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Dax has lost approx 100pts of the ooh gap up and Ftse 50pts so
that’s me done and time for breakfast and let it settle a bit.Re the US we now have big back to back ooh moves in each
direction so that must have stopped out bulls and bears
which makes those markets hard to trade, ouch !Never give up, never surrender.
My only open position after quite a frantic week on
the Ftse is a small short at 6528 which I will hold
as a positional type trade bearing in mind the
margin needed if we go up not down.This trade covers me for the period in November
when a decent drop is on the cards.That’s about it for me this week as I want to
have some quality time with my family.Never give up, never surrender.
Gold and silver taking a hit today, the other end of the see-saw.
Wal-Mart to close 30 stores in Japan, says it all really.
Never give up, never surrender.
All the Ftse action was early doors so I have not
missed much by taking the day off. Just holding
a slightly underwater Ftse short @ 6528.Monday is first day of the month so we ignore it
and look at 4th Nov – 14th Nov when my data is
showing a drop window. The amount of drop
will help map the path of the pre Xmas
high (does not have to be a new high)
just a Santa Rally, imho.Never give up, never surrender.
I’m on the go at the mo so don’t have my books, but I was thinking some form of negative e close would be a hell of a potential candle (shooting star ?) not sure from memory if that’s the right name what it would be called. More realistic I think maybe a cross of some form, interestingly vix not much lower than 2 days ago, I have entered pension into a dax short now….
entered short again today. gap down coming Monday , but maybe only a 4th wave before we grind into higher highs .
We have to take great care as cheap money props up the
world leader US markets.Could even be a prop for US mid term elections which
by chance will be done at the start of my November
drop window.I start my new trading project in January with the
analysis which I am beta testing atm. It could be
a great time in 2015 but I want to be in good
financial shape so lower risk now is the way
for me into the end of 2014.Never give up, never surrender.
A negative close today would be a fun candle Ark. Bit of a way to go for that but you never know.
a rally of 205 pts.
I shorted at 140pts.
Given its new high territory if we go much higher I’ll hold off additional shorts for time being.
the last couple of days has been a bit of a zoom….wondering if it’s the final hoorah. Probably not but one can live in hope….
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