Wednesday, January 16, 2008

Going to go watch 24!

I'm in the middle of season 6 of 24, good show. I often dream that me and Jack Bauer are in a tunnel chasing a terrorist, and I'm on point. LOL :-)


Anyway I'm still in the short overnight, I was up $300.00 on the close we'll see how I do tomorrow. (FMCN)



I felt good about my entry at the red circle because of the previous swing high and my entry at a lower swing high. I stayed in during the reversal because it failed to make a new high. Not bad. I stayed in over night because I'm a risk taker!

G'Night

Mark

6 Comments:

Blogger Bug-Z said...

Mark,
Please check out this chart. Would you consider this a signal for a bearish trade? This is the EUR/USD

http://home.comcast.net/~bug-z/4xSwingHigh.bmp

January 17, 2008 8:54 AM  
Blogger Mark Deaton said...

NO Not yet. If those are the right moving averages then you dont have the right signal coming from the 50.

Secondly theres no higher swing high behind it ..

Mark

January 17, 2008 9:28 AM  
Anonymous dsound said...

Mark,

Congrats on your FMCN trade - hope you're still riding the downward wave on the put. Which put did you buy (date & strike price)?

It sure looks like near term market sentiment will be negative / down with puts being our best trades. Do you agree? Might the next potential (broad) market move upward be the end of the month when the Fed meets on the 30th - if they drop the key rate a half a percentage point? What are your thoughts?

Thanks,

David S.

January 17, 2008 1:26 PM  
Blogger Mark Deaton said...

David - I have the APR 45 Put @ $5.00

January 18, 2008 11:46 AM  
Anonymous Anonymous said...

Hi Mark,

I'm a purchaser of your swing trading money machine and am finding it interesting. I have sent you about 5 emails to ask where I can download the forex flush but had no reply sorry to post on your blog but couldn't contact you any other way. Can you email me:
leeb_03@hotmail.com
Thanks
Lee

January 23, 2008 12:11 PM  
Blogger Darren said...

Hi Mark, Made ABOUT $1000.00 today on FCFS, bought at 9.99 is curretly at 9.22. My red line crossed the ADX, both were headed up. There you go! Thanks....

January 23, 2008 1:39 PM  

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