Commentary

Like to trade on leverage ?

http://www.break.com/usercontent/2008/1/Stock-Futures-Trader-losses-it-all-and-flips-out-438981.html
Especially holding overnight on leverage , watch this video every day before you start to trade… The market gapped against him and even a stop loss would not have saved him.
Be warned of the bad language in advance.

http://www.break.com/usercontent/2008/1/Stock-Futures-Trader-losses-it-all-and-flips-out-438981.html

Especially holding overnight on leverage , watch this video every day before you start to trade… The market gapped against him and even a stop loss would not have saved him.

Be warned of the bad language in advance.

Mixed Bag

Ben it seems can print money faster than people  can sell for now but as he does his victory lap during the Santa Cluas rally it will be a case of watch out behind you or is that below ?
I will now be getting ready for some action to the longside but did go short [...]

Ben it seems can print money faster than people  can sell for now but as he does his victory lap during the Santa Cluas rally it will be a case of watch out behind you or is that below ?

I will now be getting ready for some action to the longside but did go short yesterday via SDS and SKF , MEN and COGT for a quick swing trade but i dont see us punching out new lows . My time today will be spent flicking through charts looking for decent longs. Note to self , why is it that im only doing this now ?

The other thing i have been researching is when symetrical triangles fail to break out to the side of entry.  There has been much banter about 5th Waves and it does appear that 5th waves ( the one you get just before a reversal ) can come in the form of triangles which fail to break to the direction of entry. The Yen has continued towards 96 as per my post yesterday but I have to stand back and dig deep into the library now to see what the telltale signs of a triangles failure as a contiuation are.

Im also going to study  ” Island Reversal ” patterns , a classic example of which is to be seen on Citis daily chart if looked at on the 30 minute time frame.  I shant be rushing out into a long on this one but will focus on the telltale signs of a throw back or failure of this pattern.

The biggest threat to the US ?

This film goes a long way to the explaining the mess the US is in and by extension the rest of us, although to a lesser degree.

This film goes a long way to the explaining the mess the US is in and by extension the rest of us, although to a lesser degree.

Some Days bears have all the fun