Dow 2007

I'm confused... great roadmap but ....

firewalker99 said:
looks like I was away today at exactly the wrong time 🙄
but how prophetic do those words from two days ago look now 😈 (post #7651)
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FW it that was part of your thinking (as it was mine I might add) what went wrong ?
You were even buying before you went out...🙄 and said it looks pretty weak ....

Just curious about the conflict....
 
Hook Shot said:
FW it that was part of your thinking (as it was mine I might add) what went wrong ?
You were even buying before you went out...🙄 and said it looks pretty weak ....

Just curious about the conflict....
Click to expand...

yes... a stop & reverse was the strategy but I didn't dare take the risk without even looking at the screen...
 
Hook Shot said:
Glad you got out of jail Atilla
Since you appear to be unclear about future direction at the moment and no positions .... treat yourself to some time away from the casino.... it would be good 4 u - imho
I'm being serious ... 🙂
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Yes wise words indeed HS. Must confess emotions have been high. Right roller coaster.

Just enjoying a cup of tea and catching up with news on the web...

Do appreciate the advise.
🙂
 
firewalker99 said:
yes... a stop & reverse was the strategy but I didn't dare take the risk without even looking at the screen...
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Gotcha FW..

For those interested in the Nymex scenario

We have a beautiful pennant at the lows (best seen on 5 or 15min chart if using link below) this probably means a big move is likely - ..... since my bias is to the upside I'll be looking for price action to confirm a break to the upside overnight or tomorrow.... I'm sniffing for an entry from here on in ...I missed the pbk to 9250 zone

Despite my bias I'll short.... but I would prefer to get a rally to 9450+ zone which gets rejected - i.e it's too low for me to short and feel comfy .... other styles may be okay with it. My short tgt would be today's 9200 and any lower would be a bonus...

On dow - it's anyone's guess 😆 There are others far more skilled at that game than me.... as you can see from earlier postings today.
 
Hook Shot said:
I'd forgotten .... in all the excitement to quote FW. :cheesy:

Oil has made a new all time high on fridays, 7 weeks in a row
- should be interesting with 200+ pts to go .... To be fair it's not a great set up (on longside) now since we are well above the 9200 lows and also 9300 higher low but ...lets see any way

LL - you mentioned oil last week or was it this week can't remember - and it has been a classic bull market ..... buy the dips.. and fast too .... runs rings around the dow .... even on days like today... I think I can guess your response ...perhaps 🙂
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I tried to get long oil with CMC at 14:27 before the inventories came out, but no dice. They were making a price manually for every client, and after a few minutes I was advised that my order had timed out. Very unfortunate indeed. At £3pp, that would have almost covered my losses this month. I couldn't get through on the telephone, so I sat staring at the pending fill, hoping they were busy and would look at the order in due course, check the time, check the price, and fill it, but no dice.
 

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Hook Shot said:
Glad you got out of jail Atilla
Since you appear to be unclear about future direction at the moment and no positions .... treat yourself to some time away from the casino.... it would be good 4 u - imho
I'm being serious ... 🙂
Click to expand...

I'm taking some time away from the casino also. It looks like I took the wrong week to do it, being a perma bear and all. Damn, something tells me I'd have covered my monthly loss today! Oh well, I don't trade this market any more....

It will be here when I come back to it with an edge...
 
lurkerlurker said:
I'm taking some time away from the casino also. It looks like I took the wrong week to do it, being a perma bear and all. Damn, something tells me I'd have covered my monthly loss today! Oh well, I don't trade this market any more....

It will be here when I come back to it with an edge...
Click to expand...

Enjoy the break - as you know there will always be opps to make money in fin markets...somewhere. Markets will be here when you come back. 😀
 
Shame but c'est la vie

lurkerlurker said:
I tried to get long oil with CMC at 14:27 before the inventories came out, but no dice. They were making a price manually for every client, and after a few minutes I was advised that my order had timed out. Very unfortunate indeed. At £3pp, that would have almost covered my losses this month. I couldn't get through on the telephone, so I sat staring at the pending fill, hoping they were busy and would look at the order in due course, check the time, check the price, and fill it, but no dice.
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I know you are a news trader .... but I would be uncomfy playing news unless I was pretty confident the market would go my way...

