Whipsaw Wednesday Wrap Up

It’s been an exciting day and I’ve got a real treat for you guys tonight. As some of you mentioned in the comment section, today’s tape simply begged to be immortalized via one of our wrap up videos. I think you’ll find this one fun but at the same time very educating. Relive what shall be know as the ‘Whipsaw Wednesday’:

I think no further comments are necessary. The tape was on cruise control right after the early morning dip. It’s been nothing but textbook ever since and to you noobs this one offers many clues as to how to survive a trip to the woodshed like today.

The future is now – so don’t bring a knife to a raygun fight. If you are interested in becoming a Zero subscriber then don’t waste time and sign up here. A Zero subscription comes with full access to all Gold posts, so you actually get double the bang for your buck.

Cheers,

This entry was posted on Wednesday, November 28th, 2012 at 5:24 pm. Both comments and pings are currently closed.



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

    wooHoo! 
    (Gerb puts on the earphones and grabs the popcorn)

  • http://evilspeculator.com molecool

    It really came out well this time – one of my better ones if I may be so bold :-)

  • almez

    I’m Long /CT if it breaches 73.15 (stop 73.16), rising 100 SMA and tight bollinger bands

  • Skynard

    Would not surprise me to see a 1400 re-test. Placing limit order at hourly NLSL (1400.75)

  • Skynard

    All Bucky could do was make the daily 25sma.

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

    up another 1.6 pts.
    whipsaws be damned!
    [BPSPX]http://stockcharts.com/h-sc/ui?s=$BPSPX&p=D&yr=0&mn=6&dy=0&id=p17317908486

  • http://thebhbgroup.com TheBHBgroup

    Beauty Boss!

  • newbfxtrader

    Got on the wrong side today. Looks like you had a great day. Nice work!

  • Joe_Jones

    AAPL’s at an important inflection point
    http://stockcharts.com/h-sc/ui?s=AAPL&p=D&b=5&g=0&id=p59857595298

     expecting some rocket move soon

  • Joe_Jones

    audjpy looks ripe. I have a short entry at 85.79.

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

    uh, won’t the 25ma on the hourly stop it act as a safety net?

  • Skynard

    You were going to long on a pullback (1380′s), was just following you:)

  • Joe_Jones

    perhaps, but I’m betting on the failure of the 60min 100sma

  • itcomesupinwaves

     Thanks for the updates.  USDCAD is a daily NR7, not an ID though.  Definitely looks like a critical level.

  • http://dartht.blogspot.com/ Darth_Gerb
  • Joe_Jones

    Morning  lads. It looks  like we’ll be revisiting the volume hole at ES 1420

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

    morning.
    did you get up on that AUD/JPY short? looks like it held most of the night.

  • fast and steady

    Any thoughts on ewj? I’m going long some puts at the open.

  • http://dartht.blogspot.com/ Darth_Gerb
  • http://evilspeculator.com molecool

    Cable exploding higher.

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

    releases in 3..2…1…

    http://finviz.com/calendar.ashx

  • AMCabrera

    well Ive decided to wake up late and glad that I did. I still have my aud/jpy position at 85.90 still short aud/usd and nzd/usd with the latter being increased with shorts by half lot.

  • AMCabrera

     taking out the nzd/usd short adding in a eur/jpy short.

  • Joe_Jones

    Morning Boss, any thoughts on today’s price action so far?

  • fast and steady

    Must.keep.from.shorting.everything.in.sight.without.a.strong.reason.

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

    I am not sure if I have gotten my winning streaks back, but I sure gotten my humor back after shorting euro at 1.2999. Took 1/2 profits and rest at break-even stops now.

  • http://evilspeculator.com molecool

    ????????????????????????????????????????­???????????????

    N   E   W    P   O  S   T  !   !    N   E   W    P   O  S   T  !   !   N   E   W    P   O  S   T  !   !

    ??????????????????????????????????????????­??????????????

  • http://evilspeculator.com molecool

    LMAO :-)

  • http://evilspeculator.com molecool

    Yes! (see my next post)

  • bdoone

    Strange e-mini action at midnite. Somebody bought 11K contracts which drove price from 1409.50 to 1414. Retraced it then moved back up rest of night. hmmm…




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