Cookie Policy

Welcome, Guest
Username: Password: Remember me

TOPIC: DOW

DOW 05 Mar 2020 17:21 #551

  • Trendfriend
  • Trendfriend's Avatar
  • OFFLINE
  • Expert Poster
  • Posts: 1597
  • Thank you received: 2176
  • Karma: 52
does look like a bit of a bear flag on the daily.... :evil:
i think a break below 26200....should open things up....and this be clear for a run towards 24672....imho..

gotta run...back later to read all the posts....

atb, wdik, dyor,
trendfriend :)
The administrator has disabled public write access.

DOW 05 Mar 2020 17:16 #552

  • MRA4
  • MRA4's Avatar
  • OFFLINE
  • Junior Boarder
  • Posts: 153
  • Thank you received: 118
  • Karma: 7
AdeMcG, Libero & any anyone else , if you want to do gold i use,
iShares Physical Gold ETC GBP (LSE:SGLN)
www.ii.co.uk/etfs/ishares-physical-gold-etc-gbp/LSE:SGLN
Last Edit: 05 Mar 2020 17:20 by MRA4.
The administrator has disabled public write access.
The following user(s) said Thank You: AdeMcG, Trendfriend

DOW 05 Mar 2020 16:31 #553

  • remo
  • remo's Avatar
  • OFFLINE
  • Moderator
  • Posts: 3077
  • Thank you received: 5560
  • Karma: 113
Honestly speaking......don’t spread bet as you will need huge funds just to have a position open nowadays. They changed the law on spread betting last year and its basicallly safe guards people who have a bad habit of betting big . Where as before you could do £10 a point bet with funds of around £200 , but now it’s more like £2000 of funds required for same bet...
Only professional traders have the luxury of small funds for big positions....basically people who are tax registered for trading...lol..
The markets are really crazy currently and which ever way you bet you will get taken out due to huge swings of 500 points a time...
When ever I enter on the Dow I’m starting with 500 points stop currently...just to try and give it a chance to get the trade right....This is not good....I used to only have a 40 point stop on the Dow but those days are gone now...due to size of index...
Stay safe and just watch and see how the markets perform as it’s a roller coaster .
Just safe money up for the big event which hopefully is getting on board at the bottom f the markets....long way off still so just try and enjoy the ride..
Information Purposes Only, Do Your Own Research
remo
The administrator has disabled public write access.
The following user(s) said Thank You: roxalana, AdeMcG, annes goal, Libero, Trendfriend, waverider2

DOW 05 Mar 2020 14:22 #554

  • AdeMcG
  • AdeMcG's Avatar
  • OFFLINE
  • Junior Boarder
  • Posts: 181
  • Thank you received: 173
  • Karma: 6
Thanks for the explanation Libero,....perhaps I will stay ultra safe and just watch the action from a far
The administrator has disabled public write access.
The following user(s) said Thank You: Libero

DOW 05 Mar 2020 14:05 #555

  • Libero
  • Libero's Avatar
  • OFFLINE
  • Senior Poster
  • Posts: 598
  • Thank you received: 1334
  • Karma: 29
AdeMcG wrote:
For a simpleton like myself, :P what is the easiest ( and safest) way to profit from exposure to:
A.) Gold ( perhaps an ETF?)
B.) The DOW long or short

I have an active iii trading and share ISA account and I don't really want to open an IG index account and lose lots of cash like 64% of all their accounts :silly:
cheers
Ade

Ade, glad you're well.

with regards to your questions...

a. it really depends - are you looking to trade gold for the short term, or do you believe in it as a genuine safe haven (i.e. to have and to hold)

b. easiest and safest when trading the dow (particularly during volatility and especially when looking to short) are tough to answer - it's not easy, and it's definitely not safe!

you have a number of options with both a & b

a. buy physical, bet on it (cfd, or spread), etf and funds, the royal mint etc...
b. short via IG and the like again (via Cfd or spread), options (beware!), warrants (beware!), or inverse trackers.

In fact, they all deserve a "beware" disclaimer.

Stay Safe!
The administrator has disabled public write access.
The following user(s) said Thank You: remo, AdeMcG, Trendfriend

DOW 05 Mar 2020 14:00 #556

  • Libero
  • Libero's Avatar
  • OFFLINE
  • Senior Poster
  • Posts: 598
  • Thank you received: 1334
  • Karma: 29
remo wrote:
From what I heard Americans have to pay for a test for corona...Surely people ain’t going to bother so likely to be worse than they realise in America...
I’m short on Dow and long on gold....


