Indices

[dmedin]

From FX pairs though, not indices.  Note to self: stop trying to trade forex

[dmedin]

No shorting.  Another unfruitful day for DJIA on the hourly time frame.  (In August there have been three trades signalled using my rules so far, and only one of them made money.  Yuck!)

[dmedin]

Looks like the hourly time frame is no good for me, as I just don't have the patience for it.

And I've spent so much time looking at charts that I have very few skills that would make me employable elsewhere.

It's five minutes or bust - noose time  

[Caseynotes]

1 hour ago, dmedin said:

Looks like the hourly time frame is no good for me, as I just don't have the patience for it.

And I've spent so much time looking at charts that I have very few skills that would make me employable elsewhere.

It's five minutes or bust - noose time  

thought you had a tested system. if not enough trades test it on a greater number of markets and possibly time frames.

[dmedin]

59 minutes ago, Caseynotes said:

thought you had a tested system. if not enough trades test it on a greater number of markets and possibly time frames.

 

I do Tom, I just needed to get a grip on myself this morning.

[Caseynotes]

S&P going down and closing in on yesterday's low at the monthly R1 (see chart above).

Dax and Dow M15;

[dmedin]

Gone short on DAX and FTSE 100 in hopes of getting some money back

 

[dmedin]

Need the DAX to keep falling to S3

Yes, this is a legitimate trade per my 'system'.

 

[dmedin]

Total disaster of a week.

Will do some backtesting of FX pairs this weekend and go back at it next week.

Got nothing else to do

 

[dmedin]

Oh Tom, I thought DAX was above to reverse but it's back down now.

 

[dmedin]

Nope!  Another fakeout.  Had about a dozen of them in a row this week

 

[dmedin]

Ending the week on a positive note.

[Caseynotes]

S&P and Nasdaq Monthly (so far) charts;

Sure hope nothing goes wrong for Apple.

 

[Caseynotes]

17 hours ago, dmedin said:

Nope!  Another fakeout.  Had about a dozen of them in a row this week

 

And your system survives that kind of failure rate, astonishing, it must be a really good system 👀

Key points of the day on M5;

A/ bulls attempt to push higher but bears counter with a reversal bar and take control.

B/ bulls attempt to get back above the pivot, bears say no, doji ---> red bar, key entry point.

C/ bears stopped at S2, try to break downward but get hauled straight back up by the bulls, bulls take control and push price back up to S1.

D/ bears try to re-take control at S1, legitimate entry point for a short but the very strong bull bar at E should have had you running for cover.

(stay away from the market open whipsaw 8 am and pack up at 4 pm as the only guys left are just closing out their day trades for market close at 4:30).

[dmedin]

4 hours ago, Caseynotes said:

And your system survives that kind of failure rate, astonishing, it must be a really good system 👀

Noooo  

I should try your 5 min system on the DEMO to keep me occupied instead 🤓

[dmedin]

Why didn't I take out this short trade on FTSE 100 as the rules of my system dictate?  Because the entry signal was generated at 1am when I was in bed 😢

[Caseynotes]

S&P into new highs.

Dax and Dow poised at resistance.

Daily Charts.

[Caseynotes]

Dax and Dow H1 charts;

[dmedin]

YAAAAAS EILEEN! 🤓💃

 

[Caseynotes]

before I found a mt4 pivot indicator that excluded the Sunday data I would look up the levels and draw my own.

[Caseynotes]

S&P continues breakout.

Daily charts;

[Caseynotes]

Dax and Dow H1;

[dmedin]

Germany has a big stonker this morning Eileen 😘

 

[dmedin]

You say potato, I say tomato 😘

 

[dmedin]

 

[Navarone]

2 hours ago, dmedin said:

You say potato, I say tomato 😘

 

[dmedin]

Samwise Gamgee and Peregrin Took 🤓💃

https://uk.reuters.com/article/us-usa-stocks/sp-500-nasdaq-close-at-record-highs-on-trade-vaccine-developments-idUKKBN25L16I

 

[Caseynotes]

Daily chart;

[Caseynotes]

Dax and Dow still below the pivot. M30;

[Caseynotes]

Dax and Dow M5;