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Caseynotes

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Posts posted by Caseynotes


  1. 2 minutes ago, dmedin said:

    How do you trade this?  It's choppy AF for the last several days.  I have no idea :)

    you don't, you either just wait or drill down and look for short term moves.

    • Great! 1

  2. The main story yesterday was the flight out of Yen but also the continued rise in gold so money leaving one safe haven and being transferred into another. Speculation of further forthcoming BoJ easing perhaps. The completion of this move may see gold fall back as the rise in oil off the range bottom gathers momentum. Meanwhile the indices looked on from the sidelines though still in touch with the highs. The gold, oil and indices impasse may well be resolved today, my suspicion is gold easing off while oil and indices continue up.

    The virus news is that net cases are no longer increasing as rate of recovery matches rate of new cases found so may have reached the tipping point towards a downturn.

    Daily charts; Dax and Dow. Gold and Oil.

    image.thumb.png.263214ea4736a5965bce558533ac154d.png

    image.thumb.png.ca8b16d2b961f4345b4e54274af77704.png

     

    • Like 1

  3. 4 minutes ago, dmedin said:

    🤔

    I have been trying to trade in and out and lost money when I could have made a decent amount of money by just holding my position open.

    Can you produce another chart for me with a potential pattern in formation rather than one where the patterns have already formed i.e. without hindsight?

    not to undermine the op answering the question but;

    1/ go to your chart and put a fast and a slow MA on it, experiment for best fit.

    2/ look for a crossover after Price Action change of direction.

    3/ wait for the first pullback back to the fast MA.

    4/ look for a candle reversal pattern to signal pullback failure and new trend continuation for entry.

    5/ always stay away from choppy PA with horizontal MAs.

    • Thought provoking 1

  4. 7 minutes ago, Caseynotes said:

    good point, what I've maintained for a long time is that none of us have the resources to provide us with and kind of accurate forethought so the next best option is just to follow those who do 😳

    I should have been more clear, I'm not talking any kind of mental capacity but rather expensive analytics and computer modeling.


  5. 3 minutes ago, dmedin said:

    Did you not see my thread on how to get rich with a simple MA system?

    I'm the best at hindsight 🤣

    good point, what I've maintained for a long time is that none of us have the resources to provide us with and kind of accurate forethought so the next best option is just to follow those who do 😳

    • Thought provoking 1

  6. 53 minutes ago, dmedin said:

     

     

    I think, if anything, technical traders should despair of things like this - nothing will ever prepare you for such events.  People will study this chart for years and probably never see anything like it ever again.  (Or incredibly rarely.)  Just goes to show that the little people are not welcome in the big boys' playground!

    I'm looking hard at this chart and just can't discern what you see that would have disbarred you from buying the high around 420 back in Dec same as these 'big boys'? 


  7. 3 hours ago, Caseynotes said:

    yeah yeah yeah. and in the 1970's we were told categorically by scientists that within 50 years most coastal areas would be under 20 feet of water lol. Just goes to show how corrupted science has become by the money of lobby groups and NGOs with a political agenda. you are being lied to systematically and on a massive scale. if they control what you think they control what you do.

     

    • Thought provoking 1

  8. 1 minute ago, dmedin said:

    They've got a plan to get off coal now.

    If it's true that China and India will consume coal and oil for decades ... half the world will probably be uninhabitable by that time ... they might need to consider their options :D

    yeah yeah yeah. and in the 1970's we were told categorically by scientists that within 50 years most coastal areas would be under 20 feet of water lol. Just goes to show how corrupted science has become by the money of lobby groups and NGOs with a political agenda. you are being lied to systematically and on a massive scale. if they control what you think they control what you do.

    • Sad 1

  9. 8 minutes ago, dmedin said:

    Meanwhile, oil is in terminal decline as the world moves towards renewable energy.

    meanwhile the world can't even get off coal let alone oil let alone gas. Germany spent 10 billion over 10 years on renewables only to find what they really needed to build was 2 gas pipelines to Russia.


  10. 1 minute ago, dmedin said:

     

    True but gold rose last year at the same time as the U.S. indices spent the entire year in an uptrend.  Sounds like gold is rising at the same time as stocks, maybe as a kind of hedge?  Meanwhile, oil is in terminal decline as the world moves towards renewable energy.

    I knew as soon as I sent the post I should have added, just for your benefit, that no, like everything else it always doesn't work out that way though the general principle is sound and has been a 'thing' for over a hundred years 🤔


  11. 8 minutes ago, dmedin said:

    Stocks high, oil low?

    Increasing indices generally implies increasing demand and production which increases the demand for oil whereas gold is typically the run to safe haven for money when stocks and therefore oil are in a downturn.

    When stocks and oil are going up bonds and gold are generally going down.

    Risk on = stocks and oil up, bonds and gold down. 

    Risk off = bonds and gold up, stocks and oil down..

    • Like 1

  12. "Good news on Coronavirus

    1. Shanghai reports zero new coronavirus cases

    2. For the first time, the number of discharged COVID19 patients, 1,824, surpassed the confirmed new cases, 1,749, on Tuesday in China."

    (themarketear)

    • Great! 1
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