Viewing 15 posts - 61 through 75 (of 227 total)
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  • #30094
    cimac
    Participant

      Small short Dow at 24004 … stop 25000 … limit 23000

      This is more of a keeper but 100pt profit protected by stop
      would be first base.

      Never give up, never surrender.

      #30095
      Khalsa
      Moderator

        Short DAX 10782

        Plan your trade, trade your plan!

        #30096
        Khalsa
        Moderator

          No GFS sadly, but I certainly still see the early high idea, just sadly not getting the signal I wanted for the gap fill.

          Plan your trade, trade your plan!

          #30097
          Khalsa
          Moderator

            Neither US nor UK can lift the quarantine as it stands. The economy is at a standstill.

            Bailing out BBB and junk companies is a recipe for disaster, but that’s going very forward.

            We need to just get through today for now. Tomorrow is another day.

            Plan your trade, trade your plan!

            #30098
            cimac
            Participant

              Great expectations of the unwinding of lock down
              and economic recovery.

              Never give up, never surrender.

              #30099
              Khalsa
              Moderator

                So if we look at good old fundamentals, ie. PE ratios, this is sheer madness. The market is approximately 10% off the all time highs. How can that possibly be pricing in a recovery?

                The great news is I am over posting, when I do that it means I am very perplexed and logic really has failed me. When that happens I know that others must be feeling so much pain (in this case being short). When that happens we usually are very close to a turn. I plan is for today, but who knows?

                Plan your trade, trade your plan!

                #30100
                cimac
                Participant

                  A lot of debt, will only be, can only be, paid back to banks
                  if companies can restart and retain customers.

                  The same applies to ordinary workers of those companies.

                  It’s a great unknown.

                  Never give up, never surrender.

                  #30101
                  Khalsa
                  Moderator

                    Well its 3.20pm guys. Was that a meaningful high. Sure does not look it.

                    Plan your trade, trade your plan!

                    #30102
                    cimac
                    Participant

                      Dow is now above 24000 and into that zone which it ‘should’
                      have returned to late last thursday. I think it would
                      but for the Easter holidays.

                      Dow 22000/23000 bears vs 24000/25000 bulls

                      We go back again to this … it is not decided who wins
                      unless the 2nd targets are hit, better broken. imho.

                      Never give up, never surrender.

                      #30103
                      cimac
                      Participant

                        Well its 3.20pm guys. Was that a meaningful high. Sure does not look it.

                        I am happy from a technical view point that the Dow exceeded 24000.

                        Don’t call me greedy but I would now like to be happy with another
                        few more pts profit.

                        Never give up, never surrender.

                        #30104
                        Khalsa
                        Moderator

                          Well that way, way overextened price wise for me.

                          Time wise it was perfectly in the zone.

                          Now how deep can we fall, it would be miraculous if it does, looking at that tremendous open.

                          Plan your trade, trade your plan!

                          #30105
                          Khalsa
                          Moderator

                            A very shallow retrace so far. Its basically come back to my entry price on ES and now hanging around there.

                             

                            Plan your trade, trade your plan!

                            #30106
                            Khalsa
                            Moderator

                              FTSE the most intelligent of them all. It lost all the rally it put on.

                              Plan your trade, trade your plan!

                              #30107
                              cimac
                              Participant

                                Small short Dow at 24004 … stop 25000 … limit 23000

                                This is more of a keeper but 100pt profit protected by stop
                                would be first base.

                                Closed 23700

                                Never give up, never surrender.

                                #30108
                                Khalsa
                                Moderator

                                  What we do ot want is a circa 4.30pm low now. That would not suit bears.

                                  Plan your trade, trade your plan!

                                Viewing 15 posts - 61 through 75 (of 227 total)
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