cheviot
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Posts posted by cheviot
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22 minutes ago, HPbrand said:
You know what you are doing though, not everyone can think for themselves.
Thank you I take that as a compliment.
Today has been something for everyone.....Bull and Bear.... Brutal in either direction..... Very volatile....which is good to make a few $$$....but **** ..If you ca nt hit a barn door.... to save your self....
I would say with my Apple trade....If it had gone wrong i would have been prepared to sit it out as Apple is a good company , and probably fairly valued at $270-$289 even with Covid 2019 . I just thought it over valued at $325 and over bought....which it was ....
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1 minute ago, Bopperz said:
The last two days have seen sell offs in the late afternoon/evening. Hoping for the same again today!
When the tide goes out.....We ll see who s wearing any shorts ........😄
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33 minutes ago, HPbrand said:
I'm not stupid enough to go long unlike many contrarians.
Some time it works pretty well...Just bought Apple at $274.35 , bottom of channel and Fib correction, now up $ 10 in ten minutes..... Thats contrarian trading...
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23 minutes ago, HPbrand said:
I'm not stupid enough to go long unlike many contrarians.
🙉 Buy low sell high my friend
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FTSE held my hook at 6724...Can I breath again....T Bonds just off the boil.
I actually think it was Apple that turned the market up.....It hit its 38.2% correction at $273.70 and turned on a dime.....
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What gets me is : The number of so called money managers who a week ago were telling everybody that the market could nt go down and that they were telling their clients to buy xyz stock, now turn up on business TV claiming that they sold out at the top ...They are full of ****.....They are worse than sheep, and most of them do nt deserve to run their poor clients money,.......How many grannies got stuffed with Apple at $325 into their portfolios...because it 'could nt loose'...... ####
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The way I m trying to trade this market is : at the moment i think the market will rally,,,so I add to my longs as the market drops, but flog them on bounces....i m nett long all the time ...but by 'Churning' my possy ...I live to fight another day....
Why do it this way ? Because I was sick and tired of being stopped out of all or nothing positions , when I should have been buying or selling....
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1 hour ago, trade247 said:
the benefits of options. takes the emotion out of it.
nicely sets up the trade for the da.y
If your view is to be short ...sell spot....The problem with options is you are simply paying a premium for vol. price. and delta.
The best time to make $$$ out of options is when you feel the market is about to turn.....then buy a cheap option out of the money but in your renewed direction.... Vol is too high to find any cheap options in equity IND X s at the moment....
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5 minutes ago, dmedin said:
Very true. I'm sure China featured prominently there, and we all know how well people are treated in China, even as they are lifted out of 'extreme' poverty.
Trickle down ...Does it work ? The gap between rich and poor within most countries is becoming wider.....To genuinely reduce poverty we need to pay all a fair living wage....From textile workers in Pakistan to coffee pickers in Ghana....and tax the wealthy much more.....But no government ever gets voted in on that ticket.....Look at Bernie Saunders ...He s getting a beating from the Right wing press....Labour in the UK...
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GRAPHIC – China's top container ports unclog backlog as virus curbs ease
07:43BEIJING, Feb 27 (Reuters) – China's top container ports are loosening the backlog of cargoes on their docks as workers return to their posts after coronavirus travel curbs that kept them away and jammed up global supply chains have been eased.
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When the going gets tough.....The Tough go shopping......
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Oil in my view ........ Do nt forget..Its in temporary surplus....When the price gets too low....They just keep it in the ground....
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Reasons to be cheerful 'Part two'....as the late great Ian Dury would say:
Dow J Sp and oil all hit long term wash out targets. DAily RSI s are all in bounce territory.
DJ hit and is bouncing off 78.2% correction of the uptrend
SP hit 61.8% correction of up trend
Oil hit long term support line at $47.70 and is the bottom of Wave B of a complex wave correction
TB has not broken 203.25 on Futures and 1.8%
FTSE bouncing off bottom of triangle and geometric support of 2 median lines.
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7 minutes ago, HPbrand said:
Dow 28400
Is that your upside buy signal ...or do you sell there ?
I d say that was a retrace you sell at ??
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T Bond getting bought up again....200.00 base 203.25 on th e long bond...Equity rally may fade as bond sellers are running out of steam at 200.
Watch the T Bond even if you do nt trade it...It ll warn you of what INDX s are going to do next.... 203.25 equates to 1.8% yield, so far its never broken it in 50 years...If it does...INDXs will get slammed again....
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I love Apple what a great company...so well run.....Such a lovely share price.
A B C correction in progress.....If it takes out $302 , it ll retest the highs.
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1 hour ago, dmedin said:
I need a little goblin to sit on my shoulder and stop me compulsively placing trades.
I ll lend you one of my dogs if you like 🐕
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1 hour ago, trade247 said:
so whats the direction you think on this @cheviot ? and same to be applied to Wall St?
FTSE and DJ are not really on the same page...FTSE trapped in this triangle of 18 months duration...Bid to the roof when its up , and looks like **** when its on its toosh ....Typical triangle ....Basically the market wants to follow , but does nt know where to go as there is fundamental conflict. I think with FTSE , it is heavy weight miners and oil, retailers and banks....and with £ and Brexit , it has nt got the follow through to break out , as there is no real spark.
Wall St is different....They do nt have as many head winds, and they have a very accommodating Fed....They ve had tax cuts galore and V importantly there has been alot of corporate buy backs.....Also Heavy tech industry...FANG has done really well....we do nt have that in FTSE....So we wo nt follow until there is a few more things clear. L T I think Ftse/UK could pick up really well...while US goes through election etc.
I m a buyer of Wall street, here but only to carry/sell.....later, I think tummy says that its over done....a bit of choice buying....but be prepared to dump it ....quick.
We ll probably try th e upside in a week as every body talks CV2019 down....But ....watch the TBond.....If it can get through 1.8 % yield , stocks will drop very quickly...
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FTSE weekly.......Sorry folks we are still in a triangle.....Ftse hit the bottom support line this morning.....Thats why ...out of nowhere it stopped dropping (Thank God)
Being a triangle we can expect a test of the top again ....May /June ...next week ?
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FTSE daily. Bounced hard off an Andrews median line....Theory is that act as strong resistance as do 1/4 and 3/4 lines. Most powerful signal is when an instrument gaps though over night....Its very steep as you see, but not to be underestimated as a support line.
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20 minutes ago, cheviot said:
T Bonds getting pushed lower.....and suddenly bids for equities.....Could be an almighty scramble to get positions back
T Bonds down 2 big figures,,,, Does nt like 1.8% yield on the 30 yr....Driving Equities back up....Yen weakness too
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T Bonds getting pushed lower.....and suddenly bids for equities.....Could be an almighty scramble to get positions back
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9 minutes ago, dmedin said:
Hahaha 😻👍
She just wags her tail.....What good is that !
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Cable still stuck in its channel.....Hit resistance line at 1.3010 , looks like a push lower as it performs this shuffle bounce quick step,,,,,,
Reasons to be cheerful 'Part two'....as the late great Ian Dury would say:
_20200226_15_37.png.32133884318dec946d04f752d605ff75.png)
Indices
in Indices and Macro Events
Posted · Edited by cheviot
OIL .......DONT LAUGH,,,,, I think we completed the final down leg of the correction.....It hit and held the 123.6% extension of big A.....see below...