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Dax has been on a journey today !
A tepid family birthday recently and we are still in
that window for a cit. The problem is we have
mixed contenders for an ‘h’ or an ‘l’ so we
need US action for some clarification.Never give up, never surrender.
Will those US traders trapped at s&p 2075 be let
out of jail, with their shirts on their backs.Atm the so called US leader, the NAS, does not
want to help.Never give up, never surrender.
A while ago ‘K’ mentioned Dow 18000 as possible
and you could maybe add s&p 2077 to that.It would not have to be the top but atleast a
zone for a small top đNever give up, never surrender.
I will be on alert for today or early doors tuesday being the
low of this week, in many markets. As it seems more of a bet
than a trade, I will wait and see if we get confirmation.It matters little now if monday was this week’s low or not
as we have had enough time and price to make profits, by
just being ready to trade on confirmation, of a move.Never give up, never surrender.
Ftse ooh quotes are circa 6750 and so the simple rule is
bulls want 6800 bears want 6700 and it would be a
greater prize if your target comes first.With BoE and EcB on thursday and NFP friday it would
be a surprise if we make a big breakout today.Never give up, never surrender.
US hedge funds are closing at the fastest rate since the financial
crisis with the brunt of the closures amongst the smaller funds
where returns have been as low as 2% pa. The closures are now
expected to hit the medium size funds leaving just the large
funds to hoover up the available fund money.So it’s not just kpad traders who are finding it tough.
Never give up, never surrender.
With BoE and EcB on thursday and NFP friday it would
be a surprise if we make a big breakout today.Even allowing for the above, atm the Ftse and Dax do look weak
so it maybe the US which weighs in with the deciding vote.Never give up, never surrender.
Not sure how many mini fakes a market can do in a day
but it keeps on producing them.Sunny but cold here in the South West of England so
it’s good walking weather and that’s what I am
going to do until after BoE EcB NFP.Of all the levels in focus now s&p 2077 does seem
it could be one to watch, imho.Enjoy your trading, you can tell me how it went
next monday morning.Never give up, never surrender.
Just like fishing. Tell the market your out walking
but really your waiting for the EcB to ground bait.That is deffo my last trade this week as I will not
give the market any chance of getting my profits.Now I am going walking đ
Never give up, never surrender.
Testing these levels and timing with three small shorts.
Dow 17980
Dax 10091
Ftse 6746I would not like to hazard a guess which if any will be
winners, such is the onesided nature of these markets.Never give up, never surrender.
Testing these levels and timing with three small shorts.
Dow 17980
Dax 10091
Ftse 6746Correction … Ftse short @ 6750
As the Dax and Dow are more risky, they will be the first
to be closed on a dip.Ftse seems reluctant to push higher even with the Dax and
two of the three main US markets going to new highs and
the NAS is not as bullish as the Dow and s&p. Add in it
is a full moon today, bears have another window, which
they have to use next week.Never give up, never surrender.
Apart from holding a small short 24/7 to guard against a low odds
drop, I will not be trading much in December as it’s the month
of Christmas and family and spending money.Odds favour a drop, maybe just a dip, then up into late Jan or
early Feb and if we are at the big numbers most expect, then
that would get me to place a normal size short.Never give up, never surrender.
if we are at the big numbers most expect, then that would get me to place a normal size short.
“Most expecting” Â possibly means it won’t happen.
âMost expectingâ possibly means it wonât happen.
Set that against the ‘many’ being short s&p !
Let them fight it out and then we can join in when
we ‘know’ the result đNever give up, never surrender.
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