Hey Folks, I hope you're all staying safe. And for those trading this baby, hats off - you're all legends in my eyes!

With regards to Remo's remark (above) - here's an extract from Donald Trump's favourite "paper", the Washington Post :P
The race to curb the spread of the new coronavirus could be thwarted by Americans fearful of big medical bills if they get tested, low-income workers who lose pay if they take time off when sick, and similar dilemmas that leave the United States more vulnerable to the epidemic than countries with universal health coverage and sturdier safety nets.

So, it could dicey in the US; moreover, consider this: if the above message is capitalised on, it could pave the way for greater support for Bernie Sanders - which a large number of the "1%" and Markets dislike greatly.

If things (based on the above) gain momentum, Sanders' policies will get more traction, and it will be a straight shoot-out between a "healthcare for all to defeat Corona" message vs "Healthcare for those who can afford it and the hell with the rest" slogan.

It could be a wild ride, and there's more than just markets riding on the outcome in my humble view.
The administrator has disabled public write access.
The following user(s) said Thank You: remo, AdeMcG, annes goal

DOW 05 Mar 2020 13:45 #557

  • AdeMcG
  • AdeMcG's Avatar
  • OFFLINE
  • Junior Boarder
  • Posts: 181
  • Thank you received: 173
  • Karma: 6
For a simpleton like myself, :P what is the easiest ( and safest) way to profit from exposure to:
A.) Gold ( perhaps an ETF?)
B.) The DOW long or short

I have an active iii trading and share ISA account and I don't really want to open an IG index account and lose lots of cash like 64% of all their accounts :silly:
cheers
Ade
Last Edit: 05 Mar 2020 13:49 by AdeMcG.
The administrator has disabled public write access.
The following user(s) said Thank You: Trendfriend

DOW 05 Mar 2020 13:33 #558

  • remo
  • remo's Avatar
  • OFFLINE
  • Moderator
  • Posts: 3077
  • Thank you received: 5560
  • Karma: 113
From what I heard Americans have to pay for a test for corona...Surely people ain’t going to bother so likely to be worse than they realise in America...
I’m short on Dow and long on gold....
Information Purposes Only, Do Your Own Research
remo
The administrator has disabled public write access.
The following user(s) said Thank You: AdeMcG, Libero

DOW 05 Mar 2020 10:42 #559

  • Trendfriend
  • Trendfriend's Avatar
  • OFFLINE
  • Expert Poster
  • Posts: 1597
  • Thank you received: 2176
  • Karma: 52
dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...r4yO1vDcMDL5jgh4g%3D

looks like the rsi hit resistance yesterday....and will fail to break out....
no clear direction atm....so lets see...

www.bbc.co.uk/news/world-us-canada-51740706

i think things are a lot worse than many countries are telling us imvho....
the cash strapped Americans wouldn't release $8 billion if they don't expect a war....but hey wdik...so lets see...

atb, wdik, dyor,
trendfriend :)
Last Edit: 05 Mar 2020 11:02 by Trendfriend.
The administrator has disabled public write access.
The following user(s) said Thank You: remo, Libero

DOW 04 Mar 2020 18:36 #560

  • Syrian Empire
  • Syrian Empire's Avatar
  • OFFLINE
  • Fresh Boarder
  • Posts: 63
  • Thank you received: 49
  • Karma: 3
Sold my US/UK Tracker Funds - Bounce must be nearly done? Now just need to sit on my hands :whistle: and hope for more panic selling :S
The administrator has disabled public write access.
The following user(s) said Thank You: remo, Trendfriend

DOW 04 Mar 2020 11:05 #561

  • Trendfriend
  • Trendfriend's Avatar
  • OFFLINE
  • Expert Poster
  • Posts: 1597
  • Thank you received: 2176
  • Karma: 52
can't see one good reason for this rally today....

i'm staying short....closed one position...but keeping the rest....lets see...

atb
trendfriend
The administrator has disabled public write access.
The following user(s) said Thank You: MRA4

