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Nice! I'm not a massive one for tech analysis and indicators etc, but its an interesting read to see how its used by putting in that real life example. Thanks.

ooooh I have an interested in this. If the below is the case (and it happens), how long can these countries continue pumping below market cost of extraction?

I'm not sure with gold these days. It seems to be very range bound for months and months, as below. Seem to be a little towards a mid range so no real conviction bid or offer.

feeling bullish, with the expectation on Saudi to keep releasing bullshitty announcements for the 2-3 weeks before acting. Keeping a close eye on freight rates as the really high freight rates are the only thing that stopped China lifting European barrels, which made the global demand seem subdued incorrectly, and exacerbated the sell off.

unfortunately not. Currently looking for an entry and on a longer term perspective. Don't want to catch a falling knife, but a mean reversion trade would be interesting to me .... but where that is poses the problem

whilst true .... are we not at a position now where we can redraw the support (as below with the orange line) playing devils advocate here.

Honestly, I think a lot of what he says is justified. Whilst it may not be ideal for market relations .... to him it just doesn't matter. Think its a continuation of his personality. I'm not calling him crazy just yet!

very fair point - maybe it is just the time to sit on hands and see what plays out.

interesting view on the bearish side for oil there @Mercury and I must admit not one which I had looked at. In my head I was looking for the mean reversal being in our favour and therefore a chance to go long! but looking at those channels they do seem very well supported. For my input, whilst brief, I would say I'm unsure (I know this helps diddly squat), but would be holding off the trade until there is a more sure fire understanding of direction. We're certainly in uncertainty ... lol

zerohedge back at it again

I know you can put your orders in pre market so you should be able to see indicative bid/offers etc. That's from 7.50 > 8am. is that what you're referring to? Maybe better to post in the strategy section. You will prob get more/better replies.

god **** I want to just go into one of these shops and walk out with a few of these, hop into my Rolls, and drive back to my safe in the country .... #billions https://shop.sharpspixley.com/1000-g-degussa-gold-bar

have you ever bought actual gold? as in going into a store and purchasing that way? I have no idea about it and never looked into it, but there must be an argument for it? I wonder if the commissions are huge?

I always think this looks like a hurricane weather report when you're sliding it about! Interesting charts tho. Big fan.

especially if the indices break! this has been a very very short squeeze last week but it seems to have finalised and petered out. We could be seeing some serious movement once again if earnings are crappy in the US over this week and next. I certainly would be keeping gold in my sights.

If the dow goes this is a short all the way down to 24000 I would have thought, but I'd be taking profit at 24500 and 24250, with 10% holding down to 24100.

I've hardened my stance on this. DRIP needs to be sorted...

interesting view. I would think that we're going to be looking at the lower end of your charts closer to that 1200 level. It seems to be a major area of support and one of those big psychological barriers. Interestingly your levels seems to be supported by Chris. https://www.ig.com/uk/commodities-news/technical-analysis--key-levels-for-gold-and-crude-181022 and they say that if a lot of people are expecting it to happen at a certain level it will - almost a self-fulfilling prophecy almost.

Although I personally can't comment on the bond stuff, I wanted to weigh in on the RRG. I've seen it a few times on Bloomberg (and also on IG actually a few times on the IGTV) and I think they're great! Fantastic way to visually represent movements . the below video is ok, but it doesn't really get started until about 2.20. Whilst this is only an 'ok' video in it's entirety, whilst I like is at 4.00 he slides the chart and you can see how things are turning cyclically and rotating (hence the name!) for those who have the time there is this video. Haven't watched it be seems to be a deep dive. https://www.youtube.com/watch?v=7OM9lTyLIvg

interesting on this one. Just having a look at their core business. what are your thoughts on the argument for a bit of diversification? obviously business have their core areas they work in, but with so many sub companies all relating to showers and bathrooms (more of a holding company it seems) I wonder if there is scope to branch out... ?

I would say the recent action negates this point? The correlation co-efficiency is just not there...

tech stock getting hammered today and leading the pull back. Look at those moves!!!!!

fevertree actually tanking today. Chart below shows entry price of 3650 but not correct date of entry. Seeing what tomorrow brings but likely to close significant proportion

all brokers have different data sets for their trade history / real time data. They're just making sure you're aware of this. for example say A takes data for FX from 10 > 10 whilst broker B takes data from midnight to midnight. There will be different data sets on each and therefore potentially differences on the two. my 2c.

Thanks for the overview @Mercury - it certainly makes sense so I guess it's a bit of market knowledge after trading quite a while. Sort of like a requirement to feel it out and find what works for the market you are trading. I used to do the same on the oil markets of 2-3 years ago and used to trade a fair bit then. Since then I try and stick to a small asset group and learn the movements of that before moving on. In my mind as long as something moves then we can have a trade on environment, and I don't see a need to have a significantly diversified collection (note we're not talking about investments - when we have those we want diversification, but when it comes to intra day trade I prefer to limit myself). Like you said I like cryptos at the moment - the moment I picked my username it would seem! But also trade things I know / have an interest in. Gin, hence fevertree recently, technology, hence GoPro and Tesla. I also like the breadth of discussion from other asset chat. Think it adds as everything is connected these days.