Jump to content

Indices


Recommended Posts

  • Replies 5.3k
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Popular Posts

JESS ........TWO BARKS FOR BUY     ONE BARK FOR SELL   ???

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

Posted Images

I just kinda wish this forum will be more exciting with respective traders' thoughts, views and position. The charts posted here has no meaning to me. Am I dumb or what?

Link to post
1 hour ago, BoJK said:

I just kinda wish this forum will be more exciting with respective traders' thoughts, views and position. The charts posted here has no meaning to me. Am I dumb or what?

There are plenty of forums around that will tell you what to do, they have a very high participant turnover though.

These charts are flagging in advance significant levels that price may well need to either push through with volume or reverse.

Link to post
25 minutes ago, BoJK said:

Casey, what's your view for DJ futures? I just need some direction from a pro who is watching charts day in day out 24/7. 

The current main driver is vaccinations now that the election is settled and no other new news.

on the monthly chart price has been capped for the last 4 months and needs some special news to drive it up and over otherwise it will get tired and head back down looking for support.

The vaccination rate news for EU and US is sluggish, Biden can't do anything to increase it.

as usual, go with the flow but don't buy directly into resistance or sell directly into support.

image.thumb.png.182f00e98334fdc9f71c76b568345217.png

Link to post
  • 2 weeks later...

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • General Statistics

    • Total Topics
      15,135
    • Total Posts
      73,154
    • Total Members
      61,471
    • Most Online
      5,137
      14/01/21 09:51

    Newest Member
    Floodr26
    Joined 07/05/21 14:34
  • Posts

    • Yeah i'm talking about trading.  I think what i'm trying to figure out is how i'd fair in a crash given you don't really know its happened until its happened.  I suspect i would lose money initially but then should be able to turn it around, assuming the market recovers of course.  There are also whole years where markets go into reverse trends and again i guess i could trade those but its easier to see that's what's happening once it been and gone, at the time you might always be looking for the market to turn upwards and it keeps trending downwards.
    • The answer depends a lot on your personal circumstances, time horizons, whether you're trading for fun / extra cash or to make a living etc. If you're a long-term investor and have confidence in the quality of your holdings, then a bear market (defined as a 20% drop from the highs) is usually a great opportunity to top-up (personally I would do this by drip-feeding into the market slowly as it's impossible to be sure when a bottom has been reached). If you're a trader then market crashes and the associated volatility usually throw up lots of good trading opportunities but easy to get burnt if you don't know what you're doing. I always think of crashes / bear markets in this way...as scary as they can be, they're actually (eventually!) the beginning of the next bull market, as the Covid crash of March 20 proved to be most recently - best buying opportunity in many years. As you're relatively new to trading I would highly recommend reading 'The Disciplined Trader' by Mark Douglas. Expensive to buy usually, but well worth every penny. Hope this is all of some help to you.
    • Hi all, do you have any advice about what to do when a market crashes? I would assume a major crash was like what we saw last year when coronavirus broke. I only started looking into trading just after that happened so have not experienced one yet. Although was involved in the recovery which was a baptism of fire..I guess the question is, do you know when you're in a crash scenario? Of course the news might give clues but you don't know how far the market will fall so are you inevitably going to lose money at least in the short term? This especially if you're a long trader. I assume you don't just carry on trading as you normally would. Thanks for the advice.
×
×
  • Create New...