We are in a down trend, BEAR MARKET

This was expected the 50/200 x over is going to cause a sell how the markets are expected to perform have a look at the Nikkei which had broke the 50/200 x-over. On monday, you can expect a small bounce something like 0.7% rebound at start, which WILL FAIL, therefore the target short price should be close to 1070 which is where the bulls believe that they will be able to take over by moving the 1070 which to 1075 regions. Hopes will run high and it wont work. We are in the context of a TREND SELL. Now if you had notice every 5% bounce only leads to new lows, and within the downtrend tunnel. At this point, Nasdaq i.e NQ 100 would be a better short with at entry close to 1820. As the Apple is rotting away, it will drag the NQ down faster. The entry target is around 1820. The exit target is around 1700. which leaves US 120 points to profit The next target is around 1650 for NQ and around 980 for SP. We will either bounce from 980 or 950. I will post the closer range targets once we are there for a long entry. Pls note i usually call the broker as I do not trade the small ES or small NQ as the commission for doing one big ES is the same as one small ES. Apparently many here dont know about it. And you cant computer your buys or sell you big contract 15 mins before the market opens and you cant do online when the market trades. ON big trading days I cant post on time as i have to get to the brokers office to check quantity available for my orders to be transacted, yes dont often get large quantities out on sale and i may have to opt for the small es if the quantity i need is unavaliable, esp during Asian market hours. I am also not a retail account. You have a rough idea of my trade plan.

were you short Today Porsche, you werE a bit bulled up Yesterday waiting for 1120.... I sold by short ETF's around 2PM Today and took a small long position....... I am down a bit but I will sell it as soon as we get a minibounce. As you know I have a bearish stance and called this a couple of days ago but tried to get cute with a counter trend trade Today. I am now on a full bearish stance and will only trade the short side until my charts show me a positive divergence on the 60 Mins.....I will trade the bounces though which will be strong as we tank, but always with positive divergences IN PLACE..... Can Dollar, Aussie dollar and FXY:FXE are now on my daily confirmed sale signal. what else do I need...? Good luck to 'ya. GS.

were you short Today Porsche, you werE a bit bulled up Yesterday waiting for 1120....

I sold by short ETF's around 2PM Today and took a small long position....... I am down a bit but I will sell it as soon as we get a minibounce.

As you know I have a bearish stance and called this a couple of days ago but tried to get cute with a counter trend trade Today. I am now on a full bearish stance and will only trade the short side until my charts show me a positive divergence on the 60 Mins.....I will trade the bounces though which will be strong as we tank, but always with positive divergences IN PLACE.....

Can Dollar, Aussie dollar and FXY:FXE are now on my daily confirmed sale signal. what else do I need...?

Good luck to 'ya.

GS.

Full short, Had a sell signal EOD. So the 1120 plan was cancelled asap. Sell signal trigger at 1094. triple Failure to pass 1098 cash so entered at 1094. So posted it. It pays to act FAST in a bear market. I was hoping for 1120 it never came.. just do what the market says you dont lose money that way. I dont see why you want to play bounce now that the down trend has started.

The trick of bear markets is to keep to the LONG side as long as there are NO key reversal day. Once they start check if you get a sell signal by EOD once you get one GET OUT of long ASAP. Reverse you stance get a short entery point and fire. Let the market show you the top dont be impatient GS. Once its shown you know what to do.

Playing bear market are all along a different method. Even if you are long on a particular day near the day's low and the rally fails on that day you have to get rid of the longs and reverse to sell short once the key level is broke. You cannot keep to your targets. You must move the rythm of the BEAR. Bears move faster than bulls.

Few traders are nimble in a bear market so they dont survive.

That's what i did last tue bagging 50 points on a single day.

Do get rid of you long as soon as there is bounce, I am now having a trend sell. Meaning we can rallies there move around 1-2 % from here and they are all bear moves that lead to down legs.

were you short Today Porsche, you werE a bit bulled up Yesterday waiting for 1120....

I sold by short ETF's around 2PM Today and took a small long position....... I am down a bit but I will sell it as soon as we get a minibounce.

As you know I have a bearish stance and called this a couple of days ago but tried to get cute with a counter trend trade Today. I am now on a full bearish stance and will only trade the short side until my charts show me a positive divergence on the 60 Mins.....I will trade the bounces though which will be strong as we tank, but always with positive divergences IN PLACE.....

