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unbelievable i got marginal call on the account that i opened a long term dax short at 11503.31 a few days ago
i said a few weeks back the markets want new ATH to suck in more newbies i should had listen to my advice anyway put 1k so i can handle 1000 points more rise see you later.
btw next week i might find time to start day trading again.
good morning after yesterdays crash in dax it looks like back to normal 4% up per day
i will be looking again in 2-3 hours to see if it did the customary 400+ points
if uk had some minimum morality all tabloids promoters of con man should be jailed and through the key away.
On the other hand is not as bad as Greece in 2000 when the prime-minister and the financial minister were advising people to put their money in the market because it safe and cannot be lost.
I was trying at that time to save my mum and dad but i was told, i do not know Greece is different, look what the economist financial minister says, they lost all their savings.
France has said that there recession will be worse than expected. They expect their economy to contract 11%. Can anyone explain why the CAC is up 100?
Yes but is not worst than worst like -30% so rally on.
God have mercy on the newbies soul.
today i went to give a lift to a 25 years old carpenter to do a repair to our office.
On the way he was explaining how bitcoin is up 6 % and he has 500 pound of his
only free savings on it and that he had start studying the chart. he is planning to move into stock when he saves a bit more. Because stock now are great opportunity.
FOMO like 1999. Try to warn him but he explained how many millionaires on their 20’s are because of the market.
One think that is difficult to do but essential is not to look at the news when i day trade i never follow the news.
The market is rigged by those that control it. Recent examples covid 19 was around some time but the market did not drop until they allowed. Why did it start dropping at the end of February when covid was all over the news since January.
Even in Europe 1st case in Italy was January. The media claim that the market
is forward looking but that’s for the idiots that want to hear a story.
Is very important to know the time that announcements are due not because they matter but because this is where they will pull their con job.
I bet if the market starts drooping they will blame unemployment and riots lol but
this is already known.
on the bright side now is possible to find a wave count that can explain the consolidation between 10400 and 11000 lol
i know is wrong but i could not resist short dax 11827.2 paper trade since i stop trading dax after it did not fill the gap.
having no real position is a position.
This crackers market cannot die! Who on earth is buying this up here? I mean really? We’ve all heard the “be greedy when others are fearful” soundbite but this is just getting silly now.2 days of early hard selling just shrugged off and back up we go…running an underwater short now myself from 3001.9.not too troubled yet but it can easily go up into early june now..i hope tomorrow can turn out to be a good s1l,only trouble..futures could be up 50 before it drops lol…time for some cheesecake..everything will be clearer after cheesecake
when i use to daytrade i was asking myself who is the idiot buying up here ? whenever i was at a point asking this i was going long instead of short never lost a trade, but they were scalps anyway.
Khalsa how come you did not close your dax short for a profit when it dip to 10870 on friday ?
Did you have a specific target or you missed it ?
dax what a joke now it gaped over the previous gap shorted 11471.2 missed the early 11500 ++ if dax does not close the gap to 11391 today or tomorrow i will stop trading dax. eurusd going up all day that used to be bad news for dax.
i looked at 4 hours dax chart and nothing says it should fall unless it tries for double top EW wise the last consolidation means it should rally more it want to fill the gap that ends at 11447.20 if i get the chance to close it today that i am watching the market i will close my short even for BE or a few point else i will wait for days.
good job i close my dax short it really goes after the gap 11,373.92 high up to now really near to close the gap it looked stupid when i said it goes after the gap hence i did not go long. Does not look stupid now.
i am puzzled with dax ok the FED buys usa stock but why the dax dog rallies ?
sell signal by mejt if the move is sustainable it can start at 18:25 else not before 19:25 and will
have to return to the reference bar. was today’s sell sustainable i dont know still studying the book lol.
anyway the reference bar is the 18:10 candle which the other reason i did not by
the book for a long time, because you need to have real data not spreadbeting data.
it says 1:10 CT i assume is 18:10 uk
Khalsa what does TOD means
i looked at 4 hours dax chart and nothing says it should fall unless it tries for double top
EW wise the last consolidation means it should rally more
it want to fill the gap that ends at 11447.20 if i get the chance to close it today that i am watching the market i will close my short even for BE or a few point else i will wait for days.
