SuddenDeath
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VIX has made higher high than yesterday,
FTSE pivots for thur
Buy 5859
Sell 5855
Dow close = 5877
think FTSE 5834 is support (using tim haefke contract fib levels)
Dow pivots
13576
13571
FTSE to rally you have to get these two donkeys back up the hill
RIO/BLT dow 2.7%/2.9%
EURUSD down 0.9%
strong dollar, risk off
if not you'll get hee haw
I found IB a very difficult account to close. I let it lapse so that they closed my access, password, etc. I've wondered about Berkley because little is heard of them but IB have a security system that I thought a damned nuisance. The "help" was in Germany and he kept giving me new advice to try out which, when it failed, I had to recall him.
Another thing that I found a nuisance was that I had to, somehow, make my trading platform flat. This depends on the currency that you are in.
Perhaps, it is because of my computer skills, I don't know, but I do not think that I am that bad! I get around my other stockbroker OK.
I think we could be looking at a rally today, somewhere below 5831. My number was 5820, but I'd be looking at a timing chart to fine tune.
Hi splitlink
I got an account with Berkeley, been with them years. I trade online, sometimes I have called them to get out of a trade. They pick the phone up very quick, and don't charge you extra like IB to get out of an online trade...
cheers
do either IB or Berkely have online chat help ?
I think we could be looking at a rally today, somewhere below 5831. My number was 5820, but I'd be looking at a timing chart to fine tune.
over the longer term market cycle we are still in impulsive mode?
It's a few years ago but I think that you have to log in. A sort of Catch22 thing. I sent an email but was not sure of the authenticity of the reply, so used the phone. My "problem" was that I stopped using the site because I was losing more than I wanted, having to buy a contract, ie, 10 GBP per point. I don't pretend to be a big fish in this game and reverted to spreadbetting, where I have been ever since. Not using the site for a long time meant that they shut me out for "security" reasons.
Anyway, its water under the bridge, now, and I only mentioned it as a warning that these companies, although IB is honest, are for the traders with deeper pockets than most of us have.
If youare not making money spreadbetting, it is unlikely that you will by changing to the futures brokers.
Don't know... will require more thinking. Don't think Day chart is pullback from wave 3 as no 61% pullback from the first wave. Not thinking about that at the moment anyway. Fed up with my own trading ability.
I attempted a trade below 5831. 1 min chart. Technically correct according to my timing strategy as it went overbought 5830. After I got in @ 5831 price took an extra surge down -7 points. Knocked out my 6 point stop. It virtually never does that. Only rarely have I seen it swing so much it would knock out a 6 point stop, which is why I have it 6 points.
I should have got in again as I got same overbought signal again 5827 - it couldn't do the same thing it hardly ever does twice could it? But then I thought, as usual, I'd made a mistake somewhere and didn't get my thoughts together in time to reenter. Rallied 20 points from the bottom.
I had two trades yesterday for 8.7 points, followed my strategy. I was looking forward to this trade all day. Great risk-reward ratio and...pbbt. I won't say I was unlucky, because 1. I was following two aggressive bear candles, might have guessed there'd be a little more 2. could have reentered.
BTW here's my chart from the other day - very accurate so far. 5823.9 is current low. Has it done just enough to reach 61%? Will we get a kick up from here to at least retest the bullish channel we've broken out of, possibly further push?
Dow rebounded but GDOW is still down 1%
Could it be because GDOW has components from Asian exchanges that are currently closed ? It will probably rise in am hours.
Could it be because GDOW has components from Asian exchanges that are currently closed ? It will probably rise in am hours.
good call, et
.................I think what I am doing wrong ...............