Indices

[dmedin 870]

Big selloff begins

 

[dmedin 870]

Steady on Eileen! 🤓

 

[dmedin 870]

Come on Eileen 🤓

 

[dmedin 870]

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

[Caseynotes 2,842]

Daily Charts;

[Caseynotes 2,842]

Dax and Dow H1 support at S2.

[dmedin 870]

Yesterday was just horrible.

Today is shaping up to be a stinker too.

[dmedin 870]

Here comes Nasdaq

[Caseynotes 2,842]

Dax and Dow M15;

[dmedin 870]

Cripes Eileen! 🤓

[Caseynotes 2,842]

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 870]

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 870]

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

[RANZ 14]

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 14]

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 2,842]

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 870]

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 870]

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 14]

@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 870]

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 870]

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

[dmedin 870]

Bordering on short territory 🤔

[Caseynotes 2,842]

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 870]

22 hours ago, dmedin said:

Here comes Nasdaq

 

This one was profitable, at least 😘

 

[AndrewS 111]

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 2,842]

Daily pivot holding for now;

Dax and Dow M15;

[dmedin 870]

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

[dmedin 870]

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

[dmedin 870]

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 870]

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