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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

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

The British Pound is surely controversial, but it did have a significant reaction at a possible major double bottom.

[img]https://nexusfi.com/v/pvtema.jpg[/img]

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  #432 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
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Crude did see the short covering rally that was a probability mentioned last night, and has now entered a zone that may present a good short opportunity.


[IMG]https://nexusfi.com/v/8tmjbu.jpg[/IMG]

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  #433 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
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ES and CL have been joined at the hip almost recently. Watch the S&P for a clue as to whether this rally will fade.

[img]https://nexusfi.com/v/6rhz4v.jpg[/img]

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

Not a signal, but a clue. Divergence is strong on the 9 range.

[img]https://nexusfi.com/v/hrz3gz.jpg[/img]

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  #435 (permalink)
 
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 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
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Posts: 6,462 since May 2011

If I would trade instead of type sometimes...

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  #436 (permalink)
 greenr 
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is this what your looking at buddy??


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  #437 (permalink)
 BishopM05 
Houston, TX
 
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GaryD View Post
Crude did see the short covering rally that was a probability mentioned last night, and has now entered a zone that may present a good short opportunity.


[IMG]https://nexusfi.com/v/8tmjbu.jpg[/IMG]

I've been watching and waiting for this one all day. I went short a bit too early @ 79.40, but rode out the next push up before this current run down. I'm hoping it will make a run down to 78.64...might be some day stops there to push it further.

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

[img]https://nexusfi.com/v/mkx5qg.jpg[/img]

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  #439 (permalink)
 
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 GaryD 
Orlando, Florida
 
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Platform: shoes
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Posts: 6,462 since May 2011

Closed for +26. Going to watch

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


There are probably a lot of shorts who have been waiting for a decent pullback to stop their pain.

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Last Updated on May 23, 2014


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