Day Trading & Forex Forum

alliance

Hi Bracke:
Thanks 4 info..I understand the reasons supp/res are diff..depending on which indicators one is using, but the pivots I had originally thot were "universal" no matter the system...ho hum!

No, I dont have 2 screens..don't be silly!..with my lack of TA wot would I use them for?..I suppose I could touch up my make-up in the reflection of one lol! I just listen and watch index climb/fall..as some explain what they are reading from charts...fascinating stuff really! and am just picking up on the lingo and wot it means, from some very patient ppl in there.(patient with my all my questions I mean). However most seem to be day traders/scalpers and @ the moment I find futures scary enuff, so am certainly not about to jump on that train....no matter how much gravy is available I watched smarwood time a perfect entry AND exit last night for summat like 55 points(dont quote me on exact number) and was amazed at the whole process. Methinks (as I suspected already) that my TA training is going to be very very enlightening Apart from the enlightenment, the craic is quite good especially when mkt is rangebound.

No positions open now bracke......did some "hedging" and pulled a a bit back, but still took a hit

Happy Trading!

p.s.This is becoming like a big private pm thread for us bracke..do u think if u changed ur aftershave and I changed my perfume it would help?

barjon

Gaw'd - can't stand the thought of different pongs oozing off the screen

bracke - from a TA view
alliance - from your gut feel or whatever

Don't you think the support area stemming from 24 March is looking more and more important? It's been tested 4 or 5 times now.

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bracke

alliance

You could watch day time TV on the other screen.

I have traded the dow in the past and it has been responsible for my largest gains and losses.

I have printed off chartmans method of trading the dow and may venture back to it when I think I know a little more about what I am doing.

Perhaps we should re-title this thread the ftse 100 graveyard its about as lively as one. We lack regular posters of the bonsai and mully calibre, it is becoming the alliance and bracke mutual cry on shoulder show. Perhaps we should propose an amalgamation with the dow thread but I suspect that it would be treated as an unwanted, unrequested, impudent approach.

Regards

bracke

PS I know its not BO as I had a shower in March.

bracke

Very much so. There appear to be 2 schools of thought. If it is tested 4/5 times and has not broken it will hold, or, it is only a matter of time before it breaks

I was looking at what the next support levels might be, looks like 4200 and then 4000, after that everyone is jumping out of windows.

I have no thoughts on which way it may go, there are too many factors in play, so keeping my powder dry. If I do trade I will not want to hold for very long, ideally in and out in a day.

So smellavision does not appeal ? Shame, alliance was off to Tesco to buy a couple of litres of their finest smelly stuff

Regards

bracke

alliance

Good Morning viewers! (if any)!
Friday 13th doesn't appear to have spooked mkt ....thus far However some key US data due later which (as always) could send us rocketing or plummeting...place ur bets now!
Data due:
US: July PPI (1330 BST), June trade balance (1330 BST), August preliminary University of Michigan consumer sentiment survey (1450 BST).
No Uk news, so guess all eyes on US.

Bracke;
Use some shower gel next time

Barjon:
My gut feeling took a beating last week ...so I aint listening to it @ the moment. Sitting on hands til clear and present dangers have passed. I agree with bracke's sentiments..could go either way...tho downside surely has the edge despite this mornings performance thus far!

Happy trading one and all

barjon

mornin' all (briefly, off to golf soon)

at the risk of flogging the horse, that support held again (so far!!). although the downside clouds have gathered that sailors trousers patch of blue sky needs to disappear if the storm is to hit?

bracke

Good Morning alliance and others

I am not certain that good data will make much difference, the US appears to be in down mood mode currently. There was some reasonable data yesterday but Oil and HP results ruled.

The bears seem to hold sway and until the oil price can be brought down and steadied it will need some very special news to get minds off it. The success or otherwise of the Google flotation may also play a role.

I missed the opening down gap this morning which has now been filled.

In the meantime I am still wary of the direction that this market will eventually take.

Regards

bracke

bracke

Hello Sailor !

The flogging has got to stop, people are starting to talk.

If my records are correct yesterday was the third day since last Friday that the dow has made 9815 which is a year low. Something has got to give soon either the sun comes out or the storm lets rip. I keep thinking of the November election and the effort that will go into keeping things afloat until then.

Regards

bracke