Cluster Of Pain

The bulls better start getting their ducks in order. We are now in a seasonally bullish week and instead of sticking it to the grizzlies we’re still stuck in the 1400 – 1430 cluster of pain. For almost two months the 1430 mark has effectively served as a brick wall and if Santa can’t lift us over it then we are probably looking at some grim candles at the beginning of 2013.

The volume hole has shifted slightly and is now centered near 1423. If you count out the quick stab lower in November then it’s clear that the cluster of pain spans between the 1440 and 1430 mark. And the current cluster was preceded by another one which spanned between 1425 – 1460. So obviously everyone is worn out and that’s usually when surprise moves happen, be on your guard.

Short term we’re back at the 100-hour SMA. Technically we can play the sides here as usual – the bulls do have a seasonal home advantage plus it seems that the 100-day SMA is holding up thus far. Mrs. Market seems to be in a crappy mood and wants to inflict as much pain as possible. Having said that however let’s not forget that emotions are for suckers and it usually when most folks give up and walk away that we’re seeing big surprise moves. A breach on the hourly panel may be a good way to hitch a ride higher, so let’s work with that.

More charts and non-biased commentary below for anyone donning a secret decoder ring. If you are interested in becoming a Gold member then don’t waste time and sign up here. And if you are a Zero or Geronimo subscriber it includes access to all Gold posts, so you actually get double the bang for your buck.

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Cheers,

This entry was posted on Monday, December 17th, 2012 at 1:29 pm. Both comments and pings are currently closed.



  • AMCabrera

    not to mention da pair is dropping

  • http://evilspeculator.com molecool

    AUD/JPY? Please be more cryptic.

  • AMCabrera
  • newbfxtrader

    He means eur/GBP which he uses as risk on vs risk off.

  • http://evilspeculator.com molecool

    Yeah, he can’t be bothered with ‘regular’ pairs – the old eclectic.

  • AMCabrera

    that chart screams volume to me. Like you say the bears should be taking it hard while having its hair pulled. 

  • http://dartht.blogspot.com/ Zen_Gerb

    come on Santa, can’t let the kids down.

    http://s12.postimage.org/mywhfd4vf/santa.png

  • newbfxtrader

    Well the sad part is I can understand which pair he means…..

  • AMCabrera

    the aud/jpy actually did not cause much pain at all. Im out of it and will be entering gbp/jpy instead. the hourly chart is under the 25sma.

  • http://ibergamot.blogspot.com/ i Bergamot

    As the “End of the World” topic affecting some of our friends (looking at you  Microwave_Prince), I would like to reassure people of the internets that rumors of approaching world war involving 3 guys, camel and broken russian missile are bullshit.
    Also, I got a good laugh out of his picture, and here is my reply from last post:
    “I actually served on similar missiles back in 80′s. They didn’t work
    then, Im sure they are just the same pile of garbage now. If russians
    sold them to …(input your favorite terorist/freedom fighter) , than
    more power to russian financial ingenuity, cus Russian military
    equipment is real junk.
    P.S. Don’t worry about Israelis either. they can hold their own with or without our help.”

    You can sit down now

  • AMCabrera

    wait until the kids find out he does not exist. 

  • http://dartht.blogspot.com/ Zen_Gerb
  • Microwave_Prince

    I have no personal feelings towards Israel or Israelis, but it’s becoming clear they no longer have US support and the Islamists will soon control the Middle East.

  • AMCabrera

    I know! haha!

  • Joe_Jones

    careful, you may get arrested for telling the truth

  • AMCabrera

    Im gonna load up ToS real quick to see some stuff.

  • AMCabrera
  • Pervergence

    As opposed to what?……US oil companies?……..

  • Skynard

    Short /LBS from 358.2. Had to do it, that little guy on my right shoulder told me to:)

  • http://ibergamot.blogspot.com/ i Bergamot

     +1

  • Microwave_Prince

    Integrated oil companies are going in the shitter too. Keyword ‘integrated’.

  • AmazingLarry

    The 100 hr on AA has been a stud. Nervous if I take another steel company trade off support Mole will accuse me of candle chasing again, that meanie. :wink:

  • Joe_Jones

    This is place is turning into ZH :(

  • AmazingLarry

    I was just about to say. You guys want to argue about some war propaganda crap or take some of these trades and try to make some cheddar? 