DOW 03 Mar 2020 23:36 #562

  • Trendfriend
  • Trendfriend's Avatar
  • OFFLINE
  • Expert Poster
  • Posts: 1597
  • Thank you received: 2176
  • Karma: 52
a couple of dow charts here....the more i look at this the bearish i think it looks..... :evil:

dow - weekly...
uk.advfn.com/p.php?pid=chartscreenshotsh...9VriImXCCS7UTsPo4%3D

this has not even completed 1,2,3 high or lower low on the weekly yet.....and that's some high mega sized 1,2,3 high! :ohmy:
The high today was close enough to the 50 day ema line on the weekly....

dow - weekly.
uk.advfn.com/p.php?pid=chartscreenshotsh...23HfYs0JNoBNHvv2hzY=
key numbers 24681 next....then 23932....

atb, wdik, dyor,
trendfriend
Last Edit: 03 Mar 2020 23:38 by Trendfriend.
The administrator has disabled public write access.
The following user(s) said Thank You: Syrian Empire

DOW 03 Mar 2020 22:56 #563

  • remo
  • remo's Avatar
  • OFFLINE
  • Moderator
  • Posts: 3077
  • Thank you received: 5560
  • Karma: 113
Good to see all the old faces still trading...You guys are coming back during a crazy times in the market..
Stay out of the markets for the next 6-9 months then enter ...Once in a life time chance coming around..
Information Purposes Only, Do Your Own Research
remo
The administrator has disabled public write access.
The following user(s) said Thank You: AdeMcG, annes goal, Trendfriend

DOW 03 Mar 2020 21:02 #564

  • rbowall
  • rbowall's Avatar
  • OFFLINE
  • Fresh Boarder
  • Posts: 5
  • Thank you received: 7
  • Karma: 0
Quick hello from the 2008/9 iii forums. Watching this very closely.

Would suggest another meet up in London again but think it's wise we keep social distance in the circumstances!

For a feel of how this is really spreading, go follow Dr. John Campbell YouTube channel - this led to me selling several of my holdings last Thursday as I could tell things weren't right before it was properly reported here in the UK.
The administrator has disabled public write access.
The following user(s) said Thank You: annes goal, Trendfriend

DOW 03 Mar 2020 20:36 #565

  • AdeMcG
  • AdeMcG's Avatar
  • OFFLINE
  • Junior Boarder
  • Posts: 181
  • Thank you received: 173
  • Karma: 6
Haha...its been quite a ride in the Delorean :lol:

Although it has to be said, I have made zero cash from anything other than work ( boring day job) for around 7 years :sick:
Last Edit: 03 Mar 2020 20:38 by AdeMcG.
The administrator has disabled public write access.
The following user(s) said Thank You: remo, Trendfriend

DOW 03 Mar 2020 18:24 #566

  • Trendfriend
  • Trendfriend's Avatar
  • OFFLINE
  • Expert Poster
  • Posts: 1597
  • Thank you received: 2176
  • Karma: 52
AdeMcG wrote:
evening all....long time since I recovered my password here :) :)

Good to see the good old original names I remembered and valued.

Action on the Dow recently and indeed the major indices has been frantic...perhaps that panic selling may well start soon.

Keep safe one and all !

Ade

hope your well Ade....
i saw SE here recently...and Libero...and now you!!
i feel 15 years younger already!

atb,
trendfriend :)
The administrator has disabled public write access.
The following user(s) said Thank You: remo, AdeMcG, Syrian Empire

DOW 03 Mar 2020 18:22 #567

  • Trendfriend
  • Trendfriend's Avatar
  • OFFLINE
  • Expert Poster
  • Posts: 1597
  • Thank you received: 2176
  • Karma: 52
going to add one more short...last one...at 26085...so only if this makes a intraday lower low
again a large one....stop above 27400...
target 18,000 :evil: :ohmy: i kid you not!!

atb, wdik, dyor
trendfriend :)
The administrator has disabled public write access.

DOW 03 Mar 2020 16:58 #568

  • AdeMcG
  • AdeMcG's Avatar
  • OFFLINE
  • Junior Boarder
  • Posts: 181
  • Thank you received: 173
  • Karma: 6
evening all....long time since I recovered my password here :) :)

Good to see the good old original names I remembered and valued.

Action on the Dow recently and indeed the major indices has been frantic...perhaps that panic selling may well start soon.

Keep safe one and all !

