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JESS ........TWO BARKS FOR BUY     ONE BARK FOR SELL   ???

That is the 50% retrace for  the Dow and S&P. 

It's the opposite, I don't think I'm cut out for day trading.  I still would have been better off keeping a position open from Christmas, even now.  I zoomed out to the day chart and the overall pictu

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Authorities pumping trillions into the financial system to prop up prices ...

Companies and individuals going to get even further into debt (the alternative is to go bust and starve to death) ...

The protocols have been activated ... we will all be enslaved for the rest of eternity.

Edited by dmedin
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3 hours ago, dmedin said:

Authorities pumping trillions into the financial system to prop up prices ...

Companies and individuals going to get even further into debt (the alternative is to go bust and starve to death) ...

The protocols have been activated ... we will all be enslaved for the rest of eternity.

I see the film of empty streets in big cities.....My local town....I have nt seen it busier....Like Xmas eve....the place was heaving.....Aldi was stowed out...  

  • Thought provoking 1
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15 hours ago, cheviot said:

I see the film of empty streets in big cities.....My local town....I have nt seen it busier....Like Xmas eve....the place was heaving.....Aldi was stowed out...  

I think those photos of empty London are taken "strategically". Photographer has to make a living, and a photo with people in it wont pay the bills.

Personally, if I needed to get that photo, I would be down there at the crack of dawn, then give it a bit of exposure in lightroom to make it look like a normal time of day. Job done.

I once spoke to a guy who claimed to have used a model aeroplane in a photo once, and passed it off to a local newspaper as the real thing..... 😝

  • Great! 1
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6 minutes ago, Bopperz said:

I think those photos of empty London are taken "strategically".

 

Doesn't matter ... the protocols are activated and the rich and powerful are putting their plan into place ... they can pretty much lie to our faces and we're powerless to resist because our culture is saturated with lies from top to bottom (we all have to lie to get jobs and to keep them, and we lie to our children and our loved ones every single day). 

People are powerless, so they respond by panic buying cr@p at the supermarkets.  :D

Edited by dmedin
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22 minutes ago, Caseynotes said:

Quick reminder that it's only 94 days until the nights start drawing in again for winter.

 

Something to look forward to, assuming I survive another 94 days.  :)

At this rate my trading account certainly won't. :D

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On 18/03/2020 at 11:31, dmedin said:

Small price to pay for getting in on a market that's moving in only one direction :)

That's not really true, it's quite choppy now. Smaller time frames are terrible to trade with 6 points on the DAX. But glad that it's working out for you. 

Regards,
Molibar

Edited by Molibar
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3 minutes ago, Molibar said:

That's not really true, it's quite choppy now. Smaller time frames are terrible to trade with 6 points on the DAX. But glad that it's working out for you. 

Regards,
Molibar

 

I agree about smaller time frames, but not because of a measly six point spread.

Minute-by-minute charts are ALWAYS choppy AFAIC.

Good luck to YOU if you're able to trade them.  I'd advise people to stay the h3ll away from such time frames.

  • Like 1
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8 hours ago, dmedin said:

 

I agree about smaller time frames, but not because of a measly six point spread.

Minute-by-minute charts are ALWAYS choppy AFAIC.

Good luck to YOU if you're able to trade them.  I'd advise people to stay the h3ll away from such time frames.

As I've pointed out before if I posted a chart without the time frame you could not guess which time frame it was. All charts look similarly 'choppy'.

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This week for me has been like this.

 

Return rate 1.16. Win rate 89%. 154 out of 174 trades were closed in profit. Avg hold time: winning trades 15m. Avg hold time: losing trades 2h 24m.

 

I sort of use the chop on the 1 minute chart for a partial entry and exit within the 5 and 15 minute chart. Instead of being shaken out at a loss I tend to hedge and then close out one leg of the hedge when things become clearer. I am disadvantaged somewhat by the increased spreads resulting from the increased volatility.

  • Great! 1
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33 minutes ago, AndrewS said:

This week for me has been like this.

 

Return rate 1.16. Win rate 89%. 154 out of 174 trades were closed in profit. Avg hold time: winning trades 15m. Avg hold time: losing trades 2h 24m.

 

I sort of use the chop on the 1 minute chart for a partial entry and exit within the 5 and 15 minute chart. Instead of being shaken out at a loss I tend to hedge and then close out one leg of the hedge when things become clearer. I am disadvantaged somewhat by the increased spreads resulting from the increased volatility.

 

I understand now why people generally don't share their trading results - it makes other people jealous.

Apropos of which, did you know that Roman generals had giant phalluses attached to their chariots to ward off the evil eye?

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9 minutes ago, dmedin said:

 

I understand now why people generally don't share their trading results - it makes other people jealous.

Apropos of which, did you know that Roman generals had giant phalluses attached to their chariots to ward off the evil eye?

Despite your purported apropos, I am interested in how people use short term charts. I do not think I have read of anyone primarily trading off the 1 minute chart.

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3 minutes ago, AndrewS said:

Despite your purported apropos, I am interested in how people use short term charts. I do not think I have read of anyone primarily trading off the 1 minute chart.

 

I've never heard of any 'serious' investor or trader using 15 min charts, AFAIC you are just amplifying your chances of losing by doing so, as being that zoomed in makes you lose all perspective the and potency of candles and patterns is much reduced.

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19 minutes ago, dmedin said:

 

I've never heard of any 'serious' investor or trader using 15 min charts, AFAIC you are just amplifying your chances of losing by doing so, as being that zoomed in makes you lose all perspective the and potency of candles and patterns is much reduced.

I can recall several people posting 15 min charts in this thread and there are people who trade primarily off the 5 min charts.

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Just now, AndrewS said:

I can recall several people posting 15 min charts in this thread and there are people who trade primarily off the 5 min charts.

Well I'm glad for them and good to hear it works, for me - big no-no.  Murphy recommends getting good at inter-day trading before trying intra-day and I'm sold on all the reasons why.

If you're scalping minute-by-minute you must be trading with some serious capital, otherwise it makes no sense to be glued to charts and come away with £20 profit at the end of the day if you're lucky.  (Which is most of the time - when things are less volatile)

OTOH, if you've got some serious money - £10 a point or so - I can see how you can aim for £200 or £2000 a day - not bad.  Of course you're more likely to lose it than make it :)

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