  • ridingwaves

    damn mouse…

  • Skynard

    Seeing 1430 right quick, check out that lower hourly panel. That is a nice signal:)

  • Microwave_Prince

    Might actually get that squeeze to Dow 15,000 before oil kills the market.

  • http://evilspeculator.com molecool

    Yeah, I have been thinking the same lately. I’m not your daddy but would prefer if we could keep it trading related. That and hot chicks.

  • ridingwaves
  • Skynard

    Wow:)

  • Skynard

    Taking profit /ES 1426.25

  • newbfxtrader

    Great work bro!

  • http://dartht.blogspot.com/ Zen_Gerb

    you’ve found your calling.

  • BobbyLow

    Come on MP.

    You are beginning to sound like Nostradamus.  

    Maybe it kills the market in the year 2020.  Whatever.  

    Right now that kind of prophecy does nothing for anyone trading today’s tape.  

  • Skynard

    All that I need now is SPX 1460 by Wed. Should not be an issue:)

  • AMCabrera
  • Microwave_Prince

    If oil isn’t a threat, for example why would Susan Rice be heavily invested in Canadian oil sands and why would KiOR have Condoleeza Rice on its board of directors?

  • Skynard

    Just shorted /ES 1427.75:)

  • AMCabrera

    Im really lovin the nzd/usd below 8450 

  • badflightrisk

      BAC still moving up AH.  Financials trying to lead the way. 

  • AMCabrera
  • BobbyLow

    Whether or not Oil is a threat is not relevant to what we try to accomplish here which is to make money in an extremely difficult game.  

    And I’m not saying you are wrong. But what I am saying is that this kind of talk and beliefs can create a terrible bias in trading.

    Some of us here went through the end of the market world with Prechter’s P3 that was supposed to happen three years ago and still hasn’t happened.  These thoughts and beliefs affected my trading decisions and almost bankrupted me.  I’m still trying to dig myself out of a giant hole that trading with a bias created.  

    Having said all that, I’m back long oil because of what my chart is saying and nothing else.  If the chart turns I’ll go short.  And that’s all there is to it.

  • BobbyLow

    I still need a little more evidence but it is getting closer to the point where I might join you again.   :)

  • Microwave_Prince

    I only look at charts too. I just try to imagine what kind of events could cause price to hit my targets, after determining them. News follows the market, after all.

  • http://evilspeculator.com molecool

    All of this is completely meaningless. News are meaningless. Lofty predictions are meaningless. Only trading results count.

    Let’s keep focused on trading.

  • http://evilspeculator.com molecool

    Which is why i moved to Spain :-)

  • http://evilspeculator.com molecool
  • AMCabrera

     it is amazing. But Kaiser thank God there are other traders out there that really believe that.

  • Th3_Acist

    Anyone else have messed up candles on TOS? Sundays candles are all super tight 1-3 pips on pairs that had much wider action…very odd.  Also giving me a warning when it starts about candles not set at zero?  Never had an issue like this…

  • Skynard

    Tagged the hourly 100 BB, this was the reason for shorting:)

  • AMCabrera

    http://content.screencast.com/users/AMCabrera/folders/Jing/media/919bf820-4a74-4aa5-a762-875b6036fbfa/2012-12-17_1755.png
    which is funny because. You can blame the aud/jpy raise on anything. I just blame it on a great sucker move. Which is why I stop trying at 85.90. The spx at 1430 and order book looking ripe for a good ole cleaning in the aud/jpy and all across the board for that matter I only wonder what the scapegoat will be this time around.

  • badflightrisk

    Meredith Whitney told clients on Monday that she has turned positive on
    financial stocks, upgrading Citigroup Inc, Bank of
    America Corp and Discover Financial Services to “buy” from “hold

  • http://dartht.blogspot.com/ Zen_Gerb

    You can there’s no such thing as Santa, but for as me and grandpa we Believe
    http://www.youtube.com/watch?v=Sn2UYqewt2M

    Risk up a little more
    http://stockcharts.com/h-sc/ui?s=$BPSPX&p=D&yr=0&mn=4&dy=0&id=p38843799140
    -Gerb

  • Joe_Jones

    Lol @ ISEE data

  • Skynard

    AUD Policy @ 1930 hours. Thinking we get our move in AUDJPY for a short.

