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Was interesting @PandaFace, even more so now as people realised Trump was only discounting the most severe response  to China (for the moment), not actually halting the 'trade war'. Bounce off th

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

Dax pausing at the weekly R1 and Dow within striking distance of it's all time high. H1 charts;

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  • 4 weeks later...

Panda 

 

Idea is good ,but not practical, after you lose 2 years amd are into your 3 rd year, then you deicide it may not work in the future.I admit Casey is very good at theories.

 

It is like the trend follower who can't take  the 7 losses in a row and 6 months of no profit.He quits  because it is not practical.

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That last post doesn't make any sense either. The strategy is successful. The proof is in front of you. One trade lasting 6 months, taken every year, for 18 years results in 14 wins and 4 losers (this obviously includes the crash 2007, 2008).

 

What is there not to understand about this.

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It is just another trade, you open it in November and close it in May. Over the last 18 years 14 were winners (78%) and 4 were stopped out (22%).

 

You never actually read the post did you. This happens often, you jump in to critique without actually reading the play, this inevitably leads to ongoing confusion as the points you raise don't have any reference or bearing on what has actually been put forward.

 

No one said it had to be your only trade of the year, that doesn't even make sense. Any strategy could have 2 losers in a row, so what. It is a trade not an investment, it doesn't pay dividends through the year, a profit is realised when the trade is closed. Many traders hold trades open for months at a time.

 

None of the points in your last post have any meaning or relevance to the actual strategy.

 

 

 

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Hi   Good question, and good timing for the question.  There is a decent chance the ASX could reach the 6160 level as this month is our financial year end, meaning often (no guarantees) the large institutions (local) fiddle their books for this (tax tricks).  If needs be, they'll get up there against global headwinds.  

But you never know what they're doing...  I'll have a think about it.  

After that, hard to see it getting near the 2007 record.  Amazing it was that long ago...

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So dax was indeed rescued by the dow as 24084 held and price reversed in the morning session, then a surge up for both after midday on news Trump was not planning to invoke 'national emergency law' on China.

dow and dax comparison 1 hour charts.

dd1.thumb.PNG.782af1e60689d321cd8603c3c56c9bd3.PNG

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