Jump to content

Recommended Posts

3 hours ago, Caseynotes said:

ndices pushing up

Will it last :(

The authorities are pouring money in, where is it all going?

Share this post


Link to post
11 minutes ago, dmedin said:

No but let us know how you get on, sounds very interesting :)

 

Might give it a go in an demo account at some point.

  • Great! 1

Share this post


Link to post
Posted (edited)

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

Share this post


Link to post

I thought you guys/folk might be interested in a Genuine Island top:

This is the UK LONG Guilt.......You do nt often see it....only in text books....

725613472_LongGilt_20200319_17_40.png.61244b58a64fc0b957d55fbc5ef7f23e.png

  • Like 1

Share this post


Link to post
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

Share this post


Link to post
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

Share this post


Link to post

Gave up everything I  made by being greedy and rash, back to square one.  Long on the indices now :D

Share this post


Link to post
Posted (edited)
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

Share this post


Link to post
10 minutes ago, Bopperz said:

the crack of dawn

Who is Dawn? :D

Share this post


Link to post

Get settled in for a prolonged depression.

Share this post


Link to post
5 minutes ago, dmedin said:

Get settled in for a prolonged depression.

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

  • Great! 1
  • Sad 1

Share this post


Link to post
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

Share this post


Link to post

Coronavirus death toll in England rises to 167

Well, that certainly warrants allowing the entire country to slump into a prolonged depression.  :):):):)

  • Like 1
  • Great! 1

Share this post


Link to post
Posted (edited)

Cripes Eileen, the indices look poised to gap lower on Sunday evening 🤠😻

Edited by dmedin

Share this post


Link to post
Posted (edited)
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

Share this post


Link to post
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

Share this post


Link to post
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'.

Share this post


Link to post

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

Share this post


Link to post
2 hours ago, Caseynotes said:

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'.

 

🤠

Share this post


Link to post
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?

Share this post


Link to post
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.

Share this post


Link to post
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.

Share this post


Link to post
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.

Share this post


Link to post
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 :)

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Member Statistics

    • Total Topics
      10,485
    • Total Posts
      55,060
    • Total Members
      71,870
    Newest Member
    MNinvestment
    Joined 26/05/20 11:13
  • Posts

    • Dailyfx that provides the sentiment indicator with the IG client positioning has always promoted it as a contrarian indicator and have done a lot of research and data collection over the years to back up that view.  They did have it all published on their web site and presume it's still there if anyone wants to look.  
    • @Caseynotes thanks for your reply.
    • Totally agree.  Provision of sentiment data is purely a marketing tool.  Brokers make money through activity, so anything which encourages placing of bets / trades is good from their perspective. 
×
×