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

Trade Discussion and Analysis

Recommended Posts

Its the same thing again as on T2W. No one knew how big the move would be but the TA beat the FA too it again and showed everything!

 

The reason?

"rumors of a long-term government solution to its crisis" :o

 

Yet that announcement was made early morning, not later in the day where the actual bounce occurred...

Share this post


Link to post
Share on other sites
The reason?

"rumors of a long-term government solution to its crisis" :o

 

Yet that announcement was made early morning, not later in the day where the actual bounce occurred...

 

I would have said it was the FSA resolve that made a huge difference and the bounce happened prior. Actually no, wouldn't effect the USA much would it.

Share this post


Link to post
Share on other sites

So what does all this FSA/SEC regulations mean to you guys?

 

ATM, the FSA has restricted the financials in the UK but will it really extend to all the indices?

Share this post


Link to post
Share on other sites
So what does all this FSA/SEC regulations mean to you guys?

 

ATM, the FSA has restricted the financials in the UK but will it really extend to all the indices?

 

There's also talk about more regulation in the options market, so they are definitely stepping up a plate, including derivatives... :\

 

I wish they looked inside, because it's their own cheap and easy money that created this bubble in the first place.

Share this post


Link to post
Share on other sites
There's also talk about more regulation in the options market, so they are definitely stepping up a plate, including derivatives... :\

 

I wish they looked inside, because it's their own cheap and easy money that created this bubble in the first place.

 

That would mean admitting they screwed up though.

 

Told you to go FX! We're sorted!

Share this post


Link to post
Share on other sites

Extract from the speech by Callum McCarthy, Chairman of the Financial Services Authority to the Lord Mayor's City Banquet at the Mansion House this evening.

 

"We have been much concerned – as have many – at the volatility and what I would describe as incoherence in the trading of equities, particularly for financial institutions. There is a danger in a trading system which allows financial institutions to be targeted and subject to extreme short selling pressures, because movements in equity prices can be translated into uncertainty in the minds of those who place deposits with those institutions with consequent financial stability issues. We have seen acute examples of this phenomenon in both London and New York this week.

 

 

"The FSA has therefore decided to introduce a rule wtich will take effect from tomorrow, to require both the disclosure of short positions on a daily basis in respect of financial institutions; and a prohibition in any active increase in a net short position in a financial stock by whatever instrument. There will be an exception for market makers to enable them to meet client demand.

 

"We intend this prohibition to run in the first instance for some 120 days, during which time we will review both its effectiveness and the general policy we wish to adopt in respect of short selling more generally. This is a measure which reflects the present turbulence in markets. It is designed to have a calming effect – something which the equity markets for financial firms badly need. I hope that practitioners will support both the ambition and the chosen means of achieving it."

 

 

 

http://www.fsa.gov.uk/pubs/handbook/instrument2_2008_50.pdf

 

http://www.fsa.gov.uk/pubs/handbook/list_instrument200850.pdf

Edited by wasp

Share this post


Link to post
Share on other sites

So for the next 4 months, there is no shorting of financial stocks, and possibly this will extend to other sectors too.

 

Does it not make sense then, to just buy the dips till January at least, or, wait for a drop then buy as much as possible into the FTSE now and hold till the new year?

 

As Yazoo said, the only way is up?

Share this post


Link to post
Share on other sites
So for the next 4 months, there is no shorting of financial stocks, and possibly this will extend to other sectors too.

 

Does it not make sense then, to just buy the dips till January at least, or, wait for a drop then buy as much as possible into the FTSE now and hold till the new year?

 

As Yazoo said, the only way is up?

 

I'm not so sure. What happens if you are the last man holding the bag? It might not be possible to initiate new short positions, but if you want to sell what you are holding you still need to get buyers interested. So suppose 50 people own 100 shares bought at $20. They want to sell it at $22, right now the price is $21. But nobody wants to buy from them, they only want to pay $18. The way I see it there are two possibilities: no transaction takes place and thus liquidity dries up (something which happened in the Freddie Mac chart I posted), or both sides agree on the transaction and price gaps down to $18.

 

I know this is a very simplified example, but why should price necessarily go up (yes initially...)

Share this post


Link to post
Share on other sites
I'm not so sure. What happens if you are the last man holding the bag? It might not be possible to initiate new short positions, but if you want to sell what you are holding you still need to get buyers interested. So suppose 50 people own 100 shares bought at $20. They want to sell it at $22, right now the price is $21. But nobody wants to buy from them, they only want to pay $18. The way I see it there are two possibilities: no transaction takes place and thus liquidity dries up (something which happened in the Freddie Mac chart I posted), or both sides agree on the transaction and price gaps down to $18.

