RP I will let you know But I still gonna wait for earnings on
CRM..If I miss it then so be it--Im not sitting through what I did
with MOS--But this one will drop Im confident..If I dont catch the
top then I will look to get some meat out of it someway..Well I
missed X but not really its oversold and Im lookin for a bounce to
short it
XLE gettin to my target--
DOC--Hang on we are gettin there with XLE think we get a drop
then another rally--of course setting up lots of non
confirmations--DUG below 29 revised was a good target--look at a
P&F chart on XLE--daily--interesting
Guys on DUG, remember that the DUG
triggers NEVER worked as well as the DIG buys. So again be
careful when you do these, again the system works fine, but don't
go crazy on margin. In hindsight, if you would have bought
DIG at 88 on March 26, then you would up up enough on that trade
that you wouldn't worry about DUG down 6%.
Tonight I will provide an update on DUG. I
will post the updated BPENER chart, will be interesting to see how
close it is to the 9 EMA. On a negative note, the DIG Renko
daily chart today gave a buy signal for DIG.
DUG is a countertrend trade with large headline and geopolitical
risk. DIG is a trend trade, which is therefore much less
risky. For those that are not particularly aggressive, they
may be wise to not only not use margin for DUG trades, but to limit
themselves to trading your DUG/DIG system on the DIG side
only. Inexperienced traders should be particularly leery
about using margin and countertrend trading (especially on the
short side, as is the case with DUG). That's my opinion
anyway, FWIW.
DUG CRM
Posted by arl3080 on 6th of May 2008 at 03:44 pm
RP I will let you know But I still gonna wait for earnings on CRM..If I miss it then so be it--Im not sitting through what I did with MOS--But this one will drop Im confident..If I dont catch the top then I will look to get some meat out of it someway..Well I missed X but not really its oversold and Im lookin for a bounce to short it
XLE gettin to my target--
DOC--Hang on we are gettin there with XLE think we get a drop then another rally--of course setting up lots of non confirmations--DUG below 29 revised was a good target--look at a P&F chart on XLE--daily--interesting
DUG
Posted by drorlando on 6th of May 2008 at 03:48 pm
arl: I am arl, but it hurts ya know? I know alot of people here are feeling this pain, I am hanging in there. Nice call BTW on the XLE run to 85!
XLE
Posted by arl3080 on 6th of May 2008 at 03:56 pm
DOC--thanks--Dont frett u will do well with DUG..Now it gets a bit tricky for me with XLE BUT I am gonna take a position at 85 SHORT
I missed the steel--X--but normally I would get all p--- off BUT think we will see a bounce on that
Its tough to find these trades then you gotta wait,wait etc.I generally dont have patience
So when I find one and then miss it--ANNOYING
DUG
Posted by drorlando on 6th of May 2008 at 04:03 pm
Thanks arl..al I can say after today is jeeeze! XLE is like the energizer bunny!
Guys on DUG, remember that
Posted by matt on 6th of May 2008 at 04:02 pm
Guys on DUG, remember that the DUG triggers NEVER worked as well as the DIG buys. So again be careful when you do these, again the system works fine, but don't go crazy on margin. In hindsight, if you would have bought DIG at 88 on March 26, then you would up up enough on that trade that you wouldn't worry about DUG down 6%.
Tonight I will provide an update on DUG. I will post the updated BPENER chart, will be interesting to see how close it is to the 9 EMA. On a negative note, the DIG Renko daily chart today gave a buy signal for DIG.
DUG is a countertrend trade
Posted by martin on 6th of May 2008 at 04:13 pm
DUG is a countertrend trade with large headline and geopolitical risk. DIG is a trend trade, which is therefore much less risky. For those that are not particularly aggressive, they may be wise to not only not use margin for DUG trades, but to limit themselves to trading your DUG/DIG system on the DIG side only. Inexperienced traders should be particularly leery about using margin and countertrend trading (especially on the short side, as is the case with DUG). That's my opinion anyway, FWIW.
drO -- FWIW, I'm with
Posted by trader2 on 6th of May 2008 at 03:55 pm
drO -- FWIW, I'm with you on DUG. I went heavily after that one and have had my head handed to me.