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XAO Technical Analysis

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Re: XAO Analysis

He was just fooled by randomness.
Playing russian roulette is a dangerous game.

He had dodged a few bullets but it always catches up with you..
 
Re: XAO Analysis

The same luck that made him money took it away.
Oh well TH is right :D Maybe if he never sells one day he can still make a profit
 
Re: XAO Analysis

beamstas said:
He was just fooled by randomness.
Click to expand...

Speaking of the poor plebs that have to deal with randomness. Its now clear that my leaking of the high at 11:43 got the trading desk at the Vatican a bit flighty and they jumped the gun - by 10 min. But you get the idea.

My works done, highs in. games over, I'm out of here.

Good luck with your random bets. :p:
 
Re: XAO Analysis

Trembling Hand said:
Speaking of the poor plebs that have to deal with randomness. Its now clear that my leaking of the high at 11:43 got the trading desk at the Vatican a bit flighty and they jumped the gun - by 10 min. But you get the idea.

My works done, highs in. games over, I'm out of here.

Good luck with your random bets. :p:
Click to expand...

Asia had rolled over while SPI was making those highs (prob shaking out those weak hands), good short there :)

Wait till the bank buying ends. Then we will see a real pullback
 
Re: XAO Analysis

beamstas said:
The same luck that made him money took it away.
Oh well TH is right :D Maybe if he never sells one day he can still make a profit
Click to expand...

Speaking of which, if you short every company under the sun, and the lenders are nice enough to never margin call you; Eventually that company is going to go bust. Maybe in 5 years, maybe in 200. Just hold and average ;) Have seen plenty of shares go to 0 but not any that have gone to infinity!
 
Re: XAO Analysis

skyQuake said:
Speaking of which, if you short every company under the sun, and the lenders are nice enough to never margin call you; Eventually that company is going to go bust. Maybe in 5 years, maybe in 200. Just hold and average ;) Have seen plenty of shares go to 0 but not any that have gone to infinity!
Click to expand...

Yes but a stock can only lose 100% on todays price , but gain 100% plus if going long
 
Re: XAO Analysis

Hey kids,

Lol I am still fine. I've been trading around it. Obviously smashed in the head overall. I've been too lazy to update on the blogs. I've had a few more important things to deal with outside of trading. In any case, I'm down a fair bit as you have guessed. It is now time to see how this 1000 level plays out. I am guessing this market can go as high as 4370, anything post that and I am in a fair bit of trouble. I am guessing if overnight the US doesn't rally of manipulated consumer confidence data, I should be ok. 1000-1010 is definitely some heavy resistance. I was actually surprised for the first time during the last 3 weeks at the lack of selling last night at the 1000 level.

On a different topic, if you do want me to post here at all, I'd appreciated if my way of trading is not questioned. Firstly, I trade the way I trade because I am not afraid to lose all my money. If I am short, every day the market moves against me when the underlying situation has not changed, I only have more reason to be in that trade. Secondly, this is not a topic under Trading Strategies, in which case it would be on topic, but more so in the topic of discussing the market. I understand it would be a very happy moment for some of you to see my ideology to fail me (which is fine, I can understand that, people don't like having anything radially different, or something that they can view as stupid), but it is definitely off topic here. :) Lastly, the way I trade is based on my psychology. I guess I will blow up a few times in my life, and hopefully not end up with suicide as Livermore did, but at the end of the day, it is the way I want to play this game :)

Have fun,

Ivan
 
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