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Show-me Account Talk
- Thread starter Show-me
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Show-me
Well-known member
Bull trap?
Looks like a relief rally and/or a bull trap.
S&P formed a hammer candlestick, but it doesn't mean much in its current formation. In order for it to really mean a bullish reversal it should have been a white candlestick. It still has some significance with the long tail and a close above support. The futures show this now.
I will go out on a limb and say no matter what the FOMC does we will sell off. Just a guess, but think about the big boyz that bought in the 1250's and we go to 1290's. Nice pay day!
Looks like a relief rally and/or a bull trap.
S&P formed a hammer candlestick, but it doesn't mean much in its current formation. In order for it to really mean a bullish reversal it should have been a white candlestick. It still has some significance with the long tail and a close above support. The futures show this now.
I will go out on a limb and say no matter what the FOMC does we will sell off. Just a guess, but think about the big boyz that bought in the 1250's and we go to 1290's. Nice pay day!
Show-me
Well-known member
I am sticking to the G fund until this washes out. I'm not going to trade my TSP anymore as I am make excellent profits in my Roth. They surpass anything I have ever made before.
My new plan for TSP is to wait until the trend changes and I will not try to pick the bottom, it would be pure luck if I did.
One rule I hear some profession traders use is to not try and trade a FOMC meeting. Makes sense cuz you have no idea what the Fed will do or how the market will react. Wait for the aftermath to play out and remember what Tom has pointed out in the past about the market reversing a few days after the Fed meeting.
My new plan for TSP is to wait until the trend changes and I will not try to pick the bottom, it would be pure luck if I did.
One rule I hear some profession traders use is to not try and trade a FOMC meeting. Makes sense cuz you have no idea what the Fed will do or how the market will react. Wait for the aftermath to play out and remember what Tom has pointed out in the past about the market reversing a few days after the Fed meeting.
Show-me
Well-known member
Limit order SDS $64 and $65.
It would appear that we will rally rather smartly today and the Fed will do what it takes to calm the markets. IMO, earnings are going to come in line by the way LEH and GS reported this morn.
I would expect a serious rally to at least the 20 dma. I have two accounts I trade, one I have placed a LIMIT ORDER of $64 for SDS and the other LIMIT ORDER of $65 for SDS. Both GOOD TIL COB 3/20.
I fully do NOT expect these orders to fill today as it is a large spread from current position.
Simply, I am betting on a rally this week and a continued decline next week.
Good trading.
It would appear that we will rally rather smartly today and the Fed will do what it takes to calm the markets. IMO, earnings are going to come in line by the way LEH and GS reported this morn.
I would expect a serious rally to at least the 20 dma. I have two accounts I trade, one I have placed a LIMIT ORDER of $64 for SDS and the other LIMIT ORDER of $65 for SDS. Both GOOD TIL COB 3/20.
I fully do NOT expect these orders to fill today as it is a large spread from current position.
Simply, I am betting on a rally this week and a continued decline next week.
Good trading.
Show-me
Well-known member
Show-me
Well-known member
robo
Well-known member
Re: Limit order SDS $64 and $65.
Watching the ticker... 65.00 is a go.... Maybe she pulls back into the close and you will make some money... Yeah! I'm done trading for now, but I could take a Free Ride.... I think that's a song?
Watching the ticker... 65.00 is a go.... Maybe she pulls back into the close and you will make some money... Yeah! I'm done trading for now, but I could take a Free Ride.... I think that's a song?
Last edited:
350zCommTech
Well-known member
Re: Limit order SDS $64 and $65.
My paper money account got filled at 64.90. I held off on my real account.
My paper money account got filled at 64.90. I held off on my real account.
Re: Limit order SDS $64 and $65.
350,
Where do you have your paper money account? I need lots of practice myself! Tia.
350,
Where do you have your paper money account? I need lots of practice myself! Tia.
350zCommTech
Well-known member
Re: Limit order SDS $64 and $65.
https://www.thinkorswim.com/tos/dis...A0C12530D0C1D21F.tos2_w1c1?webpage=paperMoney
https://www.thinkorswim.com/tos/dis...A0C12530D0C1D21F.tos2_w1c1?webpage=paperMoney
love-to-bike
Member
Show-me,
I enjoyed your Cramer clip this morning - did you see the Broken Arrow segment on Jon Stewart's show last night? Kinda long - at around 4:30 minutes there's a great Cramer clip:
http://www.thedailyshow.com/video/index.jhtml?videoId=164178&title=broken-arrow
I enjoyed your Cramer clip this morning - did you see the Broken Arrow segment on Jon Stewart's show last night? Kinda long - at around 4:30 minutes there's a great Cramer clip:
http://www.thedailyshow.com/video/index.jhtml?videoId=164178&title=broken-arrow
Show-me
Well-known member
Show-me,
Thank you for posting your SDS order. I'm also back in @65 with my puny 6k. What all goes into your picking your entry/exit points?
Hi Jon and welcome. Nothing puny about that! We all start some where.
Lots of starring at the S&P chart trying to get a feel for the next rally.
I had no clue what the outcome of today was going to be all I felt was that the Fed will do what ever it takes to save the banks/brokers and they have taken a beating on Monday. That and we were due a relief rally.
So I set up a buy with a limit order and never dreamed we would fill both. I thought it would take until Thursday to fill even one at $65.
Go figure.
Show-me
Well-known member
Highlight and copy only the part after the = sign on the address bar of the browser window you have the youtube video on.
It will look like this for your vid. SeJmmQ5y9eQ
Then click the "post reply" icon and there will be a "tube" icon in you message window with a red tv box. Click the icon and paste the copy right inbetween the two youtube brackets.
It will look like this for your vid. SeJmmQ5y9eQ
Then click the "post reply" icon and there will be a "tube" icon in you message window with a red tv box. Click the icon and paste the copy right inbetween the two youtube brackets.
Show-me
Well-known member
Don don't give Cramer any stack and I like it.
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