samspade79
Established member
- Messages
- 576
- Likes
- 25
Errr what was that on the dax ? Any news that I can't see?
Sonicscooter
Experienced member
- Messages
- 1,811
- Likes
- 351
Not a clue, fell of a cliff, 100 points in 10 mins........and still going, i'm flat again....suppose that's a sign to enjoy the bank holiday now....
samspade79
Established member
- Messages
- 576
- Likes
- 25
About to buy in, unless it dives again.
P
postman
Low volume and fear of war, a volatile mix.
Russia moves warplanes into 'attack position'.
Russia moves warplanes into 'attack position'.
Last edited by a moderator:
P
postman
Dont worry Oscar says its a down day, things will pick up soon. 
Though if you took a big profit on that one then go away for the day.
Though if you took a big profit on that one then go away for the day.
Sonicscooter
Experienced member
- Messages
- 1,811
- Likes
- 351
Dont worry Oscar says its a down day, things will pick up soon.
Though if you took a big profit on that one then go away for the day.
Hi P, thanks for the PM's last night, yes i'm off to do some DIY while it's nice and sunny, and that short was handy.......90 points
Catch you later.....
Last edited:
2be
Senior member
- Messages
- 2,062
- Likes
- 367
The intra day system I am using based on the last day's close at 9:59 British Summer Time (In effect us session close time with the exception of Fridays when the US session closes an hour earlier)is a simple one with the advantage of providing an exact entry points and initial SL.( usually somewhere between 15 -30 pips)
Short entry was 9535 exit set up for 80 pips initially, but the market has closed that trade before I could have protected the trade with a trailing stop.
This being Bank Holiday Monday I have not expected a great reaction but dax had fulfilled its Average Daily Range and made 149 pips (out of 124 for the last tr) already and Dow made only 64 (out of 121).
It could well be the Ukrainian factor and/or the Sentix Investor Confidence release data at 9:30.
This so far achievement makes me nervous to renter short at these levels, but after a pull-back short might be a possibility for today, but with a hard SL.
I expect the Low today which will also be a C of an ABC corrective I have posted earlier on..
The minimum for that C has been met in regards of PA and Time Fibs.
9341 would make that C to be 100 of A.
After today I shall start looking to the Long side, but not catching the bottom, only enter after a confirmation.
Now patiently wait for the reversal on DAX, once that is in play there will bw plenty pips made on the long side.
Piano, piano and enjoy the Bank Holiday Monday!
2be
Attachments
P
postman
The Americans cant keep using the weather as a reason for their economy not to be improving, so war in Europe could be another excuse to trot out over the next 3 months. Then the summer lull, then hurricane season, ...
P
postman
If I were looking for a long it would have to be on FTSE.
Shes down 70 points from close and has shown shes not interested in the Ukraine crisis.
Dax offers 120 point upside but with much higher risk IMO.
Shes down 70 points from close and has shown shes not interested in the Ukraine crisis.
Dax offers 120 point upside but with much higher risk IMO.
2be
Senior member
- Messages
- 2,062
- Likes
- 367
Sadly not only Americans but the rest what is known as the Western World.
The most certain way and sadly possibly the "only" easy way to avoid the total compromise of up to now politics,
These socialistic politics have a 100% bad record and include many well known people: including comrade Hitler, Mussolini, Stalin,Mao, Jose Manuel Barroso, Obama, and armies of other aspiring to be politicians, once again experimenting with implementing a system which has never failed to deliver disaster!
Last edited:
P
postman
That piece of news (worth 100 points) came from Interfax which is available to Bloomberg customers.
Dick Lexic
Veteren member
- Messages
- 4,954
- Likes
- 124
P
postman
Short Dow 450 Its not going up so its only going to go down. Given levels of ftse and dax its got at least 70 points in it.
2be
Senior member
- Messages
- 2,062
- Likes
- 367
Yes there might be one to one harmonic move on the DOW.
In terms of daily cycle all indices are moving with a sync to a degree.
70 pips on DOW is very possible today, but like dax I will be looking for longs on the DOW from tomorrow.
It is interesting how the last few candles influence our bias.
When it was time to short, some were quite committed to go long while others kept it safe and were flat. I am working on it, so that I am less influenced by the last several candles lets say on H4 or Daily and apply a strat based on zones, statistics and otherwise indicated levels, be it EW, Fibs or Delta timing. and harmonics.
Happy trading to all,
2be
PS
Waiting for dc2000 to confirm the rotation to the long side , it will be great to hear from him.
Last edited:
Flipped my Dow at same price for a 6~ pip profit on the up
P
postman
Just been reading some facts about the US economy.
http://optionvol.blogspot.co.uk/2014/05/the-state-of-union-is-united-states.html
They saved the best to last.
"Fact: As of 11-19-2013, home prices remain lower than they were at the start of the recovery.
(this seems unbelievable -- triple check this one).
Fact: From 2009 to 2012, average incomes of America’s top 1 percent grew 31% while average incomes of the bottom 90% shrank by almost 2%."
http://optionvol.blogspot.co.uk/2014/05/the-state-of-union-is-united-states.html
They saved the best to last.
"Fact: As of 11-19-2013, home prices remain lower than they were at the start of the recovery.
(this seems unbelievable -- triple check this one).
Fact: From 2009 to 2012, average incomes of America’s top 1 percent grew 31% while average incomes of the bottom 90% shrank by almost 2%."