Ade
The administrator has disabled public write access.
The following user(s) said Thank You: remo, Trendfriend, Syrian Empire

DOW 03 Mar 2020 16:27 #569

  • Trendfriend
  • Trendfriend's Avatar
  • OFFLINE
  • Expert Poster
  • Posts: 1597
  • Thank you received: 2176
  • Karma: 52
short again...26343...

its gonna get dumped....real sign of weakness from the fed today...desperate stuff imvho...
Last Edit: 03 Mar 2020 16:31 by Trendfriend.
The administrator has disabled public write access.

DOW 03 Mar 2020 15:47 #570

  • Trendfriend
  • Trendfriend's Avatar
  • OFFLINE
  • Expert Poster
  • Posts: 1597
  • Thank you received: 2176
  • Karma: 52
www.bbc.co.uk/news/business-51726954

stopped out!

short order in 27400...but i'll again if we go below todays low 27350....
this is still going down imvho....but knowing which way its going and trading it succesfully are two different things!
The administrator has disabled public write access.

DOW 03 Mar 2020 15:17 #571

  • remo
  • remo's Avatar
  • OFFLINE
  • Moderator
  • Posts: 3077
  • Thank you received: 5560
  • Karma: 113
There’s some crazy moves both ways currently...
Information Purposes Only, Do Your Own Research
remo
The administrator has disabled public write access.

DOW 03 Mar 2020 12:41 #572

  • Trendfriend
  • Trendfriend's Avatar
  • OFFLINE
  • Expert Poster
  • Posts: 1597
  • Thank you received: 2176
  • Karma: 52
added another short at 26568.3....stop 26800... gap resistance....no moving this stop....today :pinch:

larger position here so lets see...i think this is set for a red day imvho....
atb
trendfriend
The administrator has disabled public write access.

DOW 03 Mar 2020 10:59 #573

  • Trendfriend
  • Trendfriend's Avatar
  • OFFLINE
  • Expert Poster
  • Posts: 1597
  • Thank you received: 2176
  • Karma: 52
dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...AaI9RM+BkEmbSmGaZdE=

The dow can make you doubt your Analysis and thinking....because it can push you hard both ways when it goes up or down.....
off course a line in the sand is important....for me its the 200 day ema line on the daily....at 27,400 area....
another key level is 27200 which is the 50 day ema line on the weekly chart....
i'm convinced this will come down.....but should have waited for key levels....
I was on the right side of the market by going long on Friday....but closed my longs way too early...and went short....
My 2 shorts are small...but deep under now.... :huh:
i think i wait wait for 27200 and 27400 before adding larger shorts with tight stops...

The second wave of selling is usually stronger than the first imvho....because it has real panic in the market.....lets see
atb, wdik, dyor,
trendfriend :)
The administrator has disabled public write access.
The following user(s) said Thank You: remo, Syrian Empire

DOW 03 Mar 2020 09:36 #574

  • remo
  • remo's Avatar
  • OFFLINE
  • Moderator
  • Posts: 3077
  • Thank you received: 5560
  • Karma: 113



Cup and handle on hourly chart of Dow...
Information Purposes Only, Do Your Own Research
remo
The administrator has disabled public write access.
The following user(s) said Thank You: Trendfriend, Syrian Empire

DOW 03 Mar 2020 09:14 #575

  • remo
  • remo's Avatar
  • OFFLINE
  • Moderator
  • Posts: 3077
  • Thank you received: 5560
  • Karma: 113
I see cup and handle formation on the hourly chart of the Dow on IG charts, and also rounded bottom on ftse100 ..,That’s a bit worrying for my shorts... I’m going to have to play both sides of the market until the move down resumes..





I’m going to have to trade based on what I see and not emotions...
That’s the beauty of technicals....
Even thou I believe it’s a bear market I have to be flexible for just Incase of the unexpected..
If the fib level of 61.8 gets taken out (Dow)with ease then that can cancel the bears and could signal continuation of prior trend.
61.8 fib level is a very strong resistance area and would require something special to break that...I would be shocked if that level goes .
Information Purposes Only, Do Your Own Research
remo
Last Edit: 03 Mar 2020 09:32 by remo.
The administrator has disabled public write access.

DOW 02 Mar 2020 21:30 #576

  • MRA4
  • MRA4's Avatar
  • OFFLINE
  • Junior Boarder
  • Posts: 153
  • Thank you received: 118
  • Karma: 7
Fingers crossed :ohmy:


Screenshot_2020-03-02-21-27-07.png
The administrator has disabled public write access.

