champagne tastes.....lemonade pockets.....:cheesy:
champagne tastes.....lemonade pockets.....:cheesy:
Kevin21
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i'm mean ffs, i've got enough to put down as a deposit to secure finance for 70k to get a secong hand ferrari 360, but at the moment it would be finacial suicide to do it. To run a car like that you need a spare 100k knocking about for cash flow. Plus 12k for insurance, 1300 quid for a set of tyres that last 3kmiles, 5k for a new clutch that lasts about 4kmiles, 150quid a week in petrol, if the gear box goes (which it will do at some point) then thats 20k 
but i can get credit for all of this, so i must be able to afford it, otherwise they wouldn't let me have it
Safe to say i'll be sticking with the focus for a wee bit longer....
but i can get credit for all of this, so i must be able to afford it, otherwise they wouldn't let me have it Safe to say i'll be sticking with the focus for a wee bit longer....
firewalker99
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long 13390 fut
firewalker99
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target 13490... this could take a while
lurkerlurker
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A good week. (and I sure needed one)
Yeah, even the crappy-by-comparison CBOT Live Book shows that well enough. If I had been at the screens... The most lots I've seen at a price level before was 400. That was pretty amazing! Bargain hunting institutions for sure. The bull market is far from over, and they will be laughing when we hit 14,000 again.
I'm flat, net +24 for today (if anyone is interested), and looking to refine Price / MA crossovers with MACD support and fw's system over the weekend.
Not wanting to blow my own trumpet, but that is 5 profitable days in a row and a drastic improvement in my discipline. How I trade is more important than the pips, but I am sure this will please some folk here!
Good trading into EOW guys. Personally I am happy to stay flat - I have no idea who wants to cover what positions and in what size going into EOD/EOW, and the charts can't really tell me that, so I'm staying out. I am getting better at reading the Live Book, but I recognise my limitations.
Yeah, even the crappy-by-comparison CBOT Live Book shows that well enough. If I had been at the screens... The most lots I've seen at a price level before was 400. That was pretty amazing! Bargain hunting institutions for sure. The bull market is far from over, and they will be laughing when we hit 14,000 again.
I'm flat, net +24 for today (if anyone is interested), and looking to refine Price / MA crossovers with MACD support and fw's system over the weekend.
Not wanting to blow my own trumpet, but that is 5 profitable days in a row and a drastic improvement in my discipline. How I trade is more important than the pips, but I am sure this will please some folk here!
Good trading into EOW guys. Personally I am happy to stay flat - I have no idea who wants to cover what positions and in what size going into EOD/EOW, and the charts can't really tell me that, so I'm staying out. I am getting better at reading the Live Book, but I recognise my limitations.
lurkerlurker
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The hourlies are about to flash a long signal, but since there are only 2 hours remaining today, I am not going to take it. Also, there seems to be some large offers at 1348X.
bottomleyp
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I felt it, went long Sept 13476 at 20:20, it looked like it was going to break-even.
There's always next week, a bounce is inevitable
There's always next week, a bounce is inevitable
Atilla
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Why do you say it's not good news?
I mean I really don't mind up or down and fwiw I think this correction is way long over due...
Phil Mibbutz
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Agreed. There seemed to be no reason why the Dow kept going up over the last couple of months.
I should have added "for the bulls".......
I think if we are down big pre-market Monday I may venture a long....looking around 1445 on SPX....
think liquidity.....During the rally $/Yen went from 115 to 125...easy money.....since this sell off started the $/Yen has gone from 124 to 118....all you need to know really..
Atilla
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think liquidity.....During the rally $/Yen went from 115 to 125...easy money.....since this sell off started the $/Yen has gone from 124 to 118....all you need to know really..
I always wonder about that. I mean the $600 bn dollars spent on the war and all the extra dollars in the oil producing countries coffers has got to be spent somewhere.
Where else can they place or spend their money to justify returns?
Sooner or later it ends up in the money markets one way or another...
Now that 13000 is breached I'm not sure we going to get that bounce. This is going down for the next 3 to 4 weeks imo.
I always wonder about that. I mean the $600 bn dollars spent on the war and all the extra dollars in the oil producing countries coffers has got to be spent somewhere.
Where else can they place or spend their money to justify returns?
Sooner or later it ends up in the money markets one way or another...
Now that 13000 is breached I'm not sure we going to get that bounce. This is going down for the next 3 to 4 weeks imo.
Hi m8....
That's probably why China,Russia et al have created Sovereign Wealth Funds....they're basically pissed off with taking $$$ only to have to reinvest them in US on a depreciating asset when converted back to their own currency....why invest in US stocks when it's much easier to go out and buy the companies instead....
http://www.economist.co.uk/opinion/displaystory.cfm?story_id=9546411
http://www.financialsense.com/Market/allison/2007/0723.html
Oil another case in point....Kuwait,UAE,Iran refuse $$$ and want payment in Euros for their oil....more will follow...
cheers
lurkerlurker
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Didn't Iraq try to sell the oil for Euros instead of dollars sometime in 2000? ...and look what happened to them!
Oh, here we are.
Glad you've all made some pips. I lost quite a few trying to go long yesterday, but I quickly learned my lesson. I made 1 losing trade today which was short from 13350 which I covered at -9 (stop was far too close), and I missed out on the +50 target.
Better trading next week I hope.
Oh, here we are.
Glad you've all made some pips. I lost quite a few trying to go long yesterday, but I quickly learned my lesson. I made 1 losing trade today which was short from 13350 which I covered at -9 (stop was far too close), and I missed out on the +50 target.
Better trading next week I hope.
lurkerlurker
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Well, congratulations on your bearish sentiment - you were right in the end. I just hope you managed to cover the P&L from your previous shorts back when the market was irrational.
I find myself thinking of my first thread here, and reflecting on how far things have come since.
firewalker99
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just got back...
surprised at that near-close selloff, indeed steve doesn't signal much good to come Monday morning hmm
nevertheless, we hit 13493 after I went long so the above target nicely hit
I left my trade open with stop & target in place
so that makes +100 on a single trade today
a very effortless day I might say
firewalker99
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Congratulations and well done.
However the most difficult part in keeping discipline will be when you have 5 losing days in a row instead of 5 profitable ones...
Good weekend lurker (and everybody else)!
