CJIA
Just out of interest, at what price level would the dow have to trade (close) to negate the bearish signal?
To cancel out the bearish signal today i would like to see the market come down to around 1465-70,if it bounces around here then i will be looking for the market to move upwards.
Does that make sense?
lurkerlurker
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Pretty risky, good luck on that. Perhaps you may need to be prepared to revise your target down to 500 if there is insufficient momentum.
firewalker99
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long 13485 fut
lurkerlurker
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Still holding that? Where is your stoploss?
lurkerlurker
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I think that is even riskier than CJIA's long. What was your entry, target, and stoploss.
Bearish signal cancelled out happy to be long now.
firewalker99
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even riskier? it's pretty close to the lowest price traded today...
but anyway I agree it's probably not the best of my entries
stop at 15 points
target 30 pts
free4440273
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...too early for me 
lurkerlurker
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76 futures looked like an MM shakeout / stop hunting, so perhaps we will go higher from here. I still think those longs from ~85 were quite brave - anyone care to share their signals for that?
lurkerlurker
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True, and we could be forming a double bottom. I was just a little surprised that people didn't wait for a test of the low first before taking longs in a market which hasn't made a higher high all day. Also, I would have thought people would have held out for a sub-80 entry. Good luck on the trade anyway.
lurkerlurker
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Long 75 (YMM7)
If it's going to bounce, now is the time. That was a pretty big shake-out!
firewalker99
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thanks, but I'm out -15
oh well, that losing day had to come around sooner or later
nice comments though... sounds like the ones I should be saying normally :|
lurkerlurker
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Out +1
lurkerlurker
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It appears I have been learning from one of the best in that case. Cheers mate.
As for the losing day - days like that are just part of the job. Not to worry. There will be more opportunities before EOD, and if none take your fancy there is always tomorrow.
I panicked an exit and got out with +1 because of what Tick was telling me about short term sentiment. I don't think longs are clever today. Trade with the trend. I'm quite embarrassed that my only trade today has been against the trend. Silly silly silly!
lurkerlurker
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Red ink on the T&S. Plenty of size being traded. Not taking a long from anywhere near here, yet I wouldn't feel confident shorting a low of day so late. Perhaps on a pullback, but I don't know. I like seeing a bit of volatility back in the Dow now. Perhaps this is the correction the bears have been looking for. If 50 breaks, I'm a grizzly bear.
