ER2 has topped?

Discussion in 'Index Futures' started by polpolik, Jan 27, 2006.

  1. dealer

    dealer

    "dare" ? what are we, pimple faced adolescents?

    Look, I'm trading what I (think) I see. It's a small position which gives me the flexibility to add as we move higher. I have many other positions across fixed income, money-market, equity and forex. So on this non-quant ER2 trade I am risking no more than proverbial lunch money. But if it goes according to plan it will buy a good steak dinner.

    I am very relaxed about shorting ER2 here. Monthly chart of R2k cash attached. I think the top of this channel will contain the current bull move. Initial target is 740, but even a correction to the 700 area would leave the bullish trend intact.

    Constructive, non-emotional comments welcomed.
     
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    #291     May 5, 2006
  2. And lets face it, this clown is jumping up and down because he called heads in a two horse race
     
    #292     May 5, 2006
  3. good analysis dealer. but i have to agree with stktrder on that one....the market is going up , and we' will reach the 800 level
    pretty soon. I was expecting tht last month. the reason why i'm bullish? check my chart below. But that what i love about this job. 2 different views , but the market will decide who's right.

    good trading to you all.

    P.S. FOR tomorrow

    LONG @ 777.00 TARG: LET IT RUN

    STP : 775.00 (or WHATEVER YOU LIKE)

    if the market goes below 776.00( pp)..wait till it come back to go long

    ----------------------------------------------

    SHORT @ 769.6 TARG1: 767.5
    TARG2: 766.1

    STP: 771.8
    (i don't think i'll be using this short)



    good trading to you all
    :D
     
    #293     May 5, 2006
  4. stktrdr

    stktrdr

    ER2 testing new highs....
     
    #294     May 5, 2006
  5. hehe,,,

    are we there yet???

    we need more "top" threads
     
    #295     May 5, 2006
  6. dealer

    dealer

    Sold another tranche (1/3rd of total) at 785.50
     
    #296     May 5, 2006
  7. stktrdr

    stktrdr

    I just don't understand how a trader can sell into a strong rally in record territory. You must have balls of steel....

    Yes, I am a wimp. I prefer to make money the EASY way!

    BUY, BUY, BUY!
     
    #297     May 5, 2006
  8. Quote from stktrdr:

    I just don't understand how a trader can sell into a strong rally in record territory. You must have balls of steel....

    Yes, I am a wimp. I prefer to make money the EASY way!


    Stk,

    I can agree with you in part. Consider the futures traders though, isn't there a buyer for every seller, and a seller for every buyer? So, in essence at some point some will sell the top, while some will buy it.

    I understand your view though, you would rather see the market get weak, and breakdown, then begin selling. Instead of trying to pick the top and sell there into the strength.

    That's what makes a market. One may be early and suffer a little, while another may be later and not suffer as much.

    Good Day and Good Trading to You!

    Kelly
     
    #298     May 5, 2006
  9. stktrdr

    stktrdr

    YES, YES, YES!
     
    #299     May 5, 2006
  10. The whole excitable caps thing is the complete opposite of a professional trader. They are robots, no emotion, no predictions, and no ego.
     
    #300     May 5, 2006