Indices

[Caseynotes]

Dax and Dow H1 charts, checking for support on the Frankfurt open;

[dmedin]

11 hours ago, Guest Kris said:

What do we think short or long on AUS indice today

Toss a coin ...

[Caseynotes]

S&P hard up against R2 testing for the third day in a row.

FTSE and S&P daily charts;

[Caseynotes]

Dax and Dow H1 charts and levels;

[Bopperz]

Indices are flying this morning!

[Caseynotes]

5 minutes ago, Bopperz said:

Indices are flying this morning!

yes, S&P approaching the 50% retrace of the entire down move.

Daily chart;

[Caseynotes]

Dax and Dow H1 and S&P daily charts;

[dmedin]

Peregrin Took! 😻

[dmedin]

🐮😻

[AndrewS]

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

[Bopperz]

Straight up to the R1 pivot point. Lets see what happens with the oil supply side now.

 

[dmedin]

I'm having a wee scalpie-scalpie on the 10 minute chart using pivots, PSAR, RSI (and of course candle patterns).  Works nicely when there's a trend going on.  Fking horrible when it's bouncing around the same pivot point.

[dmedin]

Yep, lost money already

People make money from scalping, you say?  I don't see how?

[dmedin]

I broke the rules, teehee silly me 🤭👺

[AndrewS]

11 minutes ago, dmedin said:

Yep, lost money already

People make money from scalping, you say?  I don't see how?

It is a good thing to demo because you need very high probability setups to scalp and you may find that scalping stuffs up your ability to swing trade.

Being insane is not a qualification, but it certainly helps.

[dmedin]

Well I got caught out, went long -made money - got whipsawed - trying to get back to breakeven by going short.  Yikes! But I was not paying attention to the RSI (being above 50 for going long, selling when it's beneath 50) etc etc.

 

But yes in general swing trading much better!

[dmedin]

Oops!  lost again!  Scalping is fun

[dmedin]

Scalping / short term intra-day trading is the NUMBER ONE way to lose lots of money - FAST.  Even better, keep your shorts nice and tight - giving you a 99% probability of getting taken out

Edited April 9, 2020 by dmedin

[celtcy]

seen the guaranteed stop for orders?2300 for DOW lol

[celtcy]

looking short now DOW?

[dmedin]

IT'S A BUY¸ PEREGRIN TOOK!  Now then, let me make all my money back 😘

[dmedin]

Come on now Tabitha, give us a wee bit o' the good stuff

[Caseynotes]

IG Client Help  @IGClientHelp

36m

!- Reminder most of our 24 hour indices close at 22:00 BST Thursday. They will re-open Sunday night at 23:00 BST.

[dmedin]

10 minutes ago, Caseynotes said:

IG Client Help  @IGClientHelp

36m

!- Reminder most of our 24 hour indices close at 22:00 BST Thursday. They will re-open Sunday night at 23:00 BST.

Cripes alors, Peregrin Gamgee!  I've got less than five hours to make a nice big pile o' cash 😘

 

[dmedin]

😥💀

[dmedin]

Ay me, Captain Pugwash!  I can hardly stand to see it 🙊

[dmedin]

Come on hun, give daddy a wee flash

The 20 period average is being a sweetheart today!

 

Edited April 9, 2020 by dmedin

[dmedin]

Come on bonnie loon - forgive me my mistakes 🥰

[dmedin]

I'm out

 

[Caseynotes]

Dow nudging 24000.