One more thing concerning Dax. There are pundits, most pundits I would say, claiming current downturn is a just a healthy, long awaited pullback before stocks push much higher. Look at 2015 they say, and up we went again. I do not agree. 2018 and ...

US and Euro stocks mounting one more rally before crashing?

I know I said I'd finished with this thread, and I have, as I believe the markets have topped, but thought I'd post this. The S&P, and the power of diversion, so often the first signal of a direction change. Stock markets peering over the precipice ...

US and Euro stocks mounting one more rally before crashing?

I would like to add one thing to my post above, and it is this, taken from my own favourite trading quote on my profile page, by the legendary German WW2 Luftwaffe fighter pilot, Adolf Galland - "Only in the spirit of attack, born in a brave heart, ...

What's The One Thing That Made All The Difference?

Depends who you are when you come into trading. If you're generally unorganized, messy and lazy, then you'll die as a trader unless you change radically, that's if you survive long enough to become a trader. If you're reasonably well organized, ...

Mental and Physical Health in Trading

Thanks tomase for that very interesting insider perspective. Personally, I give the msm scant attention, which unfortunately cannot be said for most of the rest of the population. Things are changing with the advent of social media, though this has ...

US and Euro stocks mounting one more rally before crashing?

Can't believe none of us saw this coming!!

US and Euro stocks mounting one more rally before crashing?

Dax has hit its weekly 200 sma, so we'll see if it holds. As I type 10 mins off the Frankie open, it is rebounding off it That's all from me on this thread. Good luck, and hope you caught the top of the market.

US and Euro stocks mounting one more rally before crashing?

From my post 28th Sept, and only now, this evening, is the mainstream media beginning to make some noises about an October stock market crash potentially unfolding, but only after the Dow Jones has just fallen over 600 pips in the last few hours. We ...

US and Euro stocks mounting one more rally before crashing?

Yesterday screwed a lot of people into thinking we had turned bullish again, but it was a typical pullback to shake out the shorts as it came out of nowhere as far as I could see. What you've got to look at is that the Dax pennant I drew has now ...

US and Euro stocks mounting one more rally before crashing?

I know people are looking for that magic golden bullet, that one thing that suddenly clicks, that we can look back on as the defining moment in our trading career as the one which turned it all around, and maybe there is one, but for me it has been ...

What's The One Thing That Made All The Difference?

This is playing out nicely, Dax already 170 pips down from its high today. Those looking for support on Dow, I have around 344 as a potential level which might bring buyers in, and below that around 300, below which it should put in new lows. It's ...

US and Euro stocks mounting one more rally before crashing?

Dax pennant is broken, so now the way is pretty clear to 11,500 if we fall lower today. Dow looks clear now to fall to 26,000. Whether it is today or not remains to be seen, but surely there is a lot more downside to come this week. 920 is the key ...

US and Euro stocks mounting one more rally before crashing?

You have to get the time frames right, because if you don't they just contradict one another. Using multiple time frames is an incredibly effective way to trade, but if your sequencing is wrong, then it will be a muddle. If you use time frames ...

How to confirm lower TF setup with higher TF?

Harmony...Life and trading is all about harmony. Some of us find it, some of us don't.

The Loneliness of the Long Distance Trader

Dax has been narrowing into the weekly pennant apex, and this is my projection, sometime next week, perhaps even today, for a significant breakdown to the south. How far it falls remains to be seen, and there is plenty of support, so the red arrow ...

US and Euro stocks mounting one more rally before crashing?

Yep, I just amended my last post to include that. Yesterday's Dow shooting star was a beauty as well. I think we have the potential for some very big selling next week, with Dax dropping hard out of the pennant apex.

US and Euro stocks mounting one more rally before crashing?

Yes tomase, you may well be right. My last post had pretty much given up on the double top area, and Dow looked nothing but bullish, but here we are now, 370 pips down, which does show that the market is extremely uncomfortable up at this level, and ...

US and Euro stocks mounting one more rally before crashing?