Trades and discussions

« Back to Group Discussions

A group for the greatest minds?

 

I guess you need somebody on the lower end of the bell curve, I volunteer myself!

Hi, I'm Kyle, do we have a place for Binary options? 

 

Start a fresh thread.

 

EUR/USD shorts seeing the herd mentality we saw in the winter when fundamentals and macro news took a back seat.  Many large funds went into FY12 long USD/long equities as the correlation withered a bit.  We're back to NYSE short interest not seen since last fall (need I remind anyone what we did post capitulation off the 10/4 lows?)

 

From ZH:

 

Hey guys... Thanks for the invite charulz :-)

 

So far its holding support at last Friday's low, and bouncing. Not a very convincing bounce, and to me looks like a possible bear flag. If it does play out then I'm looking for a bounce off where where the low of the left shoulder intersects the bottom of my up trending support right around 1287 (practically that 1290 level mentioned several time in the Today threads). I have some aapl puts from close to AAPL's high of the day, so I would like tot take profit on those tomorrow right around the mid to upper 560s. 

 

I feel like this approval only group is going to be very interested. To be honest, I feel some of the members these days have just taken away some of the learning experience vibe . Rather than share with others what they see, and elaborate a possible scenario based on a reasonable claim some of the posts are excessively irrational. 

thanks for the invite

Nice trading Charulz!

 

Thanks for the invite charulz!

 

And nice play on GOOG. Was in those 550x puts myself.

You could possibly have made money on that trade but I like your decision. Right now price is battling with the first hour high (1308.75). Holding that along with the day's range 38.2% retracement (1308.25) for the next 30 minutes or so should lead to fresh highs today. The 1.27 extension of today's range is 1318. The intraday pattern of Jan-Feb looks similar to today, early dip is bought, then when we pull off highs price holds at favorable (bullish) level, then buying interest renews and we leg up again. We could break down, but I like the long side today and most likely through tomorrow or Thurs.

FWIW - I agree about dollar-equity inv correlation being weak. Seems like stocks do what they want, unless dollar move is very strong. If dollar move is weak, then it tends to add a little fuel to the equity move taking place, usually with the normal inv correlation. Not really sure I am right but that is how it has felt of late.

 

A little bit of strength off Friday's low. Market didn't do exactly what I hoped for, although i noticed us forming and break an intraday ascending triangle. Maybe we re-test mid-1330s or so?

Wider volatility due to wider stops.

Money wants swing traders to have a difficult time positioning long on this possible swing low.

I'm betting we see a move up to pronounce this head and shoulder pattern.

If we play this out, the next move would be to 1330 to form the right shoulder.

Then we move down to break the neckline at 1300 to trap in bears.

 

We trap bears and we meet up with that 1290 right shoulder on the much larger inverted h&s pointed out many times.

Then  opex week is over and we jack up high FAST to new highs. 

We stall out and come back down after that, continuing the rising wedge pattern I mentioned a bit back.

 

Just a big ass elaborate theory of mine.

thnx for the invite charulz, and thnx for starting up this group. i think this is a really great idea. we needed a section like this on hsm. looking forward to it. :)

I never know what the heck is going on but this should be good. Thanks, Charulz!