Tradefair & Financials
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I'm placing my bets today friday 29th jan that the current correction will end after todays session.In now for 30/40% and will go in for another 30/40% on the upturn.Last 20/40% after uptrend confirmed.
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Replies: 42
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Mr Ben
I hope you dont disappear off the forum like Debt Regret!!. Good luck to you ! |
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check those dow futures baby-here comes the upturn!!!
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get on now for the next train to up 500 points!!!!
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Only 500 points!?!?!?
What, have you turned into a pessimist???? Muppit |
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Menelaus
The apple does not fall far from the tree my friend!! |
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lolol menammaus. theres the first hundred, four hundred more to go.Im in for the next 30% today.Too lovely.!!
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numbers- was long 80 futures contracts and now in for another 60.long gold, long rio tinto long two banks.longggggggggggggg.
I know 90% of you lemmings diidnt get on.Too busy letting the media tell you what to do.But I do hope some of my true believers here have followed me in. This is a short term trade get in ,take a nice profit and get out.Good luck to the courageous. |
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was in on oil two days ago caught lovely breakout, just sold out with good profit, will prob look to go back in if we get a good Fib retracement an if conditions look right again
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chisel 02 Feb 09:31
The apple does not fall far from the tree my friend!! You been chatting to Isaac Newton as he had a thing about apples falling from tree's , also poor old Isaac lost a big wedge in the 'South sea bubble' of the early 1700's that bubble has big similarites to the property bubble that you got sucked into :) |
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I think were in for another break to the downside
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correction over?,hard to say,i i do feel we will see 11200 on the dow within 9 months,although it wont be straight line.
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10,000 here we come!
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MrBen, where's your stop loss?
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He doesnt need a stop loss! Mr Ben has made so much money recently that he needs a dustbin lorry to collect it for him!!
Mr B , you know that there will be some on here wanting you to fail! |
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Biodiesel 03 Feb 19:22
I think were in for another break to the downside Another accurate call by Bio Went short oil last night after being long two days previous, yeeehaaaaa!! |
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He doesnt need a stop loss! Mr Ben has made so much money recently that he needs a dustbin lorry to collect it for him!!
Mr B , you know that there will be some on here wanting you to fail! I hope you're not referring to me. I have no wish to see him fail - I just wondered what sort of stop loss he would set, given that he was after a 300-400 point gain. I was interested to see him taking such a confident long position at a time when I have my overall position skewed short, following Obama's anti-bank comments a couple of weeks ago. |
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whoa!!1 what a night.These days I trade with a stop loss As the market moves up I move those stop losses up.After the two big up days was stopped out last night with a small 1033 profit.I was sitting on 10 times that when I went to bed.
Those on the downside must be happy today! I'm now moving back to the sidelines after this luck escape.Or should I pile into the downside? No the sidelines for me. |
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mrben you always seem to judge things right ,your either very lucky or very brilliant. myself i still see the dow at 11200 before year end although i i'll get worried if the dow goes below 9200 which i dont think it will.
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Good trade MrBen - shows the value of trailing stop losses
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It looks like being a very jittery day today - non-farms out at 1.30 too!
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Contrarian
Of course not! Personally I feel teh market will move higher, but all teh good news regarding US GDP etc seems to be undermned by excuses, high unemployment, bank lending etc. Obamas bank reform ws a shock, and teh timing odd! Why did Obama decide to roll out hos plans when the economy is still stuttering. Why not wait for banks to be in a stronger position before announcing it? Anything that slows teh recovery is very bad news, but good news for those that want interets rates to stay low for tehforseeable future.. |
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yes contraian, i never used to use trailing stop lossses but I do now.Got wiped out a few times when I didnt.Now trading way bigger posi's so I use them.It also allow me to go to bed and not have to worry.
Im thinking its better not to have an opinion at the moment, just go with the prevailing trend volatility is huge this week.Look at the euro the last few sessions.To be honest I think if your trading these markets and not using stop losses-its suicicidal. |
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You don't need stop-losses if you are on the right side of the trade.
You got your scalp handed to you on a platter, you can sugar coat it all you want, but your call "the correction is over" was so far off the mark it was like broadcasting to the world "hey, look, I'm a complete fool". Be a man and own up to it. Like chisel said, do us all a favour and stop contaminating the forum with your drivel. |
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You don't need stop-losses if you are on the right side of the trade
What about if you're on the wrong side? |
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Good to see that Menelaus is his usual self of all brightness and light.
Mr ben if you can somehow see through and ignore the obvious extreme personal bitterness contained within Menelaus' posts, then do try to heed the warning in his last one. You're obviously an accident waiting to happen. You are currently dodging bullets right and left, but soon one will inevitably get you right in the middle of your forehead. Enjoy your current apparently nightly moments of fun and excitement, because in the the end it's probably all you're going to end up with, if you ( and your broker) are lucky. This is not a big game, though you obviously seem to think so. Just be more careful please, and stop the idiotic extreme position taking. Nothing is ever that black or white. Also don't let the rudeness of Menelaus goad you into doing something stupid just to try to prove him wrong or something pointless like that. His type are just not worth it. |
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The Trend is your Friend.
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OLD HEAD 05 Feb 09:03
mrben you always seem to judge things right ,your either very lucky or very brilliant. myself i still see the dow at 11200 before year end although i i'll get worried if the dow goes below 9200 which i dont think it will. How the hell can u come out with a statement like that!! Goin looking to go long again, markets in panic mode |
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Hi botty, nice to hear your thoughts again. Don't worry I dont take melanus seriously, I doubt if anyone here does.No opinions or thoughts of his own but only interested in jumping on the throat of anyone who doesnt get it right and never saying well done to those who do.I feel sorry for his kids.An obvious dikhead.
