chindl
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Hung
Note you have the Dow on your list of longs. Just beware if a potential set up occurs. The Dow is pushing to new highs and trading higher and is now entering an overbought status. On the other hand the Naz is making it's way to recent lows with the 50 DMA turning to a downward trend. The Naz is also not Oversold and this looks more likely to swing lower and may take the the Dow and the S&P with it, as the Naz tends to lead and there's significant divergence between the price of the Naz and the other two. I will try and post a chart, but I'm off to football training now, so I may not get chance.
Good trading.
Chris
Added futures charts for Naz and the Dow
Note you have the Dow on your list of longs. Just beware if a potential set up occurs. The Dow is pushing to new highs and trading higher and is now entering an overbought status. On the other hand the Naz is making it's way to recent lows with the 50 DMA turning to a downward trend. The Naz is also not Oversold and this looks more likely to swing lower and may take the the Dow and the S&P with it, as the Naz tends to lead and there's significant divergence between the price of the Naz and the other two. I will try and post a chart, but I'm off to football training now, so I may not get chance.
Good trading.
Chris
Added futures charts for Naz and the Dow
Last edited:
Quote:
Originally Posted by eddyjo
Hi Splitlink, Were the 'Tankers' "In Flight Refuellers" by any chance?
Quote:
I've been to Saigon and Haiphong. Were you born then? The French were there. Tankers, 1953-1961. Mooochas problemas!
Now I'm in Spain.
No, the floating type!
Split
What are you guys talking about?! Hope you're soundly asleep.
Originally Posted by eddyjo
Hi Splitlink, Were the 'Tankers' "In Flight Refuellers" by any chance?
Quote:
I've been to Saigon and Haiphong. Were you born then? The French were there. Tankers, 1953-1961. Mooochas problemas!
Now I'm in Spain.
No, the floating type!
Split
Splitlink said:
What are you guys talking about?! Hope you're soundly asleep.
'The Apprentice'
The Apprentice show will be on BBC 2 tomorrow at 9PM. I am a big fan of this one and Sir Alan Sugar.
The FT noted over the weekend that Sir Sugar's firm Amstrad has been doing well recently. The share chart below shows it.
If there's a show like this for swing traders, that would be brilliant. I am more than willing to compete
The Apprentice show will be on BBC 2 tomorrow at 9PM. I am a big fan of this one and Sir Alan Sugar.
The FT noted over the weekend that Sir Sugar's firm Amstrad has been doing well recently. The share chart below shows it.
If there's a show like this for swing traders, that would be brilliant. I am more than willing to compete
Attachments
Short LSE
I decided to take a bit of a risk and short LSE at 821 with stop loss at 851. Now that the takeover is almost void, I bet that the only way for it to go is down in the next few days. I'll look for an opportunity to double up on this position if it goes my way.
I decided to take a bit of a risk and short LSE at 821 with stop loss at 851. Now that the takeover is almost void, I bet that the only way for it to go is down in the next few days. I'll look for an opportunity to double up on this position if it goes my way.
Attachments
Playing FTSE lottery
This has nothing to do with the chart. I just bet that the FTSE can's possibly break the 5900 ceiling without a small pull back and have shorted the March FTSE at 5862. But I am only risking a small sum with stop loss being 40 points away.
I'll see how it's going to play out.
This has nothing to do with the chart. I just bet that the FTSE can's possibly break the 5900 ceiling without a small pull back and have shorted the March FTSE at 5862. But I am only risking a small sum with stop loss being 40 points away.
I'll see how it's going to play out.
chindl
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hungvir said:
I use the shorter time frame on the lower indicator of the charts that I attached to reflect whether oversold or overbought. This is similar to a MACD but with slightly different timeframes to the standard MACD. The shorter timeframe hits the extremes and is a 3 day MA of the longer timeframe that appears smoother. I sometimes also use a stoch if I want further confirmation. The indicator on the charts is based on principles outlined in a book titled Trading Day by Day by Chick Goslin.
Regards general sentiment stateside, bit tricky at the moment due to the divergence of the price on the Dow and the Naz, I won't be partaking in much action stateside at the moment due to this. Prefer to get cleaner trades to keep risk low. One of the things I try to avoid is trading during chop or when something happens that doesn't quite fit. The Dow and the S&P leading the Naz doesn't quite fit for me at the moment so I'll stay away and take a rest until it cleans up. There's plenty on offer at other times to prevent this overtrading.
Chris
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