Jump to content

Indices


Caseynotes

Recommended Posts

14 minutes ago, dmedin said:

Maybe it feels bad to 'pile on' and make profit out of a situation that's causing people a lot of worry and losing a lot of money, what do you think?

i think the market will go up and down no matter what you think.

Edited by Caseynotes
Link to comment

My last trade was shorting the Dow there and closing at the first trouble area. I’ve read that about 30% of the volume on the US indices is arbitrage which is why they are so closely correlated. I think the sign that there was a further fall on the cards was when the Nasdaq closed a 5 min candle below its 20 period moving average and the Dow then dropped 169 points on its next 5 min candle.

US30M5.png.26aa2cb9dc75266c14e732ccb15b7416.png

 

NAS100M5.png.ef9ac37e3a1e8afa5c209e03c6d63b40.png

 

Link to comment
7 minutes ago, AndrewS said:

I think the sign that there was a further fall on the cards was when the Nasdaq closed a 5 min candle below its 20 period moving average and the Dow then dropped 169 points on its next 5 min candle.

 

'The'?  I won't go anywhere near a 5 minute chart but I managed to find a signal on the one hour ...

Link to comment

Everyone has their own view of where the Dow might go from here. My assessment going into March has not changed from yesterday despite testing ~24600 already and recovered to ~25700 after hours.

We are heading for at least Dow 22000 guys. Anyone dare go long from here has to eat some serious humble pie - including myself if I am spectacularly wrong on this one. But I don't think so...

The Jag F Type V8 looks like a nice car....😁😁

Edited by HPbrand
Link to comment
20 minutes ago, HPbrand said:

Everyone has their own view of where the Dow might go from here. My assessment going into March has not changed from yesterday despite testing ~24600 already and recovered to ~25700 after hours.

We are heading for at least Dow 22000 guys. Anyone dare go long from here has to eat some serious humble pie - including myself if I am spectacularly wrong on this one. But I don't think so...

The Jag F Type V8 looks like a nice car....😁😁

Reversal trading off direct levels is a bit of a specialist art form, I would always look for some form of PA confirmation that a reversal has taken place and been tested before looking for any entry in the opposite direction, same for tops as for bottoms, no need to be the hero.

  • Like 1
Link to comment
2 hours ago, Caseynotes said:

no need to be the hero.

I think you mis-intrepreted my intention or the meaning of what I wrote. 

My only intention is to make money trading. Being a hero or whatever else is irrelevant to me. I don't know anyone from this forum in real life and it's not my intention to offend anyone either.

I wrote about Dow levels as a way to make sure that what I think is absolutely what I believe in. This is all public. I will be the laughing stock, like Mr Nenner, if I'm very wrong.

Going forward, I will leave out the specific levels of indices I think has a greater probability of happening. Banter between individuals in forums should be fun and light hearted.

  • Like 1
Link to comment
5 minutes ago, HPbrand said:

I think you mis-intrepreted my intention or the meaning of what I wrote. 

My only intention is to make money trading. Being a hero or whatever else is irrelevant to me. I don't know anyone from this forum in real life and it's not my intention to offend anyone either.

I wrote about Dow levels as a way to make sure that what I think is absolutely what I believe in. This is all public. I will be the laughing stock, like Mr Nenner, if I'm very wrong.

Going forward, I will leave out the specific levels of indices I think has a greater probability of happening. Banter between individuals in forums should be fun and light hearted.

no I wasn't worried about your post at all I was just pointing out that though I post levels and suggest when price is having problems continuing at some point I myself don't actually trade the levels but use them as places of interest to keep an eye on. When there is a reversal it's likely to be confirmed at some point which is where I would begin to look for an entry. You can keep posting specific levels to your hearts content.

Link to comment
1 minute ago, Caseynotes said:

also noting the volume data for the week and especially Friday is amazing; 

image.thumb.png.df2553686b21abeb5cb03bf7c52ab15c.png

It puts that entire uptrend into perspective, doesn't it?  It costed upwards on negligible volume.  COT showed that large speculators  were never heavily net long either.

Link to comment
1 minute ago, dmedin said:

John Kicklighter from DailyFX is a sensible fellow, I enjoy his videos.

yes he is sound and sensible, I've been following his stuff since about 2012 when dailyfx was tied to FXCM.

 

1 minute ago, dmedin said:

It puts that entire uptrend into perspective, doesn't it?  It costed upwards on negligible volume.  COT showed that large speculators  were never heavily net long either.

yes the big hedge funds started late and were chasing so never got fully loaded, at some point they will be thinking 'crikey, this is cheap'. 

  • Great! 1
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • General Statistics

    • Total Topics
      16,577
    • Total Posts
      79,200
    • Total Members
      65,050
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    Zhr
    Joined 28/11/21 19:26
  • Posts

    • Hi, sorry to be too late but a reminder that for when the market moves against your week day position over the weekend consider a hedging position in the weekend market in the opposite direction to your weekday trade so that overall your PnL remains fixed.
    • I don’t think you can as the market is closed - I’ve researched this and if “slippage” occurs and you have a “normal stop loss” which happens to be lower than opening price then you get executed at opening price, (which I guess is 11pm tonight)  apparently you need to select “guaranteed stop loss” to allow yourself to guarantee a stop at your chosen price.  fingers crossed. I’m in too deep really, it’s been an awful weekend worrying!!🤦🏼
    • Hi Rob, pretty sure you can still change your stop loss or take it off entirely, if that was something you wanted to do, just go into positions and adjust or if you wanted to take off you delete and press return, good luck with whatever you decide 
×
×
  • Create New...