Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

firewalker

Live Indices Trades

Recommended Posts

Hi Foale

 

I see 3 possible scenarios on the charts:

 

We are consolidating at the lows – typically bearish and can spell a further breakdown ahead (catalyst: any nasty surprise)

We are printing a rounded bottom, a slow turn – these usually take a few weeks to form and will then release a move up

We are making an expanding triangle (the DOW top is 11400) – these tend to have explosive outcomes, a big move of several hundred points one way or the other

 

If we do break upwards through either of the second scenarios, I see the move being repelled around 11600-11700 on the DOW where the market decisively broke and support becomes resistance, then a fall to a new low around 10500. There should be another 12% to come off the markets from where we are today, if history counts for anything.

Share this post


Link to post
Share on other sites

Very mixed for Asian markets today. Value pretty much overlapping that of 7/8. Perhaps a 1.5 - 2pt scalping strategy for today. Or just sit tight and call it an early weekend.

 

Slight hint on Nikkei holding firmly at yesterdays low. However, JGB declined but sensing good accumulation... not a pretty sign for the indexes. Good trading all.

Share this post


Link to post
Share on other sites
Hi Foale

 

I see 3 possible scenarios on the charts:

 

We are consolidating at the lows – typically bearish and can spell a further breakdown ahead (catalyst: any nasty surprise)

We are printing a rounded bottom, a slow turn – these usually take a few weeks to form and will then release a move up

We are making an expanding triangle (the DOW top is 11400) – these tend to have explosive outcomes, a big move of several hundred points one way or the other

 

If we do break upwards through either of the second scenarios, I see the move being repelled around 11600-11700 on the DOW where the market decisively broke and support becomes resistance, then a fall to a new low around 10500. There should be another 12% to come off the markets from where we are today, if history counts for anything.

 

 

Interesting EBG 11600 does seem to be strong resistance...

Share this post


Link to post
Share on other sites
GE update will wobble the markets. Bad news will send Dow down below 11000, I reckon.

 

Agreed Phil, it's going to shift it, and I'm geared up on the short side in case we get the decisive plunge. But if it's not too bad then got to be ready for a rally. Difficult, as I'll be away from my terminal at that key time...

Share this post


Link to post
Share on other sites

Hi guys, been out today. Well, i closed my aug longs at 5445 this morning for a measly +10. Glad i did though as it dropped like a stone today. Just gone back in with a long at 5325 (aug ftse). hope everyone is doing ok.

Share this post


Link to post
Share on other sites
Hi guys, been out today. Well, i closed my aug longs at 5445 this morning for a measly +10. Glad i did though as it dropped like a stone today. Just gone back in with a long at 5325 (aug ftse). hope everyone is doing ok.

 

closed at b/e as I moved the stop up...

Share this post


Link to post
Share on other sites
Another short from 030.

 

Don't like this spikiness. Closed half 006 in case something drastic happens in the wrong direction (unless you're long, Foale!).

 

If it does break through 11000 again could be a BIG drop?

Share this post


Link to post
Share on other sites
Nerves of steel there, Foale:thumbs up:

 

thanks but held all that time...closed then it spiked up to an area I had initially had as my target....

 

 

still profit a profit....

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Similar Content

  • Topics

  • Posts

    • NFLX Netflix stock, with a solid top of range breakout, from Stocks to Watch at https://stockconsultant.com/?NFLX  
    • NFLX Netflix stock, with a solid top of range breakout, from Stocks to Watch at https://stockconsultant.com/?NFLX  
    • It depends. If you have lots of money that you can buy a house without a loan and if you don't have any parents to sponsor then it is a good idea. Otherwise it might be a bad idea depending where in Canada you are heading to. I earned a good middle income in my home country and I migrated to Vancouver 5 years ago at the age of 35. I had to start right from the bottom, lowest of the low.. Now i am finally earning a middle income in Canada but I still cannot afford to buy a one bedroom apartment. Having left behind friends, family and home, most of the times I think it is not worth it.   In short, do not migrate if you already have a good life in your home country and you are happy. Only migrate to Canada if you really have to leave your home country say there is a war or something really bad. Discrimination still exists here and its really tough for newcomers unless you are super rich. Good luck. David Chong, Quora  
    • This is bigger than the internet. Bigger than mobile. Bigger than social media.   While everyone was distracted by stock market fluctuations and political theater…   Most people have NO IDEA what just happened last week with ChatGPT.   Their new memory feature allows ChatGPT to remember EVERYTHING about you across all your conversations.   Think about that for a minute...   While most tech companies have been collecting mere breadcrumbs about you - your likes, your clicks, your browsing history - OpenAI is now collecting the most valuable dataset in human history: your complete psychological profile.   This is Zuckerberg x 5,000.   The more you use ChatGPT, the more it understands you, becoming a supercharged reflection of yourself that improves at an exponential rate.   Are you a regular ChatGPT user?   Consider whether it’s time to turn off the “you can train on my information” feature. To prevent your data from being used for training while still using the memory feature:   Disable Model Training: Navigate to Settings > Data Controls. Toggle off "Improve the model for everyone". Manage Memory Settings: Go to Settings > Personalization > Memory. Here, you can: Turn off memory entirely. Delete specific memories. Use Temporary Chat for sessions that won't be saved or used for training. Now the investment implications…   Why This is Bigger Than You Think Consider this: the relationship between humans and ChatGPT is evolving beyond a mere tool.   People are now treating these AI assistants as friends, confidants, and even romantic partners.   I'm not making this up - there are already documented cases of people ending real human relationships to pursue “connections” with their AI companions.   A viral Instagram meme shows a person going through life with a glowing, featureless humanoid figure - representing ChatGPT - as their companion.   The post has over 1.1 million likes and comments like "Bro ChatGPT is like my best friend. Ain't even ashamed to say it" with 25,000 likes.   But here's where things get really interesting for investors and entrepreneurs...   Three Things to Watch For starters, hardware is the next big thing for the big players.   The iPhone form factor is dead.   It hasn't meaningfully changed in nearly a decade. The next evolution in hardware will be designed specifically to interface with these AI companions.   OpenAI is already working on hardware with Johnny Ive, the legendary designer behind the iPhone and iPod. But you can’t ignore Elon Musk’s edge here.   So what does all of this mean for you?   The companies that control the personal AI relationships will be worth trillions. OpenAI and Elon Musk will have the coziest moats. We're witnessing the birth of a new internet - one built on agents that can communicate with each other across platforms. Google's new agent-to-agent protocol allows AI agents to work together without sharing internal memories or tools. The hardware companies that create the perfect interface for these AI companions will dominate the next decade of technology. And almost nobody is talking about what this means.   My prediction? Within five years, most people will have a personal AI that knows them better than anyone else. And they will interact with it in ways that seem foreign today.   (And, yes, it will almost certainly have dystopian elements.)   In the meantime, the biggest gains won’t come from household names. And, right now, James is seeing a prime opportunity to invest in the most under-the-radar plays in AI…   For dirt cheap. By Chris C. Source: https://altucherconfidential.com/posts/use-chatgpt-protect-yourself-now
    • KBH KB Home stock, nice day and rally off the 50.82 support area, from Stocks to Watch at https://stockconsultant.com/?KBH      
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.