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That is the 50% retrace for  the Dow and S&P. 

It's the opposite, I don't think I'm cut out for day trading.  I still would have been better off keeping a position open from Christmas, even now.  I zoomed out to the day chart and the overall pictu

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11 minutes ago, AndrewS said:

I think participation in the forum has run its course in what I can usefully contribute and learn from.

I wouldn't worry too much, I just concentrate on troll control and links to sites that give better explanations of basic principles than I can give myself 👀 

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5 hours ago, AndrewS said:

I think participation in the forum has run its course in what I can usefully contribute and learn from.

Sounds like you have a good system that works for you.  It doesn't make any sense to me but that's totally irrelevant :)


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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

Line (s) in the sand😉


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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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On 12/06/2020 at 20:37, AndrewS said:

Since February 27 I have had 1,736 profitable trades out of 1,963 trades and am profitable on every instrument I have traded.


Sounds like you don't need to learn anything more.

Maybe you could help others to learn?  (Besides posting tiny illegible charts that don't help anyone)

Then again, this forum isn't really helpful for anything - a bit like IG itself.

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3 hours ago, dmedin said:

The DAX finished the week on a positive note and the DJIA did not.  So, f*k that sh!t.  :)




Well back due to popular demand (?), but weekends only. I am no fan of the forum platform IG has, which resembles Facebook.

This is the correlations with the Dow and Dax over the last ninety 1 minutes, ninety 5 minutes and so forth.





Since the high of the Nasdaq and the consolidation at the recent highs the Indices have been going there own way somewhat. The Dow and S&P500 as well as the Dax and FRA40 have had low correlations. Actually the Dax and S&P500 resemble each other more than they do the Dow. But this is something one can see on the charts in real time. The Dax pulling ahead on its own to make a high for the week leaving the Dow behind  (perhaps because upbeat information was due from China in 12 hours time). To my eye, the Dax visibly resembles the S&P500 more than the Dow for a couple of months.

But I am not going to dump the Dow in favour of the S&P500 because of a one day loss in the last twenty days.

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I’ve started to look at Brian Watt’s videos which others have mentioned. Even if his 20 point boxes are better than daily pivots for the S&P500, I am staying with the daily pivots on the seven indices which I watch because I want my eyeballs on the same thing over and over. The area of most improvement for me is improving an assessment of market conditions anyway.



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