think i'll wait till after 3pm numbers....don't like to be short with $/Yen looking to break out ...
cheers
free4440273
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don't take this seriously
alert: fed raises rates to finally 'kill' inflation (and bubbles): market goes up 1000 points. ecb chairman says: "two can play that game" and raises rates one percentage point: dax heads for 8300 - and rising.
do take this seriously:
(still short on the september contract)
alert: fed raises rates to finally 'kill' inflation (and bubbles): market goes up 1000 points. ecb chairman says: "two can play that game" and raises rates one percentage point: dax heads for 8300 - and rising.
do take this seriously:
(still short on the september contract)
mark twain uk
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still short both dow and spx, will get out if the dow goes above 13,710 cash and spx above 1541 cash, I took quite a hammering on the dax and have to cut my losses
mark twain uk
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hobby
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The problem with this oft heard "the trend is your friend", is he's not that loyal...ie he can (will?) turn on a dime & when he does, he'll likely be your worst enemy.
Think about it...even a swift 10% correction only takes say the DAX down to 7,100...ie still above the 7k figure that folks were wondering just a few weeks ago if it'd breach!
There's no such thing in life as as a safe one way bet & sure as eggs is eggs, the mkt will severely punish those who carry on as if there is.
Think about it...even a swift 10% correction only takes say the DAX down to 7,100...ie still above the 7k figure that folks were wondering just a few weeks ago if it'd breach!
There's no such thing in life as as a safe one way bet & sure as eggs is eggs, the mkt will severely punish those who carry on as if there is.
free4440273
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...and sorry to sound like a broken record, but it will take a geopolitical event that does the damage. the market simply does not care about numbers (good/bad) anymore. worrying...
firewalker99
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That's why the "others on here" are losing money. Thinking that something "has to give" or the market "has to pullback" ...
Alphatrader
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Trade what you see and not what you think hey Firewalker?
firewalker99
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Exactly. It's about letting go of fixed ideas, letting go of the need to be right. Opening yourself to the endless opportunities that the market has to offer.
I can't say at as eloquently as Douglas himself:
"When you are at peace with not knowing what's going to happen next, you can interact with the market from a perspective where you will be making yourself available to let the market tell you, from its perspective, what is likely to happen next."
1.30 figures were very bullish! I guess the yanks can forget about an interest rate cut for a while.
Jobs up, spending up, inflation down! The bulls couldnt ask for a better set of figures...
All depends on 3.00pm now. Pending home sales, ISM manufacturing (with prices paid) and Michigan confidence all at the same time!
Im currently out of the market - but hoping for a crap set of numbers to go short on the back of.
Good luck everyone!
Jobs up, spending up, inflation down! The bulls couldnt ask for a better set of figures...
All depends on 3.00pm now. Pending home sales, ISM manufacturing (with prices paid) and Michigan confidence all at the same time!
Im currently out of the market - but hoping for a crap set of numbers to go short on the back of.
Good luck everyone!
firewalker99
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For the trend to turn, it would have to reverse on a much bigger timeframe than just an intraday downmove... as long as the trend is up, why short it and try and pick the top when the odds are stacked against you?
free4440273
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...so there really is 'truth in numbers'
