fast trader7
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Mate,
i have already made 20 poits donation to IG on es.
Went short at 1.4775, sl 20 and gone in minutes
today is not for me.Off to the gym
Wallstreet1928 Analysis & live calls on FTSE,DAX,S&P...aimed to help New traders
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Mate,
i have already made 20 poits donation to IG on es.
Went short at 1.4775, sl 20 and gone in minutes
today is not for me.Off to the gym
Mr. G
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Yes I am. I'm currently standing on the sidelines. The rules say to be long but I can't bring myself to buy this market at these levels. I know, I know - rules are there for a reason and we should trade what we see, not what we think. I'm seeing resistance at 5190/5200 which looks like it has gone today. Some good debate over on the swingin' thread (ooh err missus
) over the weekend. If I missed a long, so be it - I'll wait for a pullback and get in then. Alternatively, I'm waiting for the trend change.The short was a breach of the low on 28th - very tight stop on it.
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Da.DesiTrader
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Yes I am. I'm currently standing on the sidelines. The rules say to be long but I can't bring myself to buy this market at these levels. I know, I know - rules are there for a reason and we should trade what we see, not what we think. I'm seeing resistance at 5190/5200 which looks like it has gone today. Some good debate over on the swingin' thread (ooh err missus
The short was a breach of the low on 28th - very tight stop on it.
You and I need to discuss some EOD strats
I am trying a divergence plus std error channel based setup, based on which it gave a short signal, right around 5180 few days ago, after which we saw the lows below 5k. I still dont have confidence in it, but it has worked pretty well on CAD/JPY, EUR/GBP, Cable and USD/JPY. See what you think about this one: http://www.trade2win.com/boards/uk-...p-aimed-help-new-traders-1765.html#post922074
wallstreet1928
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really WS!
i think geo is a good guy :cheesy:
(you see what i did there??? :cheesy:
haha ................
Naught naughty
Mr. G
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Another thought (as I have some to think about these things this afternoon).
Will the highs go on the US indicies today I wonder. If not, would we then have a double top in place? If we do, I'd take that as a bearish sign although with the holiday in the US wouldn't put the mortgage on a short. I'd wait for a confimation - then it'd be mortgage, wife, kids, the lot - well, a couple of quid a point at least....
Will the highs go on the US indicies today I wonder. If not, would we then have a double top in place? If we do, I'd take that as a bearish sign although with the holiday in the US wouldn't put the mortgage on a short. I'd wait for a confimation - then it'd be mortgage, wife, kids, the lot - well, a couple of quid a point at least....
Da.DesiTrader
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Just another thought. A lot of people have tried to call the top to catch the big wave (including me). However, if we had just switched it around, we'd be a lot in the money.
I tried a new (crazy system) Friday. I wanted to go short at 5152, and decided, I am mostly on wrong side of market direction, so lets go long. Went long at 5154 and exited around 5176ish. It was a papertrade ofcourse.
If a trader is not good and consistently loses money, based on whatever analysis. Just flip the action.
Cheers
I tried a new (crazy system) Friday. I wanted to go short at 5152, and decided, I am mostly on wrong side of market direction, so lets go long. Went long at 5154 and exited around 5176ish. It was a papertrade ofcourse.
If a trader is not good and consistently loses money, based on whatever analysis. Just flip the action.
Cheers
dr.blix
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ok, this ones looking good so far...actually, its the one after this...today i've opened a few shorts...and all because i couldn't wait for the one that i wanted...which is this one @ 807...lets see what happens.
Chelski
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dr.blix
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stopped out @ BE...was up 20 pips at one point
I was short all afternoon, just managed to close for nearly 3 points on the snp... was babysitting it all afternoon
im calling it day ..Da.DesiTrader
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good one Si55AMG. I would be very happy if I can make 25 points a day, let alone on a slow day like this one.
InTheMoneyStocks
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VIX FILLED A MAJOR GAP. THIS IS WHY YOU WANT GAPS IN YOUR CHART
The VIX(volatility index) filled a major gap today. When gaps get filled that have not been filled previously from long periods of time they become great support and resistance levels. In this case with the VIX chart it was support. Therefore, it is important to have gaps on your charts in order to take advantage of them.
The VIX(volatility index) filled a major gap today. When gaps get filled that have not been filled previously from long periods of time they become great support and resistance levels. In this case with the VIX chart it was support. Therefore, it is important to have gaps on your charts in order to take advantage of them.
Thanks DDT,, yea can get tough sometimes, like today.. a long boring day babysitting trades.. Even if u can manage 20 poits/pips per day then your on a winner..
Thanks ITMS..VIX FILLED A MAJOR GAP. THIS IS WHY YOU WANT GAPS IN YOUR CHART
The VIX(volatility index) filled a major gap today. When gaps get filled that have not been filled previously from long periods of time they become great support and resistance levels. In this case with the VIX chart it was support. Therefore, it is important to have gaps on your charts in order to take advantage of them.
wallstreet1928
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Da.DesiTrader
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Anyone seen this Risk free arbitrage forex trading system with spread betting
It doesnt make sense, he's using different formula in second example to calculate his losses on CFD positions.
Weird
It doesnt make sense, he's using different formula in second example to calculate his losses on CFD positions.
Weird
wallstreet1928
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Gold since the beginning of recorded time has been viewed as the one true currency. Ancient civilizations such as the Egyptians, Persians, Babylonians, Greeks, and Romans all had gold as the one true currency in their monetary systems. While fiat money systems have come and gone gold has stood the test of time. Even Christopher Columbus was seeking to trade for gold when he founded the new world. Why was gold so heavily sought after? What is so special about this metal that men are willing to die for it and economies collapse when they leave it as the standard.