DOW 02 Mar 2020 20:57 #577

  • remo
  • remo's Avatar
  • OFFLINE
  • Moderator
  • Posts: 3077
  • Thank you received: 5560
  • Karma: 113
dam,,,,already hit it today....
im short now...fingers crossed....proper crazy market
Information Purposes Only, Do Your Own Research
remo
The administrator has disabled public write access.

DOW 02 Mar 2020 20:36 #578

  • remo
  • remo's Avatar
  • OFFLINE
  • Moderator
  • Posts: 3077
  • Thank you received: 5560
  • Karma: 113

Best area to short currently is at the 38.2 fib level.
This is at 26550.
Im going short from there on a first attempt basis only. With a 500 point stop....

Not for the faint hearted...lol
Information Purposes Only, Do Your Own Research
remo
The administrator has disabled public write access.

DOW 02 Mar 2020 16:22 #579

  • Trendfriend
  • Trendfriend's Avatar
  • OFFLINE
  • Expert Poster
  • Posts: 1597
  • Thank you received: 2176
  • Karma: 52
took the short at 25972.3
my stop is way high....but i may cut it out if 26050 goes....

lets see...
The administrator has disabled public write access.

DOW 02 Mar 2020 15:35 #580

  • Trendfriend
  • Trendfriend's Avatar
  • OFFLINE
  • Expert Poster
  • Posts: 1597
  • Thank you received: 2176
  • Karma: 52
i think 26,000 area....give or take 50 or so points....
i think that's the key atm imvho....
resistance and down trendline is around there on the hourly....

going to add there if we hit that number during market hours....

atb, wdik, dyor,
trendfriend
Last Edit: 02 Mar 2020 15:37 by Trendfriend.
The administrator has disabled public write access.

DOW 02 Mar 2020 15:07 #581

  • remo
  • remo's Avatar
  • OFFLINE
  • Moderator
  • Posts: 3077
  • Thank you received: 5560
  • Karma: 113
It’s proper yo-yo at the moment.....lol
It’s filled the gap resistance at 25750, well 25741, missed my perfect entry by 9 points...
I’ve deleted that short order now,,,,,but have gone short from around 25550 ish area....but only a tiny bet of 30p a point...lol...
Information Purposes Only, Do Your Own Research
remo
The administrator has disabled public write access.

DOW 02 Mar 2020 08:33 #582

  • Trendfriend
  • Trendfriend's Avatar
  • OFFLINE
  • Expert Poster
  • Posts: 1597
  • Thank you received: 2176
  • Karma: 52
moved stop up to stay in here....small position, so looking to add another short.... :evil: i think this is going down imvho....maybe a couple of days of up first though...
atb
trendfriend
The administrator has disabled public write access.
The following user(s) said Thank You: MRA4

DOW 02 Mar 2020 07:00 #583

  • Trendfriend
  • Trendfriend's Avatar
  • OFFLINE
  • Expert Poster
  • Posts: 1597
  • Thank you received: 2176
  • Karma: 52
closed long and short now at 25552.5
stop 25850 for now....

atb, wdik, dyor,
trendfriend :)
The administrator has disabled public write access.

DOW 01 Mar 2020 20:13 #584

  • remo
  • remo's Avatar
  • OFFLINE
  • Moderator
  • Posts: 3077
  • Thank you received: 5560
  • Karma: 113
From looks of it , the Dow maybe coming down 500 points from fridays close.....
I’m looking to get short again but need a rally to do that ...
Far as Im Concerned we have already started the bear market..Shorts are the only way forward unless the highs gets taken out...
The media are always late to the party but once they get involved then likely will be huge panic sells...
I’m expecting the markets to correct for around 6-9 months and then the once in a life time opportunity will come.
For people who are not good at trading,,,,,,,,look to buy funds at that time....Hargreaves Lansdown wealth 50 is a good starting point...
Remo
Information Purposes Only, Do Your Own Research
remo
The administrator has disabled public write access.

