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4 hours ago, dmedin said:

Looks like slow and choppy sideways action now, in other words no money to be made from intra-day trading but plenty of money to be lost (the 80%).  Need to find something else to focus on.

 

Back down it goes.

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6.6 million new jobless claims in the US quite a bit more than expected, Dax and Dow trying to bounce.

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51 minutes ago, dmedin said:

Lost an absolute sh!t-ton on trying to call the bottom on this market.  What a stupid f^cking idiot I am.

you keep saying that but never do anything about it, don't think tops and bottoms, think level to level.

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Posted (edited)

If it were not for hedging I probably would have been shaken out at a  large loss after being caught wrong footed.

But there were opportunities to close out one leg of the hedge then the other in a fairly relaxed manner.

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Edited by AndrewS

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1 hour ago, Caseynotes said:

you keep saying that but never do anything about it, don't think tops and bottoms, think level to level.

The hardest part is trying not to trade for an entire day or more

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Saudi's just gave oil a pick up which dragged indices up with it.

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nvesting.com  @Investingcom

1m

BREAKING: *PRESIDENT TRUMP SAYS HE SPOKE TO MBS, PUTIN AND EXPECTS SAUDIS, RUSSIA TO ANNOUNCE 10 MILLION BARREL CUT *OIL SPIKES 21% *DOW JONES JUMPS 500 POINTS

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4 minutes ago, dmedin said:

The hardest part is trying not to trade for an entire day or more

yes, over trading will kill your account, need to identify when the time is right which is market dependent rather than being down to you. 

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down with any luck....

 

its like that film the big short...everything is going south macros wise..except equities!!  

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Indices consolidating unable to move higher or lower this week.

FTSE and S&P daily.

Dax and Dow H1 charts;

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Looks like we are still scraping along the weekly pivot in the major UK and US indices. As for direction, I have no idea. Trump's tweets last night provided a lot of support, but the truth always catches up with him.

Probably for another thread, but what did Trump promise to get this oil production cut? 

Happy Friday!

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On 30/03/2020 at 21:50, CharlotteIG said:

Dow's moving up this week 

 

Slowly moving back down again ...

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Posted (edited)
12 hours ago, dan-is-dead said:

down with any luck....

 

its like that film the big short...everything is going south macros wise..except equities!!  

 

The muted response to 'trillions of dollars of stimulus' is telling, as is the fact that Congress is already planning another stimulus bill immediately after a $2 trillion one got passed.  Big stimulus-fuelled rallies getting sold into.  Seems to be entirely psychological and really quite surreal.  One million infections in a world of seven billion.  People are being infected by FEAR.

Edited by dmedin

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Just to show that humans are really herd animals, they all went out last night - not to socialize and meet others (oh heaven forbid) - but to clap for their heroes.  Right.  Any old excuse to get your bagpipes out and have a good blow :P

 

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Dax and Dow been hugging the daily pivot so far today, NFP at 1:30 but no one is expecting any real surprise there, US market opens at 2:30 but can't really see a major ramp up or down to head into the weekend.

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3 minutes ago, dmedin said:

Ay me, Samwise Gamgee :(

Market looks to have been expecting it,  price having another go at bouncing up off the daily pivot.

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Lockdown should be fun this weekend with the MET office predicting 21 degrees for parts of the UK.

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Not much kick on the US market open.

Oil and Gold both up on yesterday's close.

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Nothing doing.  Hardly any movement.  It's just unbearable :(

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7 minutes ago, dmedin said:

Nothing doing.  Hardly any movement.  It's just unbearable :(

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1 minute ago, dmedin said:

Zut alors! 😱

what? you just discovered oil?

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41 minutes ago, Caseynotes said:

what? you just discovered oil?

 

A doji tug-o'-war was fought on the four hour chart, now it seems to be headed southward 🧐

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Or maybe not ... who knows ... 🧐🤔🤨🙃🤥

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All definitely moving South Monday min 5% drop

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Can some one tell me what time the Dow 30 cash market closes tonight - is it 10pm or 9pm BST (UTC+1)?

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Will somebody please put me out of my misery ...

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