minime69
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"golden cross" and "dead cross"
thanks a heap my friend you hve adde to my confusion,
i have to ask whats a golden cross?
Hi All,
I'm not so sure we have broken out of any down trend. I don't have decent intraday charts for FTSE to hand but based on the fact that the Dow tends to be the dog that wags the FTSE tail, the Dow has just hit the top of a downward channel on the 60 min chart. I know a lot of you guys are shorter term than that but I feel this all may go lower yet. Next touch on the bottom of the channel is around 6500 for the Dow.
Managed to get +12 on the long FTSE and im out now..Anyone else get a long on on this small rise?
I went long at 3550 and have currently locked in 10points
added another long S&P 694..........stop loss 690!!
I think that makes it 3 contracts long in total @ an average of 695-696........
stop loss 689..........
let the games begin!!!
already in profit on RIo tinto
Golden cross is where the short term MA breaks above the long term MA, which usually indicates a bullish market.
Death or dead cross is where the long term MA breaks above the short term MA, indicating a turn to the bears.
As far as I know anyway...
OK here we go..we are off to the races!!
I had a nice siesta, my sister woke me up but I feel re-energised!!
I'm the only bull today on this forum................
lets see who wins now that i have used my own money.....hehee!!
Money trades just to show you I believe in my analysis
barclays long 75.6 stop loss 70 ..........target 83!!
long Rio tinto 1729..stop loss 1700 ...target 1800
long FTSE 3555...stop loss 3525!! target 3600- 3620
OK let the mini bull market begin..........
wave 4 correction still in place
All trades except one is in profit.........
I have just read a post that criticises my trading strategy and indirectly attacks me. I found it quiet upsetting and I am thinking about packing in all these posts. I work hard just to help the newbies and show people my method and perspective, the least one can do is at least show some respect and say thank you now and again.
What am I going to gain from putting all these live trades on here and helping people. I only do it to help the newbies....
I will not say who it was because one should never name and shame.
If I read another negative comment on here I will disappear.......
thank you people
Hey WS,
how far do you see S&P rising?
haha me too,, got +12 on the fall,,wellllllll..... at least the s&p is doing the decent thing and falling. Spent three hours waiting for my short to come back onside.