Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Thursday, November 5, 2009

5 of 5 punting fast money lunch Douchbags


say .... "I'm too chicken to be short" or I want to be long....."
Tony asked about a short entry. on my 5 min retest.... I sugested that the entry is below the swing low, or we switch to the 1 min, and look for a downswing and a failed upswing

4 comments:

Tony said...

Thanks. I did get a higher risk entry and I'm short. My RSS is slow, but I got some BGZ at 14:00hrs at 20.51. Stop is 20.36. I don't have strong conviction on this.

Eric said...

Looks like the UUP is above the Vic2b again, but I can't figure out why!

that should embolden you... assuming..

I'm not sure what the fuck is going on

Tony said...

UUP, what's going on?

Eric said...

$23 UUP

Dollar euro, not at a new low

dollar yen, not at a new low

I'm not sure what currency vs. the dollar is weak.

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