Indices

[Caseynotes]

very dull 3 hours in the Dax;

 

[dmedin]

The bears are back.  A mighty struggle being waged here

[dmedin]

11 minutes ago, Caseynotes said:

very dull 3 hours in the Dax;

 

Stalemate

 

[dmedin]

Big selloff begins

 

[dmedin]

Steady on Eileen! 🤓

 

[dmedin]

Come on Eileen 🤓

 

[dmedin]

A sh!tty up and down day, commiserations to all those who actually placed trades, myself included

[Caseynotes]

Daily Charts;

[Caseynotes]

Dax and Dow H1 support at S2.

[dmedin]

Yesterday was just horrible.

Today is shaping up to be a stinker too.

[dmedin]

Here comes Nasdaq

[Caseynotes]

Dax and Dow M15;

[dmedin]

Cripes Eileen! 🤓

[Caseynotes]

S&P back up to resistance waiting for something new to push it up and over, if not then likely back down again.

FTSE and S&P Daily.

Dax and Dow H1;

[dmedin]

Wonder if PMI will stop the selloff A lot of resistance to going any higher, stalemate for weeks on end 😢

 

Edited August 21, 2020 by dmedin

[dmedin]

Another day of sheeeit, I've got to stop watching markets - just too depressing - and stick to mechanical trading.

[RANZ]

2 minutes ago, dmedin said:

Another day of sheeeit, I've got to stop watching markets - just too depressing - and stick to mechanical trading.

I always get the impression you only do long? is it?

[RANZ]

17 minutes ago, dmedin said:

Wonder if PMI will stop the selloff A lot of resistance to going any higher, stalemate for weeks on end 😢

 

 

German PMI data is bad, UK data is much better but still both going downwards.......

[Caseynotes]

13 minutes ago, dmedin said:

Wonder if PMI will stop the selloff A lot of resistance to going any higher, stalemate for weeks on end 😢

the expected US PMI is slight improvement over last month, but if comes in if is less than 50 could be in for a big drop Friday.

[dmedin]

17 minutes ago, RANZ said:

I always get the impression you only do long? is it?

Only long when the price is above 200 EMA  

 

[dmedin]

I mean, I don't do 5 minute charts going long and short based on incredibly fly-by-the-seat-of-your-pants signals, but maybe that's the only way to profit from 3 - 4 weeks of price going absolutely f*king nowhere (on hourly, 4 hour and daily charts)

Edited August 21, 2020 by dmedin

[RANZ]

@dmedinI've a naughty question to ask, are you a compulsive trader?

for me as well, 1 minute chart does nothing, I find hourly best. But then I don't do technical and fundamentals much I do more on patterns trading. 

Edited August 21, 2020 by RANZ

[dmedin]

2 minutes ago, RANZ said:

@dmedinI've a naughty question to ask, are you a compulsive trader?

for me as well, 1 minute chart does nothing, I find hourly best. But then I don't do technical and fundamentals much I do more on patterns trading. 

I am, and I struggle to find other things to do during the day to keep me occupied and away from trading

[dmedin]

'The trading industry needs a constant fresh supply of losers' - Dr Alexander Elder  

[dmedin]

Bordering on short territory 🤔

[Caseynotes]

14 minutes ago, dmedin said:

'The trading industry needs a constant fresh supply of losers' - Dr Alexander Elder  

doesn't actually need them, they're just a tasty snack before the big boys start taking bites out of each other.

[dmedin]

22 hours ago, dmedin said:

Here comes Nasdaq

 

This one was profitable, at least 😘

 

[AndrewS]

27 minutes ago, dmedin said:

I am, and I struggle to find other things to do during the day to keep me occupied and away from trading

My routine includes playing a game of FreeCell to see if I have my wits about me and there is something useful in approaching the game by only moving a card when you are confident that it is an improvement. I usually have favored indices for going long or short and set price alarms as a visual reminder of an assessment at the beginning of the session. This week most of my time has been spent reading a book and only glancing at the charts every 15 min.

 

https://www.free-freecell-solitaire.com/

[Caseynotes]

Daily pivot holding for now;

Dax and Dow M15;

[dmedin]

Today is shaping up to be an even bigger stinker than Wednesday.  Devastating losses for me this week 😢