Viewing 15 posts - 61 through 75 (of 247 total)
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  • #30335
    cimac
    Participant

      I would like to fine tune my 2020 bull/bear indicator
      but atm it eludes me how. Still time tells all.

      Days are classed thus –

      A Bull
      B Bullish
      ———
      C Bearish
      D Bear

      In normal times you would expect a transition of one position
      at a time ie ABCBCD etc

      This week Monday=C then Tuesday=A Wednesday=A Thursday=A Friday=A

      It’s that jump from C to A which caught my attention last week.

      However nothing is proved until or unless we get a sharp rally.

      Never give up, never surrender.

      #30336
      cimac
      Participant

        Dow has given plenty of movement for bears and bulls at times.

        I am now done trading this Dow drop. I have one entry now
        at what I think is one of the ideal entry points. It may
        not seem so ideal when rth kicks off later !

        Small long Dow at 23248 … stop 22248 … limit 25248

        Never give up, never surrender.

        #30337
        Khalsa
        Moderator

          Today I am perplexed. I have no plan as it stands becuase I see nothing definitive. It could bounce here if it wants but more chance of a continuation down.

           

          Plan your trade, trade your plan!

          #30338
          cimac
          Participant

            Today I am perplexed. I have no plan as it stands becuase I see nothing definitive. It could bounce here if it wants but more chance of a continuation down.

            Mon Capitan we will soon know if your right about the bear market rally being over.

            I will hold my single Dow long and not add or change
            anything until we know if we get the expected cit.

            Never give up, never surrender.

            #30339
            Khalsa
            Moderator

              Well so far so good and the down has sure been a journey of patience.

               

              Looking to close shorts before RTH open, probably now ish

              Plan your trade, trade your plan!

              #30340
              Khalsa
              Moderator

                Short Dax 10661 and SPX 2859 as per 4.30pm high. I maybe a little early or totally wrong, but going to continue to follow the plan.

                Closed DAx at 10319 for 342 points profit

                Closed SPX at 2762.4 for 97 points profit.

                That’s phenomenal and happy with that.

                Over now to RTH open for the next trades.

                Plan your trade, trade your plan!

                #30341
                Khalsa
                Moderator

                  I so want to long it here into RTH open.

                  Paper long SPX 2761.1

                  Plan your trade, trade your plan!

                  #30342
                  cimac
                  Participant

                    I so want to long it here into RTH open.

                    Paper long SPX 2761.1

                    Blimey … first negative oil and now ‘K’ paper trading.

                    These are very unusual times.

                    Never give up, never surrender.

                    #30343
                    Khalsa
                    Moderator

                      lol Chris, just cannot bring myself to long this market today (yet).

                      Plan your trade, trade your plan!

                      #30344
                      cimac
                      Participant

                        lol Chris, just cannot bring myself to long this market today (yet).

                        Don’t blame you. I spent half the night trading myself out of the do-do.

                        No scheduled US data or news but that does not say we won’t
                        get something thrown in to save someone or something !

                        Trump needs wallstreet to get him reelected and he has
                        already got the Fed buying up everything.

                        Never give up, never surrender.

                        #30345
                        Khalsa
                        Moderator

                          lol Chris, just cannot bring myself to long this market today (yet).

                          Don’t blame you. I spent half the night trading myself out of the do-do. No scheduled US data or news but that does not say we won’t get something thrown in to save someone or something ! Trump needs wallstreet to get him reelected and he has already got the Fed buying up everything.

                          No doubt about it Chris, you are spot on. “Don’t bet against the FED” and I won’t in general but this being the bear rally for me I had to short it back down for now.

                          Plan your trade, trade your plan!

                          #30346
                          hatman
                          Participant

                            Hmmm… wonder why the Pound is down so much today…

                            #30347
                            cimac
                            Participant

                              Your a seasoned pro ‘K’ … I treat the markets like a fruit machine 🙂

                              Never give up, never surrender.

                              #30348
                              cimac
                              Participant

                                Hmmm… wonder why the Pound is down so much today…

                                Yes and why is the Ftse not down so much.

                                Never give up, never surrender.

                                #30349
                                hatman
                                Participant

                                  Stories emerging that the next round of USA Coronavirus Stimulus might be passed today…

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