when they hold SHORT inventory I will remain an active seller.

In the days/weeks ahead, if we are able to trade beyond the 1099 level I will be very thankful for another "gift" from this market. I will again become an aggressive seller of any new yearly highs....since these set ups the past few months have had exceptional rotational price action with excellent 50 point and beyond pullbacks! :)
 
Thanks, AMT. Through my sim trading and market study in general I've come to see the value in your strategy, and it fits my comfort level as well. I see that ES is now pressing a price zone that I've been contemplating for an initial foray to the short side for a swing position (1071).
 
Quote from NoDoji:

Thanks, AMT. Through my sim trading and market study in general I've come to see the value in your strategy, and it fits my comfort level as well. I see that ES is now pressing a price zone that I've been contemplating for an initial foray to the short side for a swing position (1071).
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I am starting to sell the 1077's this early morning (after the big US Dollar move overnight). You have to keep your eye on the US Dollar since weakness in the Dollar has been the primary support for most recent rallies in equities/ES (not the economy getting better....LOL!).
 
Quote from AMT4SWA:

I am starting to sell the 1077's this early morning (after the big US Dollar move overnight). You have to keep your eye on the US Dollar since weakness in the Dollar has been the primary support for most recent rallies in equities/ES (not the economy getting better....LOL!).
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looking at NQ chart it clearly shows H&S pattern. i think NQ might go till 1755

but so many times head and shoulder pattern failed so very cautious..
 
Quote from AMT4SWA:

You have to keep your eye on the US Dollar since weakness in the Dollar has been the primary support for most recent rallies in equities/ES (not the economy getting better....LOL!).
More...


Correct
 
and commodities............. the carry trade is alive and well.

Purchasing power parity

A weak dollar and rising stock, asset prices is a sick joke on all of us. Right on amt.

CORRECTION: weakening dollar :eek:

PS: and with the dollar slowly sneaking down and house prices still in the tank................what does that say about the REAL value of the house? Wealth has dropped a lot .........bankers still gonna get record bonus etc.

PSSS: Ivan but where is the appreciation of personal wealth with bogus asset prices rising? there is none when you see MONOPOLY money go up in value.
 
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