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11-06-2009, 08:27 AM
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#6931
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Almost Swole Status
Join Date: Aug 2007
Location: Maryland, United States
Age: 22
Stats: 6'1", 200 lbs
Posts: 7,848
BodyBlog Entries: 0
BodyPoints: 9649
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shorted the **** out of the top. Got fills on SPY and IWM around /ES 1068-69. Can't get any better than that. Making back the money I drew down on that ass**** of a rally. Sold off the last long position I have. Channels work and god damn I love them. Nailed that upper trendline and failed
EDIT: GOOD LORD I LOVE CHANNELS. I havent banked as hard as I have in the last couple weeks since last october
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Last edited by V8 Muscle; 11-06-2009 at 08:32 AM.
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11-06-2009, 08:49 AM
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#6932
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500 Internal Server Error
Join Date: Oct 2003
Posts: 13,785
BodyPoints: 22529
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Quote:
Originally Posted by picartman
Lol Amzn is back up there. Trading at $123 atm.
Damn MGM BAC and C just shot up.
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back at their lows now.
this market is a lottery here.
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11-06-2009, 08:52 AM
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#6933
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500 Internal Server Error
Join Date: Oct 2003
Posts: 13,785
BodyPoints: 22529
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Quote:
Originally Posted by V8 Muscle
shorted the **** out of the top. Got fills on SPY and IWM around /ES 1068-69. Can't get any better than that. Making back the money I drew down on that ass**** of a rally. Sold off the last long position I have. Channels work and god damn I love them. Nailed that upper trendline and failed
EDIT: GOOD LORD I LOVE CHANNELS. I havent banked as hard as I have in the last couple weeks since last october
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good job dude.
how many contracts do you buy typically wh en trading /es or /ym?
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11-06-2009, 08:54 AM
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#6934
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Almost Swole Status
Join Date: Aug 2007
Location: Maryland, United States
Age: 22
Stats: 6'1", 200 lbs
Posts: 7,848
BodyBlog Entries: 0
BodyPoints: 9649
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Quote:
Originally Posted by JingleAllTheWAY
good job dude.
how many contracts do you buy typically wh en trading /es or /ym?
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i dont trade /es because i dont have enough capital really. Costs like 5k/contract so you need like 20k to trade it effectively. I mostly watch /ES as a proxy for the market and trade IWM or SPY options
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11-06-2009, 08:56 AM
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#6935
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Registered User
Join Date: Dec 2003
Location: London, United Kingdom (Great Britain)
Age: 24
Stats: 6'3", 202 lbs
Posts: 5,400
BodyBlog Entries: 0
BodyPoints: 9711
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Quote:
Originally Posted by JingleAllTheWAY
back at their lows now.
this market is a lottery here.
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im out of everything again. RBS posted good results this morning and shot up...thought about buying. 3 hours laters its almost back where it started. i want to see a good few days direction before i think about putting anything in now. ill stick with my currencies in this environment.
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11-06-2009, 09:11 AM
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#6936
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Almost Swole Status
Join Date: Aug 2007
Location: Maryland, United States
Age: 22
Stats: 6'1", 200 lbs
Posts: 7,848
BodyBlog Entries: 0
BodyPoints: 9649
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Quote:
Originally Posted by CLK-GTR
im out of everything again. RBS posted good results this morning and shot up...thought about buying. 3 hours laters its almost back where it started. i want to see a good few days direction before i think about putting anything in now. ill stick with my currencies in this environment.
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lol eur/usd hasnt had much direction lately either
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11-06-2009, 09:16 AM
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#6937
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Registered User
Join Date: Dec 2003
Location: London, United Kingdom (Great Britain)
Age: 24
Stats: 6'3", 202 lbs
Posts: 5,400
BodyBlog Entries: 0
BodyPoints: 9711
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im long dollars mostly from GBP. im happy with it staying flat and the only way it really could go is in my favour. the sole reason im glad our govt hasnt got a clue what its doing.
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11-06-2009, 09:18 AM
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#6938
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Almost Swole Status
Join Date: Aug 2007
Location: Maryland, United States
Age: 22
Stats: 6'1", 200 lbs
Posts: 7,848
BodyBlog Entries: 0
BodyPoints: 9649
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Quote:
Originally Posted by CLK-GTR
im long dollars mostly from GBP. im happy with it staying flat and the only way it really could go is in my favour. the sole reason im glad our govt hasnt got a clue what its doing.
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your govt? whose govt does have an idea what theyre doing? everyone is just crossing their fingers and hoping Keynes was right
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11-06-2009, 09:22 AM
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#6939
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Registered User
Join Date: Dec 2003
Location: London, United Kingdom (Great Britain)
Age: 24
Stats: 6'3", 202 lbs
Posts: 5,400
BodyBlog Entries: 0
BodyPoints: 9711
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Quote:
Originally Posted by V8 Muscle
your govt? whose govt does have an idea what theyre doing? everyone is just crossing their fingers and hoping Keynes was right
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the british government. with our current PM at the helm there's no way we're going to recover faster than the US economy or the rest of Europe.
