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3 hours ago, dmedin said:

Oh well... heads you lose, tails you also lose, such is the nature of retail trading :P 

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26 minutes ago, Caseynotes said:

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Reminiscent of the interview with Mark Douglas.

 

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3 minutes ago, AndrewS said:

 

Reminiscent of the interview with Mark Douglas.

 

Cricky, that takes me back a bit.

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Zut alors, Wilfred!  😱  DAX is pulling back a fair bit.  Are you waiting for the U.S. open?

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4 minutes ago, dmedin said:

Zut alors, Wilfred!  😱  DAX is pulling back a fair bit.  Are you waiting for the U.S. open?

Waiting for what?

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Posted (edited)

Waiting before going short 😎  I went in short this morning, but I might close it before the U.S. open 🤔

Edited by dmedin

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Just now, dmedin said:

Waiting before going short 😎

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

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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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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.

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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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It was all a false alarm, go long 🥳

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

Best performing stocks over the last 30 years;

(The Market Ear)

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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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Nice beat on the ISM US non-manu PMI 55 at 3pm giving the Dow a boost up on a check of the daily pivot after a lame day so far.

M15 chart;

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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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Dax pushing on through the pivot to catch up with Dow which is eyeing up R1.

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Posted (edited)

Dax and Dow neck and neck in the race to R1;

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

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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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