  • newbfxtrader

    What could go wrong eh?

  • Skynard

    Wow, long again with a stop buy @ 1330.25, price always wins:)

  • http://dartht.blogspot.com/ Zen_Gerb
  • Skynard

    The perfect storm, knew that was you:) The squeeze from hell again.

  • Skynard

     You are Evil!

  • http://dartht.blogspot.com/ Evil_Gerb

    as it is written, so be it.

  • Skynard

     My evilness, what do you think front month 146 SPY calls will look like by Wed/Fri?

  • http://dartht.blogspot.com/ Evil_Gerb

    well, I’m looking at the daily with a BB25,2.0
    the upper is heading to 146.25 by Friday -which gives you 25 cents at expiry.
    that’s assuming continued bullish trend Tues/Wed/Thu.

    so it’s the typical game of time vs. money tightrope walking with volatility for crosswinds.  joy!

  • Skynard

    Yes, that’s about what I’m seeing. Would think that tomorrow or Weds would give me the best premium if 145 is exceeded.

  • http://dartht.blogspot.com/ Evil_Gerb

    yep.  amateur hour has been my experience for best price.

  • Skynard

    That 100 daily is your best friend:)

  • http://dartht.blogspot.com/ Evil_Gerb

    bwahaha.
    you realize if the headlines read “Fiscal Cliff Resolved”….we’ll be at 150, eh?

  • Skynard

    If they jam this thing at open that is the best time for sure, could see 146:)

  • http://dartht.blogspot.com/ Evil_Gerb

    ‘they’, you know CScott frowns on they.but watch AUD/JPY,  billions of currency coming into a 22month T blow off can create results. ;-)

  • Skynard

    That does not matter, quit reading that shit. Your account will thank you, mine has:)

    Couldn’t even tell you anything about the “fiscal cliff” except for the one that will start very shortly on the equities front.

  • http://dartht.blogspot.com/ Evil_Gerb

    calm down, calm down, it was sarcasm.
    I only follow the tape.

  • Skynard

    Lol, so was I:)

  • http://dartht.blogspot.com/ Evil_Gerb

    ..not a creature was stirring not even a Mouse Gerbil.

    Got my subscription Mag today:
    http://s13.postimage.org/8vyfkhk1h/xmas_edge.png

    -G_Night

  • AmazingLarry

    Fuckin tight! I want the first print (get it “print”?!?). 

    I see Mr VIX did a nice little peekaboo over the upper BB today before it was told to go back to where it belongs – ie toward 0 where everything is fine and fixed forever. ;)

  • Skynard

    Double top AUDJPY, got some nitro handy:)

    Edit: Hit my target, not shorting yet!

  • Microwave_Prince

    Think I’ll buy some OTM calls tomorrow. They aren’t gonna let this market drop without one last epic squeeze.

  • itcomesupinwaves

     Why was 88.63 your target?

  • Skynard

    It is a double top, that was the last high on that chart.

  • itcomesupinwaves

     Well the gap up on sunday was a good opportunity

  • Skynard

    Have to wait and for the re-test. That gives you a good position for your stop:)

  • Skynard

    Hourly

  • Skynard

    /NKD about to make a new high.

  • itcomesupinwaves

    Kind of a nice pin bar.  Yesterday was an NR7/ID and we have broke the low AND high.. figures.

  • Skynard

    Yes, indeed. Waiting to pounce unsuspecting like:)

  • orderbook

    EURUSD orderbook for 18 Dec 2012
    $1.3300 Medium offers 
    $1.3280/85 Medium offers 
    $1.3240/50 Medium offers 
    $1.3230 Stops 
    $1.3205 Stops, medium offers 
    $1.3200 Option barrier 
    $1.3190 Offers
    $1.3177 Intraday high Asia 
    $1.3158 Intraday low Asia 
    $1.3140 Stops 
    $1.3120 Strong demand 
    $1.3100 Medium demand on approach 
    $1.3085/80 Medium demand 
    $1.3070/60 Strong demand/$1.3066 Friday Dec14 low
    Source: tnifeed

  • Microwave_Prince

    Huge bear flag on GBP/USD. I think it would be lucky to hit that upper trend line.

