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Caseynotes

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Everything posted by Caseynotes

  1. Bit of a wild ride yesterday after the US open as Dow pushed through R1 and nearly got to R2 before returning all the way back to the pivot and beyond. On the European open today both Dax and Dow have found resistance mid way to R1 and are currently checking support. Waiting for the London open for direction this morning
  2. Despite recent news events US Oil remains in it's recent range, resistance at 55 and support at 51. Daily chart;
  3. Gold moved up overnight to tag the monthly chart resistance level 1346 and since pulled back slightly. H4 chart;
  4. The fear factor is understandable and is directly proportional to the degree of risk and will always be there so long as the risk factor is huge and that was my concern. One bad problem of demo is that you can't learn the psychological aspects of trading from it, far worse it actually encourages a gung ho attitude which usually leads to the rather quick death of a live account. On an educational note I found this web site a while back though haven't had the time to look at it depth it did look to have a lot of useful material covering a lot of ground. https://www.daytrading.com/
  5. Strange week really for the indices. just loitering around so far, not willing to push on but not wanting to pull back either. Asia markets down overnight while Europe and American markets up slightly. On the calendar today is US retail sales at 1:30 and US consumer sentiment at 3pm. FOMC next week with a surveyed 20% chance of a rate cut while the end of July FOMC meet is 80% (FOMC meet 8 times a year) and in between is the G20 at the end of this month so plenty of market moving events just round the corner 🙂
  6. @nit2wynit, not wishing to be rude but you probably won't realise this is never going to work until you try it on the live platform. With a bet size of £170 per point on a £2000 account you will sooner rather than later enter a trade with your 2 point spread only to find price immediately backs 3 points against you, you will then instantly s**t yourself and bail for a loss of 5 points and a loss of nearly half your account in the space of 3 seconds flat. After that you will probably never dare ever trade again. It just isn't a sustainable course of action When I go to get my car serviced I expect the mechanic to have some experience in the hope he will do it right, that's why I don't do it myself. I could try to learn do it myself with the help of a self help book or whatever but I suspect it might take some time to learn and that the car might take some damage in the learning process.
  7. Hi @paja44, have you tried closing the position from the 'Positions' tab, see picture below;
  8. Interesting daily candle on the S&P heading into the US market open;
  9. Latest report is that this ship pictured has now sunk and that the 44 rescued crew from both damaged ships have arrived in Iran.
  10. Dow is long term bullish, medium term neutral and short term bullish. Currently held up at R1 26094. If able to break up through R1 the next target is R2 at 26160. If unable to break upward through R1 will look for better support further down first at 26060 and if that fails will look to the pivot at 26022.
  11. Scrub the picture above, was taken from a pic library and is not of the incident today.
  12. Luckily Iranian ships were on hand to rescue 44 crew members from the two stricken vessels.
  13. Reports that torpedoes were used in the attack on two oil tankers marks a big escalation of conflict in the sea of Oman if true.
  14. The oil tanker news spreading now is coming out a bit late, the Iranian (pob perps) news agency released the news early this morning so the initial price surge in oil has all ready happened.
  15. US Oil checks support around 50.69 and on it's way to check resistance up at 54.73, currently at 53.00.
  16. Gold currently capped by 1338 and can't seem to break out, will need to check support before too long. H4 chart;
  17. Nice site; https://www.teletrader.com/markets/overview
  18. Looking like a day of searching for support, not much on the calendar, EU indy prod m/m at 10am expected to be -0.4 might rock the Dax. Dow will be trying to hold at S2 25878 while resistance is up at 26087. Dax trying to hold above 12065 and has resistance overhead at 12133.
  19. Published in 5 years and 3 Fed chairs ago and still just as relevant today as it was then (pardon the swearing but it's an important point that needed to be made 🙂).
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