Jump to content

Caseynotes

Community Member
  • Posts

    13,207
  • Joined

  • Last visited

  • Days Won

    556

Posts posted by Caseynotes

  1. On 10/06/2019 at 14:29, dmedin said:

    I also like volume.  I know it is not used by IG analysts but high volume amplifies the significance of support/resistance and breakouts for me anyway.  Brent crude seems to be on its way for more falls.

    The answer is not in TA or patterns. This is an interesting post pertinent to this thread.

    http://www.newtraderu.com/2019/06/12/how-to-overcome-the-need-to-win-everytime/

  2. 1 minute ago, dmedin said:

    Ooh ... 15 minute chart.  In order for that to be worthwhile you are looking at betting multiple pounds per point, which is incredibly scary unless you have a big deposit, and even the best candlestick pattern can be suddenly reversed on such a short time scale. 

    ok, try this one then;

    image.thumb.png.936349d6997175323d08a2dc45a25468.png

    • Like 1
  3. 10 minutes ago, JLZM1999 said:

    what do you think of Dow when the US market opens ? 

     

    The long term is bullish, the medium term is neutral and the short term is bearish. Currently S1 is holding up quite well but you can see from the chart that volume triples on the US open. So early on we are either going to see a push to the pivot (26090) or to S2 (25842), the latter has the higher probability but it really could go either way.

  4. 2 minutes ago, cryptotrader said:

    i don't get it. 

    How is there any basis in that price action? 

    That's what made me laugh in the first place but the first 40 days is a tight fit, god knows why he thought of doing it at all, it must be some weird new cult TA technique that when adopted by the many will become a self fulfilling prophesy (like most of the others), don't forget you saw it here first 😉 

    • Like 1
  5. Anyone signed up for this yet? By an amazing coincidence the company TeamFX managed to get 3 puff pieces in the papers (Metro, Sun and Daily Mail) concentrating on the star trader Dan Legg who apparently made illons  trading on a shoestring in a matter of days.

    These cons come round every 3 years or so where the gullible journo is shown some unbelievable trading statements, hired cars and a hired private jet, you only need these for an hour or two for the photo shoot.

    How this works, no sure about this one specifically but in general the star always has a service to sell, it might be signals at 2k a month (20k for life time sign up) or hands you over to a dodgy broker (for a backhander) or perhaps some very expensive mentoring, trading rooms etc. With exposure like this there will be thousands queuing up to be relieved of their money. 

    Often these front guys have backers, I seen one promo where the guy puts a bank card into a cash machine to show his 200k balance, a bright spark zoomed in on the card and it had someone else's name on it. Sometimes they are just lone chancers, I saw one promo where the guy goes off to get the keys to show off his new super car and can be heard in the background asking his mum for dad's car keys 😂

    These guys are always on instagram where you can delete any negative feed back to your posts and of course with the money rolling in you don't actually need to risk it trading.

    https://www.dailymail.co.uk/news/article-7123357/Online-trader-goes-level-failure-teenage-millionaire.html

    Didn't actually read this but just noticed in the bullet points he only charges a thousand pounds so that's all right then 😉

     

     

  6. 14 minutes ago, TheGuru12 said:

    Rumor on the straz is that there is another dump coming along. 70-80% fall in price in the next 3 months. What with volume stuffing going on across most if not all major exchanges. People are pumping ... to dump. Bitcoin is a massive contrarian indicator to the real economy and look what's happening with stocks, There has been a melt up over the last week in stocks and for good reason too!. 

    I saw this from Crypto_Lord yesterday that made me laugh at first, then scratch my head ... (3 months).

     

  7. Just now, backwardation said:

    Could be @backwardation, I've seen similar reports in a few places over the last few days and indeed Govts do go on spending sprees esp China, India and Russia but that's probably past as usually they buy at the low rather than the high ie they're smarter than Gordon Brown who sells at the low ☹️ 

  8. 42 minutes ago, backwardation said:

    Looks to me like a H&S (starting June 5th) that's about to complete the last down leg.  But what happens after that?  Crude hasn't been following the SPX up.

    @backwardation, good point about oil and S&P being out of sync though there are always going to be adjustments especially on the lesser time frames, also interesting is that gold isn't playing ball at the moment either as it heads higher. Money is being shifted around on a continual basis it's not always easy to keep track of it, the more eyes out the better.

  9. 9 minutes ago, backwardation said:

    Looks to me like a H&S (starting June 5th) that's about to complete the last down leg.  But what happens after that?  Crude hasn't been following the SPX up.

    Hi @backwardation,  not really seeing a case for a H&S pattern as the overall price action would need to be heading into it from below not above, there is a case for an inverse H&S if we get a turn around and a break of the neckline. 

    Yes, Oil is a bit out of step with the S&P at the mo, see weekly chart comparison second down.

    image.thumb.png.eab2e1dd081e9b45eae946c04b1fab44.png

    image.thumb.png.43c25e757adf1fe5eb21aae4a9e86507.png

  10. Dax and Dow rejecting the pivot overnight and looking for support this morning. Dow is currently at the recent low 26000 which may provide support, below that is S1 at 25944.

    Dax has a recent low at 12075 close to S1. The European open may show direction or may need to wait for the London open at 8am.

    image.thumb.png.3c16cf86da3c93932355aab15d5fe8ec.png

  11. Another day of indecision for Dow, not able to push on but not pulling back yet either. Times like these usually bring out the doomsters to tell us Armageddon is coming and who knows, one day they might actually be right, but I wouldn't bet on it.

    You hear lots of talk about national debt and the abandonment of the gold standard and the Bretton Woods agreement etc but they are all forgetting the list of rules drawn up in the 1930's that still hold true to this day, especially Rule 11 (see below). 

    image.thumb.png.85654cbe970ec803be2004c3ddc82a95.png

    banker1.PNG.f813338c4702cbc4167a502f1fba2e1d.PNG

    • Like 1
  12. 8 hours ago, TnlVision said:

    Any idea why this is on MT4 especially with IG server, as ive seen others adding micro lot positions under other brokers on MT4, is this just due to MT4 or something else?

     

    Hi @TnlVision,  couldn't say really except that, as you say all the others do it, so I guess IG would be at a disadvantage if they didn't.

  13. 15 minutes ago, cryptotrader said:

    really flirting heavily with that 8k mark but last 5 sessions isn't holding.

    turning point, or a little consolidation before the next leg up?

    difficult to say with this one, it's stuck between 7500 and 8000 but the daily candles are growing so something's likely to pop soon.

    Daily chart;

    image.thumb.png.587c540efc9e50b07e6b0f47efc2b459.png

×
×
  • Create New...
us