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Anthony Walters posted this 25 October 2012 (Oct 25, 2012 6:34 AM).
Intra was right actually. Posting when half asleep again...
Anthony Walters posted this 24 October 2012 (Oct 24, 2012 9:11 PM).
Forgive me, 'inter day'
11th October Ibex 35 close = 7734.70.
Reversal took place after the inter day 'gap down' was filled.
Moved up to 8128.80 on 17th October.
Now at 7,791 and has made higher lows. Not exactly the time to short.
posted this 24 October 2012 (Oct 24, 2012 4:49 PM).
intra-day trading, made so much money like this!!
Anthony Walters posted this 11 October 2012 (Oct 11, 2012 3:27 PM).
The intra-day gap has been filled already and buyers are lapping it up. I could be speaking too soon though as the market is still trading right now. Reversal?
Anthony Walters posted this 11 October 2012 (Oct 11, 2012 9:29 AM).
IBEX 35 really breaking down here (is Trader X ever wrong?). The Short Sale ban had a short term effect on the Spanish market, along with the high stimulated by ECB promises. Reality is starting to hit home now and it looks like the IBEX is moving back to
posted this 28 September 2012 (Sep 28, 2012 4:49 PM).
Saxo, IBEX futures
Anthony Walters posted this 28 September 2012 (Sep 28, 2012 2:36 PM).
Good job Trader X. Which instrument are you using for this? I thought that the short-selling ban for Spain was still in place until October?
posted this 28 September 2012 (Sep 28, 2012 1:41 PM).
IBEX 7700... creaming it. got some nice P&L on this trade protected with trailing stop.
Its one to run into october
posted this 20 September 2012 (Sep 20, 2012 2:10 PM).
IBEX peaked at 8230, almost the midpoint of the original target range (8000-500), posted when IBEX was 6250. However, this index is a dog, we are in a bull market and this is the only major index in negative territory YTD @ -7% (for reference, DAX +25%,
FTSE +5%, SPX +16%, NAZDAQ +22%, even FTSE MIB +5%).
We had a central bank induced rally and nice short covering pop, but the reality does not change.
Capital smells a rat and has been fleeing the country. Once this process starts, its almost impossible to stop. Its a confidence thing.
Im short here.
posted this 06 September 2012 (Sep 6, 2012 2:06 PM).
i try not to assign reasons to price action in hindsight, or anticipate future reasons for price action
price and time are the only variables you are trading, so i ignore the events/soundbites/running commentaries, they are distracting and misleading and incredibly subjective. price/time are objective. fundamentals help you form a view, but a view can be evry
dangerous. trade the tape!
Had the midas touch of late, but thats luck more than anything else. more importantly dodged bullets on the ideas i got wrong.