I prefer to get in ahead of the news especially if price is "stretched" beforehand - just ike tuesday night... price got trashed and I played the run up to the Fomc decision - without the news risk.

Tonight price gets trashed again and non farms tomorrow ... should be another opportunity.... but how big is unknown.

Figs should be bad but there might be a bit of buying ahead of the numbers just in case they are not bad yet ... market should get a little dead cat move anyway as some shorts cover - I love markets getting trashed into the bell with news pending the following day 😀

I dont like holding on the announcement unless the market is offering me a fair degree of safety - if the market is high and I expect bad news I'll might hold it throught the announcement especialy if I have broken even cos risk reward is in my favour - whatever the outcome.

Over and out...
 
Hook Shot said:
Steve.......called a move on Citigroup to $39 a few weaks ago ( when it was approx $45)

Well done mate - I thought it was a tad too bearish at the time but hey ....
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HS,
next stop for Citigroup should be $34....sounds impossible and will take a while but eventual target around $22.......

watch these babies as well tomorrow...about to break down..Las Vegas Sands (LVS) and Wynn Resorts(WYN)..both casino operators who've been bid up on China expansions...be lucky m8..

Apologise for wrong thread...
 

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"looking for more of the same tomorrow we are only 265 points away from where the market needs to be (302) for the Monday 228 buy, so plenty of room for a false rally from the premarket lows in first couple of hours trading session"
 
dc2000 said:
Hi Hook
DC is in the states at the moment , I posted the above for him, he says to say HI and will be back before Christmas
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hi some quick questions for you if I may
been a while since I noticed a post of dc2000, in any case wb 🙂

(1) who is the "I" in "I posted the above for him?"
(2) are those quotes cash or futures?
(3) why the 598 closing price? not a bad call, it's around the projected daily range level from hi-lo

greets,
fw
 
Im his sister
price is cash market
close based on ratio of where the move ends with no significant bounce before close
 
EEEEEEZZZZeeeee

kenobi said:
not a bad call 🙄 🙄 🙄

wonder how many times you make those calls 🙄
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I think FW was just using a bit of understatement ...don't think he meant any harm........ I think everyone realises it was a "MONSTER" call .....

Both guys are very successful but use different styles/timeframes... I suspect

Edit: what is this the Mancunians for FW club ??? 😆

Edit 2 : Now the grown ups are coming back ... I'll have to take my place on the subs bench....again
I think I know how Alan Smith (Man Utd) feels... 😆 😆
 
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Come on ... there's no need for that

rathcoole_exile said:
sorry, "Man who,what" ?
😈
Click to expand...
Wot ?

Theatre of Dreams [at least for Utd 🙂lol: )].....Treble winners, dominated English football for the last 10 yrs or so ..... Current English Champions.... Bobby Charlton.......George Best........The Great Dane...Eric Cantona..
Ryan Giggs........David Beckham (Pre 2000),

Had a Mega Fanbase ........for decades........Emerging Global Brand..
Thez only one Ya-Nited

-----------------------------------------------------------------------------------------------------
Any way oil now settled into 9420ish - 9320ish range ......waiting for direction.
Slight bearish indications implying a move to 9200 But for now it's not really that clear so scalping until something happens... Looks like that 9450ish Zone (mentioned previously) might be key going forward...

Dow .............oops I'll leave that one to the elite players 😆
 
Hook Shot said:
Wot ?

Theatre of Dreams [at least for Utd 🙂lol: )].....Treble winners, dominated English football for the last 10 yrs or so ..... Current English Champions.... Bobby Charlton.......George Best........The Great Dane...Eric Cantona..
Ryan Giggs........David Beckham (Pre 2000),

Had a Mega Fanbase ........for decades........Emerging Global Brand..
Thez only one Ya-Nited
Click to expand...

I've heard of George Best, 3rd most famous Ulsterman (after ME and Van the Man 😆 )
famous for playing for Fulham, Stockport, Hibs etc wasn't he ? 😆
 
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