DOW 01 Mar 2020 12:55 #585

  • Trendfriend
  • Trendfriend's Avatar
  • OFFLINE
  • Expert Poster
  • Posts: 1597
  • Thank you received: 2176
  • Karma: 52
dow -weekly.
uk.advfn.com/p.php?pid=chartscreenshotsh...O05S+rH/NcmQWT9ZsH0=

looking at this in longer time frames as well.....someone i follow was looking at lower on the indices. I think i have to agree now..having looked closely at this...
Does seem that the rally on Friday may well be a mid move consolidation, as the market is very oversold..... before another leg lower.... ;)
This could well drop down to around 183500 area imvho :ohmy: :evil:

lets see but i'm going to close my long and look to short the rallies.....Fridays support level and the 200 day ema line on the weekly are key now imvho....once they fail i think this should drop quickly again.

going to close my long...and short only for the coming weeks...

atb, wdik, dyor,
trendfriend :)
Last Edit: 01 Mar 2020 13:03 by Trendfriend.
The administrator has disabled public write access.
The following user(s) said Thank You: MRA4

DOW 28 Feb 2020 21:30 #586

  • MRA4
  • MRA4's Avatar
  • OFFLINE
  • Junior Boarder
  • Posts: 153
  • Thank you received: 118
  • Karma: 7
Hammer!!


Screenshot_2020-02-28-21-28-46.png
The administrator has disabled public write access.

DOW 28 Feb 2020 21:19 #587

  • remo
  • remo's Avatar
  • OFFLINE
  • Moderator
  • Posts: 3077
  • Thank you received: 5560
  • Karma: 113
The last 15 mins it moved 600 points creating a hammer....
still be careful thou as any bad news over the weekend could be bad..
ive closed all my positions today.If the dow opens above 25500 that could be a possible 123 low formation based on hourly chart..



this is a 1 min chart...been trading this all day...crazy moves

..and then i went long on gold ……lol
fingers crossed
Information Purposes Only, Do Your Own Research
remo
Last Edit: 28 Feb 2020 21:23 by remo.
The administrator has disabled public write access.
The following user(s) said Thank You: MRA4

DOW 28 Feb 2020 21:05 #588

  • Trendfriend
  • Trendfriend's Avatar
  • OFFLINE
  • Expert Poster
  • Posts: 1597
  • Thank you received: 2176
  • Karma: 52
Nearly stopped me out... :ohmy:

Rallied into the close. Looks like a hammer candle to finish.
I think this will rally next week....let’s see...
The administrator has disabled public write access.
The following user(s) said Thank You: remo, MRA4

DOW 28 Feb 2020 16:47 #589

  • Trendfriend
  • Trendfriend's Avatar
  • OFFLINE
  • Expert Poster
  • Posts: 1597
  • Thank you received: 2176
  • Karma: 52
also the dow is now well oversold....
Last Edit: 28 Feb 2020 16:49 by Trendfriend.
The administrator has disabled public write access.

DOW 28 Feb 2020 16:45 #590

  • Trendfriend
  • Trendfriend's Avatar
  • OFFLINE
  • Expert Poster
  • Posts: 1597
  • Thank you received: 2176
  • Karma: 52
to go long :side:

dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...ibObI2hVNT0RoQgTM%3D

bounced perfectly form this support June 2019 support at 24695.

I think that is the line in sand now for the dow....imvho...

anyway i'm long at 25328.9
stop 24650.

long term position intend to hold...so lets see.... :)

atb, wdik, dyor,
trendfriend
The administrator has disabled public write access.
The following user(s) said Thank You: MRA4

DOW 28 Feb 2020 16:42 #591

  • Trendfriend
  • Trendfriend's Avatar
  • OFFLINE
  • Expert Poster
  • Posts: 1597
  • Thank you received: 2176
  • Karma: 52
I got tempted here!
The administrator has disabled public write access.

DOW 28 Feb 2020 11:28 #592

  • remo
  • remo's Avatar
  • OFFLINE
  • Moderator
  • Posts: 3077
  • Thank you received: 5560
  • Karma: 113
Nice to see you again. ;)

I would not be buying any shares or funds for the time being as the bear market has just started and best time to look to buy some will be around 6-9 months time. There is just way to much negative news out there to sustain any bounces.
remo
Information Purposes Only, Do Your Own Research
remo
The administrator has disabled public write access.
The following user(s) said Thank You: annes goal, Libero, Syrian Empire

DOW 28 Feb 2020 10:09 #593

  • Syrian Empire
  • Syrian Empire's Avatar
  • OFFLINE
  • Fresh Boarder
  • Posts: 63
  • Thank you received: 49
  • Karma: 3
Good Morning All - It has been a while - the XTA and GKP days seem like a lifetime ago Smiley - Markets looking interesting so thought I would drop in. B)

Had a fantastic year trading Gold Funds in my Aviva Pension last year - banking a nice 52% growth in the pot - currently in 90% cash although bought 10% of US and UK tracker funds yesterday to try to catch some of the dead cat bounce :silly:
The administrator has disabled public write access.
The following user(s) said Thank You: remo, Libero, Trendfriend, MRA4

DOW hit 200ma 27 Feb 2020 21:49 #594

  • remo
  • remo's Avatar
  • OFFLINE
  • Moderator
  • Posts: 3077
  • Thank you received: 5560
  • Karma: 113
im still short...but should have just left my original positions opened instead of trying to be smart...lol...
Information Purposes Only, Do Your Own Research
remo
The administrator has disabled public write access.

