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2 minutes ago, dmedin said:

Who doesn't? :)

 

 

2 minutes ago, Roadrat said:

Thanks for the information.

🤣 I try.

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Never a day goes by when someone in expensive clothes with immaculate hair and makeup tells us that the markets  hate uncertainty in the financial media.  Who the f*k does?  Stop spouting stupid platitudes...

Edited by dmedin

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3 minutes ago, dmedin said:

Never a day goes by when someone in expensive clothes with immaculate hair and makeup tells us that the markets  hate uncertainty in the financial media.  Who the f*k does?  Stop spouting stupid platitudes...

o dear, you losing again 🤔

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34 minutes ago, Caseynotes said:

o dear, you losing again 🤔

No, actually I closed up yesterday at a profit target but I'm still in a bad mood - most be for other reasons?

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54 minutes ago, Caseynotes said:

o dear, you losing again 🤔

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?

Edited by dmedin

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5 minutes till US open....... Just need to be careful of people closing positions at the end of the day causing a sudden rebound.

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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

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1 minute ago, Caseynotes said:

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

So do I.  BTW did you know that the markets don't like uncertainty?  There's some real insight for you!

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Intraday levels Dax and Dow.

M15 charts;

image.thumb.png.d8b72bf1db4986b9fd61ad0eb3807af1.png

1 minute ago, dmedin said:

So do I.  BTW did you know that the markets don't like uncertainty?  There's some real insight for you!

meds kicking in then.

  • Great! 1

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Is it going to bounce off 20 SMA and go back down :(

1302594651_WallStreet_20200228_18_03.thumb.png.90a3512fd2daa97d1af8d0c82fe96d7f.png

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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

 

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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 ...

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40 minutes ago, dmedin said:

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

The reason I use 5 min charts is because the markets hate uncertainty.

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Too early to call a bottom but some higher lows 

needs to take out 12 000

Needs to wiggle around and shake out some weak hands (long) and some shorts to squezze out😉

 

 

DAX 3.png

Edited by Kodiak
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A wiggle and a shake and squeeze one out, sounds good :D

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Indices may be bottoming out, Dow finding support at it's old monthly chart support level (purple).

H4 charts;

image.thumb.png.bfcae42300117fead819c248e422d852.png

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18 minutes ago, Caseynotes said:

Indices may be bottoming out, Dow finding support at it's old monthly chart support level (purple).

Dow weekly chart (quite spectacular);

image.thumb.png.1fad69b9b7035b83292c32be3c078030.png

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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

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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.

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Record $128 Billion traded in SPY on Friday.

$414 Billion in ETFs as a whole, 4x the average.

image.png.99b815ab9240afafcb3f95317e7cac86.png

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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.

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