WallStFoxy

@FFS_Daytrader Sorry I thought you were implying a short target @ $55.73. I was taught that horizontal support is King so if $56 is broken then a short to $54.40 looks good.

@FFS_Daytrader @Caseynotes I see support @ $56.06 and a test of the d30sma this could be a nice pullback to buy.

@Caseynotes Yep, I noticed the last hour on Friday saved the day and it could again so we wait and see yet again!!

@Caseynotes I get that, but it shouldn't have filled so soon under the circumstances especially so close to the ATH and if so it should have rallied as soon as the gap filled, we will see soon enough but I think this could turn out to be a reversal. 👿

@Caseynotes 26640 is under pressure now and 26520 could be next, but not what you would expect after Trumps U Turn at weekend. The FTSE & The DAX held on as long as they could before they followed The DOW down, clearly not expected. 👿

@Caseynotes Any idea why the Dow failed to tag the ATH today? unless we get a late rally today I'm thinking this looks pretty bad, any ideas? 👿

@Caseynotes You are welcome I hope it helps, I love my pro-real charts & wouldn't change for the world. Previously I used MT4 charts and was very happy with them but never found a good pivot Indicator for them, some how they never seemed right.

@Caseynotes I have noticed you often have different levels to the Pro-Real Charts but they work fine and are well respected so I have no problem with that. They say the pivot point formula I use is (H+L+C) / 3 and the exact level of R3 was 12487.3 I don't have to work them out, they are on my chart every day and work fine. In fact R2 was 12411 and was very well respected all morning so I guess it's not a case of right or wrong it's what you like to use.

Wall st is looking for long stops around 2550 Maybe?

It's been the DOW that's pulled us back every day this week, I just hope we get a bull run for the end of Month. Proreal has R3 at 2490 so I've set that as TP, if it happens it will be a great day.

That we remain to see, I am long on the DAX and hope to close sometime after 21:00 all being well.

@Caseynotes Dow to hit 27000 by 22:00 today, Maybe!!!

@Caseynotes I don't know but I think wall st. traders must want to follow the s&p ATH of last week so Friday and last Day of the month tomorrow we could see a big rally on wall st. Thursday/Friday that would leave us with a big stop hunt before the rally possibly. 👿

@dmedin Thought this may feel good, if you haven't worked it out. 50,000 shares of JD = £500pp @ 580 he was down 17.8 points almost £9000.00

@dmedin Yep & Ocado is moving in the right direction. I guess the smarty pants with £300,000 of JD wished he knew what you knew now. Ha Ha Feels good to be right. Like I said yesterday don't beet yourself up to quickly just follow the charts your not doing so badly.

@TrendFollower In many ways I agree and I do use both longs and shorts, however there is a time to trade long and a time to trade short. With equities they are bullish most of the time and inexperienced trader short a share just because it is high, this is very dangerous and they are well advised to look for a low to buy as apposed to looking for a high to sell. I posted that link because I feel several new traders here are loosing money because they don't realise how dangerous it is to short a share compared to being long on quality stock.

Why You Should Never Short Sell Shares. https://www.marketwatch.com/story/why-you-should-never-short-sell-stocks-2015-11-19 Everybody should read this before they short sell. 👿

@dmedin Don't get so down on yourself, follow your picks up and down don't just look for a quick short, if a share price trend turns up go long in fact long is safest with shares because unless you get yourself a Northern Rock or something the price will come back sooner or later but that is not true about a short. 👿

@dmedin The DAX and the FTSE are pushed and pulled by wall st. and today it's not clear what will happen. Because wall st. pulled back over night today's move on the DAX & FTSE have been nervous.

@dmedin Chart for Ocado!!

@dmedin So far so good, I hope you decided to hold.

@dmedin I didn't even know they had one, must take a look. 👿

@dmedin The point of this chart is simple you sell highs in the Red/Pink and you buy lows in the Blue. Because you entered so late you will have to decide if you want to hold but it's still a sell the high type of market for now.

@dmedin Maybe I should point out, if it's not a stop hunt it may signal a reversal so be sure to watch for that bounce don't be afraid to close out if you don't like what you see. 👿

@dmedin That spike looks like a stop hunt, there will be a lot of stops around 600 to 605. Watch-out for a bounce before it breaks support but a stop hunt can be a signal for the next leg down. 👿