CanOz
Home runs feel good, but base hits pay bills!
- Joined
- 11 July 2006
- Posts
- 11,543
- Reactions
- 519
ahh k, yeah agree too short etc...By uptrend you mean the previous uptrend in those stocks...?
Just offering an opinion before the event. The markets V.short here. Friday arvo counter move is the normal play.
Just offering an opinion before the event. The markets V.short here. Friday arvo counter move is the normal play.
What about the fact that we have a long weekend coupled with non-farm payroll tonight + plenty of Chinese data on Sunday.
Takes a brave soul to hold anything over the weekend.
But you might want to cover your shorts....hence the rally?
I think if we are ralling for any reason it'd be because TH called it
Dunno about all that but my shorts are on fire and I'm hoping for a soup handle to form over my candle so I can join the line for the non farm payroll.
lol @ Burnsy...
You think its hard to understand? You should try to articulate what i see going on with Gold/Crude/Dollar/Bonds right now!
CanOz
Suppose I should get into it but I don't see how anyone can predict the market with charts, though I guess certain themes repeat themselves...........I prefer to look up at the sky fondling worry breads and wait for a sign.
Worry beads?
Charts are just a way to organize the information that the market gives you....this allow you to use the information to form ideas about the probabilities of x or y happening. Also, they give you places where a trade is possible, where the odds of you winning or losing maybe easily decided.
The futures markets drive the equities markets, if there is a reasonable inventory balance to the short side going into this weekend, these people will want to unload their position before the end of business, creating an imbalance, resulting an price rising into the close. Perhaps even in a frantic manner to get the best price. So that is the trade idea, now we just have to wait to see if it play out.
CanOz
I sometimes play around with a demo account on Plus500 for trading indexes / forex. Opened it up whilst I have a quiet few hours. Long at 4,750, stop set at 4737. Bet it gets stopped out.Struth...long liquidation???
I sometimes play around with a demo account on Plus500 for trading indexes / forex. Opened it up whilst I have a quiet few hours. Long at 4,750, stop set at 4737. Bet it gets stopped out.
I sometimes play around with a demo account on Plus500 for trading indexes / forex. Opened it up whilst I have a quiet few hours. Long at 4,750, stop set at 4737. Bet it gets stopped out.
So far so good. Also long gold at 1412.91. Stop 1402.80. I usually only bring the fake money account out on a Friday night after a few beers for a giggle. But hey, long weekend and if I go outside I might get sunburnt.hmmm, you might be alright, some nice green candles on the NK and the SPI now...maybe its started...!
So far so good. Also long gold at 1412.91. Stop 1402.80. I usually only bring the fake money account out on a Friday night after a few beers for a giggle. But hey, long weekend and if I go outside I might get sunburnt.
I have a few times. It's even better when Helicopter Ben or someone else opens their mouth.You want to see the market go off tonight...have you ever sat up and watched Non Farm Payroll night?
Luckily its early here, like 8:30..
CanOz
Stop hit!
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