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Viewing 15 posts - 16 through 30 (of 63 total)
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  • #23636
    MAURITIUS
    Participant

      Took another 28 pts off ftse today.

      #23637
      Qman
      Participant

        Well done Dan.

        Seems any dip is far too tempting – let’s hope it’s contained. Suppose ideally we want to stay below the 2154

        #23638
        Khalsa
        Moderator

          2156.25 was the high for now and below 2154 Q.

          The good news is it could be a 6.30pm high.

           

          Plan your trade, trade your plan!

          #23640
          Khalsa
          Moderator

            The same story is ongoing so I am sticking to this thread for now still.

            The low day before yesterday was 2141.50, which was the 2040 target ish.

            We are back to 2154 area now, which is a MUST HOLD. In theory it is allowed to spike to 2060/3 area, but it would need to be a spike only.

            Oil did get to $38/$40 (with a low of $39.20 ish) and now bouncing. I am flat that and staying flat for now.

             

            Plan your trade, trade your plan!

            #23641
            Khalsa
            Moderator

              They are talking an interest rate cut today by the MPC. That will be so foolish on their part and hopefully the nail int he coffin then

              Plan your trade, trade your plan!

              #23642
              MAURITIUS
              Participant

                Interest rate cut would not surprise me…. These crooks want cheap money.

                #23643
                MAURITIUS
                Participant

                  Kman,

                  were you part of this? Lol

                   

                  #23644
                  Khalsa
                  Moderator

                    You must be joking Dan, what a waste. Why not help the poor with it?

                    It costs me around £70-£100 for all the food to feed 500 people weekly. Just imagine if we all did that, we could eradicate food poverty.

                    Plan your trade, trade your plan!

                    #23645
                    Khalsa
                    Moderator

                      You must be joking Dan, what a waste. Why not help the poor with it?

                      It costs me around £70-£100 for all the food to feed 500 people weekly. Just imagine if we all did that, we could eradicate food poverty.

                      Plan your trade, trade your plan!

                      #23646
                      MAURITIUS
                      Participant

                        Not in ‘their’ interest Kman. If folks are busy trying to get food a surviving they are not thinking about the crooks so much and the crooks keep their power. There again if they do it to too many people they might come unstuck :p

                        Talking of feeding folks. I have had a preliminary chat with a guy who works at a food bank/ shelter in Richmond. He was telling me how good Waitrose are in helping compared with other supermarkets. Might get a few of the people there growing food plants.

                         

                        #23647
                        MAURITIUS
                        Participant

                          Aha sorry I thought you were responding to my earlier post not the burning one….

                          #23648
                          MAURITIUS
                          Participant

                            Yeh I sort of get ‘why’ they did it but you are right they could have helped alot of people with it instead…. and still got their message over.

                            #23649
                            Khalsa
                            Moderator

                              Madness Dan, the world has truly gone mad.

                              Look at what the MPC just diud.

                              Cut rates, increased Qe and started corporate bond buying program.

                              Monetary policy has not worked so this is just a precursor to stagflation now.

                              Plan your trade, trade your plan!

                              #23650
                              Khalsa
                              Moderator

                                Worst oputcome for me as all that happens when they do this is that everyone of my positions goes against me. Ie Bonds up, Commodities up, Indices up.

                                Probably going to walk away again in a bit and do something more useful as I feel it will be another total waste of time day and the 2141.50 low was my 2140 done. What a massive shame the Bears lost the plot yet again

                                Plan your trade, trade your plan!

                                #23651
                                MAURITIUS
                                Participant

                                  Waheh…more qe, interest rate cut…. bloody idiots.

                                  Zimbabwe, Weimar, Hungary, Venezeula – what makes them think we are any different?

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