thats a "turtle soup" type strategy. if the market gets overextended during a breakout, i reverse on it. i hold the position max of one day. where i place my orders is based on a stddev study i did, but there are more crude ways of making it work.

Stock Indices

did you catch the move pipmonster? looks like your post, two posts ago was spot on with the pin bar, no?

EURUSD

nice observation man!!! this would mean i should go long the UK 100 in a few months

Stock Indices

i dont know that the S&P leads the russel2k or vica versa. they pretty much just move together in varying degrees. i trade all of them at the same time because they act pretty much the same. for instance, today i had a duplicate winner on the ES ...

Stock Indices

where are you getting the 1296 resistance from? that peak that the line touches? thats where i was expecting some resistance too and the bigger question is, do you think we will hit the 66fib before hitting the lower fib lines?

Stock Indices

welcome to the forum Blackeagle! we need some position traders around here! thanks for your insights... when it goes to 1176 level, do you think we will get a bounce north or do you think it will sit there for a while? i can see it going to 1176 ...

Stock Indices

well that trade ended up nicely +64 ticks in one day...

Stock Indices

sure is a lot of action for a sunday afternoon! must be that greenspan guy giving weekend speeches.....

EURUSD

hey iso, what does your fib analysis say the S&P should go to over the next month? im not good with the waves or anything, but it looks like S&P is in a normal corrective wave (looking at the long term chart you posted).

Stock Indices

im not real concerned with oil's impact on the economy. i think oil will hit a high here soon and go back to 40 or 50 a barrell (though i dont have a position YET). i dont think there is anything that can stop the US economy right now. oil prices ...

Stock Indices

iso, is gold only denominated in dollars? for instance, if a chinese person wants to buy gold, do they first have to convert their yaun to dollars? or can they straight buy gold with their yaun?

Gold Discussion

amen, brother

What the **** is this all about?

LOL!

New found: EST 8PM 30 mintues bar

man, whats up with the bond market?!?!? it keeps on moving north. im itching to short more contracts, but im already stacked! the market is obviously expecting a fed funds pause at around 4% or earlier. i just cant see it happening though!

Central Banks Watch

man, whats up with the bond market?!?!? it keeps on moving north. im itching to short more contracts, but im already stacked! the market is obviously expecting a fed funds pause at around 4% or earlier. i just cant see it happening though!

Bonds

i agree, i wont touch gold right now. even though im bullish on the dollar (which should be bearish for gold, right?), i need to see some direciton out of this market. as isotonics graph shows, gold looks like stormy water!

Gold Discussion

what do you mean about AUD and CAD? when you say "does the commodity lead the currency", do you mean does the furtures contract lead the cash market? if so, the answer is yes.

Gold Discussion

i am guessing this move will happen on Tuesday after the US consumer confidence number comes out, but not because of that report along, rather in preparation for wednesday when GDP comes out.

EURUSD

great question! i wish i had the real answer, but id guess that it has to do with the high interest rate in the UK. i dont think that will be enough to sustain it though, rates are coming down, and so is the value of the pound. just look at the ...

Central Banks Watch

great question! i wish i had the real answer, but id guess that it has to do with the high interest rate in the UK. i dont think that will be enough to sustain it though, rates are coming down, and so is the value of the pound. just look at the ...

Bonds