Recent content by GKB

#2 update Hi all, Just a quick one again. Last week I kept my longs and added more in during this week. I'm now 20 points of full exposure underwater from my original positions. During the week I've traded a few longs which have helped mitigate the loss. It looks to me like the market...

update Hi, Just a quick one. If you remember from last week, I promised to update my (awful) current positions. I'm now 120 points underwater on full exposure. Not clever. My results are satisfactory overall with an average of 5% return on total capital per week over the last 6 months...

Aaaaargh. Oh boy was I wrong! H&S despite volume to the contrary. Perhaps volume is usual but not essential. Anyone got comments? I'm sticking with wave analysis and seeing this drop from 10610 to now being a higher degree (hourly chart) E wave down as "ABC". If so we're in the C wave at...

? H&S on Dow/S&P Hello, We talked about this in the chat room yesterday and I read your comments below. The presumed H&S pattern has developed over the last couple of days. Volume ema over this period is inconsistent with H&S pattern. I'm unable to upload the 5 min volume chart, sorry. Wave...

Hi J, here's my 10p worth:)

Hi Joules, re. Chatroom discussion, past couple of days. As you know I follow the Dow but the pattern looks very similar to the S&P. It looks, imo that we are indeed around a fourth wave low. If so the fifth would top perhaps around 10,700 or so. Two points though ... 1) I think that this...

Hi, I only rarely add to the threads these days, but read them often. FWIW, Stephen Hochberg (EWI) has been saying just that. Kind regards, Graham

Hi Justyn, good to hear from you. Hope your family are well. I'm with you for the bears. Regards, Graham

... fascinating conversation:(

feelings Hello all, Just been reading back through the posts since last week. WD to those who have continued to report (unlike me) and comment on the market. Wthout mentioning any names ... I'm sat here listening to Elgar's Pomp and Circumstance and thinking of that old adage ... if you can't...

Hi Justyn, it's been a long time since my last posting. Hope to hear from you in the chatroom? Last time I tried, there was nobody there! I'll keep it open today:) re. the above. Supportive volume would signify bottom/ reversal. There were 6 volume spikes on Friday. #1 peaked just before...

Sall, Margin for one mini-Dow using IB is $2,500 to open one contract ($5 per point). They'll close you out, if you've less than $2,000 per contract in the pot by end of day. Additionally, when/if you open extra positions you will need the full $2,500 dollars margin for each and every position...

TraderTony, do you use IB? I was unable to access them for the first 20 minutes or so, today. Missed out on 60 Dow points:( Anybody had problems before? It seems to me that I could only get logged on once I'd lost the chance to profit. Am I being too suspicious? Could it be avoided by...

:cool: Hi guys, All EW sources AND marketvolume sources say the same ... retrace / retest due. TradeSmart identified 62% retrace with lots of nd ... guess we're heading back to 9700 and if EWI / Velociraptor are right, 9500 / 9600. Only bug in the ointment is ... we're consolidating on the...

Hi Tradesmart, Thx. for your comments. Certainly snorkel trading is very stressful for me and seems a necessary part of my approach. I think it's all down to personality ... never been one to take the easy road:) Seriously, I think you're right about the "good entries" ... an area that I...