49 replies to this topic

[TechMan]

Did Something Just Come Out?

The Dollar happened....

Look in that white circle and see how it had been under siege and under attack all day today right along that 38.2% Fibonacci Retrace area. The night's still young....

[dcengr]

Did Something Just Come Out?

The Dollar happened....

Look in that white circle and see how it had been under siege and under attack all day today right along that 38.2% Fibonacci Retrace area. The night's still young....

Well not much moved except equity indices.. gold/oil kinda yawned.

[TechMan]

Well not much moved except equity indices.. gold/oil kinda yawned.

I think the real fun begins when European Bourses open for business....

[dcengr]

Well not much moved except equity indices.. gold/oil kinda yawned.

I think the real fun begins when European Bourses open for business....

I expected that when the breakdown came, china would be crying me a yellow river, but it's not...

[qqqqtrdr]

I think they will bottom it over night.... Euro has stopped plummeting for now, and Nikkei although down has stopped its decent...... Let's see what happens when Europe opens..... It looks like futures are at least holding temporarily at support... Barry

[TechMan]

I think they will bottom it over night....

Euro has stopped plummeting for now, and Nikkei although down has stopped its decent...... Let's see what happens when Europe opens.....

It looks like futures are at least holding temporarily at support...

Barry

Wishful thinking when you're holding long positions... No one knows at this point. We'll see....

BTW, forgot to mention all kinds of rumors flying all over the place. One of them being Germany considering leaving the EU.

Sorry, I just couldn't help it....
--------
GREECE IS THE WORD

We solve our problems and we see the light
We got a lovin' thing, we gotta feed it right
There ain't no danger we can go too far
We start believing now that we can be what we are

GREECE IS THE WORD
It's got groove it's got meaning
GREECE is the time, is the place, is the motion
GREECE is the way we are feeling

We take the pressure and we throw away
Conventionality belongs to yesterday
There is a chance that we can make it so far
We start believing now that we can be who we are

GREECE IS THE WORD
is the word
is the word
is the word
-------------

Edited by TechMan, 24 May 2011 - 09:41 PM.

[IYB]

I strongly suspect that after this relief rally runs it's course over coming hours that there could very well be "hell to pay" - and that the rest of the week "could" get bloody. We'll see.

From my perspective it's just the IT trend accelerating.....

[orange]

Did Something Just Come Out?

The Dollar happened....

Look in that white circle and see how it had been under siege and under attack all day today right along that 38.2% Fibonacci Retrace area. The night's still young....

Zzzzzz.

Maybe support on the indices broke is what happened?

New low in ES and we drop like a rock. I'm long though with a 1310ES basis. How can I pass up a long trade with profit results such as this ?

1 losing trade of -0.07%. Sure, the trend is down, but one of my systems says to go long.

Edited by orange, 24 May 2011 - 10:54 PM.

[dcengr]

Did Something Just Come Out?

The Dollar happened....

Look in that white circle and see how it had been under siege and under attack all day today right along that 38.2% Fibonacci Retrace area. The night's still young....

Zzzzzz.

Maybe support on the indices broke is what happened?

New low in ES and we drop like a rock. I'm long though with a 1310ES basis. How can I pass up a long trade with profit results such as this ?

1 losing trade of -0.07%. Sure, the trend is down, but one of my systems says to go long.

You forgot the listing of max draw down.. plus 16 data points isn't a lot. I suppose you can make any argument about any trade system.

I think you said this trade assumes a gap fill before 1300 is broke?

[orange]

You forgot the listing of max draw down.. plus 16 data points isn't a lot. I suppose you can make any argument about any trade system.

I think you said this trade assumes a gap fill before 1300 is broke?

Max draw down is 1.4k.

Most of my pattern trades are based on 15-25 matches. As long as they are over a long period and not in one year its never been a problem. Except when we rallied just after japan, I put out a post reversing a short call.

Edited by orange, 24 May 2011 - 11:03 PM.