Caseynotes

Yes, the storm will come when Trump slaps the 25% on everything, til then the basic fundamentals should grind price higher.

Spoke too soon but never mind as dow and dax surge to break prior high resistance and head for R1;

Having said yesterday I would stop trialing options on demo I changed my mind, how else to learn. I just closed out this mornings position as dax looks to stall at resistance, was targeting around 12130 anyway. Is there any simple way to place a target on the option to close without a complicated reverse position?

That was an excellent presentation, and especially the segment on using the RRG to see the big picture and deciding what to focus on then looking to a normal chart to confirm that view and look for entry opportunities. Very well done, could have been longer with more examples. Was aware of RRG via stockcharts.com but was not aware of https://www.relativerotationgraphs.com/

Ok, can't think of anything else but if the problem is in the feed then many should be affected, not having any issues here, good luck.

Definitely pivots, trendlines are great fun because you get to redraw them everyday ☹️, I stopped using manually drawn lines long ago because you can see anyway but recently found an auto line maker so am trialing, it seems useful for spotting underside retests after breakout and spotting channels as well as early trendline formation. Fibs I used a lot when posting on the run up in 2017 but over the long run, given a choice between looking at 5 Fib levels or pivots combined with support and resistance levels (which often confirm each other) I far prefer the latter, S&R levels are where traders stepped and may do so again or even have unfilled orders left resting. I wouldn't even consider trying to use everything all at once 🙂

OK, I've found the note about red green and you are right but shouldn't make a difference. See this page and number 5, could be antivirus, firewall, or internet security interfering. https://www.ea-coder.com/mt4-no-connection/

A quick look at symmetrical triangles;

Unlike the other indices ftse stayed on the underside of the pivot but otherwise similar chart structure.

BTC and Litecoin in the red.

BTC double topped early this morning at around 8368 and has fallen hard down to support at 7850, currently trying to get back above 8000.

Looking for an initial bounce up off the pivots for an eventual retest of the highs, no major news events on the calendar for today or tomorrow.

Yes but so far it's a fair attempt to lift up off support.

Hi @Ossam, I've always been connected to a data center with the connection blue/green, if ever I've seen red it's meant trouble. Click on File > Open an Account and look at the server speed then click on the connection box to check that the fastest data center is checked and matches the IG server .

Dow and Dax reset to the new daily pivot overnight and could break either up out of the 10 day channel or down to confirm it. Ftse overshot to the down side and Nikkei looks balanced.

Oh I see what's going on now, I was promoted to 'Super Contributor' sometime recently, ohhh the seething.

No reason why the bulls shouldn't regain control, it's a hundred year bull market after all and there is a 3 - 4 week pax on re trade wars and the US economy continues to flourish, so long the wheels keep turning there will be growth and that is always bullish.

Yes @Roadrat, Dow did fall to 25337 as predicted but there is no trick to it, price must obey the rules and can't just wander about the chart at will. Once the sellers overwhelmed the pivot Price was forced to go in search of buyers, and the last place it found them was the most recent low at 25473 and if sellers over ran that level the next level down was S1 at 25337. Sometimes buyers in haste will intercept price along the way but they weren't that keen, and then the Trump announcement changed everything. Dax and the Ger car manufacturers were the big winners with price leaping from S1 to R2. Also posted below are the demo options trades I've been toying with lately for yesterday and today and though winners I can't say I'm taken with them, there's just no control, the first was just left till expiry and the second one I closed during the high vol but both spent most of the day in the red. I think I'll stop until I understand them better.

Ftse held firm in the early part of the day and was carried up at the 3pm Trump tariff announcement. An interesting gap down on the close which has since nearly filled.

A look at the S&P, a second daily bull candle after Trump's clearing the battle field in order to concentrate on China. He is delaying any tariffs on EU vehicles imported into the US for 6 months, gave a big boost to the indices especially Dax.

BTC struggled to get off the mark today while Ether was the star performer percentage chance.

BTC trying to launch again to 8163 having spent most of the day about the pivot, currently at 8100, R1 at 8163.

@Roadrat

@Roadrat, similar situ as dax, looks to have just now failed to retake the pivot so it's a retest of the immediate low 25473 which it's approaching now, if that fails it's heading down to S1 around 25337.

I'm assuming you are referring to the bar this morning that spiked back up 400 points before continuing down. The bottom chart is IG while the top chart (as above) is a different broker showing exactly the same move.