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I like it.I'm going to order your book.
Thanks, Carl!You are the true trading master with patient and sensitive on any opppotunity even it against others' view..thanksTony
Beautiful entry Carl. I suspect the Powers-That-Be will be pulling another rabbit out of their hat and the whole Europe thing will settle down for a while, letting the markets melt up again.
very good trade!
Looks like steady distribution selling to knife catchers. Hope 1148 holds.o
carl it would be useful to say where you put the stop-loss each time.i believe 1145 is good for this trade.
Looks like a trade that can be kept for a few days to a week or so...
perfect entry, stunning timing.
Looks like we are heading for 1138-39... I will have my order ready to go long if we get down there!
I'll eat my Crow. Bad entry for me.I picked up the falling knife.Violated my trading edge.Jack
Trends are very hard to play to the hilt. You never know whether they will continue or reverse. Even breakouts or breakdown cannot be trusted. 1148 was broken down but is it for real??
nice job! BTW: Where is your stop-loss point?
Today is likely to be the low. With the reelection of Merkle this weekend watch for a strong reaction from Germany next week to firm up the debt markets. Too much at risk for euroland to fail.
ma 200 is broken and also i'm out...
If recent late April top is part of a 3 week Diamond pattern then the heighth of the Diamond (roughly 39 points) becomes the downside target which is around SPX1142 (2x39 or 78 points off the high)
EXTRADER be careful what you pray for :)
Carl went to the beach.
well im in at 1138... we go up from here, no doubt in my mind!
What happens if noting fundamental happens as we well know of the markets, but the "sheep theory" takes over. Everybody decides to go over the cliff because the sheep in front of him did it and so on. Also known as musical chairs, ponzi schemes, panic, etc. Support levels usually work because everybody believes it will work so it becomes self fullfilling. The funny thing is that the Greek situation seems to be resolving itself, but in the meantime herd behaviour has become more powerful.
Am I the only one who is so "smartly managing" my positions that I miss the bulk of a big move? ES dropped another 20 points as I typed this message.On a strong trending day like today, it is best to open to position in the morning, with a close position order at market close, and go to the beach.
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