Forex Futures Forum Archive for 07/23/2009

kl kl 19:57 GMT July 23, 2009
ok covering all 9054...happy now wait for Bear pain rally to above 9080 and Bear like me cut Bull and games for Dinner...ninja back to ninja mode...no more fancy stuff of keep for hours...take the money run and fight again relentlessly at Zone!! ...this is it...this is a blow off...attack and short!!...also cover FTSE 4565...reshort same levels

GVI Forex john 19:40 GMT July 23, 2009

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kl kl 19:22 GMT July 23, 2009
Ok I am in short DOW 9094...let fight now will take the 20-30 pip on offer and keep reshorting above 9080....this is for 3 months...LOL...also FTSE short 4576 and asx200 4146... I like ninja. Dow should close near 905-...imvho...but may rally a few time above 9080 and back...relentless selling then for me at these levels

crude up but not gold ...is indices lying....PPT dragging out the DOW as far away from big hole as possible...this is a powerful rally...and short is still better than long with stops of course and remember +1 better than -1...in this Bull day!!

makassar alimin 17:46 GMT July 23, 2009 Reply   
time to get some pullback maybe short dji at 9080, stop 50 above, will evaluate in the morning

makassar alimin 17:24 GMT July 23, 2009 Reply   
amazing, alarm just woke me up
usdjpy hit new high! close some now at 95.18

makassar alimin 15:52 GMT July 21, 2009
in short DOW NOW: Reply
GD, i prefer playing jpy pairs for this purpose
for that I am going long now on usdjpy 93.39, stop under 92.70

makassar alimin 16:46 GMT July 23, 2009
good, quite a few sellers coming in even on FF, all good for friday's preparation, good nite everyone

London Mamun 16:05 GMT July 23, 2009
sold at 975 snp, 5253 dax, 4555 ftse and9055 dow

London Mamun 16:01 GMT July 23, 2009
still holding some short including AAPL,

makassar alimin 16:00 GMT July 23, 2009
Mamun, i am pretty relaxed here, enjoying the price dancing around, afterall I need some sellers to come in as well can't have all bulls it just doesn't work like that, it is all good friend

London Mamun 15:53 GMT July 23, 2009
Alimin.not saying about your personal acct.

saying about market,
relax

makassar alimin 15:43 GMT July 23, 2009
Mamun, it does change my bank account though ;) yes been waiting the 'this is it' but never comes, pretty happy if it finally comes and hit my stop profit...bring it on!

London Mamun 15:35 GMT July 23, 2009
Alimin
Doesn't changed anything, market may go up but bound to fall later, may be this week or next. this type of rally we seen so many time,
these all EYE WASH,
Wait to see

makassar alimin 15:20 GMT July 23, 2009
tom, that's called the cnbc effect hehehe, just sit back and relax now all positions protected
if we keep going like this, then i stick with the scenario of seeing 9300-9400 first before any pullback to 8700-8800, too early of course at this stage, let's see how it close later today and this week

manila tom 15:13 GMT July 23, 2009
suddenly it is a bit quiet here, perhaps that tells many players got caught wrongfooted, congrats to alimin, nice call indeed

makassar alimin 14:53 GMT July 23, 2009
looks like this might not be over yet, gold is still to crack 960 same with crude and euro and aussie still have that hidden potential, maybe save it for friday for another strong weekly close

makassar alimin 14:48 GMT July 23, 2009
you guys keep shorting when price says otherwise, now dji above 9k, even if we have to pullback, damage has been done
look at snp500 above 970

hong kong seek 13:50 GMT July 23, 2009
KL--hope to c 970 later this week ..gl

KL KL 12:03 GMT July 23, 2009
Alimin

I have been waiting here near 9000 on DOW and 4550 for Ftse and Gold above 970......getting tired perhaps I need to come down lower and smack the break out into a False Break...I must trap some Bulls for Dinner this weekend....Reality setting in in USA...Obama not very popular now...Cheap Talk is not working anymore..gl gt all Ninja all night...just SHORT!!

makassar alimin 11:10 GMT July 23, 2009 Reply   
ranges have been tight, it is all exciting, waiting for big breakout!

manila tom 10:29 GMT July 23, 2009 Reply   
at this level in stocks market, where is the recession? everything is just fine

GVI Forex john 09:40 GMT July 23, 2009

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Vienna GD 09:17 GMT July 23, 2009
the other side of the coin ... snippet from kitco/Fateswarning:

This is just an FYI. Ira Epstein came back from vacation today (he was a little rusty in the video tonight). I've been watching these videos every night for over a year. The embedded stochastic is a very reliable and powerful indicator. If the stochastic closes 3 consecutive days over 80 or under 20 it embeds or locks on. This means the market is building internal strength and generating momentum in the current direction...usually a fast move. Silver is a recent example.

It appears from the stochastics trajectory the Nasdaq and Dow stochastics will embed for sure tomorrow if they have not already (can't tell if it's been 3 days as Ira was gone). S&P looks like it will embed a day later.

If the main market stochs embeds which is almost for sure, all pullbacks will be bought hard back up to the top of the bollinger band... until the stochastics break back below 80.

Gold is overbought but stochastics not embedded, could go either way but I don't like the trajectory. However, the dollar stochastics look like they will embed under 20 tomorrow. We had a negative MACD crossover in the dollar about a week ago. This would obviously help gold and possibly lock in the gold stochastics. If dollar embeds, all dollar rallies will be sold back to the bottom of the bollinger band until stochs break back over 20.

The thing is you never know when the stochastics will break and the future traders will reverse and change sides of the trade.

http://iraepstein.linngroup.com/videos.html

London Mamun 08:17 GMT July 23, 2009
GD
thank you, i have seen this before.
snp bellow 963 is very important

Vienna GD 08:15 GMT July 23, 2009
that's where i have many lines coming together = multiple support and hence if selling pressure stronger there - that is at least time for a wake up call - especially since the open was very strong - and hence give further confirmation of that SPY hm pattern - not?

Vienna GD 08:11 GMT July 23, 2009
Further - what is your line in the sand for da DAX to turn bearish eventually?

I have 510x as PRETTY important.

Vienna GD 08:07 GMT July 23, 2009
Once more linked ... LINK

Do you think they will make FTSE break 5k?
And if yes - do you expect quite a BO and move north in FTSE thereafter - or more of a false BO?

Actually i think the best is to have low exposure and to wait until da boyz reveal direction of the next leg.

Vienna GD 07:55 GMT July 23, 2009 Reply   
mamun - noticed that hm candestick pattern?!http://stockcharts.com/h-sc/ui?s=spy

makassar alimin 07:32 GMT July 23, 2009
KL, or maybe just for once CNBC is right ;)

KL KL 07:07 GMT July 23, 2009
nt

When will you be in KL...I will be around near September...right now down under...choose your pick...These days the fares so cheap, i too keen to visit Taiwan , Hong Kong China...etc. ...LOL what Crisis??...But this Swine flu thing is making me think twice...sure hate to be in a confine environment when some sub-healthy person swine around...LOL

Alimin

you may be right time to Buy when CNBC says Sell....Let see if today is this is it Blow Off...nikkie up due to weak yen gold should crack 960 and I am waiting near 970 to short of course with my war chest....no more long term play for me....just short take the 10-20 pips and run..that is the way I survive and prosper. Maybe SnP tracking Gold.....LOL

makassar alimin 04:39 GMT July 23, 2009
Syd, if CNBC says that, we go the opposite, not?