Anybody else grab that short-term short?

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If you only knew which two!! "I'll take fifty lots..."

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Yeah...it will have trouble there...until it doesn't. Given the consolidation period, if it breaches, the initial move will likely be explosive. But, break to the downside also just a possible (short term here) due to the consolidation.

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What is it they say about broken watches??? Just messing with you....

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Yep. He's right. Oh, wait....now he's not. Ok...now he's right again. Wait... Zeko - it's all in what timeframe you trade.

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Indeed - quite beautiful. I don't like the look of the recent pinbar, though...momentum of the market is also stagnating. Also, given that we are heading into the "lunch lull", we may be looking at some drift....we'll see.

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Took a partial profit at 1.4950. Now let's see if price can find some support and continue upward....

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Long at the moment Driver - but I trade the 5M. Already have my stops at BE+profit.

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If you're looking at the 1M...you should notice that price is now consolidating in a triangular pattern. It also has bias to the upside. After the deepest low, we're seeing a successive pattern of higher lows. I would wait until either we see an ...

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Yeah, I'm not taking that position, currently. Just took the rest of my profits off the table....

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True. A close on the daily below yesterdays low will give the Bears a giant woody....(to quote Jay's earlier phrase). We'll see.

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Wise given the fact the downtrend appears to be losing momentum. I've taken a partial profit and moved to BE until what's what is clear....

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I wouldn't say that quite yet. If the recent low gets taken out, charts are lining up for this to be quite the bear session. But, if we continue to see hesitation here (I'm looking at the 5M), back up we go....

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I suspect you're referring to the flow...

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Indeed - fair enough. Good trades, all..

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Generally speaking. But I think alot of people have trouble figuring out when a profit run is over....it's too easy for them from a psychological perspective to talk themselves in to thinking that the market is going to turn back their way. Alot of ...

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I think where alot of people are stumbling is trying to obtain long-term type results out of what should be short-term shorts. For example, I traded both long and short today...but I trade the 5M, and will jump down to 1M in consolidation. When ...

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Because I'm making so much money doing it!!!! Why play one side when you can play them both? Then again, instead of focusing on the higher timeframes, I play the 1M and 5M.....

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Man. This is likely to be the greatest pump and dump of all time....

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Partial profit taken on a 5M short-term long. Stop at BE+....let's see where this game of musical chairs stops.

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