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Patricia, Eileen, Alexandria and Frodo Baggins - buy the dip already?

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Ooh Samantha, a bit of late night action¬†ūüźģ

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Ha yes, yesterday's S&P candle looks a bit different from when I last looked last night.

Dow bull flag on yesterday's high.

FTSE and S&P daily.

Dax and Dow H1 charts;

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Well this is probably my last post here and so as Mr Dante says

Goodbye Legends

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5 minutes ago, AndrewS said:

Well this is probably my last post here and so as Mr Dante says

Goodbye Legends

that's a shame, why?

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5 minutes ago, Caseynotes said:

that's a shame, why?

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

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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¬†ūüĎĬ†

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Dax found support and wanting to go higher but waiting for Dow.

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Posted (edited)

Dax and Dow continuing sideways for now.

M15 charts;

image.thumb.png.099b5a8fb2ab93b07f74f0b0541d6272.png 

Edited by Caseynotes

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Dax pulling away to R1 as Dow passes through yesterday's high.

M15;

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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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Oh Eileen, Nasdaq isn't out of the woods yet :(

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Dax was chaffing at the bit all day but in the end was forced to come to heel.

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S&P tags the monthly R1 before dropping back.

Dow finding support at yesterday's low.

FTSE and S&P daily.

Dax and Dow H1 charts;

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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 sandūüėČ

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Dow stalling on the way to retest H1 resistance (green 26803).

Dax and Dow M15

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On 15/07/2020 at 08:59, AndrewS said:

Well this is probably my last post here and so as Mr Dante says

Goodbye Legends

Come on now, Peregrin Took¬†ūüźģ

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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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Well, toots, the Nasdaq 100 is still out of commission ūüėē

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

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Posted (edited)
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.  :)

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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.

 

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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.

Edited by AndrewS
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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.

https://www.youtube.com/channel/UCh_s7EIUrcaijXhSPbxywiQ

 

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How about practicing Elliot Wave?  

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