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2 hours ago, Caseynotes said:

China delegation is in Washington to sign phase 1, will they do another runner at the last minute? 😂

 

Don't worry, the t*rd in chief will start his phase 2 BS come February and we can have another year of the same.  Oh, and the Brexit bull-locks will flare up again at the same time.  :D:D:D:D

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19 hours ago, dmedin said:

 

So if you'd just bought an S&P 500 ETF and reinvested the dividends you would have ridden out the troughs and your capital would not only have been preserved but appreciated handsomely, the longer you held it.

Everything I read on here leads me to suspect that traders are gamblers who lose money trying to beat 'buy and hold', and they fail over and over and over again and just never learn.

buy n hold using cfd's?

u will be slaves n keep on paying interest.....hardcore...lolx

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After three years at the White House, Trump has completely changed his view about the stock market.

Now he's euphoric and has turned to Twitter to brag about how the Dow's record-breaking run has added "VALUE" to the American Business.

But back in 2015 with the U.S. index 10k points below current levels he had warned of a "Bubble Like You've Never Seen Before".

Check out this snapshot, courtesy of Giuseppe Sersale, portfolio manager at Anthilia, who notes on Twitter: "It's impressive how views can change".

 

If the t*rd loves it so much that's as good a reason as any to steer well away from it 

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Look out everybody,,,I just bought cable...God loves a trier ...or so they say ....GBP_USD_20200114_11_49.png.59470878abd8bbb3f0539905aa87ba9b.png

I think it is A to $1.32 off $1.29 and we ve just completed C of B ,,,filing London gap left over from New years day at $1.2950.   C will take us back up to $1.32 or so before a plunge lower.....So I m a bear who is willing to hold £ just to sell later....

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53 minutes ago, cheviot said:

Look out everybody,,,I just bought cable...God loves a trier ...or so they say ....GBP_USD_20200114_11_49.png.59470878abd8bbb3f0539905aa87ba9b.png

I think it is A to $1.32 off $1.29 and we ve just completed C of B ,,,filing London gap left over from New years day at $1.2950.   C will take us back up to $1.32 or so before a plunge lower.....So I m a bear who is willing to hold £ just to sell later....

Mmmm  could nt hold 90 bid, guess we re going to take aleg down to $1.2910 now ?? 

 

 

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1 hour ago, cheviot said:

Mmmm  could nt hold 90 bid, guess we re going to take aleg down to $1.2910 now ?? 

 

When I look at FX I just see see-sawing up and down ... I wouldn't trade any FX pairs except maybe USD/Yen

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Steve Place @stevenplace

16h

"The Nasdaq Composite is currently 36% above its 200 week moving average. At the 2000 peak, it was 150% above This market is not like the Dot Com bubble."

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2 hours ago, cheviot said:

Mmmm  could nt hold 90 bid, guess we re going to take aleg down to $1.2910 now ?? 

 

 

Pound strength then is it?  Must be advanced-perspective insight that predicts higher interest rates after the imminent rate cut :D

EUR_GBP_20200114_15_34.thumb.png.3f569dff92ac4c7c92e9f90fc3b688c9.png

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1 hour ago, dmedin said:

Pound strength then is it?  Must be advanced-perspective insight that predicts higher interest rates after the imminent rate cut

Conversely ....£ getting bids on the back of Gilts going up,,,,Foreign buyers covering £ short....not unusual 

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Treasury Secretary Steven Mnuchin said late on Tuesday that the United States would keep in place tariffs on Chinese goods until the completion of a second phase of a U.S.-China trade agreement, triggering some profit-taking in risk assets.

 

Yep, sh!t-for-brains is going to pull the same stunt this year - 'phase 2'.  Like a true mob boss

https://uk.reuters.com/article/uk-global-markets/stocks-slip-ahead-of-u-s-china-trade-deal-signing-idUKKBN1ZE032

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Dow attempted to push higher and lower yesterday but supported at 28768 and capped at the recent and all time high. The deal signing today may provide a spur. Not much on the calendar other than the continued bank earnings and US PPI. Dax and Fstse waiting on S&P and Dow to move.

image.thumb.png.a595026a0ccfde6ea3229b7691131427.png

image.thumb.png.5336e5385ca0a9fb0e4e31578fae92f2.png

image.thumb.png.6cb78ae89053d9cd8d6e3a9190febe93.png

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The U.S. indices are all testing support this morning 😎

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21 minutes ago, dmedin said:

The U.S. indices are all testing support this morning 😎

as is often the case in an uptrend, an early check of support before an attempt to drive higher. The opposite is also often seen in a downtrend, a check of resistance before an attempt to continue lower.