Can Dollar, Aussie dollar and FXY:FXE are now on my daily confirmed sale signal. what else do I need...?

Good luck to 'ya.

GS.

Full short, Had a sell signal EOD. So the 1120 plan was cancelled asap. Sell signal trigger at 1094. triple Failure to pass 1098 cash so entered at 1094. So posted it. It pays to act FAST in a bear market. I was hoping for 1120 it never came.. just do what the market says you dont lose money that way. I dont see why you want to play bounce now that the down trend has started.

The trick of bear markets is to keep to the LONG side as long as there are NO key reversal day. Once they start check if you get a sell signal by EOD once you get one GET OUT of long ASAP. Reverse you stance get a short entery point and fire. Let the market show you the top dont be impatient GS. Once its shown you know what to do.

Playing bear market are all along a different method. Even if you are long on a particular day near the day's low and the rally fails on that day you have to get rid of the longs and reverse to sell short once the key level is broke. You cannot keep to your targets. You must move the rythm of the BEAR. Bears move faster than bulls.

Few traders are nimble in a bear market so they dont survive.

That's what i did last tue bagging 50 points on a single day.

Do get rid of you long as soon as there is bounce, I am now having a trend sell. Meaning we can rallies there move around 1-2 % from here and they are all bear moves that lead to down legs.

I will sell asap.... Monday. Stupid me putting that trade on, knowing full well we are heading lower..... tough to be like Z..... he 's way too good on countertrend moves....luckily it was only a 10% position. So I am down 0.2% on my overall trade assets....a pimple that hurts a bit and makes me ugly!! .


GS.

Edited by goldswinger, 16 July 2010 - 10:56 PM.

were you short Today Porsche, you werE a bit bulled up Yesterday waiting for 1120....

I sold by short ETF's around 2PM Today and took a small long position....... I am down a bit but I will sell it as soon as we get a minibounce.

As you know I have a bearish stance and called this a couple of days ago but tried to get cute with a counter trend trade Today. I am now on a full bearish stance and will only trade the short side until my charts show me a positive divergence on the 60 Mins.....I will trade the bounces though which will be strong as we tank, but always with positive divergences IN PLACE.....

Can Dollar, Aussie dollar and FXY:FXE are now on my daily confirmed sale signal. what else do I need...?

Good luck to 'ya.

GS.

Full short, Had a sell signal EOD. So the 1120 plan was cancelled asap. Sell signal trigger at 1094. triple Failure to pass 1098 cash so entered at 1094. So posted it. It pays to act FAST in a bear market. I was hoping for 1120 it never came.. just do what the market says you dont lose money that way. I dont see why you want to play bounce now that the down trend has started.

The trick of bear markets is to keep to the LONG side as long as there are NO key reversal day. Once they start check if you get a sell signal by EOD once you get one GET OUT of long ASAP. Reverse you stance get a short entery point and fire. Let the market show you the top dont be impatient GS. Once its shown you know what to do.

Playing bear market are all along a different method. Even if you are long on a particular day near the day's low and the rally fails on that day you have to get rid of the longs and reverse to sell short once the key level is broke. You cannot keep to your targets. You must move the rythm of the BEAR. Bears move faster than bulls.

Few traders are nimble in a bear market so they dont survive.

That's what i did last tue bagging 50 points on a single day.

Do get rid of you long as soon as there is bounce, I am now having a trend sell. Meaning we can rallies there move around 1-2 % from here and they are all bear moves that lead to down legs.

I will sell asap.... Monday. Stupid me putting that trade on, knowing full well we are heading lower..... tough to be like Z..... he 's way too good on countertrend moves....luckily it was only a 10% position. So I am down 0.2% on my overall trade assets....a pimple that hurts a bit and makes me ugly!! .


GS.

I am not in support of day trading... you can see no poster here has been posting big single trades that's ALL i care show me the money. the week where the flash crash took place i made 120 points that week keeping to the short side. I always close my shorts on friday as there usually will be some bounce on monday after this type of sell down, Just that they than to break down fast. I suspect you might get that 1% rally in the first few mins. No i wont participate in the rally now that the trend is down.

Gs, I than to notice you know where the market is heading many times. You're a good forecaster(one of the very best here), i think much better than me, but in downtrend one cannot play the bounce, i remember you did play the bounce at the start of the down trend in may as well.. when do you want to play the bounce something been wanting to ask you all along.

