Jump to content



Photo

Any brave sword catchers here....


  • Please log in to reply
43 replies to this topic

#1 NAV

NAV

    Member

  • Traders-Talk User
  • 15,985 posts

Posted 12 April 2011 - 09:14 AM

who still think the trend is up ? Took 11 points profit on 1/3 position. Will hold the rest 2/3 for bigger gains.

"It's not the knowing that is difficult, but the doing"

 

https://twitter.com/Trader_NAV

 

 


#2 Rogerdodger

Rogerdodger

    Member

  • TT Member*
  • 24,519 posts

Posted 12 April 2011 - 09:16 AM

MACD crosses and trend line breaks galore.
http://stockcharts.c...t...04&cmd=show[s47184904]&disp=O

#3 IndexTrader

IndexTrader

    Member

  • TT Patron+
  • 7,694 posts

Posted 12 April 2011 - 09:16 AM

I bought the ES at 1308.75. Stop at 1297.00.

#4 NAV

NAV

    Member

  • Traders-Talk User
  • 15,985 posts

Posted 12 April 2011 - 09:19 AM

I bought the ES at 1308.75. Stop at 1297.00.


Good luck with the trade.

1297 will be gone by the EOD IMO.


Edit: Sorry I mean't 1307 will be gone by EOD (not 1297). SPX 1305 is huge support. I want to wait and watch as to what happens there.

Edited by NAV, 12 April 2011 - 09:23 AM.

"It's not the knowing that is difficult, but the doing"

 

https://twitter.com/Trader_NAV

 

 


#5 inamosa

inamosa

    Patterns-based Trader and Investor in ETFs and Futures

  • Traders-Talk User
  • 1,638 posts

Posted 12 April 2011 - 09:21 AM

I posted this on the weekend in RD's thread on the II Bull/Bear Spread which was unusually high last week:

I see this as a legitimate short-term concern that could lead to a short, sharp pullback or some choppy action for a couple of weeks - but certainly not worse than November's pullback at worst.

The market looks too healthy right now for anything more than that on the downside.


Still with that view, overall.
"Our job is not to predict where the market will go, but to interpret daily price and volume action to ascertain the facts of the current environment and make decisions based on that interpretation."
-Scott O'Neil (son of William O'Neil), Portfolio Manager at O’Neil Data Systems, when asked where the Dow would go in the coming months

#6 arbman

arbman

    Quant

  • Traders-Talk User
  • 19,503 posts

Posted 12 April 2011 - 09:43 AM

I concur, 1305 is the zone and almost there...

Edited by arbman, 12 April 2011 - 09:46 AM.


#7 fib_1618

fib_1618

    Member

  • Traders-Talk User
  • 8,853 posts

Posted 12 April 2011 - 09:46 AM

who still think the trend is up ?

The trend remains up on the daily, weekly, and monthly time periods - what time frame are you looking at...15 minute?

Better to ignore me than abhor me.

Wise men don't need advice. Fools won't take it. - Benjamin Franklin

Technical Watch Subscriptions

Technical Watch Twitter Page

Technical Watch Facebook Page


#8 NAV

NAV

    Member

  • Traders-Talk User
  • 15,985 posts

Posted 12 April 2011 - 09:52 AM

who still think the trend is up ?

The trend remains up on the daily, weekly, and monthly time periods - what time frame are you looking at...15 minute?


Hourly and Daily.

"It's not the knowing that is difficult, but the doing"

 

https://twitter.com/Trader_NAV

 

 


#9 dcengr

dcengr

    Member

  • Traders-Talk User
  • 13,391 posts

Posted 12 April 2011 - 09:53 AM

Great thread.
Qui custodiet ipsos custodes?

#10 fib_1618

fib_1618

    Member

  • Traders-Talk User
  • 8,853 posts

Posted 12 April 2011 - 09:54 AM

Hourly and Daily.

Maybe on the hourly (oh so slightly), but I don't see a top beneath a top on the daily. What is your definition of a trend?

Fib

Edited by fib_1618, 12 April 2011 - 09:54 AM.

Better to ignore me than abhor me.

Wise men don't need advice. Fools won't take it. - Benjamin Franklin

Technical Watch Subscriptions

Technical Watch Twitter Page

Technical Watch Facebook Page