Member Info for takeiteasy

Monaco - Mella and I have made the FB board a private board and you can subscribe by 'friends' only as its clear that the folks from here are stiill looking in which doesnt make any sense at all. Regards Tie

ah remember those levels... 9k dow! Those were the days lol and most of the good ol' regulars have disappeared now!

SnP has key resistance in the 1338/1345 region.. It is currently forming a bull flag on the daily, a break above that region invites 1360 and then possibly 1400... It is looking overbought on the daily and we have had a lovely run up in recent weeks so a dip back down to 1300ish would present another buying opportunity... otherwise look for a confirmed break above 1345 as a clear buy signal. GL!

28 Jan '11 "Are the safe haven metals doomed or the buy of the month?" The BUY of the YEAR ofcourse..." LEGENDARY CALL! lol ;)

At some point this yr!

$50, DT all time highs...

"Are the safe haven metals doomed or the buy of the month?" The BUY of the YEAR ofcourse...

"long snp on 12th nov until 5th dec has a 100% success rate for the past 15 years" ahhh worked like a charm ;) Even with all this default BS being hyped up by the media on a daily basis and yet we still go up, thats 400 handles in just 2 days... ignore the news folks its just "noise!" and ive proven that many times... TIE

Well my previous quote back in early july regarding the snp death cross eventually turning bullish and longs working 73% of the time worked a treat! now time for another interesting quote, the markets are toppy and the default rumours have suddenly come back (market manipulation at its best) so for me i think this yr the trend may breakdown but it will be interesting to see if history repeats itself.. - "long snp on 12th nov until 5th dec has a 100% success rate for the past 15 years" GL!

plays - it makes perfect sense and a good addition to my earlier quote. thanks.

Not sure why an SPX board hasnt already been setup but anyway here's an interesting stat below regarding the death cross - "The last time that the SPX saw the "death cross" (2007), the market rallied seven consecutive days and then fell apart. However, taking a long position (not short) in the SPX at the time of each cross would have resulted in a profitable trade 73% of the time assuming that the position is held until the 50 SMA moves back above the 200 SMA. However, the other 27% of the time would have sustained large losses of 30% or more!"

no probs mark, i should have waited for the data yeh. have a good day...

hehe im guessing that was for me. yeh markie the euro is bullish no doubt, nice IH&S and breakout of the descending channel could be round the corner, but as it was at the top of the channel thought a little scalp was worth a shot. the euro trade may not have worked out too well but gold/crude swings certainly made up for it... lovely jubbly!

monaco, i think the bias is negative for this week as the indices are at extremely overbought levels so a little pause/consolidation should occur this week, it would be healthy to see a little pause/pullback. ftse is approaching support in the 5590 region, if taken out then the other strong supports are 5563, 5555, 5530, 5480. i cant really see ftse going below 5480 and i will be looking to buy on a big pullback if we get one. i think the negative macd will be a sucker and will cross back to positive after a couple of days, this happened a lot last year and thats when i found out that macd is not reliable for the indices, it works great for oil and gold but not for the indices because they are so strong. also note the dollar has finished its consolidation period and is close to going on its next run higher heading for $84 imo, if the indices do not disconnect soon then it will send the markets much lower. i think 5000 would only come again if another country defaults, but thats just my view, if it does come around again then i will be loading up heavily as i cant see ftse going below 5000. ATB

bahman, you have mail.

bahman - i will email you the chart. p.s. admin, something you could add to this site is a feature with our own page where we can "add content" and thats where we can upload images/charts, etc. and before the chart can be put up it would need your "approval" so that people dont upload any old junk but just the on-topic informative stuff, like charts. many other sites have this feature so maybe you should try it? because it is a good feature and it saves us the hassle of signing up to image hosting sites. but maybe im just lazy? lol ATB

plays, yes i also have 5510/5520 rising support on 4hr chart ascending channel. it bounced off resistance trendline yesterday morning around 5630, was a good shorting opportunity. the trendline has worked nicely since the 5th feb bottom, but remember it is a bearish pattern and breaks to the downside 80-90% of the time so at some point theres no doubt in my mind that it will break down, but ofcourse ftse could easily be 5800/5850 by then. p.s. all you ellioticians out there if this is a 5 wave corrective rally then wave 5 should take ftse up to 6050/6080 if 5800 gets broken. this could happen in a matter of weeks... if you look at ftse weekly chart you will see we are on wave 5 now, wave 5 is usually the same size as wave 1 with wave 3 being the biggest. i wouldnt be surprised to see those kind of prices in a couple of weeks and it will also form the top of the A of the M-A pattern on the monthly ftse chart (which is a very bearish pattern if it plays out). so it all points to further rises for the ftse in the short term, 5800 is likely, with 6050 a possibility, but over the med-longer term the pattern points to massive massive declines. just my views though. ATB TIE

hey guys, yeh im also shorting ftse and crude. but the market is continuing to drift up on light volumes...why? is it because nobody is long? lol 86% of folks on paddy power are SHORT. 90% of traders lose...hmmm but all i know is we should see a decent profit in a few weeks time. the dollar is in a negative cycle atm, consolidating and has a bit more to fall, but when it becomes bullish again fairly soon, the volumes will pick up and the institutions will have fun shorting the indices again. good luck.