No need to step up ...bulls will do it all on their own...not making any prediction just pointing out few things to watch...Anglo at major resistance...BHP similar resistance and may be forming double top. Ftse has terminating diagonal which has retested the breakout. Mone of these things are in any way signals to go short or have confirmed....merely things to watch. In any case US data at15h30 and 17h00 will dominate.
No Simon...what i mean is that the bulls will possibly look at taking some profit...i.e. they sell and drive the price down. This may or may not get the bears interested. Teminating diagonals are the simplest things around and (in my expereince) some of the most reliable tradeable starctures. Anything below 480 (for me) would mean the bears have gotten interested.
Skaap then you have obviously not be trading for very long...because if you had you would know that 200 -400 point moves in minutes are possible and that the direction forward can very often be determined by these moves.
I challenge you to show me a trading strategy that is able to consistently deliver results from the release of US data. 5 examples of a successful strategy delivering the goods. The moves are so extreme, that the risk reward ratio is extremely difficult to capture. As for change in direction and market sentiment? Well I challenge you to show me 5 good examples of where that has happened too.
Nah, I'm good. Avg 30484 with ALMI, so not hurting yet. I dump some when it drops, then load up again when it rises. Smarter would have been to just buy the dips since I expected it to rise, but allow me to justify my position please :)
im just an oppertunist wat ever made you think im only ever a bull...? Re:Once again it will be time for the bulls to step up to the plate... by Electrox on 02 Feb 16:15 talking about shorts the whole day i see.. i would only start now.. Re:Once again it will be time for the bulls to step up to the plate... by Electrox on 02 Feb 16:17 thought i'd give u a "tip" since you said we'll talk today