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Rather than thinking about charging others it might be worth your while to get a membership of Frank D's blog.
SPI200 Chat - What will happen next?? *suspense music*
- Thread starter ivant
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Rather than thinking about charging others it might be worth your while to get a membership of Frank D's blog.
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Rather than thinking about charging others it might be worth your while to get a membership of Frank D's blog.
Don't know why he'd need a fiver?
Since he made 100k in april?
different time frames in question. Longer term, no doubt. If you look at a daily chart, seems like we can definitely keep up the upwards trending line that started in late March, until eventually in July we hit 4400, which to me seems an unbreakable level of resistance at the moment. Who knows?
We have went so far without a correction it is crazy. Nevertheless, technically a rise is possible. I still would think that a 100-200 point correction from these levels is very likely, without breaking the upward trend.
You have so many indicators i can't even see the price
I have another page of indicators i use lol! two sets of templates..
Trembling Hand
Can be found on the bid
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Must be time for some demotivators from my friends at despair.com
Oh without doubt! as i said just 10 seconds ago, it seems very likely the market can edge to 4400 by mid-July. "You are like a great system, works perfectly when the market allows it to work perfectly, but when market conditions change all great systems experience drawdowns or go into the dust bin" That is a great line!! I have actually said it on occasions myself, maybe in not such pretty words
I am not so sure the market has changed so much since October 2007. If this rally extends further, then it will be one of the biggest rallies in history, % wise. I think 30% + rallies happened 4 or 5 times since the depression. *shrugs* time will tell!
Rather than thinking about charging others it might be worth your while to get a membership of Frank D's blog.
I didn't know Frank D had a paid blog, but I will definitely be checking it out. You have to also remember, that I have not charged anyone at this rate, just started posting in my blog a lot more, and simply considered it.
It is more so that I post in a disciplined matter. I am not so sure I can be disciplined enough to post everyday, and if I have members then I have a reason to post. If i find after a few months that i cant post on a daily basis, or more, then I obviously wouldn't have a member's section...
Ivan,
Your trading the secondary trends of the market, but forgetting the
primary trends and reversal of those trends.
Back into 2003 the reversal towards the midpoint occurred in
3-months.
If it follows the same pattern , which no doubt it will, the same thing
can happen (4400). The only thing unknown is the speed of which it
gets there.
If it hits 4400 quicker than expected in this Quarter or early 3rd
Quarter, then 4400 is a brick wall.
I hope it doesn’t hit 4400 soon, as I prefer the market to follow my
model precisely and move in Monthly timeframe wave patterns, as it
allows more rotation and potentially more opportunities to make money
Therefore 4042 is seen as random resistance in June (sycom 4088)
Imo, it’s not the biggest rally in history, it’s simply reversing the
previous down move in 2008 & early 2009.
I like to think more like that it was the biggest correction in history, and this is simply reversing some
of that down move.
Attachments
Perhaps a little poetry to paraphrase that Frank
The monthly high in July will catch my eye,
If its a pie in the sky, this rise is no lie,
If your short, you'll be caught, he thought.
But if its lower than June it could be a boon,
Cause your tight shorts will loosen,
And the result much less gruesome.
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The monthly high in July will catch my eye,
If its a pie in the sky, this rise is no lie,
If your short, you'll be caught, he thought.
But if its lower than June it could be a boon,
Cause your tight shorts will loosen,
And the result much less gruesome.
The world of cartman
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Perhaps a little poetry to paraphrase that Frank
The monthly high in July will catch my eye,
If its a pie in the sky, this rise is no lie,
If your short, you'll be caught, he thought.
But if its lower than June it could be a boon,
Cause your tight shorts will loosen,
And the result much less gruesome.
Brought a tear to my eye.
If that was the profit taking that occurred in the last few weeks, then this rally sure has some balls. Not a lot of weak holders here.
