Market Traders Chewin' The Fat

investment
forex

#221

Watching to see if I can get something on the levels in the box, it’s pulled up a bit short but will still keep it valid and see how the hour closes. If it closes down without a touch I probably scratch it off the list.
UK100


#222

I started looking at indices a couple of weeks ago because I came across a guy at FF trading them who I had spoken with early last year.
They seem to work fairly similar to currencies just that some have more gaps due to closing times I guess
I did trade the us30 on tuesday for the first time and it was a negative trade but was my fault on timing so I will focus a little more.
Also I have mainly checked against only weekly and monthly levels not so much daily although on the US 30 the pink line is daily and held up well
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#223

Taken 6958.5 stop 6967 tp on the hoof


#224

Crushed by the slow … of death.


#225

Haha creep is one of my fav’s.
It appears that the ftse is pushing for a retest of that 6995.00 level again. I might take a short off it if it reaches with a few pips stop the other side.


#226

:+1:My next is 7009. With any luck I’ll be in bed.


#227

I will be mindful of that when placing stops :ok_hand:


#228

Oh shit, my day hasn’t been the best mate, take it with a pinch of salt, just managed a quickie on cable which almost gets me back on an even keel for the day. Not had a losing day in a while so think I will call it a day and hope the tea leaves give me a better clue Monday.


#229

Same here, what was a 1.5 % up day has ended -2.5 % and I am loathe to fight it.

Shit happens, Look forward to the new week :slight_smile:

Edit: Couldn’t stop myself it was to tempting :rofl::rofl:

Sold on my line and got out with few pips just to say f*ck you for the end of the week…
Now I really am done !


#230

What I’m looking at: We’ve had 7 down days in a row – sorta unusual. Some was predicated on rumors of a china deal. Larry Kudlow said Fri it ain’t so. Expecting a retrace to 1450 so before much more downthrust.

The 2 hr shows a nice declining wedge. I probably make money 80% of the time if I have a well formed wedge. We C.


#231

Weekly Charts January 20th, 2019
USDIndex, Weekly
EURUSD,Weekly
USA500, Weekly
USOIL,Weekly


#232

They look clean Stu :ok_hand:
Is that Andrews pitchfork with extra Tynes added or another indi ?
I haven’t considered it for long timeframes, I just use the standard fork on intra day only.


#233

This is going to be a great pair to short at some point, and probably a few months down the road!


#234

Sorry mate you got me puzzled on that one. What looks clean ?


#235

The charts look uncluttered with just these lines present, that’s what I meant !


#236

I agree Doc, it seems inevitable that world opinion will assume GB weakness for a period after leaving / not leaving, it’s just tricky at the moment with the knee jerk reactions to any news with brexit in the text.


#237

Sorry mate it doesn’t refer to a post so don’t know but I’ll accept it must be clean whichever one you are referring to. You referring to Alex charts ?

EDIT @Dr_Manhattan and @robgsxr I fancy Cable around 1.60 by year end


#238

Yep sorry Stu let me try again, they are Alex’s charts. I don’t know why but when I reply to any posts my system no longer shows the post I am referring to… It was ok for a while!

Sorry Alex, if you pick this up just wondered what fork indi that is ?

That’s a brave prediction Stu on cable! I agree we should see it back up but timing it ? I couldn’t begin to guess. What we do know is the charts will give us a clue when it starts


#239

Ok Got ya, yes they are tidy I’m Not sure how @AlexC trades them, entry at outer edges or wait to see if it bounce first then look for entry ? Perhaps he will tell us ?
Just a guestimate mate for cable. I try and look at a monthly like an hourly and then wait for ages to see if I got lucky !
They have to keep buyers and sellers interested, if this (meaning monthly cable) was an hourly chart I wouldn’t be shorting, that’s not to say it can’t drop more but I would need to be enticed at a much higher level before starting to attack the bait.


#240

I’m posting pitchforks or Andrew’s median lines on the MT4 platform.
The free indicator can be found here: http://www.forexfactory.com/showthre…94#post3039794
This is the single most important statement made in Dr. Andrews’ original course:
“Median lines and Median Line Parallels: the Median Lines enable the user to be one of the few who can tell where the prices are headed, and the place they will reach about 80% of the time, and when approximately that place will be reached.”