Disqus - Latest Comments for WiredPirate

Re: Thursday, Jan 21, 2010

WiredPirate — Fri, 22 Jan 2010 13:32:44 -0000

Swinger how do email you or someboody esle at S& T. I tried swinger at stopsandtargets.com and info at stopsandtargets.com and received no responce.

Re: How do we measure value?

WiredPirate — Thu, 27 Aug 2009 00:25:38 -0000

Thanks for response Pata and UI.

UI--when my wife catches me admiring god's vuluptuos creation I always say 'hey i'm married not dead and without hesitation she always says 'you keep that up and you won't be married and you will be dead all at the same time' Ha--she's a good woman and I am a lucky man.

Re: uidezine comment about me

WiredPirate — Wed, 26 Aug 2009 18:15:29 -0000

KS,

Good to hear from you. I hope all is going well. Lawrence's blog has gone very quiet but there are a bunch of people over at:

http://obamagirl7.blogspot....

who would love to hear from if you are looking for a little conversation.

Re: How do we measure value?

WiredPirate — Wed, 26 Aug 2009 17:24:39 -0000

UI,

Decoder request-can you expound on what you mean by "They are working on time now"? Do you simply mean they want to keep it up into EOM or is there more to read into it than that?

My LT tell is still positive on NDX above 1465 but my IT flipped negative on Monday. So I have tightened stops and will look to get long with any cash that is raised if IT turns and we are still above 1465 NDX.

Thanks for all you do in providing this forum and sharing your insight.

Re: An amateur's IT and ST view (it's not what you think)

WiredPirate — Sat, 22 Aug 2009 10:46:36 -0000

Poop,

My heart aches for you because like many others I have felt the pain evident in your remarks. I have done what you described twice. Your couragous confession is a step toward becoming a great investor. While the anguish you are feeling and the lessons you have learned are very fresh write them down and then make then make re-reading them a part of your trading plan so that you never allow this to happen again. Every challenge that doesn't kill us makes us stronger so believe in yourself and vow to be an even better man for what you have learned.

I wish you all the best.

Re: MInor short squeeze going on...

WiredPirate — Thu, 20 Aug 2009 15:17:26 -0000

"for sure"...What gives you such conviction? I am not doubting you because I have tracked your calls but help me understand and learn what gives you such confidence and accuracy.

Re: Going forward

WiredPirate — Tue, 18 Aug 2009 10:20:32 -0000

UI,

Thank you for sharing your thoughts. "If you want to be a one of the "few" successful traders, you have to trade based on "what you see", not "what you believe". " These are the types of nuggets of wisdom that will truly help people to become better traders and why in my book your name should be U R DeMan. Smart and long term sucessful traders are those who learn early that there is no 'Holy Grail' and there are no gurus; there are only probabilities and proper position management around your own buy/sell pivot as you define it.

My tell is NDX and my LT buy/sell line is at 1490. I tightened up stops on the move into major resitance and am mostly cash now. I will get stopped back into my longs trailing the weeekly highs or begin rebuilding long positon in 1490 area.

http://tiny.cc/97j9C

The fact that you choose not to post RT trades and become every man's guru tells me much about your character and your intentions with this blog. I thank you and hope you continue in your generous sharing of time and insight.

Re: Futures are under 1000 S&P as I write this...

WiredPirate — Mon, 17 Aug 2009 11:38:53 -0000

Mr. L,

Your calls continue to impress. Nice job keeping emotion out and simply calling what you see.

Re: Trader's Diary

WiredPirate — Fri, 14 Aug 2009 09:50:47 -0000

QQQQ got some negative money flow yesterday...http://tiny.cc/PL6pb

Re: Taking the week off

WiredPirate — Thu, 13 Aug 2009 21:54:17 -0000

Thanks. Mine is at 927. Youl'll be glad to know I still can't reproduce your numbers. I have to keep trying just incase you decide to hang it up and spend all your days on the beach.

Re: Taking the week off

WiredPirate — Thu, 13 Aug 2009 16:12:27 -0000

Thank you both :)

I assume the IT pivot is still lagging the LT by a bit? I understand that because of the things you mentioned above it really isn't terribly relevent right now but I am curious where it is at.

Re: Taking the week off

WiredPirate — Wed, 12 Aug 2009 21:47:11 -0000

Thanks Swinger as always!

Am I right in assuming you transposed the numbers in the last line since the trailing stop is 967 for both IT and LT?