  • itcomesupinwaves

     LOL

  • http://iberianviews.blogspot.com/ catracho

    looks more like a symmetrical triangle,,so 50/50 chance of breaking down or up..dollar looking weak so maybe up FIRST before falling?

  • newbfxtrader

    BOE is rethinking QE whereas the Fed is promising unlimited QE. Most likely breaks up.

  • itcomesupinwaves

    AUDUSD looking very boring at moving support..

  • AMCabrera

    Haha! Currencies  – for the PROS only stay away. 

  • AMCabrera

    well it will be tough to say. If eur/gbp starts to fall the eur/usd may suffer more than the gbp/usd. But I would not say that the gbp/usd is immune to a sharp sell-off at these levels. Especially if 1.6290 is reached.

  • AMCabrera

    take a look at the day chart. Interesting little pennant forming

  • newbfxtrader

    Its an inside day if you didnt notice. lets see which way it breaks.

  • newbfxtrader

    From these levels definitely. On the resolution of that “bear flag” I think it breaks upwards.

  • AMCabrera

    ok now we just need nzd/usd short to start cashing in now. I will hold until and continue pounding once it gathers momo.

  • AMCabrera

    4 hour chart for nzd with the 25sma and 200sma is just beautiful to me. 

  • newbfxtrader

    Inside day on kiwi too breaking to the downside.

  • Skynard

    AAPL making a move pre-market @ 527 now.

  • Skynard

    Laoded up /ES on the run @ 30.5:)

  • http://evilspeculator.com molecool

    Hey, did anyone here grab NG yesterday?

  • Microwave_Prince

    Oil continues to outperform the S&P.

  • http://evilspeculator.com molecool

    Subs – please check your email.

  • http://evilspeculator.com molecool

    I guess nobody – why do I bother again?

  • Schwerepunkt

    It’s a busy time of year. I was out all day yesterday. Just catching up now.

  • http://evilspeculator.com molecool

    It is extremely frustrating to repeatedly post setups that nobody seems to be taking. I wonder why people subscribe if they ignore the setups. If I had a lousy track record – well, I’d understand but I think my hit ratio is well above average.

  • http://evilspeculator.com molecool

    This was happening already ahead of the holidays – months ago. I keep putting up great setups and I can tell that very few take them. What is it with this crew lately?

  • http://www.facebook.com/STOCKTRADER74 Ralph Scotti

    ,

  • http://www.facebook.com/STOCKTRADER74 Ralph Scotti

    Mole, I been following u for a long time and your the BEST..

  • http://evilspeculator.com molecool

    Off topic but worthwhile watching over the holidays.

    http://www.youtube.com/watch?v=JkIJJHAdA6A

  • captainboom

    To quote my dad: “So many women, so little time.”  I can’t trade them all, but I trade some.  I just don’t usually post when I trade, as I don’t feel it’s necessary.  This site is the best on the net, and I don’t want to clutter it up with blah, blah, blah.

    For those trades that I don’t take, I try to track them and learn, as I can always learn something.  Therefore, even if your setup isn’t taken, it’s still a learning experience – and has value.

  • ronebadger

    I shoulda bought 30 year bonds, 32 years ago…..who knew?  I shoulda…

  • Skynard

    Took that trade boss, failed on 2 attempts and am now long:)

  • 1UnBiased

    All you lerkers out there see that little button that says like(it changes to liked after you click). Please click it if you agree with the above comment. Also there is a like button above the “Add new comments” above.

  • ronebadger

    VXN – yesterday was STEP TWO of a NDX Buy Signal

  • Snueffel

    LONG time sub here. Specially created this account for telling you this:

    Although I take just a few setups (lack of time), I absolutely appreciate your hard work. I think I can speak for a lot of people, when I say it’s one of the best & serious sites about trading SUCCESSFUL. Through the years I learned so much! Ich danke Dir =) Best regards form germany!