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11-06-2009, 09:37 AM
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#6940
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Registered User
Join Date: Jul 2009
Location: United States
Age: 18
Posts: 713
BodyBlog Entries: 0
BodyPoints: 0
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Quote:
Originally Posted by JingleAllTheWAY
back at their lows now.
this market is a lottery here.
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Nothing wrong with that if you're a day trader. :P
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11-06-2009, 10:03 AM
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#6941
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Registered User
Join Date: Oct 2008
Stats: 6'3", 230 lbs
Posts: 159
BodyBlog Entries: 0
BodyPoints: 0
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ES/SPY setting up for big down move here, IMO. but lunch could screw that up.
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11-06-2009, 10:38 AM
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#6942
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Pathalogical Logic
Join Date: Apr 2005
Location: United States
Age: 33
Posts: 3,314
BodyBlog Entries: 0
BodyPoints: 10639
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Quote:
Originally Posted by steve38
ES/SPY setting up for big down move here, IMO. but lunch could screw that up.
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Based on what? You have a chart to share or any more info?
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11-06-2009, 10:51 AM
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#6943
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Registered User
Join Date: Oct 2008
Stats: 6'3", 230 lbs
Posts: 159
BodyBlog Entries: 0
BodyPoints: 0
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Quote:
Originally Posted by mcichocki
Based on what? You have a chart to share or any more info?
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SR levels, trend line angles, money flow, and intuition...taking a little heat on it, though
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11-06-2009, 12:15 PM
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#6944
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Pathalogical Logic
Join Date: Apr 2005
Location: United States
Age: 33
Posts: 3,314
BodyBlog Entries: 0
BodyPoints: 10639
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Quote:
Originally Posted by steve38
SR levels, trend line angles, money flow, and intuition...taking a little heat on it, though
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This week so far has been an inside week to last weeks price action. Though this weeks trend was up and last weeks trend was down.
GL...I'm holding some of the DDM puts I sold still...fib wise on a mid term picture I am bullish still.
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11-06-2009, 12:15 PM
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#6945
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Almost Swole Status
Join Date: Aug 2007
Location: Maryland, United States
Age: 22
Stats: 6'1", 200 lbs
Posts: 7,848
BodyBlog Entries: 0
BodyPoints: 9649
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Quote:
Originally Posted by CLK-GTR
the british government. with our current PM at the helm there's no way we're going to recover faster than the US economy or the rest of Europe.
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agreed, esp not with such a weak dollar vs GBP and Euro. Bernanke is ****ing you guys too lol
Edit: If anyone is interestd, today is a PERFECT time to short GE
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11-06-2009, 12:17 PM
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#6946
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Tennis Manlet
Join Date: Nov 2006
Location: Chicago, Illinois, United States
Stats: 5'8", 174 lbs
Posts: 4,247
BodyBlog Entries: 0
BodyPoints: 835
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come on ggggggggoooollllddddd
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11-06-2009, 12:23 PM
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#6947
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NYC Misc Brah
Join Date: Jun 2008
Location: Woodhaven, New York, United States
Age: 18
Stats: 5'11", 170 lbs
Posts: 143
BodyBlog Entries: 0
BodyPoints: 0
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Hmph.
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11-06-2009, 12:26 PM
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#6948
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I am Dave Man
Join Date: Oct 2008
Location: United States
Age: 24
Stats: 5'9", 191 lbs
Posts: 1,810
BodyBlog Entries: 0
BodyPoints: 0
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It blows my mind that GE rallied so hard today.
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11-06-2009, 12:41 PM
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#6949
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Goldfinger
Join Date: Jun 2007
Location: United States
Age: 29
Stats: 6'0", 213 lbs
Posts: 1,420
BodyBlog Entries: 0
BodyPoints: 20641
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Quote:
Originally Posted by java568
come on ggggggggoooollllddddd
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https://www.kitcomm.com/showpost.php...&postcount=252
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I think we will look back in 10 years time and say we should not have done this, but we did because we forgot the lessons of the past, and that that which is true in the 1930s is true in 2010. -Byron Dorgan (during the US Senate's repealment of the Glass-Steagall act)
Last edited by Sirtitan; 11-06-2009 at 12:47 PM.