I got out at 1074 but i am willing to sell below the price i exited, cause the trend is down.

were you short Today Porsche, you werE a bit bulled up Yesterday waiting for 1120....

I sold by short ETF's around 2PM Today and took a small long position....... I am down a bit but I will sell it as soon as we get a minibounce.

As you know I have a bearish stance and called this a couple of days ago but tried to get cute with a counter trend trade Today. I am now on a full bearish stance and will only trade the short side until my charts show me a positive divergence on the 60 Mins.....I will trade the bounces though which will be strong as we tank, but always with positive divergences IN PLACE.....

Can Dollar, Aussie dollar and FXY:FXE are now on my daily confirmed sale signal. what else do I need...?

Good luck to 'ya.

GS.

Full short, Had a sell signal EOD. So the 1120 plan was cancelled asap. Sell signal trigger at 1094. triple Failure to pass 1098 cash so entered at 1094. So posted it. It pays to act FAST in a bear market. I was hoping for 1120 it never came.. just do what the market says you dont lose money that way. I dont see why you want to play bounce now that the down trend has started.

The trick of bear markets is to keep to the LONG side as long as there are NO key reversal day. Once they start check if you get a sell signal by EOD once you get one GET OUT of long ASAP. Reverse you stance get a short entery point and fire. Let the market show you the top dont be impatient GS. Once its shown you know what to do.

Playing bear market are all along a different method. Even if you are long on a particular day near the day's low and the rally fails on that day you have to get rid of the longs and reverse to sell short once the key level is broke. You cannot keep to your targets. You must move the rythm of the BEAR. Bears move faster than bulls.

Few traders are nimble in a bear market so they dont survive.

That's what i did last tue bagging 50 points on a single day.

Do get rid of you long as soon as there is bounce, I am now having a trend sell. Meaning we can rallies there move around 1-2 % from here and they are all bear moves that lead to down legs.

I will sell asap.... Monday. Stupid me putting that trade on, knowing full well we are heading lower..... tough to be like Z..... he 's way too good on countertrend moves....luckily it was only a 10% position. So I am down 0.2% on my overall trade assets....a pimple that hurts a bit and makes me ugly!! .


GS.

I am not in support of day trading... you can see no poster here has been posting big single trades that's ALL i care show me the money. the week where the flash crash took place i made 120 points that week keeping to the short side. I always close my shorts on friday as there usually will be some bounce on monday after this type of sell down, Just that they than to break down fast. I suspect you might get that 1% rally in the first few mins. No i wont participate in the rally now that the trend is down.

Gs, I than to notice you know where the market is heading many times. You're a good forecaster(one of the very best here), i think much better than me, but in downtrend one cannot play the bounce, i remember you did play the bounce at the start of the down trend in may as well.. when do you want to play the bounce something been wanting to ask you all along.

I got out at 1074 but i am willing to sell below the price i exited, cause the trend is down.

My trading style is getting many singles of between 2 to 5% or more. I don't like draw downs when I have a good idea the market is going against me even when I am playing the trend....so I'd rather get the singles, but keep in mind that on a given trend I might do 2 or 3 or sometimes 4 trades. I have re-entry points in my system..............Case in point this week, I had two short trades on HOD, one long on HGU with a compunded return of 12% minus that 0.2% pimple....and a bad short SPX that I switched to HOD with a 3% loss. all in all net 8.8% for the week.

I want to average 15% /week consistently ... there will be better weeks and worst weeks

GS.

Edited by goldswinger, 16 July 2010 - 11:43 PM.

were you short Today Porsche, you werE a bit bulled up Yesterday waiting for 1120....

I sold by short ETF's around 2PM Today and took a small long position....... I am down a bit but I will sell it as soon as we get a minibounce.

As you know I have a bearish stance and called this a couple of days ago but tried to get cute with a counter trend trade Today. I am now on a full bearish stance and will only trade the short side until my charts show me a positive divergence on the 60 Mins.....I will trade the bounces though which will be strong as we tank, but always with positive divergences IN PLACE.....

Can Dollar, Aussie dollar and FXY:FXE are now on my daily confirmed sale signal. what else do I need...?

Good luck to 'ya.

GS.

Full short, Had a sell signal EOD. So the 1120 plan was cancelled asap. Sell signal trigger at 1094. triple Failure to pass 1098 cash so entered at 1094. So posted it. It pays to act FAST in a bear market. I was hoping for 1120 it never came.. just do what the market says you dont lose money that way. I dont see why you want to play bounce now that the down trend has started.