  • Joe_Jones

    Thanks Mole

  • Schwerepunkt

    I hate vids like that. It is more than frightening. It has a pathological impact on my psyche. “There is no refuge.” So, what’s a guy to do? [buy some shiny metal from shysters?]

  • http://ibergamot.blogspot.com/ i Bergamot

     “Who is John Galt?”
    Stop, get to work !

  • ridingwaves

    I stepped in front of that trade on Friday close to the turn…up nicely…thanks for all your hard work

  • Schwerepunkt

    “Ayn” Kleine Nacht Musik . . . 

  • Schwerepunkt

    Seems 1430 is still influencing the markets . . . 

  • Skynard

    Looked like a buy at the signal line:) RUT with an early lead.

  • http://dartht.blogspot.com/ Evil_Gerb

    well, is gold gunna sell off or not?

  • newbfxtrader

    yes.

  • Skynard

    /LBS playing out nicely:)

  • ridingwaves

    ARNA rec’d DEA from FDA to move forward with weight loss drug…they will now own market…might be last time you see it under 10…when approved by fda their was 4% institutional ownership..now well over 40%…this will be a 2013 star…
    http://s9.postimage.org/yerjvjqfz/arna_today.jpg

  • http://dartht.blogspot.com/ Evil_Gerb

    can’t disagree.  but that gap between 4 & 5, would make me dam nervous…. just sayin.

  • AMCabrera
  • http://dartht.blogspot.com/ Evil_Gerb

    for a sec I thought you said pegging

  • newbfxtrader

    Long or short? Looks like a good divergence on the daily. Toppy.

  • newbfxtrader

    Same thing. Mark a line and the stock market will hit it!

  • http://dartht.blogspot.com/ Evil_Gerb

    yep.  I need to stop starring.
    that low looks familiar
    http://www.journeymart.com/de/region-maps/indian-subcontinent-map.gif

  • Skynard

    Short now /ES, for a few reasons:)

  • http://dartht.blogspot.com/ Evil_Gerb

    10 & 20 Years selling (TLT/IEF)

  • Skynard

    Closing calls on the strength.

  • http://www.facebook.com/profile.php?id=100001131611045 Exar Kun

    That’s quite a few mole arrows…

  • newbfxtrader

    Well played!

  • http://dartht.blogspot.com/ Evil_Gerb
  • AMCabrera

    usd/chf what a poor little fella but I guess the other head eur/usd is loving it. Very interesting even the order books are mirror images.

  • AMCabrera

    yep quarter lot short eur/usd and quarter lot long usd/chf.

  • Skynard

    In SPY puts & FAZ for the day:) SPX 1440 volume hole should pose some resistance.

  • http://dartht.blogspot.com/ Evil_Gerb

    but FAZ has room to run ($14.71 on the BB lower 100, Daily)

  • Skynard

    TDA compiled with 5 min div:)

  • Skynard

    Playing OPX shinanigans for a short play through tomorrow then ramp through Fri. We are at strong resistance now:)

  • Pervergence

    Hi Ho silver…..short at 25 hr…..lost 100day too

  • Skynard

    Extreme reading on the hourly:)

  • AMCabrera

    lol this is getting funny.

  • http://dartht.blogspot.com/ Evil_Gerb

    Holly shiite.  I go to the kitchen for 10 minutes, and the bottom drops out.?
    (gold, that is)

  • newbfxtrader

    What did I tell you?!

  • Skynard

    Yep, playing their game, lets what happens! Heheheh:)

  • http://ibergamot.blogspot.com/ i Bergamot

    AAA said that today will be the last full working day before Xmas. People will start taking off tomorrow. If it is we will see it in lower volumes. How do you roll ES contract without volume?
    Santa is all thumbs, covered in coal dust

  • AMCabrera

    I stepped out of gbp/jpy yesterday walk into eur/usd and usd/chf which both looks ridiculous and boom negative in both. Well at least this is my very first try at shorting eur/usd or long usd/chf so no biggie YET.

  • Pervergence

    Half off silver short…….

