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cat replied Jan 29, 2019Yes that was a weird snap back on the Dow, but not on the Dax where the resistance was clear, so almost as if the Dax led the way there. I'm sure there were some Dow longs caught out by that one.
US and Euro stocks mounting one more rally before crashing?
- cat replied Jan 29, 2019
Gold should power up to 360/70 now, but that level may well provide stiff resistance as it has done in the past ( monthly 100sma )
US and Euro stocks mounting one more rally before crashing?
- cat replied Jan 29, 2019
Looks like that 280 held well on Dax, and Dow snapped right back off of the R1 pivot to join it.
US and Euro stocks mounting one more rally before crashing?
- cat replied Jan 29, 2019
Yes I have, and I said right at the start of this thread that Gold ( and silver ) needed to be watched closely because of the heavy inverse correlation with the big indecis. Money is now piling into precious metals that's for sure!
US and Euro stocks mounting one more rally before crashing?
- cat replied Jan 29, 2019
Stocks rising, but hesitantly. I have potential intra-day resistance levels of around 24,800 on the dow, and right here at 11,260 on the Dax, and one more higher level at 11,280 - 300, which need to hold if the price is going to stay beneath ...
US and Euro stocks mounting one more rally before crashing?
- cat replied Jan 29, 2019
I had a question the other day from a trader who follows my threads about divergence following my warning I issued on Friday about the Dax H4 divergence. " Can it be used on the smaller time frames to form a strategy "? was the question, to which I ...
US and Euro stocks mounting one more rally before crashing?
- cat replied Jan 29, 2019
I had a lot of people tell me I was wrong a year ago when I sent this to a few investors I know and some close acquaintances with hedge funds. dated January 31st, 2018. One has to be very careful when sending this kind of stuff to certain people, ...
US and Euro stocks mounting one more rally before crashing?
- cat commented Jan 29, 2019
Because it is run by a bunch of unelected foreign bureaucrats far removed from anything the British Isles represents and completely ignorant and dispassionate about the hopes, fears and aspirations of the British people, or any of the citizens of ...
EU's Weyand: We won't reopen withdrawal agreement
- cat commented Jan 28, 2019
Well then the EU is focked isn't it? No deal is the only game in town now, so let's leave the EU to wallow in its own implosion, and good riddance.
EU's Weyand: We won't reopen withdrawal agreement
- cat replied Jan 28, 2019
Earlier than that on the Dax, with those lovely ripe 10m shooting stars around 10am. Big MACD diversion on the 1m tf, and the short was on, at least to this level.
US and Euro stocks mounting one more rally before crashing?
- cat replied Jan 28, 2019
Dax has indeed found its 15m 200ema/30m 100sma. Atm as expected, it is finding some support here, but if it can break below it, then it should easily have the selling strength to reach the 30m 200ema @ 1,166, which sits on top of today's S1 pivot ...
US and Euro stocks mounting one more rally before crashing?
- cat replied Jan 28, 2019
Some really excellent points by scherzi above, which will, I hope, provide a reality check for some people. Trading will force all of us to look into the mirror, and look hard, because there is a very good reason why brokers make so much money. The ...
Trading Psychology That We Need To Succeed
- cat replied Jan 28, 2019
ps...if Dow does lift a bit, I've got potentially very strong resistance between 700-750.
US and Euro stocks mounting one more rally before crashing?
- cat replied Jan 28, 2019
Dow currently poised for a bit of a drop I'd say, though how big not sure. I have my Daily 200ema pressing right down on top of the price as resistance, and H4 like the Dax is on very clear diversion with the MACD ribbon. May not hold though, and if ...
US and Euro stocks mounting one more rally before crashing?
- cat replied Jan 28, 2019
Thanks Islander above, good to hear from you again and nice to know that you're still alive and kicking! Without wanting to turn this into a Dax thread, You will see iof you are trading or watching the Dax that the price has been rejected just below ...
US and Euro stocks mounting one more rally before crashing?
- cat replied Jan 28, 2019
10% technical, 90% psychological? Biggest myth in retail trading, and the most dangerous one, because it leads inexperienced traders and people coming into the business for the first time to assume that all they've got to do to be a success at this ...
Trading Psychology That We Need To Succeed
- cat replied Jan 28, 2019
So this Dax diversion I mentioned above, I'd expect Friday's high not to be broken if it is going to hold today, but Draghi is coming up at 2pm UK time, so anything is possible.
US and Euro stocks mounting one more rally before crashing?
- cat replied Jan 26, 2019
Just a quick word, because that's all it's worth, about quality of post on this or any of my threads. I welcome all opinion and most criticism of anything I post, but when someone comes on, with no apparent motive except to troll, as a certain ...
US and Euro stocks mounting one more rally before crashing?
- cat replied Jan 26, 2019
A trader pm'd me asking what exactly I meant by ' still unconfirmed ', so I thought I would share my reply to him here for the possible benefit of others. " It means that although there is a lower high on the MACD ribbon, it still has an open end, ...
US and Euro stocks mounting one more rally before crashing?
- cat replied Jan 25, 2019
Dax traders it's worth paying attention to some pretty strong looking diversion on H4 and H6. I use just MACD along the bottom of my charts, and the 12/26/9 ribbon, though still unconfirmed, looks pretty nice for a possible fall from current levels. ...
US and Euro stocks mounting one more rally before crashing?