Dow 2008

[Atilla]

Short
But I have to say, this is a 50/50 chance of long or short if entry point is right.
11352 is my entry for 2 contracts, so my loss has been minimized quite a bit, but I'm still quite pissed off that I broke so many of my own rules of trading...

This is what I'm looking at - at the moment... 11380s either will be rejected or breached...

PS. I'm currently long and still favour the upside.

 

[Atilla]

Looks like 380 has been breached.

Thinking out loud, I think from 11400s, 11380 maybe tested and then if it subsequently goes beyond 11400 I will add to long position.

 

[Mr.J-Arthur]

if 380 is breached I would be very happy...but it's not happening, I don't think.
today was long from the start.
My stop will soon be hit...ouch.

 

[ralph197]

Excellent discussion guys. Attila, Breadman, You are undoubtedly wizards


Not forgetting you Mr Arthur

 

[Mr.J-Arthur]

BLATANT F*cking manipulation @12:53

Glad I'm not long near the top here...
I have my doubts for any position now.
Stop not hit.

Yes Ralph, we're all genius thinkers! But we still lose on the odd day...such as today for me.

I think longs might be taking profit that's why it spiked down.

 

[Atilla]

:whistling

Excellent discussion guys. Attila, Breadman, You are undoubtedly wizards


Not forgetting you Mr Arthur

Cheers Ralph but bewarned I'm no wizard but more an apprentice...

This fall to 11380 I'm tempted to think is a shakeout. I've added to my long pos at 380. Now to sit tight, clench buttocks and watch either pips dissappear or multiply... :cheesy: (SL @ 11360)

 

[ralph197]

:whistling

This fall to 11380 I'm tempted to think is a shakeout. I've added to my long pos at 380. Now to sit tight, clench buttocks and watch either pips dissappear or multiply... :cheesy: (SL @ 11360)

Looks like a multiplication day

 

[Atilla]

Certainly choppy but still trying to now break out of this 400 level.

Sweet when a plan comes together...

PS Looking to lock profits and get out now...

 

[Mr.J-Arthur]

Dang, this thing is nuts.
stopped @ 2.5% loss, ouch.

 

[Atilla]

Dang, this thing is nuts.

Just closed that extra pos at 410.

Looks like it's trending sideways on 1 min charts and may well test 380s again very shortly.

 

[Atilla]

Just closed that extra pos at 410.

Looks like it's trending sideways on 1 min charts and may well test 380s again very shortly.

Pooh bear... Got that one wrong. Went up to 420... Oh dear

Original target of 11480s R1 level holds.

 

[Slapshot]

BLATANT F*cking manipulation @12:53

Glad I'm not long near the top here...
I have my doubts for any position now.
Stop not hit.

Yes Ralph, we're all genius thinkers! But we still lose on the odd day...such as today for me.

I think longs might be taking profit that's why it spiked down.

Yes the markets are manipulated.

The 30 min chart gives a lot of clues. We have a gap going back to the open on Monday of 90 odd points, gaps are always liable to being closed. If it closes having closed that gap then we have a potentially bullish setup, if the gap fails then...well you know the rest

 

[Mr.J-Arthur]

I'm in a sour mood. Hopefully tomorrow works out better.

good trading guys, I'm calling it a day.

 

[breadman]

resistance here at 11460 could turn back now short term overbought if it breaks look for 11505

 

[ralph197]

I've targeted 11483.

The daily chart has just given a swing chart buy signal

 

[Kondaliev]

relationships Dow,Oil,$ will be difrent.......there is no chance markets are manipulated

.....we going to see new face

 

[francisfinley]

relationships Dow,Oil,$ will be difrent.......there is no chance markets are manipulated

.....we going to see new face

since 16.15 GMT DOW has had total disregard for the oil price with regard to only coming down a dollar, the DOW pushed off when the $ started to turn north.

 

[Kondaliev]

since 16.15 GMT DOW has had total disregard for the oil price with regard to only coming down a dollar, the DOW pushed off when the $ started to turn north.

.....it will take some time to see the new relationships.....now it's to dangerous for trade < in my view>

 

[francisfinley]

.....it will take some time to see the new relationships.....now it's to dangerous for trade < in my view>

its an interesting one, the game hasnt changed, the rules have switched.

 

[Kondaliev]

its an interesting one, the game hasnt changed, the rules have switched.

....aaaaa relationships will be the same but in difrent proportions <that's wat i want to say> my english is :clap: