P
postman
Anyhow back to trading I'm long Dow 25,590.
Keep throwing in enough predictions and one will come true, we're still waiting for the end of the world.
Anyhow back to trading I'm long Dow 25,590.
Postie, I'm disappointed in you! Do you not know that the End of the World is Nigh? Just how nigh is anybody's guess but it's definitely and incontrovertibly nigh.
Attempting to predict the top or bottom of any market has continuously been proven to result in account wipeout. Even if you were fortunate enough to be correct on this occasion, then in my view it would result in confirmation bias which will also ultimately result in account wipeout.
Anyhow back to trading I'm long Dow 25,590.
As you can clearly see at the time the price was 25990 .
Ok so I'm done at 26500 for +220 in 24hrs.
@batsonar Its possible you will make a profit but I wont be holding my breath.
Closed these dow futures at 26150 for +160
My trading system signals on the daily chart have generated a strong "sell" go short signal on the Dow. I have gone short at 200 contracts at 26,278. I am not putting in a "stop" order. Its all or nothing on this trade. I will either make a lot of money from a heavy fall on the Dow which I think could happen in the next 2 weeks or my Trading212 practice account is going to be wiped out if the Dow rises to new highs. ... Lets see what happens.
The Dow futures opened up at 11pm GMT and the Dow proceeded to fall heavily and fell as low as 26,032. On my Trading212 practice account I have made £23,737 at this time. I am not closing my position because I am expecting a possible big sell off tomorrow when the market opens. With the over 200 point rise on the Dow on Friday my indicators were still were saying "sell" go short. You see my system does work and as I said it is good at catching the big moves early. Does anyone know what has spooked the Dow? It will probably recover a bit but I am not convinced it will get back up to where it closed on Friday.
@batsonar you have now let a potential £23,700 profit disappear in front of your eyes and you are nursing a loss again! If that's the holy grail I'll take a clay mug instead thanks.
More tea Vicar?
@batsonar you have now let a potential £23,700 profit disappear in front of your eyes and you are nursing a loss again! If that's the holy grail I'll take a clay mug instead thanks.
More tea Vicar?
i agreeWhilst I might not follow Bat's reasoning, nonetheless, it's his money (be it real or virtual) to do with what he wants and you never know, we might all be sitting here in a few months amazed at just how many thousand pips he's scoffed just as the Four Horsemen ride into town. Either way, I respect his choice, which reflects a certain kind of courage which I lack.
What's your method to confirm that the trend has changed? I tend to look at trend lines and previous horizontal levels breaking or holding. I've been looking at a simple moving average but haven't had the time to back test it yet.It's best to confirm a trend change has taken place before entering a trade.
Yes indeed he can do whatever he wants with his virtual money, but when he starts a thread saying he has a 100% foolproof system and wants people to trade it with their own money and give him 50% of the profits that's just wrong! Especially when the guy produces youtube videos declaring himself the son of god and saying he is going to bring down a religious organisation. Is he going to give people 50% of the money they lose following this crazy system he doesn't even understand himself, no of course not.Whilst I might not follow Bat's reasoning, nonetheless, it's his money (be it real or virtual) to do with what he wants and you never know, we might all be sitting here in a few months amazed at just how many thousand pips he's scoffed just as the Four Horsemen ride into town. Either way, I respect his choice, which reflects a certain kind of courage which I lack.
The Dow futures opened up at 11pm GMT and the Dow proceeded to fall heavily and fell as low as 26,032. On my Trading212 practice account I have made £23,737 at this time. I am not closing my position because I am expecting a possible big sell off tomorrow when the market opens. With the over 200 point rise on the Dow on Friday my indicators were still were saying "sell" go short. You see my system does work and as I said it is good at catching the big moves early. Does anyone know what has spooked the Dow? It will probably recover a bit but I am not convinced it will get back up to where it closed on Friday.