 

I know this is a very simplified example, but why should price necessarily go up (yes initially...)

 

A loss of liquidity will be the main effect, IMO. They're really shooting themself in the foot and making everything worse, while avoiding the root cause of the crisis.

 

PS. Glad someone else remembers Yazoo, that well known pump-and-dump merchant.

Share this post


Link to post
Share on other sites

Like a cover of a led zeppelin album!*

 

It is amazing how S and R really can show so much. Just chuck in a trendline to filter out the rejections en route.

 

I am finding it hard to find a market this sort of action doesn't happen on either (FX especially)

 

 

 

 

 

 

(*many steps and columns - thanks Wayne and Garth!)

steps.thumb.gif.2ccad64b775adda6f7745e17a2292360.gif

Share this post


Link to post
Share on other sites

One thing I have never really worked out by using these levels is how you get the best entries?

 

With S/R and TL's I cn get in so tight I can have a stop so minimal it would even please Socrates but to anyone who pays more attention to these (Hrh and LrH etc), hwo do you get in at the best places?

 

The circled areas are the turning points but waiting for A HrH etc would mean a huge chunk missed.

higher.thumb.gif.d4e961f5e5d54b3e392fc954cf28c15d.gif

5aa70e8a8e29b_morehrh.thumb.gif.f2df75dc82a475a3bfcee6ec44c3ce6b.gif

Edited by wasp
more detailed chart added

Share this post


Link to post
Share on other sites

Both mini bull cycles broke and bounced off 138 extension. 10500 was mega support but the extended fib refined the entry to 470...

 

It can be 127, 138 or 161.8 extensions. However as previously we had bounced at 138 on the penultimate break then one may assume the same forces are in play for this little bull cycle.

 

Hope this helps.

5aa70e8a9889b_YMfibext.thumb.png.cd4445269e835e3642606452a13519fa.png

Share this post


Link to post
Share on other sites
Both mini bull cycles broke and bounced off 138 extension. 10500 was mega support but the extended fib refined the entry to 470...

 

It can be 127, 138 or 161.8 extensions. However as previously we had bounced at 138 on the penultimate break then one may assume the same forces are in play for this little bull cycle.

 

Hope this helps.

 

 

How how this move worked with the fibs? I don't use them and not sure even where/how to put them on a chart!

Share this post


Link to post
Share on other sites
sorry do not understand??

 

You're prior chart (before the open) had fib levels on them.

 

What does it look like now?

 

I don't know how to use them at all so was curious to how the YM looks now (with them) after the open.

Share this post


Link to post
Share on other sites
You're prior chart (before the open) had fib levels on them.

 

What does it look like now?

 

I don't know how to use them at all so was curious to how the YM looks now (with them) after the open.

 

Sorry, I did not make myself clear, the extended fibs are used to gauge value areas after a significant move or vice versa. After such a sgnificant move up which was not expected by anyone on this planet except 0.0000001% of the population this beast needs to calm down before extensions can be calculated.

Share this post


Link to post
Share on other sites
Sorry, I did not make myself clear, the extended fibs are used to gauge value areas after a significant move or vice versa. After such a sgnificant move up which was not expected by anyone on this planet except 0.0000001% of the population this beast needs to calm down before extensions can be calculated.

 

Ahh, I see, cheers. I don't really understand fibs!

Share this post


Link to post
Share on other sites

A few charts to start pipmonster...........

 

(ignore the volume)

 

 

EVERY tick and candle tells a story. EVERY minute explains everything and EVERY minute is an opportunity. There is NO randomness in the markets.

g1.thumb.gif.6d5e175413d4e69d18ccce907be0f9e8.gif

g2.thumb.gif.7bc4e1fb93e33950481f17428988106e.gif

g3.thumb.gif.07c59b982531d70dff252c988d1db6bb.gif

g4.thumb.gif.6d710599c22c41676495e4c7817c90f1.gif

Edited by wasp

Share this post


Link to post
Share on other sites

Do you have one last chart showing your approximate entries and exits?

 

One of my problems is not keeping HhH/HrL and LrH/LrL in the front of my thinking. I became myopic in trying to plot trend lines correctly. It seems also I'm not letting price action develop sufficiently before jumping into a trade.

 

Once again, thanks for your unselfish guidance.

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.


  • 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.