Hard to argue I'm awesome if bulls kick up their dung at my face as they rampage by .

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That wasn't an insult by the way, just an observation. I got a nasty reponse the other day from someone who felt a little defensive . God you're nearly as bad as me, the difference being that I am awesome. Well, only if this thing turns ...

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Grandpost seems to feel he is enlightened as far as trading and the markets go, and that we have a lot to learn by listening to him.

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I did just that. It's a delayed short from 2325 though, thought 2350 was going to be a better spot.

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It's more of a guideline than a rule. Countertrend can be done profitably, so there's no reason not to do it if we can do it.

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There's no reason not to do both.

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A short looks good here, with a ~50 pip hedge about 100 pips south of here.

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Well, this is the beginning of my line in the sand. 2325 to 2450. Can't short at either of those though as I'm too short heavy. Would prefer to see some southwards movement before adding, and beyond 2450 I'll have to start lightening.

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May I ask what else, besides saying it is clear to you on the weekly, convinces you this thing will rise 20-30 cents?

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Surprised no-one has yet called for the double-top.

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You mean overbought?

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Someone trying to be a past-posting hero?

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I would consider it strong if I saw a large unwinding of the massive short positions out there, but I don't see it.

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Do you realise how good you have it? The majority of the rest of us have been disarmed by our governments.

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Small arms and ammo are very cheap, quantity is the name of the game. The scalping for arms dealers.

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I thought Lord of War was pretty awesome. http://www.youtube.com/watch?v=INy4Ro9tLQE&feature=related Particularly this part: video

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Fwiw, the most recent serious retracements (2520-3090, 2150-2670) were both obviously over 500 pips each. Same on this would see us at 2400+. I'd say 2325-2450 would provide a nice turning point. Next level up for me is 2590, and I'll admit I'll be ...

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It was a different era. I don't mean it to sound like I'm naive and that large-scale conventional war can't happen, I just think it's less likely than in the past. Even a weakened West would still be extremely powerful militarily, so it's hard to ...

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A period of trading that doesn't show on a chart. The gap/no gap debate has been done to death.

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But who will invade them, and for what reason? Some invasion and occupation of lesser nations isn't unreasonable, but direct conventional war against the powers of the West? I don't see it happening.

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