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I use only 2 MAs as a filter (used the same settings long time) Had some time over and did a backtest buy sell on cross I used a trailing stop and optimized the trailing stop only and for 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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2 minutes ago, Caseynotes said:

with a chart that looks like that why wouldn't I be going short already? 🤨

ah, you edited your post after I had replied, I would be wary of staying in short for too long during any retracement especially around these levels which is essentially the bottom of a consolidation period in what is still a bull market. 

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4 hours ago, Caseynotes said:

ah, you edited your post after I had replied, I would be wary of staying in short for too long during any retracement especially around these levels which is essentially the bottom of a consolidation period in what is still a bull market. 

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There was a very sharp turn at 14:30 GMT, will it regain the points it lost over today?

It was down 200pts, now down around 150 regained 25% of that downward movement. 

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6 minutes ago, CharlotteIG said:

We also have the following coming out at 14:45 GMT: 

USD Markit Services PMI (Dec)  & USD Markit PMI Composite (Dec) 

Something to look out for.

Both a beat on expectations;

Services 52.8 (est 52.2)

Composite 52.7 (est 52.2)

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Strong bull yesterday for Dow and a strong start this morning as well, heading back up towards the all time high. Dax still some work to do to reclaim Friday's losses and Ftse also starting the day strongly.

Daily charts;

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15 minutes ago, Caseynotes said:

S&P 500.  Last 30 years total return 1627%.

Haha just imagine if someone bought and held an S&P 500 ETF and reinvested the dividends over the years.  They would have made a fortune by doing totally nothing 😮 

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Iran's Foreign Minister Mohammed Javad Zarif tweeted that Iran was finished fighting and was not actively pursuing any kind of escalation to the conflict. Markets look to be in recovery mode after Iran's missile attack. US response seems they are not surprised by Iran and may also be looking to settle the recent escalation.

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2 minutes ago, AndrewS said:

Caseynotes, your  daily pivots for the Dow look fine to me, but the Dax pivots seem to have been calculated differently.

wouldn't surprise me if I'd mucked up as I switch between daily and weekly depending on chart time frame and day of week (on Mondays I use the weekly pivot on the intraday charts).

but just checking and they both look to be set to IG mt4 default Daily HLC/3 (Typical).

are yours different?

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