Viewing 15 posts - 16 through 30 (of 247 total)
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  • #29780
    Khalsa
    Moderator

      Great to wake up to the trade history and see that the Oil I did late on Friday closed at 2992 closed at 2704 last night. Just brilliant I see it went alot lower but also is higher now.

      Plan your trade, trade your plan!

      #29781
      Khalsa
      Moderator

        This was becuase the Saudi / Russian talks have been posttponed until Friday (no surprise there). I should really short it again but I have missed a high circa 2930 this morning. If it goes back up, I will.

        Plan your trade, trade your plan!

        #29782
        Khalsa
        Moderator

          So all the news channels says that this is up becuase of a slow down in the number of cases in the world.

          Firstly the weekend always shows a slowdown for some reason (probably reporting)

          Secondly it has little to do with much else other than the exit strategy from self isolation.

          Plan your trade, trade your plan!

          #29783
          Khalsa
          Moderator

            Look slike today’s cue is not coming from Europe. There is nothing going on. It looks like it will await US opening and then follow US.

            Japan cases going exponential and they are now looking at a lockdown. It’s far from over!

            Plan your trade, trade your plan!

            #29784
            cimac
            Participant

              Dow odds are S1L after spill up.

              Ftse & Dax have done the spill up and are now looking for pt1

              IF the lean is right and we get S1L & S2H ‘normal’ then a ‘l’
              late tuesday or spill down wednesday would fit nicely.

              When I say ‘l’ I am thinking in relation to this gap up.

              zarif did Jeffrey Tennant think a ‘l’ on tuesday ?

              Never give up, never surrender.

              #29785
              cimac
              Participant

                Look slike today’s cue is not coming from Europe. There is nothing going on. It looks like it will await US opening and then follow US.

                Japan cases going exponential and they are now looking at a lockdown. It’s far from over!

                Yes ‘K’ I also think euroland and the US will want to play out
                their own patterns.

                Hence unlikely that euroland will dent US futures.

                Never give up, never surrender.

                #29786
                Khalsa
                Moderator

                  So S&P futures are near limit up.

                  Most interetsed to see how it plays out.

                  Will it be a super pop and drop or will they hold onto todays gains.

                  Next resistance meaningful is 2630 on June futures, which is another 60 points higher.

                  Plan your trade, trade your plan!

                  #29787
                  cimac
                  Participant

                    US stocks in the cash market could be all
                    about fund managers nerve.
                    Many need cash and if the selling were
                    to get rolling it could snow ball.

                    Never give up, never surrender.

                    #29788
                    cimac
                    Participant

                      Ftse seems the most likely to drop.

                      It retraced 50% for pt1
                      Struggling to rally for pt1a
                      So pt2 could take a larger bite out of the rally
                      whenever it prints.

                      Never give up, never surrender.

                      #29789
                      cimac
                      Participant

                        Ftse seems the most likely to drop.

                        It retraced 50% for pt1
                        Struggling to rally for pt1a
                        So pt2 could take a larger bite out of the rally
                        whenever it prints.

                        Looks like an ‘abc’ from pt1 to a potential pt1a window.

                        Worth keeping an eye on for clues.

                        Never give up, never surrender.

                        #29790
                        Khalsa
                        Moderator

                          Thanks Chris.

                          You have the open in RTH and then 3.20/3.40pm. Both can be a start of a move. The first could be a false start.

                          Its ES into open and just after I am interested in for overall direction of all the indices.

                           

                          Plan your trade, trade your plan!

                          #29791
                          cimac
                          Participant

                            Cheers ‘K’

                            Dax trying for 10k on hope of virus slow down
                            enough to consider lowering restrictions.

                            I think that is premature and may disappoint.

                            Never give up, never surrender.

                            #29792
                            Khalsa
                            Moderator

                              Thanks Chris. You have the open in RTH and then 3.20/3.40pm. Both can be a start of a move. The first could be a false start. Its ES into open and just after I am interested in for overall direction of all the indices.

                              Hopefully this made sense having watched the market open just now.

                              The opening RTH move was down, but it was false.  It looked good but, it simply reversed back up after fooling the majority.

                              So next I will look at the 3.20/3.40pm timeframe to see where we are.

                               

                              Plan your trade, trade your plan!

                              #29793
                              cimac
                              Participant

                                Yes followed that … false for Ftse & Dax also.

                                Must grease that Ftse pole !

                                Never give up, never surrender.

                                #29794
                                Khalsa
                                Moderator

                                  So S&P futures are near limit up. Most interetsed to see how it plays out. Will it be a super pop and drop or will they hold onto todays gains. Next resistance meaningful is 2630 on June futures, which is another 60 points higher.

                                  Sadly I will probably not get that 2630 zone by the 3.20/3.40pm timeframe, which is not good for me to find a trade.

                                  Short Dax 10053

                                  Short SPX 2603.4

                                  as a first trade

                                  Plan your trade, trade your plan!

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