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It's getting a bit hairy at the moment, Tom 🤯

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15 hours ago, dmedin said:

It's getting a bit hairy at the moment, Tom 🤯

a while back some smart joker said ... 'I didn't realise I was competing in a two way auction, I thought I was just gambling like I do in Vegas where if the action is really hot and the big guys are throwing lots of money around and the spread is getting bigger and bigger then that is exactly the right time to jump in, boy was I suckered.,

 

  • Thought provoking 1

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On 04/09/2020 at 21:48, dmedin said:

I guess I'm just not clever enough to 'see' it.  In the same way that EWP people can see complex corrections and waves within waves within waves, I just see lines wiggling up and down.  These people say they have success with plain charts and no indicators and I wonder how they do it.  (Actually, my brain is telling me that they are complete chancers who are using already-completed chart patterns and hindsight to make themselves look good ... the question is, why?)

https://www.forexfactory.com/thread/369763-richard-demille-wyckoff-method

I don’t have a problem with what you wrote, but it is off at a tangent to what I wrote and do.

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12 hours ago, Caseynotes said:

Brian Watt piecing it all together ...

image.png.93e50ff9ae4cadfc48b4b48ee72e36e7.png

image.png.744ccf56dd243b376630deac63f88990.png

image.png.5c4e94dbba6c08af4ea45154c02d5e06.png

image.png.6aeda354e0f9d85e95c731ba7e51ed9a.png

 

 

 

Isn't the benefit of hindsight wonderful, Tom?

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3 hours ago, AndrewS said:

I don’t have a problem with what you wrote, but it is off at a tangent to what I wrote and do.

What DO you do?  I'm on here all day everyday showing what I do.  Maybe I shouldn't and be more like you?

Edited by dmedin

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13 hours ago, Caseynotes said:

Brian Watt piecing it all together ...

image.png.93e50ff9ae4cadfc48b4b48ee72e36e7.png

image.png.744ccf56dd243b376630deac63f88990.png

image.png.5c4e94dbba6c08af4ea45154c02d5e06.png

image.png.6aeda354e0f9d85e95c731ba7e51ed9a.png

 

 

Time for a socialist government that provides healthcare for all, full employment and closes down the stock market swindlers for good :)

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49 minutes ago, dmedin said:

What DO you do?  I'm on here all day everyday showing what I do.  Maybe I shouldn't and be more like you?

I have disclosed the way I trade many times. One of the things I refrain from doing is making off topic comments like your last post.

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10 minutes ago, AndrewS said:

I have disclosed the way I trade many times. One of the things I refrain from doing is making off topic comments like your last post.

 

Good for you, bud.  :)

 

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Is this to be the beginning of several weeks/months of excruciating sideways price action...

 

Germany 30_20200907_15.15.png

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Well ... today was a total f*king dead horse.

'There's always tomorrow' - sadly.  Unless I die in my sleep :)

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Aussie index, if it drops below 'pivot', takes out the PSAR, and the MACD crosses below signal line then it's a short.

 

Australia 200_20200908_04.14.png

Edited by dmedin

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Also looking for a shorting opportunity on Nasdaq

 

US Tech 100_20200908_04.18.png

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Markets going nowhere, doing nothing, lots of money to be lost :)

 

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S&P looking to continue the bounce. Dax and Dow start above the pivot.

FTSE and S&P daily chart.

Dax and Dow H1;

image.thumb.png.c1fccf1aa4c04a404c83b0afa98bd5a3.png

image.thumb.png.3982a83c35f1fa5d40fffdde808617de.png

  • Great! 1

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I made a bad mistake on Friday evening by going short towards the end of the U.S. session, and again on Monday by trading a quiet market.  Let this be a reminder to all and sundry not to do such things.

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Chucked away £500.

Out of sheer boredom and frustration :D 

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How many weeks or months of excruciatingly painful sideways action do you think we will see, Tom?  I seem to remember after the June pullback it took a month and a half to get a new high.  That's plenty time to give back all of your profits and then some :)

 

Germany 30_20200908_08.30.png

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1 hour ago, Caseynotes said:

S&P looking to continue the bounce. Dax and Dow start above the pivot.

FTSE and S&P daily chart.

Dax and Dow H1;

image.thumb.png.c1fccf1aa4c04a404c83b0afa98bd5a3.png

image.thumb.png.3982a83c35f1fa5d40fffdde808617de.png

It's okay, but needs more lines.

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Dow just broke down through the pivot so worth looking for short setups.

2 minutes ago, dmedin said:

Time to short Wall Street, Tom? 🤓

Wall Street_20200908_09.17.png

 

  • Great! 1

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    • I would says so, unless you are dealing with short time frames and large sums of money and you are able to be glued to the screen 100% of the time and give it your full attention.
    • So that's a bearish candle, after an up move that's running out of steam (with small read bodies and long legs), falling back down towards established Fibonacci levels, with a MACD crossing from above 0 and RSI below 50     At one point I had the RSI set to 9, and that additionally gives an overbought divergence (price goes higher but RSI doesn't).  This also gives a nice oversold indication when the move down is coming to an end  
    • MACD and RSI are saying the same thing (MACD crosses below signal and RSI drops below 50) What's really useful here though are those Fibonacci levels.  (Except when they aren't, like where the big horizontal oval shape is)  
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