Caseynotes
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Everything posted by Caseynotes
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oops, above post should have read 'Dax midway up in an extended range ...'
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Dow looking at daily chart resistance 28933, S&P same at 3298. Dow midway up in an extended range and similar position for Ftse. Daily charts;
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Overnight Indices down a touch after a strong day yesterday. Gold up slightly after a hard fall yesterday. Bonds and Oil up. 8:55am Ger Comp PMI. 9am EU Comp PMI. 9:30 UK Services PMI. 1:15 US ADP nfp. 2:45 - 3pm US PMIs.
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US oil still up on the day though has lost a lot of early gains on the US open.
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H1 Dax and Dow charts;
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IGSquawk Retweeted Joe Colangelo @Itsjoeco 18h 4,000 Robinhood traders just bought $TSLA for the first time, above $700
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indicators don't work all the time . the key to a reversal trade is that it becomes obvious real quick if you are wrong so the stop is small but the potential gain is big, 25% win rate will do.
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Hi, log into IG and see the Academy site. https://www.ig.com/uk/learn-to-trade/ig-academy
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Why? Why?
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yes, bulls trying to put in a reversal candle at the monthly chart support level (purple).
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yes, need to keep an eye on market cycles, nothing works all the time so know when to rest up and wait for conditions to realign back in your favour. Knowing when to stay out is just as important as knowing when to get in. Good luck. -
I prefer day trading so maybe 2 or 3 trades a day, maybe more maybe none. But chart structure gives the same information no matter what the time frame, Simple test is to remove the time info and try to guess the chart, it's impossible. So if the structure is currently compromised look elsewhere or wait, when the chart starts a range expansion phase (trend) look for an opportunity to get aboard.
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US indices looking to continue the build off support, no major news today. US Democrat party caucus voting started in Iowa and Biden scraps through at the last minute by scrounging votes. Obama and Clinton have already started on their 'shoot down Bernie' campaign.
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Correct, your bias, opinion and predictions are useless, just follow the leader.
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Overnight Indices, Oil and USD up. Bonds and Gold down. Today US factory orders at 3pm.
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or you could try actual price action on real chart structure as in look for price to start trending (on your preferred time frame and better still if matches a higher time frame) then look for a normal pullback then look to join on trend continuation. Most trends are made up of 3 or 4 waves so there is a good change you can catch at least 2 swings up (or down).
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The virus is turning out to be a lot less deadly than first feared while global econ data continues to improve.
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50.9, out of contraction and back into expansion (over 50).
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Dax and Dow starting to pick up on the US open. M15 charts:
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Nice chart, the oil bulls have not let oil drop below this level since Dec 2018.
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Gap analysis; https://school.stockcharts.com/doku.php?id=chart_analysis:gaps_and_gap_analysis
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oops, forgot to post this this morning. This week and selected Feb whole month;