The trick of bear markets is to keep to the LONG side as long as there are NO key reversal day. Once they start check if you get a sell signal by EOD once you get one GET OUT of long ASAP. Reverse you stance get a short entery point and fire. Let the market show you the top dont be impatient GS. Once its shown you know what to do.

Playing bear market are all along a different method. Even if you are long on a particular day near the day's low and the rally fails on that day you have to get rid of the longs and reverse to sell short once the key level is broke. You cannot keep to your targets. You must move the rythm of the BEAR. Bears move faster than bulls.

Few traders are nimble in a bear market so they dont survive.

That's what i did last tue bagging 50 points on a single day.

Do get rid of you long as soon as there is bounce, I am now having a trend sell. Meaning we can rallies there move around 1-2 % from here and they are all bear moves that lead to down legs.

I will sell asap.... Monday. Stupid me putting that trade on, knowing full well we are heading lower..... tough to be like Z..... he 's way too good on countertrend moves....luckily it was only a 10% position. So I am down 0.2% on my overall trade assets....a pimple that hurts a bit and makes me ugly!! .


GS.

I am not in support of day trading... you can see no poster here has been posting big single trades that's ALL i care show me the money. the week where the flash crash took place i made 120 points that week keeping to the short side. I always close my shorts on friday as there usually will be some bounce on monday after this type of sell down, Just that they than to break down fast. I suspect you might get that 1% rally in the first few mins. No i wont participate in the rally now that the trend is down.

Gs, I than to notice you know where the market is heading many times. You're a good forecaster(one of the very best here), i think much better than me, but in downtrend one cannot play the bounce, i remember you did play the bounce at the start of the down trend in may as well.. when do you want to play the bounce something been wanting to ask you all along.

I got out at 1074 but i am willing to sell below the price i exited, cause the trend is down.

My trading style is getting many singles of between 2 to 5% or more. I don't like draw downs when I have a good idea the market is going against me even when I am playing the trend....so I'd rather get the singles, but keep in mind that on a given trend I might do 2 or 3 or sometimes 4 trades. I have re-entry points in my system..............Case in point this week, I had two short trades on HOD, one long on HGU with a compunded return of 12% minus that 0.2% pimple....and a bad short SPX that I switched to HOD with a 3% loss. all in all net 8.8% for the week.

I want to average 15% /week consistently ... there will be better weeks and worst weeks

GS.

We all have different gains but some weeks i stay flat. Its once i spot the trend that i gain big, during the crash in May.

I cant average consistent weeks but this two weeks was good did 50% gain per week.

This year the gains were spectualar i moved up to 100% gains per month. unless i get hit by a big lost I ve already netted 700%

porsche, with all due respect to your commitment and enthusiasm, i believe it would be helpful for your minimum aim (which i guess is being respected for your trading/showing good trades), if you tried to balance counting potential profits (nothing wrong with defining px targets imo) with highlighting potential risks (ie where do i start thinking i might be wrong and where am i actually wrong) a bit better i am sure your posts will find a very wide audience. i know there is noise in the mkt and ranges are very wide and your signature suggests that you are familiar with silly games that are played over and over again but you have to be able to define where the "fun" stops for you. i too think this is a v nasty bear mkt but if i posted trades without defining the risk i guess one post for trade entry and monthly updates thereafter would be sufficient.

porsche,
with all due respect to your commitment and enthusiasm, i believe it would be helpful for your minimum aim (which i guess is being respected for your trading/showing good trades),
if you tried to balance counting potential profits (nothing wrong with defining px targets imo) with highlighting potential risks (ie where do i start thinking i might be wrong and where am i actually wrong)
a bit better i am sure your posts will find a very wide audience.

i know there is noise in the mkt and ranges are very wide and your signature suggests that you are familiar with silly games that are played over and over again but you have to be able to define where the "fun" stops for you. i too think this is a v nasty bear mkt but if i posted trades without defining the risk i guess one post for trade entry and monthly updates thereafter would be sufficient.

I think the risk is low if the entry is around the prices i had set. At least a 20 point stop for nasdaq is necessary. If you think the risk is too high if would best avoid the trade. Because i had already entered from friday an risk carrying forward is minimal to me with 20 points taken up already on es.