dmedin

This is a good point

Cripes! A big ding-dong https://uk.reuters.com/article/uk-global-markets-themes/take-five-ding-dong-markets-merrily-on-high-idUKKBN1YO1LK?il=0

Oi noi! 😣

Here we go - cracking down on the unions already! https://www.bbc.co.uk/news/business-50856321 The party of the working class indeed. Well, for the working class who know their 'rightful place' and doff their caps to their social superiors anyway Mind you, this could be good sign for going long on the likes of the Royal Mail in future, which has a strongly unionized labour force!

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Haven't had a chance to see it yet but the RSI certainly does correspond well with what you see going on in the price movements, at least sometimes. I like it precisely because it generates far fewer signals and is less noisy. The MACD for me is visually hideous and unbearably noisy and unreliable, stochs are too complicated and all the rest is just 'pish'. But if someone finds them useful then it's great.

😻 Watch out for RSI divergence/RSI dipping below 70, that will be the point to take profits/enter back in long.

Starting to show their true colours already. They just can't help themselves 😉 https://www.bbc.co.uk/news/uk-politics-50854323

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I've read this guy's book, it is okay - the nature of the subject means you have to read it several times before some of it sinks in. He says you should also pay attention to the character of the wave and points out some of the famous gotchas like 'extended fifths of fifths' being followed by big corrections and also the mind-boggling subject of flats, zigzags and permutations thereof and how you can potentially spot them and measure them. https://www.amazon.co.uk/Five-Waves-Financial-Freedom-Analysis-ebook/dp/B005JC5WWU/ref=sr_1_1?keywords=ramki+wave&qid=1576835294&sr=8-1

Get ready to buy the dip!

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@CharlotteIG this is a really good introduction, please can we see more examples of actual drawing of retracements and extensions if there is ever another video on EWP, because that is the part that is absolutely key and the bit that people need most practice with.

Unfortunately I find myself going between the IG web platform and PRT all the time as neither are perfect. Would prefer to be using one good system. PRT is better for graphing.

Heading on up:

The U.S. indices are blasting off into the stratosphere, (Well, S&P 500 and Nasdaq 100 at least,) But oh, how long will it last? And for how long shall it be, my bonnie loon? Of which oracle shall we enquire? To which god shall we pray? What animal's intestines or tea leafs shall we divine our omens from? Oh the pain! The pain! I cannot take it any more, my bonnie bairn!

The unrelenting selloff continues - markets genuinely shocked that pro-Brexit party that promised to deliver Brexit is planning to deliver Brexit. Lessons learned, everybody?

Still in a rising wedge

Will probably just be a shallow retrace to 23% or a test of S1 pivot followed by a resumption of extreme heavy selling for reasons that only God and the City knows. I'm holding on to my big loss for now.

That's a big divergence between commercials and speculators and that usually results in price swinging the opposite way, right? I.e. down.

Beware the Ides of March https://uk.reuters.com/article/us-usa-investors-risks-analysis/wheres-the-risk-u-s-fund-managers-bet-on-bull-run-in-2020-idUKKBN1YM1CN

If there is a pullback.

Long oil. It's only just starting to go overbought.

@Mercury Quite right, and I agree this isn't one for average retail clients (like me). I mean, you pay £20 to IG just to initiate a trade (permanent 20 point spread) and the leverage is stupid. Plus you get a move like this, down over 400 points. Still looks like a good buy at the pivot point though

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