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9m
 

It's hard putting a trade on knowing you could lose. Unfortunately, instead of embracing that possibility, most traders develop unhealthy coping mechanisms. They place the trade but convince themselves that they're right by overly focusing on details that confirm their views.

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What if the t*rd's 'amazing deal' is a great big nothingburger?   I don't really have the stomach for Trump-watching.  😵

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2 minutes ago, dmedin said:

What if the t*rd's 'amazing deal' is a great big nothingburger?   I don't really have the stomach for Trump-watching.  😵

the risk was that the Chinese would play the same game as last time when the presented a rewritten deal at the last minute reckoning the US would sign rather than have nothing but they didn't sign. still a lack of details this time round though.

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Dow races straight up to R1 on the US open which is just a touch below the all time high.

H1 chart;

image.thumb.png.151bf0e29da9c0b19ddb9f99f682d180.png

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Time and price on Dow and Sp 500 begining to tie up to forming a top , with top of channel (long term ) keeping a lid on these indx z,  Nb Dax FTSE  , not interested.....Also Oil (falling) and bonds ( rising ) tells you 2 things......The US and world economies are very slack.....Once they ve signed this deal.....Stocks will get dumped....😱

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16 minutes ago, cheviot said:

 

Time and price on Dow and Sp 500 begining to tie up to forming a top , with top of channel (long term ) keeping a lid on these indx z,  Nb Dax FTSE  , not interested.....Also Oil (falling) and bonds ( rising ) tells you 2 things......The US and world economies are very slack.....Once they ve signed this deal.....Stocks will get dumped....😱

FTSE 100 shallow 38% correction? 🤔

154747153_FTSE100_20200115_15_40.thumb.png.418e209a0fc8c525ed1e06b9aff5da80.png

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Dax is holding strong at 23.6%, implying there's a nice wave up to come :)

1537441923_Germany30_20200115_17_01.thumb.png.38e7ddb567758ec9844ddcb7d00dfc1d.png

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7 minutes ago, dmedin said:

Dax is holding strong at 23.6%, implying there's a nice wave up to come :)

If and only If it can hold the first wave up to 13250, It looks more like a bear flag to me...But it may just be a series of ABC X corrections....It needs to break the tops line now formed to confirm that indeed its going to push higher....If it fails...Then down we go,.....

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17 minutes ago, dmedin said:

Dax is holding strong at 23.6%, implying there's a nice wave up to come :)

Its a 5 th wave triangle .....Your RSI is dropping its churning sideways.....Same as US markets....561672688_Germany30_20200115_17_19.png.10d4fe253d65da7b911b883d3ce8e1bb.png

It all come out in the wash !! 

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Feels like a nice day for a key day reversal on the Dow ....If I was a bull I d be pretty disappointed with the way the markets trading...Up yes...but no volume and no follow through...Its more than in the price....😕

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9 minutes ago, cheviot said:

Feels like a nice day for a key day reversal on the Dow ....If I was a bull I d be pretty disappointed with the way the markets trading...Up yes...but no volume and no follow through...Its more than in the price....😕

Lol there are 2.5 hours approx left ... don't call it a day yet

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2 minutes ago, dmedin said:

Lol there are 2.5 hours approx left ... don't call it a day yet

Key day...Is a technical reversal....New high.....with a daily close below the previous days low....For the Dow its 28782.....

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3 minutes ago, cheviot said:

Key day...Is a technical reversal....New high.....with a daily close below the previous days low....For the Dow its 28782.....

We'll see :D 

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13 minutes ago, cheviot said:

Key day...Is a technical reversal....New high.....with a daily close below the previous days low....For the Dow its 28782.....

Friday was a high probability sell with the retracement back up to 29,000. Hoping for a close below 28782 today is not.

US30M15.jpg

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