P
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postman
Closed it at 47
SuddenDeath
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P
postman
SuddenDeath
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very good
dax very small range today
with the dow i have lost the plot. i do not even think it knows itself to go up or down
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postman
Dax hit the magic 50 points at 4.15 today and went up after hours. If only I knew that was going to happen earlier. 😉
I'm long Dow - sshhhh!
SuddenDeath
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sp500cash chart 6 months is a thing of beauty looks like going parabolic
good luck with dow.
dow return of the congestion/digestion day?
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postman
Charts saying 15420+ finish on the Dow today.
DAX30DayTrader
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Are you using Elliot Wave postman
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postman
No, I'm using my eyes and a tick chart.
I reference 1 minute, Hourly and daily charts plus some moving averages. But nothing comes close to sitting in front of the screen for 10 hours a day and getting a 'feel' for the market.
I'm trying to tame the beast that is the Dow :whistling the Dax is much more predictable but not as much fun 😉
I feel the Dow is about to dip below 380 soon (its happening as I'm typing) then later in the evening hit 15428. The last half hour is plain madness. 😆
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postman
I really dont think the Dowboys are going to give up all this weeks gains tonight - the Dax and FTSE close lends support to that. Plus the stress involved in keeping your long positions open to the very last minute is too much for most people (me included last night) so they just keep ratcheting up the tension.
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postman
IBM still going down and Dow inching up.
Imagine what it would be doing if people started short covering into the weekend ???
Imagine what it would be doing if people started short covering into the weekend ???
DAX30DayTrader
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I like the tick chart myself, as well as the 2.5 range bars for the DAX
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postman
If the Dow goes below 374 its trouble. If 380 holds for 15 minutes its a long opportunity 😉
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postman
I opened this at 368 and closed it at 396 just now.
It is late in the day on Friday and I've done enough for the week.
Have fun. See you back on Sunday night / Monday morning. 👍
SuddenDeath
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postman
It is tempting to say things along the lines of "If a trader cant explain or quantify the risks involved in a product he is buying / selling then he shouldn't trade it".
However I liken that to saying "If you cant explain how an internal combustion engine works you shouldn't drive a car".
A simpler solution is get rid of 'too big to fail'. Tell banks if they deal in derivatives and get it spectacularly wrong then the company folds and if necessary someone goes to jail. Then the directors might take a bit more interest in what their traders are doing.
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postman
Intertrader has 6701.
Looks like were going down this week and they wanted to clear out a load of shorts.
It happens every now and then. If they think they are going to lose a lot of money they can just arrange for the price to go up or down almost at will. Ring them up and ask them why it happened, I'd love to hear their excuse. Sorry if you lost money.
Looks like were going down this week and they wanted to clear out a load of shorts.
It happens every now and then. If they think they are going to lose a lot of money they can just arrange for the price to go up or down almost at will. Ring them up and ask them why it happened, I'd love to hear their excuse. Sorry if you lost money.
