Welcome to the new Khalsaspad › Forums › Traders Talk Forums › Weekly trading discussion threads › W/B Saturday 16th May
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houdini.
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May 20, 2020 at 07:37 #31265
Morning all..i can think of a few worse places to wake up hatman! Lol..damn futures being bought up again as usual,knew i should of closed my short last night..trailing stop not far from being hit.
May 20, 2020 at 07:39 #31266The next kpad social event should be in South Korea
much better than Manchester in the rain 😉Never give up, never surrender.
May 20, 2020 at 07:50 #31267Tuesday is Cycle Day 1 … stocks attempt to find a ‘l’
Today is Cycle Day 2 … buys from CD1 are run higher.
Note: this current 3 day cycle applies to US stocks only
as unlike STD it is based on rth days, not holidays
and weekends.Never give up, never surrender.
May 20, 2020 at 08:54 #31268Good morning all, move my BE to +60 and my limit to +355 on my dow short at 24503.5.
Recently i have seen a graph how retail share trading for the 2 big usa firms has risen from 1 million to 4+ million. Also i noticed that in uk all the tabloids have stories about young people becoming rich trading even the BBC had a story like that.
Friends that do not touch the market called me and told me they are thinking of day trading during the covid 19 lock down.
So there is a new group of people that the market has to get their money hence i expect the market behavior to change forget fundamentals i would not be surprise to see ATH is all about stealing the money from the amateurs.
May 20, 2020 at 09:28 #31269Interesting you say that, same here also Staths.
However not sure about ATH, as the newbies will most likely be longing and buying shares and to make them lose, the market will need to go down.
Plan your trade, trade your plan!
May 20, 2020 at 10:18 #31270out of dow short +60 and i really want to short dax but i am too busy to follow the
market and look too strong for no good reason so something else might be brewing underneath
May 20, 2020 at 10:36 #31271Stops hit and out for a pittance..over 35 handles in profit last night! (Groan) the futures support brigade are doing a mighty fine job,over to rth now.lean is tough..i had monday as s3l,but yesterday looked like s4l,meaning s1h today and another grind up.what do you have it as cim?
May 20, 2020 at 10:36 #31272Stops hit and out for a pittance..over 35 handles in profit last night! (Groan) the futures support brigade are doing a mighty fine job,over to rth now.lean is tough..i had monday as s3l,but yesterday looked like s4l,meaning s1h today and another grind up.what do you have it as cim?
May 20, 2020 at 10:40 #31273Out of the market. Happy to stand aside while I see what develops. High risk here of a ‘five up’. Alternative is middle section of expanded flat, in which case much lower prices beckon (least likely scenario IMO).
If ‘five up’ Dow 23,900 area is likely for ‘5’.
May 20, 2020 at 10:50 #31274If the Bears want honey then today is their last chance.
Thursday Friday Saturday Sunday Monday rated ‘A’ for the Bulls.
Nothing is written in stone but so far in 2020 when there
has been a setup like that we got a decent rally.Odds are we get a run at hatman’s Dow 24900 even if he
calls it 23900 😉Never give up, never surrender.
May 20, 2020 at 11:25 #31275Okay, 24,900. Old age.
May 20, 2020 at 11:27 #3127664 in April. 65 next year. After that I get my old age pension. Do you get that Cimac? Is it about 600 Pounds per month or something?
May 20, 2020 at 11:35 #3127764 in April. 65 next year. After that I get my old age pension. Do you get that Cimac? Is it about 600 Pounds per month or something?
I retired at 49 … I will be 68 in July
I would have thought that you can expect more than £600
per month under the New State Pension rules.Never give up, never surrender.
May 20, 2020 at 11:58 #31279Good. I need the money…
May 20, 2020 at 12:13 #31280Watch out for the ‘five up’. It might not happen, but…
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