Dow charting

Discussion in 'Stock picks and trading strategies' started by avontureke, Feb 12, 2014.

  1. avontureke

    avontureke Active Member

    if you cant resist shorting it....use SMALL positions that can take a hit without costing you an arm and a legg..

    But normally you should leave it from this point on untill tomorrow or after the fed notes.

    Good thing we detected the signs well in advance
     
    Last edited: Feb 19, 2014
  2. avontureke

    avontureke Active Member

    hitting stoploss after stoploss....what a squeeze indeed

    but I think this was about it..

    agadan.jpg
     
    Last edited by a moderator: Mar 22, 2014
  3. avontureke

    avontureke Active Member

    that was the dow shooting up 140 points...just because the fed is about to speak.

    fair to say that you should not be in the market anymore exept with very small positions or swingtrades.

    We reached the first target of our backbone of yesterday but we called for a sideline because we noticed some strange behaviour in the market. And that was a good thing to do.
    Just like we feared the dow shot up after opening leaving all the shorters behind...

    Now we wait for the actual fed notes and when the dust settles we move to our next target
     
  4. avontureke

    avontureke Active Member

    its about time we saw some profit taking...

    but ofcourse that does not change much...the risk remains for the day

    over.jpg
     
    Last edited by a moderator: Mar 22, 2014
  5. avontureke

    avontureke Active Member

    and we are back to where we came from....

    lots of people stopped out because of this.

    ah....no matter.. We caught it on time :thefinger:

    Let the banks have their day...the more money they make the more we can take from them later

    amovesbig.jpg
     
    Last edited by a moderator: Mar 22, 2014
  6. avontureke

    avontureke Active Member

    Bulls should be running for the exit now....
     
  7. avontureke

    avontureke Active Member

    pretty amazing stuff...the fed news was pretty bad. Indicating discord at the fed.

    but somehow they managed to pull of yet another spike. Not gonna last but strange...

    enough.jpg
     
    Last edited by a moderator: Mar 22, 2014
  8. avontureke

    avontureke Active Member

    and off we go...next target 16025 as a starter aofwego.jpg
     
    Last edited by a moderator: Mar 22, 2014
  9. avontureke

    avontureke Active Member

    new backbone

    I'm not expecting much more today so this will probably be for tomorrow

    anextstop.jpg
     
    Last edited by a moderator: Mar 22, 2014
  10. Blaine Tarr

    Blaine Tarr forum leader won penny contest 24x won weekly contest 20x

    Please Enlighten me on how 'bad' the fed news was?

    I clearly have a different time frame on the overall market than you do, but I'm still interested in the long side of this market. We do have pullbacks along the way, sure, but since you have started this thread the overall market is up... I suppose it takes two sides to make a market.
     
  11. avontureke

    avontureke Active Member

    I dont see what importance that has ?

    again...that was a VERY longterm backbone that is currently still forming. We are forming a bearish pattern...Going up is just a part of that movement

    But I'm an intradaytrader indices. What is important are my intraday calls....

    If the market breaks out against my vision I will rework that vision and trade the new version.
     
  12. avontureke

    avontureke Active Member

  13. Blaine Tarr

    Blaine Tarr forum leader won penny contest 24x won weekly contest 20x

    Just think outside the box for a few minutes here. Be prepared to trade either way and try not to 'over-analyze' it, if that makes sense. I guess I just find the timing of your finding of this forum and starting this thread and you aren't even trading it right now.

    That said, I watch SPY intra-day, and it's setting up for a late-day fade.
     
  14. avontureke

    avontureke Active Member

    again...bulls should be running for the exit

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    Last edited by a moderator: Mar 22, 2014
  15. avontureke

    avontureke Active Member

    I told you before...no idea wat you are talking about...I'm not fighting any grain...I've been spot on the money

    And I certainly do not trade any direction...infact...and I said this before, I'm not here to trade, show you trades or learn anybody to trade.

    I predict dow movements....thats it.

    (for the record...I go long and short everyday)
     
  16. avontureke

    avontureke Active Member

    meanwhile we are again over 40 points lower on the dow :mrgreen:

    ahaal.jpg
     
    Last edited by a moderator: Mar 22, 2014
  17. Blaine Tarr

    Blaine Tarr forum leader won penny contest 24x won weekly contest 20x

    Yep, SPY nice fade too. At least we're on the same page about the late day sell-off here.
     
  18. avontureke

    avontureke Active Member

    meanwhile my backbone of yesterday has been as good as completed...and the first steps have been made to complete my new backbone

    ofcourse some recovery overnight is possible and shortable

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    Last edited by a moderator: Mar 22, 2014
  19. main1event

    main1event Member weekly contest winner

    I think there are some severe warning signs out there, bankers jumping off buildings, unrest in Kiev, Venezuela and other parts of the world. We also have markets collapsing. I think its very probable that we see some kind of collapse here soon, and Yellen will be forced to stop tapering and add to QE.
     
  20. Blaine Tarr

    Blaine Tarr forum leader won penny contest 24x won weekly contest 20x

    U.S futures down. Finally got your washout on the Asia indices falling.
     

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