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Catching Big Waves - a trader's journal of surfing the the markets


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Catching Big Waves - a trader's journal of surfing the the markets

  #2341 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
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Posts: 6,462 since May 2011

I am tempted to fade this, but feel like I will get run over if I do.



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Can you help answer these questions
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  #2342 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

A lot of shorts have already been taken out, up into the 93.25 area is clear except for today's action...The rally feels weak so far...Every indicator except a daily says "buy", and I don't believe them. Not sure what my problem is and will let my -$20 ride until I do.

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  #2343 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


Visually, this bar is beautiful, typically I would be all over it



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  #2344 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

Oil is waiting for ES to turn... That's what it looks like anyway. Not interested.

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  #2345 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

They are buying it because they don't know what else to do.

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  #2346 (permalink)
 
josh's Avatar
 josh 
Georgia, US
Legendary Market Wizard
 
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GaryD View Post
They are buying it because they don't know what else to do.

That was the mantra of the entire Q1 2012 ...

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  #2347 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


josh View Post
That was the mantra of the entire Q1 2012 ...


That made me laugh. Thanks for the entertainment, nothing else going on.

The buy would have been a stop out. If I finish the day down $20 I am giving myself the penny anyway.




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  #2348 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

This range I may buy


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  #2349 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

It has to give me some reason though, other than a yellow highliter

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  #2350 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


Or not.

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Last Updated on May 23, 2014


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