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11-06-2009, 01:01 PM
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#6951
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Registered User
Join Date: Jan 2005
Location: Orlando
Age: 21
Posts: 184
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Quote:
Originally Posted by V8 Muscle
i dont trade /es because i dont have enough capital really. Costs like 5k/contract so you need like 20k to trade it effectively. I mostly watch /ES as a proxy for the market and trade IWM or SPY options
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get a futures broker. margin for ES is $500 per contract
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11-06-2009, 01:02 PM
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#6952
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Registered User
Join Date: Jul 2009
Location: United States
Age: 18
Posts: 713
BodyBlog Entries: 0
BodyPoints: 0
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Quote:
Originally Posted by V8 Muscle
Edit: If anyone is interestd, today is a PERFECT time to short GE
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Ugh after seeing AMZN I dunno man...
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11-06-2009, 01:39 PM
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#6953
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Almost Swole Status
Join Date: Aug 2007
Location: Maryland, United States
Age: 22
Stats: 6'1", 200 lbs
Posts: 7,848
BodyBlog Entries: 0
BodyPoints: 9649
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Quote:
Originally Posted by jaysal555
get a futures broker. margin for ES is $500 per contract
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really? its 4500 or something with ToS
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11-06-2009, 01:40 PM
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#6954
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Almost Swole Status
Join Date: Aug 2007
Location: Maryland, United States
Age: 22
Stats: 6'1", 200 lbs
Posts: 7,848
BodyBlog Entries: 0
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Quote:
Originally Posted by picartman
Ugh after seeing AMZN I dunno man...
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GE is retesting the underside of the broken trendilne. I think AMZN got upgraded to provide liquidity for shorts.
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11-06-2009, 01:42 PM
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#6955
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Pathalogical Logic
Join Date: Apr 2005
Location: United States
Age: 33
Posts: 3,314
BodyBlog Entries: 0
BodyPoints: 10639
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Quote:
Originally Posted by V8 Muscle
really? its 4500 or something with ToS
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A futures broker will be between $500-$1000 per contract for DAYTRADES only!
You have to meet appropriate maintenance margins to hold overnight.
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11-06-2009, 01:43 PM
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#6956
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Almost Swole Status
Join Date: Aug 2007
Location: Maryland, United States
Age: 22
Stats: 6'1", 200 lbs
Posts: 7,848
BodyBlog Entries: 0
BodyPoints: 9649
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Quote:
Originally Posted by mcichocki
A futures broker will be between $500-$1000 per contract for DAYTRADES only!
You have to meet appropriate maintenance margins to hold overnight.
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ok that makes sense
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11-06-2009, 01:56 PM
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#6957
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500 Internal Server Error
Join Date: Oct 2003
Posts: 13,785
BodyPoints: 22529
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today was once again surprising.
after horrible consumer credit #'s and unemployment #'s...market refused to drop....
even tho the market is closing flat...its still a victory for bulls...because clearly this bad news should've been more than enough fuel for shorts...
market is becoming more and more of a lottery/guessing game.
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11-06-2009, 03:04 PM
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#6958
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500 Internal Server Error
Join Date: Oct 2003
Posts: 13,785
BodyPoints: 22529
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So we got lousy unemployment numbers, horrendous consumer credit #s, bad nonfarm payrolls...and $CIT bankruptcy..
yet the market is not correcting the way it should be.
today, without a doubt should have been a hard selloff day.
But it did not happen.
market continues to humble.
to be continued....
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11-06-2009, 04:50 PM
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#6959
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Registered User
Join Date: Jul 2009
Location: United States
Age: 18
Posts: 713
BodyBlog Entries: 0
BodyPoints: 0
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Quote:
Originally Posted by JingleAllTheWAY
So we got lousy unemployment numbers, horrendous consumer credit #s, bad nonfarm payrolls...and $CIT bankruptcy..
yet the market is not correcting the way it should be.
today, without a doubt should have been a hard selloff day.
But it did not happen.
market continues to humble.
to be continued....
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Yeah it's a bitch dude. I'm surprised as well...
Quote:
Originally Posted by V8 Muscle
GE is retesting the underside of the broken trendilne. I think AMZN got upgraded to provide liquidity for shorts.
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Lets see what happens on Monday then.
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11-06-2009, 05:19 PM
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#6960
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CEO'in
Join Date: Dec 2007
Location: North Carolina, United States
Age: 23
Stats: 6'1", 189 lbs
Posts: 931
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BodyPoints: 21
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Im not surprised one bit. For the last month , everyone expects employment numbers to be bad. No one was even shocked today. The market went down for 10 mins then drifted into green territory. The employment numbers are the LAST thing to recover in any economic recession as well. As far as the consumer credit #'s, eh - people were expecting worse.
The data from yesterday about the economic recovery was still lingering. We are in the middle of a bearish pullback at the end of today and the 1070/75 will be the real test. If we hit that resistance and drop down...who knows how far we will drop. But if we climb that wall... dow is looking good for dow 10,600/700 by the end of the year
Again, just my opinion. Never expected anything "horrible" in the market today. Next week is a different story.
60% cash
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Last edited by UMadBrahh; 11-06-2009 at 05:26 PM.
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