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On 25/05/2020 at 12:20, Kodiak said:

Dow daily

New trading range 25K to 27K? (bull)

or a false buy /breakout and then sell signal? (bear)

i would "guess" 65% chance for the bull scenario and 35 for the bear1096238959_DOW25may.thumb.png.530386a5b58e5da6d688aeed7e7540ff.png

27K

25K next?

t😉

 

 

 

US30Daily j.png

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<blockquote class="twitter-tweet"><p lang="en" dir="ltr">What do you expect from the US May unemployment rate? <a href="https://twitter.com/hashtag/NFPGuesses?src=hash&amp;ref_src=twsrc%5Etfw">#NFPGuesses</a></p>&mdash; IGTV (@IGTV) <a href="https://twitter.com/IGTV/status/1268817217271054336?ref_src=twsrc%5Etfw">June 5, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

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On 03/06/2020 at 22:08, AndrewS said:

 

I am still actively managing a short on the Nikkei. I closed out half when it traded below levels I sold at. My plan at the moment is to double up with a tight stop if it approaches the high and hedge if it if goes through the high. Alternatively I will just scalp on the long side for a different index.

 

JPN225M15.jpg.7892cd1a4bb1e4e2505de05f9ccdb67b.jpg

 

 

Since someone was kind enough to click the like button for this post I will get back to it again. The problem is that plan is very difficult for me to implement, and I suspect many others would get mixed results trying this. A far better way to try to integrate short term and long term trading is to have a set-up in the same direction on both time frames. That way what may have been be a trade with a risk/return of 1:1 can become a trade with a risk/return of 1:10.  

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Just now, AndrewS said:

 

Since someone was kind enough to click the like button for this post I will get back to it again. The problem is that plan is very difficult for me to implement, and I suspect many others would get mixed results trying this. A far better way to try to integrate short term and long term trading is to have a set-up in the same direction on both time frames. That way what may have been be a trade with a risk/return of 1:1 can become a trade with a risk/return of 1:10.  

I don't understand.

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6 minutes ago, dmedin said:

I don't understand.

For example there may be a retracement on both the short term and the longer term and you are anticipating a bounce on both time frames. The trade may go much further that usual because on a higher time frame you may have gotten on board near the start of a longer term move.

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