In 2000 when the technology bubble burst and the birth of a new bear market began gold was trading under $300 an ounce. The Federal Reserve Bank, then lead by Alan Greenspan, began to lower interest rates and gold began to rise. Even as the stock market seemed to recover in 2003 gold continued to move higher trading around $400 an ounce. As the housing market boom began gold just kept moving higher and has never stopped. It seems gold was signaling to world that another bubble and bust was in the making. In 2007, when the next great phase or perhaps the second bear campaign was beginning gold traded at just over 1000 an ounce. This metal or so called currency was up over 300 percent since Federal Reserve Chairman Alan Greenspan began lowering the Fed funds rate to 1 percent and giving birth to the housing boom. Could another bubble be in the making? Could this be a repeat of the recent past (2000-2007) as the current Federal Reserve Bank Chairman Ben Bernanke has lowered rates to zero and gold has soared to new all-time highs trading at $1049 an ounce as of the close on October 9th 2009? This time, however, the housing market has not reacted as it did in 2002-2003 and the unemployment picture is much different this time around as well.
Where does the U.S. Dollar fit into this picture? The dollar has steadily declined since the 2000 stock market bust. It is now very close to it's 2008 low again when oil traded as high as $147 a barrel. Currently oil is traded around $72 a barrel and has been very volatile since it's recent peak of $89 a barrel. Is it possible that the market is still fighting a deflationary picture? Everywhere we turn we hear about the inflationary scenario being painted in the media. Perhaps the U.S. government and the Federal Reserve bank would actually prefer inflation and are actually trying to create it. If inflation takes over then the Federal Reserve Bank could simply raise interest rates to solve the problem. Can the world survive another dose of the same remedy that Alan Greenspan prescribed in 2001? What if this is not even the same illness?
What if this is a fight against deflation? Japan is still fighting deflation from the late 1980's. At the peak of the Japanese economy the Nikkei stock market index was trading near 40,000 and today it is at 10,000. It was even lower before the recent global coordinated stimulus plan and has never even retraced 50 percent of what it lost since the late 80's decline. Please understand that that was 20 years ago since their deflationary economic spiral began. The one thing that probably saved the Japanese people from a much worst personal economic environment was that they had a high savings rate and very low debt. This is something that the people in the United States do not have. They simply have the opposite. They have very little savings and are drowning in debt. On top of that they have a government that tells them to go out and spend too.
So while we hear about the great recovery that is taking place all over the world our friend gold is telling us a different story. Yes, gold could be due for a pullback in the near term as it is getting very crowded with speculators at it's new all-time trading high price. However, it is signaling the warning signs of something that is not healthy with this new stimulus, bailout, or whatever else you want to title it. Whether it is inflation or deflation that is on the horizon gold is telling us to watch out.
Nicholas Santiago,
Chief Market Strategist
InTheMoneyStocks - Technical Analysis Trading | Stock Market Chat Room | Learn to Trade
In 2000 when the technology bubble burst and the birth of a new bear market began gold was trading under $300 an ounce. The Federal Reserve Bank, then lead by Alan Greenspan, began to lower interest rates and gold began to rise. Even as the stock market seemed to recover in 2003 gold continued to move higher trading around $400 an ounce. As the housing market boom began gold just kept moving higher and has never stopped. It seems gold was signaling to world that another bubble and bust was in the making. In 2007, when the next great phase or perhaps the second bear campaign was beginning gold traded at just over 1000 an ounce. This metal or so called currency was up over 300 percent since Federal Reserve Chairman Alan Greenspan began lowering the Fed funds rate to 1 percent and giving birth to the housing boom. Could another bubble be in the making? Could this be a repeat of the recent past (2000-2007) as the current Federal Reserve Bank Chairman Ben Bernanke has lowered rates to zero and gold has soared to new all-time highs trading at $1049 an ounce as of the close on October 9th 2009? This time, however, the housing market has not reacted as it did in 2002-2003 and the unemployment picture is much different this time around as well.
Where does the U.S. Dollar fit into this picture? The dollar has steadily declined since the 2000 stock market bust. It is now very close to it's 2008 low again when oil traded as high as $147 a barrel. Currently oil is traded around $72 a barrel and has been very volatile since it's recent peak of $89 a barrel. Is it possible that the market is still fighting a deflationary picture? Everywhere we turn we hear about the inflationary scenario being painted in the media. Perhaps the U.S. government and the Federal Reserve bank would actually prefer inflation and are actually trying to create it. If inflation takes over then the Federal Reserve Bank could simply raise interest rates to solve the problem. Can the world survive another dose of the same remedy that Alan Greenspan prescribed in 2001? What if this is not even the same illness?
What if this is a fight against deflation? Japan is still fighting deflation from the late 1980's. At the peak of the Japanese economy the Nikkei stock market index was trading near 40,000 and today it is at 10,000. It was even lower before the recent global coordinated stimulus plan and has never even retraced 50 percent of what it lost since the late 80's decline. Please understand that that was 20 years ago since their deflationary economic spiral began. The one thing that probably saved the Japanese people from a much worst personal economic environment was that they had a high savings rate and very low debt. This is something that the people in the United States do not have. They simply have the opposite. They have very little savings and are drowning in debt. On top of that they have a government that tells them to go out and spend too.
So while we hear about the great recovery that is taking place all over the world our friend gold is telling us a different story. Yes, gold could be due for a pullback in the near term as it is getting very crowded with speculators at it's new all-time trading high price. However, it is signaling the warning signs of something that is not healthy with this new stimulus, bailout, or whatever else you want to title it. Whether it is inflation or deflation that is on the horizon gold is telling us to watch out.
Nicholas Santiago,
Chief Market Strategist
InTheMoneyStocks - Technical Analysis Trading | Stock Market Chat Room | Learn to Trade
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