  • http://dartht.blogspot.com/ Evil_Gerb

    you said Yes.
    I’m hedged, just not as heavy as I would like. ;-)

  • AMCabrera

    gold was screwed a while ago but damn the dollar too?!

  • http://dartht.blogspot.com/ Evil_Gerb
  • newbfxtrader

    Still early. It didnt go up last week. That was your warning. Public opinion is waning but not reached bottom yet.

  • Skynard

    Hourly showing allot of particapation.

  • http://iberianviews.blogspot.com/ catracho

    Transports breaking out after LONG sideways/down consolidation

  • http://dartht.blogspot.com/ Evil_Gerb

    see the little blue line?
    Muwahaha.  yesterday was my warning.  it was flat for hoooours.

    http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=1&mn=0&dy=0&id=p21505352136

  • AMCabrera

    I like her thighs..but no really this is getting silly I have waited for eur/usd and usd/chf like a good kid and I get nothing.

  • AMCabrera

    Oh and of course to add insult to injury eur/aud which IM NOt in is rocking..the only thing that looks great is my nzd/usd short at .8450 but it has to go down pretty hard to offset losses.

  • ridingwaves

    Ruh oh….Fearless 1550 now in sights..

  • http://dartht.blogspot.com/ Evil_Gerb

    pair envy

  • Pervergence

    Full short ES

  • http://dartht.blogspot.com/ Evil_Gerb

    when did Fearless claim 1550?
    blast it, he’s always stealing my IDEAS.
    ;-D

    http://evilspeculator.com/?p=31658#comment-694337618

  • Skynard

    Long the /DX and JPY now.

  • MrMargin
  • http://dartht.blogspot.com/ Evil_Gerb

    GLD 162.21 – a pivot point for November.

  • Skynard

    There goes the hourly:)

  • orderbook

    And thats why you trade the insti orderbooks. EURUSD had a huge bid at 1.3150/3160 which is where the pair took off. It has now stalled exactly where the insti sell order stood. Am not sure how much you get off the sell off, but still got 10 pips. More sells at 1.3240. 

    Similar story on GBPUSD. The buys at 1.6190 were large and took the pair to 1.6270. 
    “Insti” Orderbook is absolutely critical and lead into what is happening. All the SMAs and the BB are all susceptible to whipsaws and consistent stop outs. Sometimes you make money and sometimes you lose. If you maintaIn your sanity, you may continue to make some money. In my vioew get a subscription to citfx wires and rarely will you be out of money on a pair..

  • Pervergence

    l SI for hopefully a retest of 25 hr…..

  • Skynard

    Adding /LBS short on some strength:)

  • Wave_Surfer

    That was a bit of a dump on silver with volume.
    Trying to decide if I think the move was a kick off of a more sustained move down or short term capitulation.

  • AMCabrera

    http://content.screencast.com/users/AMCabrera/folders/Jing/media/a38708ff-5385-4bd3-b508-b12ce9258d33/2012-12-18_1218.png
    I do use orderbook flow with TA. I just went short the eur/usd just a little while ago. 

  • orderbook

    1.325 is where I will go but even then wait for Asia tmrw. If I miss then I wait for 1.3180 to go long. The offer at 1.323 is not a deep one and I doubt if it will hold a low volume move like this esp when ES has broken out 1440

  • Skynard

    That div on the hourly should play out nicely tomorrow. Here is your re-test:)

  • Pervergence

    There’s not much but air below…….I rode it down from the 25hr….then long the bounce…..now short again…….

  • Skynard

    Whoa, holy crap!

  • ronebadger

    “Probably not a trend day”

  • Pervergence

    Glad I flipped that es short when the vwap test stalled

  • badflightrisk

    You might be early with FAZ.  Financials looking strong

  • http://dartht.blogspot.com/ Evil_Gerb
  • http://dartht.blogspot.com/ Evil_Gerb

    AUD/JPY approaching neckline highs.

  • Skynard

    Ok, Ok, that’s the 25 on the daily. See where we go.

  • http://www.facebook.com/profile.php?id=100001131611045 Exar Kun

    Zero hits 2.0 +

  • Skynard

    Look at the hourly again, unreal. Think this implies exhaustion:)

  • Skynard

    Full short the /ES now:)

  • http://dartht.blogspot.com/ Evil_Gerb

    {pounce}

  • Pervergence

    Same here……and SI

  • AmazingLarry

    LOL, those are “rock star” quotes, too. 

