xjo - weekend charting and chat -04 april 2014, page-11

Hi Rhodes

No setup, respect this thread to much to fool with it.

I was talking CFD's yesterday, The lottery options were just a side line indicator I've been fooling with to help determine a trend change. Something I picked up from reading Sornette.

I dont usually hand over money for lottery tickets.

As to CFD's, I seem to have the knack for reading charts and often get it right but am not making money.

What the?

I find with chart patterns, I can always see a potential bull or bear outcome like yesterdays chart on the nasdaq was it a downtrend or a bull flag so have been looking for something external to the chart just for confirmation and option pricing is a good indicator of what the herd is up to.

So learnings form last night, wait for the pattern to confirm - tick

Stuffed up the actual trading however, Made money last night but it should have been uber profitable and was just so so really, I think Jako was onto it yesterday just take a one set position size and let it ride, got to stop trying to trade every wiggle and doubling down does not work.

Bloody CFD are hard to trade! I have nailed it a couple of times however and the profits come hard and fast when you do.


FWIW I see a giant bearish rising wedge for all of the trading on the FTSE since 2009 its also pulling back off of a 14 year triple top. Japan is pulling back off the top of a 25year downtrend channel, the Dow is pulling back off a giant 14 year broadening top and lottery put options that are supposed to get real cheap just before a major pull back have been super cheap.

Anyone want to guess where my superannuation has been moved from and to, might regret leaving even 25% exposure to stockmarkets yet.