Caseynotes
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Posts posted by Caseynotes
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UK retail sales at 9:30 and US durable goods at 1:30. Strong bear day yesterday though only nikkei tested key support levels.
Dow currently testing the underside of it's daily chart support level, dax doing the same and still within it's up channel. Ftse faces a day of political turmoil if reports prove correct, it seems that everyone wants to push May off the cliff but no one wants to be seen actually doing it, no one is expecting her to say 'I'm just going outside and I may be some time' 🙂
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Hi @andste7, make sure the site permissions for Flash is set to 'Allow' and not 'Ask'.
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Beware of instagram, that's where the scammers currently congregate because on instagram you can delete unfavourable messages.
I know some have benefited from a hiring a mentor for a couple of months, I'm unsure about signal providers (mirror trades) other than the majority are scammers (on instagram), there must be some good ones, I do know one with a good track record but it's only one trade every couple of weeks and the stops are massive.
But it's a mine field out there, by agreeing to participate you have shown the money and there are many waiting to take it from you, your broker is the least of your worries.
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As a new, learner trader one of the most important things you need to learn real quick is to be able to spot bs because there is a ton of it about, there always is when there is the perception of quick and easy money. If you can't spot it soon enough you will not only be stepping in it you will be swallowing it and in the misdirection your little account will be gone. Sometimes it's from scammers, sometimes it from fools who just want to look big, doesn't matter, if you are side tracked by it you are lost and that's another account gone.
Here you've got someone trying to convince you that you can't be a successful trader if you spend time on social media or on forums, are you sure that sounds right? Wasn't it the case a few years back when a load of bank traders were up in court for whatever, that the main evidence against them was from their social media transcripts, they were on it all day every day. Twitter instagram stocktwits, it's constant, how can that be. It can be because once you've done your couple of hours prep in the morning the rest of the day you are sat waiting for price to come to you. But of course an amateur wouldn't know that.
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Looks like 25214 might get retested but it's a strong level with multiple confirmations, 21750 is still a long way off and a number of support levels before then.
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110,000 wasn't able to hold for long, looking for support now at 109.700.
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USD losing to the Yen after the tag and bounce down from 97.81 on the DXY.
Risk off on the US open; indices, oil and usd down, gold and yen up. The dow seems to have regained some composure and trying to bounce back.
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Oil tags the 58.00 level in 2 hours flat, it's all going risk off.
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Dow open drive down to S3, markets have been pricing in the realisation there will be no resolution to the trade war any time soon and likely to get worse before it gets better.
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SPD and CDU look troubled.
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Current projection;
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ING infograph on outcomes and possible effect on eurusd and bonds.
Did see a report yesterday that said if the Brexit party comes in as per some of the more favourable polls that they could top Germany's CDU as the largest single party in the European parliament, eurusd to 1.08?
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US Oil threatening to drop below support at 60.00. Next level down is around 58.00.
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BTC tried to break down through 7505 but since recovered somewhat, all red still.
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Dow attempting to break back up through the daily chart support level (25555) broken this morning.
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Returns to resistance level with a bit of a thump but a useful demonstration of market memory, resistance turned support.
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@TrendFollower, I repeat from my previous post you never read before responding to it, same stuff over and over again, you can't help yourself, I'd give it a few days before you start up on the same theme all over again for what must be the 20th time. Desperate.
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@TrendFollower, you clearly did not read my last post, this is your usual form.
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@TrendFollower, same stuff over and over again, veiled denouncement of specific people for not 'reveling all' and making up derogatory reasons why that may be and all because you are so desperate to find the grail. When that person defends them self you respond with more bs and finish off with 'oh let's forgive and forget', until the next time when you start it all over again. Desperate.
I know you don't get it but it does take years of accumulated learning, do you really believe that can be packaged so as a learner can just pick it up and be successful straight away, really? A lot of the learned skills are just not transferable, people have to go through the learning process themselves and in fact you are doing them a better service by pointing the way. Better that than dishing out garbage.
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UK at the polls today, other countries up til the 26th. Results expected to come in starting the evening of the 26th though presumably there will be speculation on exit polls before then.
https://www.telegraph.co.uk/politics/2019/05/23/european-elections-2019-results/
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IG provide Autochartist for MT4 who also provide signals;
https://www.ig.com/uk/trading-platforms/metatrader-4/mt4-indicators
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Educational article on Inside candle swing trading setups.
http://www.newtraderu.com/2017/02/06/candlestick-inside-bar-swing-trading/
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BTC still trapped between 7505 and 7674 looks like it wants to go lower but the support is strong.
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A quote from @TrendFollower, "My serious trading (the part I keep to myself - secret) 😉 is Commodities and Cryptocurrencies both 'long' and 'short' using trend following principles with my own tweaks based on my own experience."
So you can't decide if you have a secret strategy or not, but what about the newbies who, as Mcg said, 'are losing money' because of your amateur advice, you don't seem to care.
As I've said in the past I've spent years developing a system, if everybody did it it would cease to work, you can't trade so you spend all your efforts trying to get others to show you how, keep wasting your time but please stop pretending.
Dax & Dow
in Indices and Macro Events
Posted
Both dax and dow have traveled back up to check the pivot and look to be trying an early break upward. The dow's open drive down yesterday on trade war concerns was compounded by lower than expected US PMI data later in the afternoon. Today will either see a retest of the lows or an attempt to bounce back up on thinking the sell off was overdone.