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ok hands up those currently holding short positions ?
hands up those currently holding long positions ?
dont want no "yeah m8 i entered yesterday" claims.just intrested on who doing what basically
i hold no shorts , have not entered any longs today , merely continuing to ride a few individual stock longs which were posted around these threads on entrys
just intrested ,not trying to hand out badges or stickers to anyone
hands up those currently holding long positions ?
dont want no "yeah m8 i entered yesterday" claims.just intrested on who doing what basically
i hold no shorts , have not entered any longs today , merely continuing to ride a few individual stock longs which were posted around these threads on entrys
just intrested ,not trying to hand out badges or stickers to anyone
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I went long at 3500, 50 contracts
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Maybe its time i went long then
that was the 1/6/09
stop teasing me
was just about to form a cheer squad for you
me too --- but i was cutting up onions at the time ---- i have more poetry for anyone interested ---- any topic --- any whatever !! --- no charge (Plus GST !!)
i'm with u Nun ---- i'm holding neither ----
but my hands are up ---- i wish these bludy police would stop knocking at my door !! ---- ive done nothing wrong -----
(what is the definition of tax evasion by the way ??!!
) ps a short term long would be interesting at a retrace to 3950 (24 hr trade) --- a short ONLY after that retrace would be interesting at a failure of the previous high (currently around 4030) ---
my opinion is that the momentum has not been eaten up yet and until a serious retrace has been instigated, NO short trades ---- i am becoming a more disciplined trader of late
lol --- interesting mini rally on the DX as i type --- looks suspiciously like the start of a bottoming formation
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Nun, I currently have a small long position. Have nearly pulled it several times over the last couple months, but I'm just not fully convinced of the short side either......yet. (The long is very specialised and targeted at a certain area I felt would recover quickly, so sort of a micro strategy on the long position).
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i hold longs mate , have done for some time , all in profit with the exception of ADY which i am square on .....but that isnt index trades as this thread suggests so will keep them to myself
LOL re cops .the trick is to get yaself a decoy
blame everything on them
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that was the 1/6/09
stop teasing me
was just about to form a cheer squad for you
I was joking about the 50 contracts
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Nun I have been long for a while now. Its posted somewhere near the beginning of this thread when I went long. Sat out of the market 3 weeks ago, then went full risk allocation long last friday (I posted that somewhere here as-well in this thread, so no hindsight stuff).
I dont find much point placing shorts for minor retracements when obviously our market is wanting to move higher.
I dont find much point placing shorts for minor retracements when obviously our market is wanting to move higher.
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yeah seen your calls in chat and around here .same with MRC,s and cartmans .......hindsight never crossed my mind
yep i have been shorting for more and more smaller moves of late and frankly the extra work and quick stopouts /quick skims hasnt really been worth the extra screen time and work ( i have made a buck and i do realise this is a strategy and succesful one for many here ).... im a lazier type trader
so currently its only ivant and beamsta dreaming
that they have actual financial exposure to a direction of the main indicies at present ?TH doesent need to answer as he prolly been short and long 58 times in the time spent typing this
Believe me, I understand the primary trend very well. And in fact, my view, or "belief" (as van Tharp likes to say) about the world economy is that we will retest the lows. Aside from one bear market, since the great depression (inclusive) we have had all of them die in October early November. This economy is still shedding jobs at a rapid pace, and one month of positive numbers (or less than shocking numbers) does not signal a come-back. Housing will slide due to increasing foreclosures (rising unemployment), and this is not going to away. Today's GDP number sounds great, but how much of that component was due to Government spending and the trillions of dollars we will have to repay? The green shoots aren't there. The stock market is factoring in a recovery within a few months around the world. I'm sorry, I don't see it. So ultimately we will retest the lows, I have my money on that. So if you do separate the primary and secondary trends as you say you do, the primary is the ultimate collapse, the secondary is a potential move to 4400, and the one I am trading is a pullback to 3720, or maybe 3850 if this goes poorly.
Perhaps a little poetry to paraphrase that Frank
The monthly high in July will catch my eye,
If its a pie in the sky, this rise is no lie,
If your short, you'll be caught, he thought.
But if its lower than June it could be a boon,
Cause your tight shorts will loosen,
And the result much less gruesome.
Nice
Im short mildly. 65 mini contracts, average 3918.5 (added another 15 today at 4000).
Oh and lastly, my trade comes together on one event. I am bullish the USD as it has come down rapidly and is now around a crucial Fib level on several charts (against Euro, AUD and the canadian dollar amongst the most important ones). In addition, I am short crude again. Check out the Morgan Stanley commodities index ($CRX). If the S&P drops below 930, we are back in the trend. That means next stop is 880.
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