DOW hit 200ma 27 Feb 2020 21:31 #595

  • MRA4
  • MRA4's Avatar
  • OFFLINE
  • Junior Boarder
  • Posts: 153
  • Thank you received: 118
  • Karma: 7
Screenshot_2020-02-27-20-23-20.png


Big picture,Monthly Dow chart with fibs & main trendline


Screenshot_2020-02-27-20-17-39.png


Weekly Dow chart
The administrator has disabled public write access.
The following user(s) said Thank You: remo

DOW hit 200ma 27 Feb 2020 18:10 #596

  • remo
  • remo's Avatar
  • OFFLINE
  • Moderator
  • Posts: 3077
  • Thank you received: 5560
  • Karma: 113
I’ve already closed my shorts from earlier...now just trading in and out....as expecting a bit of rebound as it’s moved so much down...
Dow is respecting all technical tricks currently....I suppose that’s the only way to trade it when it’s like this...
I closed my shorts once I saw a hammer formed on the hourly and then waited to go long half way down the hammer...
Closed that long for 400 point profit.....then I went short...currently short but looking at going long again...lol
Information Purposes Only, Do Your Own Research
remo
The administrator has disabled public write access.

DOW hit 200ma 27 Feb 2020 16:03 #597

  • Trendfriend
  • Trendfriend's Avatar
  • OFFLINE
  • Expert Poster
  • Posts: 1597
  • Thank you received: 2176
  • Karma: 52
remo wrote:
be careful with trading the dow as the swings are massive both ways so stops will be taken out easily if you try and enter.
Only for the crazy people... :P

yeah way too risky....
with the dow expect the unexpected.... :ohmy:
wouldn't be a big surprise to see it close up imvho....
certainly not risking any of my cash finding out! :lol:
The administrator has disabled public write access.

DOW hit 200ma 27 Feb 2020 15:00 #598

  • remo
  • remo's Avatar
  • OFFLINE
  • Moderator
  • Posts: 3077
  • Thank you received: 5560
  • Karma: 113
be careful with trading the dow as the swings are massive both ways so stops will be taken out easily if you try and enter.
Only for the crazy people... :P
Information Purposes Only, Do Your Own Research
remo
The administrator has disabled public write access.
The following user(s) said Thank You: MRA4

DOW hit 200ma 27 Feb 2020 14:42 #599

  • remo
  • remo's Avatar
  • OFFLINE
  • Moderator
  • Posts: 3077
  • Thank you received: 5560
  • Karma: 113

you can click on chart to make bigger

The fib level to watch is at 24100 as that's the 23.6 fib level of the total bull market we have had, also the medium term trend line is at 24267 currently so they should hold the down move on a first attempt basis.
The main trendline is at 20700.
I suspect this downward move may stall at the fib level and trendline as that's got a lot of support there.

Support levels on the way down....25743,,,,,,25339,,,,24680,,,,,,24267 (trendline),,,,,24100 (23.6fib)
Now there are a loads of resistance on the way back up now created by gaps...

im short on the dow and will look to add to shorts unless something big changes things...cant see that currently
Information Purposes Only, Do Your Own Research
remo
Last Edit: 27 Feb 2020 14:56 by remo.
The administrator has disabled public write access.
The following user(s) said Thank You: MRA4

DOW hit 200ma 27 Feb 2020 13:30 #600

  • remo
  • remo's Avatar
  • OFFLINE
  • Moderator
  • Posts: 3077
  • Thank you received: 5560
  • Karma: 113
It’s looking real nasty out there...can’t see any levels of support near by for the Dow...
Will try and figure out some areas later
Information Purposes Only, Do Your Own Research
remo
The administrator has disabled public write access.
The following user(s) said Thank You: orsotoro
Moderators: remo

Time to create page: 0.433 seconds