This is really a great thread, a nice exchange of thoughts. Its only my opinion that the correct way to think about the markets is much easier than most think. It begins with what you think the market really is. Many think the market is special and can be mastered by careful study and complex...
i wouldn't say resilency more like end of year window dressing. I think this market will hold up until new years then watch out. any way in the intra day horizon nice short may be setting up waiting for confirmatin
How do you expect the markets will act upon a closing basis from the catalyst of the payroll numbers
A. opposite world: Good news is bearish, bad news is bullish
B. All news is bearish
C. Good new is bullish, Bad news bearish
D. Little changed
AEX CASH
Filled gap open @476.40
H.S. neckline: 476.0
Confirming breakdown: 475.40
Stop:476.40
Target:474.0
I don't enter on break-outs I enter on re-tests to the neckline. We will see if it even turns out to be a trade. And keep in mind its a mid quality signal since the pattern didn't take...
The Aex cash has created as classic head and shoulders pattern. Its flirting right now with the neckline. If it can break down with conviction and the other key indices can confirm Estoxx50,DAX, CAC. May be a good possible short.
I'm hoping this thread will gather at least some interest and not read out like a journal.Anyhow today probably won't be so great for a momentum strategy until UK and EU interest rate decisions are completed.
I would like to get the discussion going. Today 6.12.06 @14:25 the AEX is in a very tight base. If it can break to the downside with conviction does anyone see a further downside move?
I couldn't find a thread that effectively deals with intra day trading the global equity index market space. If one exists I apologise. I hope this thread will draw som intelligent speech regarding trading issues for these future contracts and others as well.
ESTOXX50, CAC, DAX, FTSE, AEX...
If you are a serious trader and not just doing it for recreation. The best solution is open a business in Bermuda. Open a bank account in Bermuda. You transfer your profits every month or so from your broker to the bank account. Then you must go physically to Bermuda and collect the funds. It...