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The FTSE 100 has sh!t the bed, will the other indices follow?

23480317_FTSE100_20200709_10_23.thumb.png.f5a00aae6de3cefd621f234c7d8315e7.png

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Dax, broke out of one consolidation range only to straight into another 🥱

389205527_Germany30_20200709_11_11.thumb.png.297c03514bce56ff456305d06743ce3a.png

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Will the U.S. unemployment claims @ 13:30 give us a wee boost Eileen 🥱🥴

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11,673 for Nasdaq in sight 🐮

NASDAQ-Daily.thumb.png.be7719830c11db22c5e47cc09818f369.png

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Have we got lift-off now bonnie loon🐮

996352498_Germany30_20200709_13_26.thumb.png.9ee322fe79cc4de20244bd80d8bb89e3.png

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1314K vs 1375K

 

Well now, isn't that nice :)

 

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Indices dropping in a big way at the U.S. open :(

 

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On 07/07/2020 at 11:49, dmedin said:

Looks like we're got months of more-or-less sideways price action to look forward to, boys and girls.  Lots of false breakouts and money to be lost :) 

:)

 

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7 minutes ago, dmedin said:

Time to give up on the indices?

 

The reason I trade the indices is because of the ATR.

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No wonder so many 'successful traders' make their money from selling training courses :D

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24 minutes ago, Caseynotes said:

The reason I trade the indices is because of the ATR.

Good point. The range compared to the spread is still good. I don’t care if the main move it is all over in 2 hours.

  • Like 1

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7 minutes ago, dmedin said:

No wonder so many 'successful traders' make their money from selling training courses

google says there are around 10 million traders world wide and you've probably heard of around 50 educators selling trading courses 🤔 

 

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35 minutes ago, Caseynotes said:

The reason I trade the indices is because of the ATR.

So you scalp on short time frames, good that you can do that - in my experience it is a complete disaster and there's general agreement (as far as I can tell) that it is by far the riskiest and hardest way of trading.  

And if you're doing minimum bet size, 20 or 30 points in your favour isn't even worth the hassle.

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2 minutes ago, dmedin said:

in my experience

🧐🤔🙄

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3 minutes ago, Caseynotes said:

🧐🤔🙄

Fk you, sc^mbag.

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On ‎05‎/‎07‎/‎2020 at 15:46, elle said:

FTSE 100

Capture ukx.PNG

Retested

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2 minutes ago, Caseynotes said:

👀

F*k off.

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26 minutes ago, AndrewS said:

Good point. The range compared to the spread is still good. I don’t care if the main move it is all over in 2 hours.

Go on then, tell us about your trades today.

 

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8 minutes ago, elle said:

Retested

Huh?

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4 minutes ago, dmedin said:

Go on then, tell us about your trades today.

 

If the market conditions are a choppy consolidation then a scalp with a high probability setup is less risky than aiming for an extended swing trade.

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1 minute ago, AndrewS said:

If the market conditions are a choppy consolidation then a scalp with a high probability setup is less risky than aiming for an extended swing trade.

Blah blah blah

 

What about your trades?

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3 minutes ago, dmedin said:

Blah blah blah

 

What about your trades?

Opened a short on the Dax around the daily R1 pivot and closed around the daily pivot.

  • Great! 1

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Just now, AndrewS said:

Opened a short on the Dax around the daily R1 pivot and closed around the daily pivot.

Well done!

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2 minutes ago, dmedin said:

Blah blah blah

 

What about your trades?

while you've been sat there wasting your time the market just dropped 100 points and is still going. you should look and listen.

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