35854 replies to this topic

[Motion Picture]

tomorrow, we close that gap!

[gannet]

As our good friend V says .............

 

Be Divergent. Break those shackles of any form of indoctrination. Think for yourself and promote true freedom.

 

Trade what you see and not what your broker wants you to see.

 

 

 

[grantmu]

From following the news and all the charts, the action we are seeing correlates with a pull back and not a crash to me. Waiting patiently to buy the dips with conviction and hang tight while the market comes back like it always does. A great investor once taught me that the market has an upward bias over time and the best way to take advantage of that is to buy the dips when it looks like the world is ending, then trust your move and wait it out until the markets comes roaring back. It will seem like its going the other way many a time, only to prove you right when reviewing the trade over a slightly longer time frame. Only play with what you can afford, make the commitment when the world is ending and wait..

 

Btw, does anyone know if there has ever been a global crash in history with the interest rates cycle as low as it is now?

As far as I know interest never been this low before, but in my view a low or in this case non-existent interest rate would add to the severity and also prevent the slow down towards the end of the event, without the ability to lower interest rates it will be very difficult to slow the fall, and printing more money is a recipe for disaster long term so I don't see that happening either.

 

A crash now would be an all new event with old remedies not available for implementation.

 

But this bubble is different !!!!!!!!

 

G

[Motion Picture]

From following the news and all the charts, the action we are seeing correlates with a pull back and not a crash to me. Waiting patiently to buy the dips with conviction and hang tight while the market comes back like it always does. A great investor once taught me that the market has an upward bias over time and the best way to take advantage of that is to buy the dips when it looks like the world is ending, then trust your move and wait it out until the markets comes roaring back. It will seem like its going the other way many a time, only to prove you right when reviewing the trade over a slightly longer time frame. Only play with what you can afford, make the commitment when the world is ending and wait..

 

 

 

My core philosophy!

[Daytrade]

From following the news and all the charts, the action we are seeing correlates with a pull back and not a crash to me. Waiting patiently to buy the dips with conviction and hang tight while the market comes back like it always does. A great investor once taught me that the market has an upward bias over time and the best way to take advantage of that is to buy the dips when it looks like the world is ending, then trust your move and wait it out until the markets comes roaring back. It will seem like its going the other way many a time, only to prove you right when reviewing the trade over a slightly longer time frame. Only play with what you can afford, make the commitment when the world is ending and wait..

 

Btw, does anyone know if there has ever been a global crash in history with the interest rates cycle as low as it is now?

[chnkaw001]

basically 90% data today is bad?

http://www.forexfact...om/calendar.php

 

[gannet]

We are possibly 2-3 days from the edge

 

There are a number of support levels but if we fall hard then I'll be watching 38500 - ish.

 

Strong support there

[Vertebrae]

IMO strong gravity to 40700 then expect sharp turn into major B.
 

 

But 41300ish with 2nd degree of merit there

[Vertebrae]

how do you feel about that gap close on 43200 safex?? i thought this inverse H/S was gonna take us there before it drops again

 

IMO strong gravity to 40700 then expect sharp turn into major B.
 

[Ettas]

Time to stand and deliver. Bull case so contrarian even bears applaud every uptick.

how do you feel about that gap close on 43200 safex?? i thought this inverse H/S was gonna take us there before it drops again

[grantmu]

EU and Germany numbers show slow down, more down I think. 

 

if ECB does not get off its ass and actually do something soon, this thing could go down for a while. Also if the EU continues down the US will have no one to sell to and that will mess up the whole recovery, maybe the FED should look at buying EU shares and not local stuff for the next 5 years, that may actually get things going. 

 

G

[Argento]

Looking good, got an inverted H&S in the making that could fuel this reversal!

 

A

Or not....this market is weak, will be interesting to see if this going to be a retest of the low or going lower!

 

A

[Vertebrae]

Looking good, got an inverted H&S in the making that could fuel this reversal!

 

A

 

Time to stand and deliver. Bull case so contrarian even bears applaud every uptick.

[Argento]

That 5H positive divergence is still at play and this drop from the US looking very impulsive too, so still more bullish than bearish, tomorrow very important..if we continue north then it will be a very good sign!

 

A

Looking good, got an inverted H&S in the making that could fuel this reversal!

 

A

[Motion Picture]

Bears stay out! Next stop Pomplona!

[Plasma]

If the U.S. closes in red tonight, then concerned about bull resuming tomorrow, subject to China's performance overnight. Trendlines

Hang Seng Green

[chnkaw001]

Just a few hundred points from giving away the entire 2014 growth, happen within a month! Just my opinion, I cannot find a buy in any technical or fundamental base. Very much a risk off market.
 
Mon is US bank holiday, then EU data and US data from Wed. Fri is Yallen's speech. Speculate no good buy entry until Yallen's Friday? Keeping the short seems okey since the momentum.
 
Can anyone please give some opinion? Seems a bit quite. I usually don't comment when everyone has their say, but need to kick start a conversation so hopefully some experienced people to give some opinions? Thanks

beware the bear!
everything you mention has merit. i seen this thing before. buy and sit tight during a bull market normally pays well. sell and wait in a bear phase may well have you ruining a good leather stool 
 
just a quick scan through my charts and everything looks bleak! curiously, my system fired long friday (before the late sell off). so i'm long with only quarter of my normal position. it does not worry me much, as i know exactly what i will do tomorrow, depending on which way price goes and my system catches up. imo, somewhere in the near future, a violent upswing will come out of the blue! waveriders may have better targets, but i expect something in the vicinity of previous ath.
 
trade safe...

I didn't look at the market today at all, see keeping the short still has the value. Why is the US market down so bad in the afternoon session? There isn't data today

Sent from my C6833 using Sharenet Sharechat mobile app

[Plasma]

The 10% correction translated into much more ito my account. Learnt some expensive lessons....again...

[AJS]

We had a 10% + correction already at these levels. S&P now only about 7% off highs. Who knows, at this rate we might end up with a 20% correction?!

[Plasma]

Well at least today yielded some pips from a bullish perspective. Was good for the mental health.