Indices

[dmedin]

2 minutes ago, nit2wynit said:

So, are you winning these days?

Yes, I'm doing much better than I was last year! (Still throwing money away with some unnecessary trades though)

The morning star!

[nit2wynit]

Glad to hear it

 

[dmedin]

OH NO!

 

[dmedin]

Ahh! Rollercoaster ride

[dmedin]

16 minutes ago, nit2wynit said:

Glad to hear it

 

Hope you are getting some results

 

[nit2wynit]

I'm still not Live pal.....Tested my fear again last month and lost £60 over 20 trades.  Small £2 or so losses throughout the day.  I knew i still had the Fear so needed a Live test on it.  Yep, still very much there even for £2!

Though I've no doubt the Breakout Out strategy works, I'm not sure I'm cut out for this after all.    I simply can't handle a Loss! 😮


We'll know by the end of the year.
 

Edited March 2, 2020 by nit2wynit

[dmedin]

Rally has now fizzled out, time to lose oodles of money! (Again!)

[dmedin]

Hallelujah!  A ray of light appeareth

[dmedin]

Scr3wed again.  Wow volatility really is my friend

[Caseynotes]

Biggest single up day in Dow history yesterday most of which occurred in the last hour of the US session. Could be another high velocity, high volatility day again today. Stay safe out there people 🙂

[Caseynotes]

Charlie Bilello  @charliebilello

S&P 500: with 96% of companies reported, Q4 operating earnings up 12% YoY, Sales up 6.8% YoY. $SPX

[Caseynotes]

Huge buying volume on tech stocks yesterday.

[Bopperz]

Morning all,

Predictions for the day? FTSE was falling nicely yesterday morning before reversing upwards in the afternoon and evening. I guess we will have to wait for the US open to determine direction again today?!

[dmedin]

Hurrah!  I left positions open overnight and they're still open and in profit

[dmedin]

Buy the dip, Mrs Parsnip 🐮

[Caseynotes]

Dow trying to push through H1 chart resistance, Dax same for H4 resistance

M15 charts;

[Caseynotes]

Dow testing near term support on the US open.

M15 charts;

[Bopperz]

spike spike spike!

 

Edited March 3, 2020 by Bopperz

[dmedin]

Whoop whoop! 🐮🤠👍

[dmedin]

22 minutes ago, Bopperz said:

spike spike spike!

 

 

 

 

The Fed is giving away more free money to the markets

[HPbrand]

Looking at the current bounce of the Dow, I suspect this is not the bounce to 30000+.  Panic was created to go to only ~24600 this time. At what level will people start to lose hope and willingly take a big loss on their long positions? Close to my proposed number or even lower. But that would only stay very short term for the real direction of the Dow longer term is up.

The coronavirus  created a panic affecting all the GDP figures to be released later.  Let's see if that would be the time to justify the big drop once again.

 In the meantime, I keep my medium term short positions and day trade the volatility.

[dmedin]

11 minutes ago, HPbrand said:

Looking at the current bounce of the Dow, I suspect this is not the bounce to 30000+.  Panic was created to go to only ~24600 this time. At what level will people start to lose hope and willingly take a big loss on their long positions? Close to my proposed number or even lower. But that would only stay very short term for the real direction of the Dow longer term is up.

The coronavirus  created a panic affecting all the GDP figures to be released later.  Let's see if that would be the time to justify the big drop once again.

 In the meantime, I keep my medium term short positions and day trade the volatility.

 

You can look at the Fed's emergency decision as an admission of weakness ... people are seeing that this whole thing is a house of cards ... six months of hard work wiped up in a few days ... and the virus isn't even the real reason ...

Edited March 3, 2020 by dmedin

[dmedin]

https://uk.reuters.com/article/us-usa-fed/in-an-emergency-move-federal-reserve-cuts-interest-rates-to-battle-coronavirus-idUKKBN20Q22F

Preventing mass layoffs is what this is about

 

[Bopperz]

21 minutes ago, dmedin said:

https://uk.reuters.com/article/us-usa-fed/in-an-emergency-move-federal-reserve-cuts-interest-rates-to-battle-coronavirus-idUKKBN20Q22F

Preventing mass layoffs is what this is about

 

This is going to put a big spotlight on zero hour contracts and jobs where you have 10 contracted hours but do a LOT of regular overtime.

As business takes a hit, those hours are going to disappear, and sick pay? Not happening.

[dmedin]

G7 resists government spending: https://uk.reuters.com/article/us-health-coronavirus-g7-exclusive/exclusive-g7-to-make-no-direct-calls-for-fiscal-monetary-support-in-coronavirus-statement-sources-idUKKBN20Q0D2

 

These people are batsh!t crazy ... Populism will continue to spread all over Europe.  There's even a new refugee crisis brewing and these b@stards are just totally oblivious.

[dmedin]

Closed all my longs (including gas, excluding gold) and now looking to sell the rally when/if the signal cometh.  Sell the rally, Sally 🐻

[dmedin]

Is S&P 500 going to bounce off the long term trending line and fall

[dmedin]

It looks like it's establishing a bottom (basing), so I won't sell unless it falls beneath 24688.

[dmedin]

I'm having a cheeky wee bet on FTSE 100 falling.  I've very little faith in the British economy, whereas we know the mighty USA will bounce back eventually.

[dmedin]

It could very well be basing too, so it may be wise to perform an 'in and out' manouevre 😻