Chariot Share Discussion Threads

[andonis] 15/2/2011 07:34

Trend is up corrections on the way.
Nav thats not far from my thinking.

[navyan] 14/2/2011 12:07

thanks Ando.

I got 13972 and 14443 as the final target for Dow.

but now, 12260--12300 zone will be a tough zone for it to break.

[joe moon] 14/2/2011 11:00

so its up or down

[andonis] 14/2/2011 08:28

I think we are in for significant drop starting from a day or two from now. All the way to around mid March. Like a flash drop and rise. The alternative is to rise to a top by end of April where it could drop a lot.

[andonis] 14/2/2011 08:21

FTSE still being contained by the great circle. Will it retrace a bit soon or carry on upwards to 6250 soon?

[andonis] 14/2/2011 07:42

Dow aims for 13k it is absolutely clear. the question is will it stop and return to 78% to take a breathe o blast and reach 13k very soon? The economies need right now a constantly rising stock market. It is clear however that the rise is greater than exponential so far.
You can see the circles rise very fast. and even when you log the chart this is still concave up. This is not sustainable at this rate hence my question as to the need for a correction. If it goes early to 13k then the correction maybe stronger than comfortable. I wonder if this suits anybody. Since this is not desirable I guess there should be a correction before the summer as this blasting off to 13k by October time...We will see soon....

[andonis] 14/2/2011 01:47

nice ones NAV!!

[invisage] 13/2/2011 12:45

So your expecting it to get back to 2 for £:$ ?

[invisage] 13/2/2011 12:35

Ando

How high will it go in Oct ? 1.8 against $ ?

[andonis] 13/2/2011 12:30

Invi october 11 I think markets and cable should rise till then with minor drops... After october...we should se a good drop.

[invisage] 13/2/2011 12:17

Ando

Where do you see the £ peaking? When do you think it will peak ?

[andonis] 13/2/2011 12:13

Long cable for a while....as this may drop lower than the trendline...

[navyan] 12/2/2011 00:21

probability higher probability to short it when the trendline breaks. scalping, not swing.

[joe moon] 12/2/2011 00:16

my plan is to long cable next week on the support line

[joe moon] 12/2/2011 00:13

thats true

[navyan] 12/2/2011 00:05

no offence taken there Joe. the perfect exit plan is there isn't one.

probably the hardest part of the game when after you mastered everything else... direction, setup, entry, position size, the right stop..

maybe open multiple positions and close them at different targets combine with trailing stops, it is never easy, is it.

[joe moon] 11/2/2011 23:58

sorry that came across wrong...i do believe that the controllers are not interested in this market going down...while there are bears left it wont...it seems too easy to go long and buy dips...but until it doesn't work it does ..if you know what i mean...lol..it will probably sell off now i've said that..yes exit is important...saw a great trade on the fx thread today...fraser it was ..he went long and moved his stop up with the trade..

[navyan] 11/2/2011 23:48

I understand it is impossible for anyone to be right every time Joe.

point I was trying to make is it is probably more important than anything else that trader needs to understand fully why he open the position on each trades. and reflect afterwards, then improve next time.

p.s. it is not being right 50% of the time, because if your exit plan isn't good enough, you could end in loss even you were right on trades.

trade with the trend, yeah, totally agree. trading with the trend is one of the real edges pro traders have and retail traders dont have. thats why I am a still in the retail group you know.

[joe moon] 11/2/2011 23:30

nav trading isn't about a system that identifies anything///its about being right 50% of the time and running winners longer than losers...being right every time is a mugs game..if you are trading against the trend you have even more problems

[navyan] 11/2/2011 23:03

well, I see the kind of 'friends' described above are not true friends to start with. so the latter comparison don't exist.

[jon827] 11/2/2011 22:29

Law 2

Never put too Much Trust in Friends, Learn how to use Enemies

Be wary of friends-they will betray you more quickly, for they are easily aroused to envy. They also become spoiled and tyrannical. But hire a former enemy and he will be more loyal than a friend, because he has more to prove. In fact, you have more to fear from friends than from enemies. If you have no enemies, find a way to make them.