I know you consider me reckless , but botty, baby, its the only way to make any real money.Scalping is a waste of time.You gotta take in the likely scenario look for things to line up and get in BEFORE it becomes glaringly obvious.You can't make any $$$$ waiting for all the lights to go green before you move.I was correct in my call but it was just for 2 days, had it lasted for another 2 days in big up I would have cleaerd over 50k,it didnt so I bailed. Actually I have to thank you botty, had it not been for you constant harranging I probably would not have used stop losses as I do now.You say its not a game-its is a game, it is absolutly a game!!! As you know I love curriencies watch this for 2 weeks.Watch the euro before the european markets open.It will be pushed say up before the open, as soon as stocks open it had amedium to big bar down.If it goes down before the open there will be a medium to big bar up on the open.Of course it doesnt happen EVERY session, that would be too obviousBut it happens a lot.I've been pulling out 700-1400 $ a week following this simple method.Its a game. Usa job numbers friday night- easy money, euro, jpy and aud are all pushed in the opposite direction prior to realease of the numbers. the you see either a huge fall or a huge rise in say the euro, after a few minutes the thing reverses.Check the chart on a 15 minute bar and you will see what I mean.This happens everytime.I set buy/sell points over a 150 pip range 5 mins b4 release.Yesterday I made just shy of 4000$ but the last time when there was a bigger move I netted 7k.Its a game botty. OLD HEAD thinks dow 11200 by year end , however BIODESIAL has said the market is in panic.BIO is merely extrapolating todays moves.Its is more likely that oldhead proves to be correct.A year ago the dow was 7200, today 10,000.If the market has a big down leg it becomes a buy , not a sell.The key is to wait till it starts to go up, give away the first 2/300 points.Its a game-keep playing. |
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Mr ben
I like the sound of your short term trading strategies much more than your overnight ( and longer) position taking strategies. Stick to the former and cut out the latter I would suggest. Btw the little Aussie battler took quite a dive after you got out. You were a bit too close to the edge of that precipice for comfort methinks. All the best. ( I think Menelaus might in fact be menapausal - you know mid-age and all that stuff ) |
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Mr Ben
you should know that to make long term predictions can make the smartest of people look foolish, it may be 11200 it also may be 13000 or 9000, but to be honest I dont realy care where it will end up. I will move an trade with the breakout trend, u trade similar style as me, we dont get in till the move is confirmed. I creamed oil up and down this week, waiting for more of these,more panic the better I wish u the best but its a little dangerous to be making even short to medium trends never mind long term, I know its looking for forum kudos an how bad its what drives u to pull off the killer trade.Good motivation!! Ur a bit like me mr Ben wer advocates of price behaviour if it doesnt look like what it is u should just get out. When I say their was market panic it means nothing to me its hopefully just another good buying op, bought a little in the middle of it and the indicators are pointing up even tho Iam in a tad too early it may be going the right way, wel see monday for confirmation. |
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Biodiesel shrewd man imo.
Dont buck the trend,wait for confirmation.. Less is More. |
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i mostly hold for the long term,mr ben is an in and out mercant ,and while he's very good at what he does its not for me,the market needed to move down,it may go down further,but unless there's a real dragon in the cupboard the upward move will resume.all stocks i now hold pay good safe divs. for the moment (while tempted) i'll stay away from the rbs tw. and the like.by thje way 11200 is a number that you should remember as it will be visited more than once.
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Ooooh, I get it, the market will go up unless it doesn't.
(The YLB/Mrben exchanges are funnier than an a Monty Python skit, but then again I should expect that from two clowns) (YLB resurfaces on this forum with the same frequency as a Spanish**roach, is there any chance that............eeeer, never mind.......I think I know the answer already) |
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Cheers kohaku, I had to learn the hard way, the school of hard knocks!!
"mistakes are the portal of discovery" James Joyce |
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Sorry M.
You've lost me there. Anyway good to know that I'm still getting under your skin. There is a God after all. |
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In 6 months, you and your family will be looking for food in dumpsters and YOU think you are getting under my skin. You truly are a Clown.
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Thats the second time that the open minded, highly informed, intrenationalist Mr ben has sugested expeleing some-one who dsiagrees with him form "his thread".
IMO a great example of some-one knows he cannot win this argument. Saying China is over is bad enough, saying that the chinese have always lived in mud huts is worse. I bet he does not know that the chinese have wiped the floor with us in trade mant times in the past. Porcelain is one example. |
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Thats the second time that the open minded, highly informed, intrenationalist Mr ben has sugested expeleing some-one who dsiagrees with him form "his thread".
IMO a great example of some-one knows he cannot win this argument. Saying China is over is bad enough, saying that the chinese have always lived in mud huts is worse. I bet he does not know that the chinese have wiped the floor with us in trade mant times in the past. Porcelain is one example. |
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Thats the second time that the open minded, highly informed, intrenationalist Mr ben has sugested expeleing some-one who dsiagrees with him form "his thread".
IMO a great example of some-one knows he cannot win this argument. Saying China is over is bad enough, saying that the chinese have always lived in mud huts is worse. I bet he does not know that the chinese have wiped the floor with us in trade mant times in the past. Porcelain is one example. |