  • BobbyLow

    Still have 5 Pairs and they are all growing nicely.     And Oil doing pretty good too.  

    Latest change to using larger Forex stops after entry and attempting to hold longer appear to be working at least for now.  

    Is this the long awaited Santa Rally?   What’s the reason given for today’s move?  Only kidding.  I really don’t want to know.  :)

  • http://dartht.blogspot.com/ Evil_Gerb

    your really should put that in your icon banner.

  • Pervergence

    Also have been short beans corn and wheat

  • http://www.facebook.com/profile.php?id=100001131611045 Exar Kun

    I am short as well, but if this is a trend day, then all indicators are off. Any dudes know of any website to check up trend days? Tks!

  • Pervergence

    Starting to look more like a bull flag than a pullback here……

  • Schwerepunkt

    Short cluster f**k

  • Pervergence

    SI keeps knocking at that daily lod

  • Skynard

    Did you get the alert?

  • http://www.facebook.com/profile.php?id=100001131611045 Exar Kun

     Yep! But I recall a helpful dude here put up a pic showing the ticks and trend day stuff, but i did not ask where he got it from.

  • BobbyLow

    EUR/JPY came with in 3 Pips of 52 Week High and is above both Upper Bands.   Might have to start thinking about taking profits here.  This is in conflict with my using wider stops but this is also an extreme move that is giving me a nice quandary over what to do.  

  • Pervergence

    Short SI and ES

  • http://evilspeculator.com molecool

    Dude, it’s just a 45 min assessment. Doesn’t mean the market cannot take off. We have to define what a TREND DAY is, folks. It’s when you get 90% of positive ticks in the first 45 minutes (or hour – however you measure it). That suggests that the tape will fly higher. Now, NOT getting that signal does not mean that market won’t run later in the day.

  • http://evilspeculator.com molecool

    Since some of you guys are STILL confused about the meaning of a trend day:

    It is only a signal based on a 45 min assessment. Doesn’t mean the market cannot take off. We have to remember what a TREND DAY is, folks. There is a difference between a trend day signal and a market that is trending in general. The former you get when you see 90% of positive ticks in the first 45 minutes (or hour – however you measure it). That suggests that the tape will fly higher. Now, NOT getting that signal does not mean that market won’t run later in the day.

    Are we clear?

  • Skynard

    Anticipating the ZL generating a wedge here.

  • ronebadger

    Yes Mole, I DO take all the trend day alerts with a grain of salt…anything can happen…and often does.  You know I was just being silly, just so I could get a smile & raise an eyebrow.  (There’s a lot of silliness on this board sometimes)

  • Skynard

    Ya, TOS sucks for that!

  • ridingwaves

    not half as much silliness as displayed in congress daily….peak stupidity is definitely a trend decade there

  • http://evilspeculator.com molecool

    ¤ø„¸¸„ø¤º°¨¤ø„¸¸„ø¤º°¨ 
    ¨°º¤ø„¸  N E W  „ø¤º°¨ 
    ¸„ø¤º°¨ P O S T “°º¤ø„¸
    ¸„ø¤º°¨¤ø„¸¸„ø¤º°º¤ø„¸

    Wear a coat!

  • http://evilspeculator.com molecool

    No, the trend day signals should be paid attention to. But I expect everyone to understand that it is only a signal and that we can higher without one.

  • Skynard

    Hello VWAP:)

  • itcomesupinwaves

     Definitely more longs entering AUD in the past couple days, may be the weakest of the majors atleast short term.

  • itcomesupinwaves

    Indeed.. Wouldn’t be surprised if it’s down.

  • AMCabrera

    http://www.youtube.com/watch?v=WJTiXoMCppw
    http://content.screencast.com/users/AMCabrera/folders/Jing/media/455fcdda-8ab1-4c9e-b4c8-5c31ea3f7c1c/2012-12-18_1550.png
     how I have waited. Finally! going adding another quarter lot long. usd/chf. this has to be very bad news for eur/usd longs.





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