Also, why would the trailing stop on partials not have already been hit and cleared them yesterday?

Re: Big move coming up!

WiredPirate — Wed, 12 Aug 2009 21:36:49 -0000

Thanks Mr. L for sharing your thoughts. I don't say a lot but I always check to see what you are thinking. I don't pick tops and bottoms so I am just trying to stay on the right side of the s/d line which I currently have at 923 SPX.

Re: Market doesn’t want you on its back

WiredPirate — Wed, 12 Aug 2009 21:18:01 -0000

Vinay,

Thanks for your posts. I find them very helpful in maintaining my own discipline.

The title of your post reminds me of my favorite analogy of the market.

IMO How you trade it at the bull/bear line is the definitive separator of success. This is where the pros use gaps and traps to trick you and throw you off the real trend. You have to be like a cowboy riding a bucking horse. There are different methods and strategies that can work and you have to find your own style. You have to make educated guesses when to be aggressive but limit your risk of serious injury by letting go and getting bucked off if you find yourself out of rhythm with the horse. But then you must be ready to get right back on again after you have been bucked off. When you finally get into rhythm with the horse the ride can last a long time, it can be a beautiful thing to behold and the judges will give you a very high $core.

I have come to terms with my own position management skill set around the bull/bear line (same as supply/demand line) however I am constantly working to refine my process of identifying where that line is. Currently I have it about 905.

You seem to be very good at defining that supply/demand line. Where do you see it now and can you teach how you see it?

Thank you again for your generosity.

Re: Video Commentary

WiredPirate — Tue, 11 Aug 2009 10:03:05 -0000

VJ and Anna,

Thank you both for all your contributions. I am quitely a huge fan of both of you.

You may find Prector's video comments on Yahoo Finance from this morning interesting.

http://finance.yahoo.com/te...
http://finance.yahoo.com/te...

Re: Market thoughts for Aug 10

WiredPirate — Mon, 10 Aug 2009 14:15:37 -0000

Swinger,

Are you seeing a new bottom spotter signal on $USD? Has the LT stop/reversal line moved much from your last posted $79.46 level?

Risk aversion seems to be rising a little. Maybe a retest of the 80-81 level coinsides with a test of SPX 970?

Re: Market thoughts for Aug 6

WiredPirate — Thu, 06 Aug 2009 18:40:36 -0000

Thanks MACT

Re: Market thoughts for Aug 6

WiredPirate — Thu, 06 Aug 2009 17:40:40 -0000

Ok. I give up. What is POMO?

Re: Market thoughts for July 13

WiredPirate — Tue, 14 Jul 2009 12:16:16 -0000

What was your tell the smart money was getting long late last week?

Re: Market thoughts for July 10

WiredPirate — Fri, 10 Jul 2009 13:21:17 -0000

Swinger,

Any chance I can talk you into sharing insight into how you develop your targets once price has moved beyond the stop/reversal line in all time frames?

I know this is might be getting into sacred territory but my dad, the saleman, taught me you can ask for anything at least once and if you smile you can usually ask a second time :)

Re: Stocks or Options

WiredPirate — Wed, 08 Jul 2009 10:25:31 -0000

Jim,

What is meant by "major market realization"?

TIA

Re: Updated charts

WiredPirate — Tue, 07 Jul 2009 10:46:50 -0000

Nice chart and good insight using IIX as leading indicator of risk taking and market health.

Re: Dollar in Abandoned Baby pattern

WiredPirate — Tue, 07 Jul 2009 09:27:59 -0000

It must say something about me that I honestly never noticed she was holding a pool cue until after I read your post like three times...I'm thinking, why in the world is he talking about golf and pool? Thanks for the laugh!

Re: Dollar in Abandoned Baby pattern

WiredPirate — Mon, 06 Jul 2009 21:54:21 -0000

I've been been meaning to ask...where did you get that picture of my wife?

Re: Market thought for Jul 2nd, 2009

WiredPirate — Mon, 06 Jul 2009 10:50:28 -0000

IMO How you trade it at the bull/bear line is the definitive separator of success. This is where the pros use gaps and traps to trick you and throw you. You have to be like a cowboy riding a bucking horse. There are different methods and strategies that can work and you have to find your own style. You have to make educated guesses when to be agressive but limit your risk of serious injury and then be ready to get right back on again when you get bucked off. When you finally get into rhythm with the horse the ride can last a long time and it can be a beautiful thing ot behold.