Cable going mental +++.... dip in ftse then up lets see
Cable going mental +++.... dip in ftse then up lets see
Maddog79er
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50% off @ 10400 + 70 pips
Maddog79er
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Long FTSE 6816
joseph1986
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that move down was pretty predictable. Ftse next stop 760?
if it goes to 6760 it wll go to 6717 but may bounce yet
Maddog79er
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Make or break time?
US benchmark stock index, S&P 500 has been declining since 25th of October and it has declined for the past seven days, facing a looming rate hike from the US Federal Reserve, uncertainties surrounding the US election (the prospect of a Trump win), and dwindling bond prices. This is not a regular phenomenon. If it declines again today, it could be a major warning of turmoil ahead.
There have been only five cases in past three decades, where the S&P 500 has declined for eight consecutive days and all of them were followed by financial turmoil and in some cases grave financial crisis. The very last time, the S&P 500 has declined for eight consecutive days is back in 2011/12, during European debt crisis and US budget crisis. Before that, it was 2008 and we all know, what happened then.
S&P 500 is marginally higher today so far and we would maintain a cautious outlook as seven days of decline are not common too. There have been seven cases in past 30 years.
US benchmark stock index, S&P 500 has been declining since 25th of October and it has declined for the past seven days, facing a looming rate hike from the US Federal Reserve, uncertainties surrounding the US election (the prospect of a Trump win), and dwindling bond prices. This is not a regular phenomenon. If it declines again today, it could be a major warning of turmoil ahead.
There have been only five cases in past three decades, where the S&P 500 has declined for eight consecutive days and all of them were followed by financial turmoil and in some cases grave financial crisis. The very last time, the S&P 500 has declined for eight consecutive days is back in 2011/12, during European debt crisis and US budget crisis. Before that, it was 2008 and we all know, what happened then.
S&P 500 is marginally higher today so far and we would maintain a cautious outlook as seven days of decline are not common too. There have been seven cases in past 30 years.
joseph1986
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Earnings recession = we can't go any lower
Gold prices = 2 years ahead of forecasts
Oil = deal has yet to be made
I've been saying 2017 will be a scary year only if you look at fundamentals.
All it would it take is for earnings to bounce back, iran to cut a deal and gold to fall back to this years lows. Never underestimate the power of financial engineering by the top decision makers. One thing that may change the whole dynamic is China, and if you haven't noticed yet they've been real quiet about it's looming debt crisis. If the U.S. keeps pushing the south china sea situation China can effectively launch a suicide bomb attack on all financial markets which would make warren buffet have a heart attack.
joseph1986
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only if you look at prices I meant
psaTrading
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According to some technical indicators, the recent rise in the DJ Stoxx Banks reached extreme levels, so in the short term, some of the positive news may have already been discounted by the market.
Maddog79er
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DOW hitting minor support here. Long again @ 17937
counter_violent
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I think it's some sort of yo momma joke. Like, I
Yo Mommahttp://www.laughfactory.com/jokes/yo-momma-jokes
Maddog79er
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EUR/USD looks like a classic double top forming on the 15 min chart. I am short here at 1.10970
Maddog79er
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Failed. Out - 7 pips.
psaTrading
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According to some technical indicators, the recent rise in the DJ Stoxx Banks reached extreme levels, so in the short term, some of the positive news may have already been discounted by the market.
f2calv
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5 - 10 years experience, too
Below are some screenshots of his old account, but he'll be being "very bullish" on tiptv tomorrow morning (Tim Young)... then again he never is *anything* but bullish. But in times of extreme drawdown he certainly looks ashen-faced, which I can relate to!
August 2015 he got wiped out... funnily he didn't mention that on Tiptv :whistling
And his individual trades, notice the complete lack of going short...
f2calv
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That stop level, although he never got to use it. You couldnt make it up!!
Thanks for the chart, yes gotta love that stop
I like to keep tabs on how he's doing, if only to make me feel better about my own **** trading...
https://social.ayondo.com/Timtrading
&
https://social.ayondo.com/FTSETrading (blown account)
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