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  • #1,541
  • May 28, 2019 11:44pm May 28, 2019 11:44pm
If DOW breaks 252xx area next support is on 25000 confluence point (fib ex, weekly camarilla H5 + support)

for now camarilla H4 still holding ground.
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persistence and determination alone are omnipotent
  • #1,542
  • May 29, 2019 1:30am May 29, 2019 1:30am
Seems the bears are still at play

“US, don’t underestimate China’s ability to strike back” – China’s People’s Daily
29 May 2019, 09:26

The strongly worded commentary published by China’s ruling Communist Party paper, People’s Daily, carried a warning that China is ready to use rare earths to strike back in a trade war with the US.
Key Quotes:
“United States, don’t underestimate China’s ability to strike back”.
The United States’ “uncomfortable” dependence on rare earths from China.
“Will rare earths become a counter weapon for China to hit back against the pressure the United States has put on for no reason at all? The answer is no mystery,”
“Undoubtedly, the U.S. side wants to use the products made by China’s exported rare earths to counter and suppress China’s development. The Chinese people will never accept this!”
“We advise the U.S. side not to underestimate the Chinese side’s ability to safeguard its development rights and interests. Don’t say we didn’t warn you!”
This warning comes after the Global Times reported on Tuesday that China was considering restricting rare exports to the US.
persistence and determination alone are omnipotent
  • #1,543
  • May 29, 2019 2:07am May 29, 2019 2:07am
Dow has possible support at 25220..tinkering with H&S neck on the daily
All charts/ideas based on UK time zone
  • #1,544
  • May 29, 2019 2:16am May 29, 2019 2:16am
Quoting sponge
Dow has possible support at 25220..tinkering with H&S neck on the daily
broken on H4 looking for a 3 bar play entry short
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persistence and determination alone are omnipotent
  • #1,545
  • May 29, 2019 2:24am May 29, 2019 2:24am
Quoting Ll1979
{quote} broken on H4 looking for a 3 bar play entry short {image}
flagged false for now
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persistence and determination alone are omnipotent
  • #1,546
  • Edited 3:43am May 29, 2019 2:36am | Edited 3:43am
Quoting Ll1979
{quote} flagged false for now {image}
Think some volume is supporting around 209 bear below

EDIT if the Dow has a reversal today upside targets 312,377,534 I think volume is stengthening around 209 looking bearish at the moment
All charts/ideas based on UK time zone
  • #1,547
  • May 29, 2019 3:53am May 29, 2019 3:53am
WTI is approaching support @ H4 + daily

looking for a breakout play
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persistence and determination alone are omnipotent
  • #1,548
  • May 29, 2019 4:00am May 29, 2019 4:00am
Quoting sponge
{quote} Think some volume is supporting around 209 bear below EDIT if the Dow has a reversal today upside targets 312,377,534 I think volume is stengthening around 209 looking bearish at the moment
Sponge where is your volume derived from CFDs or futures?
persistence and determination alone are omnipotent
  • #1,549
  • May 29, 2019 4:09am May 29, 2019 4:09am
Quoting Ll1979
{quote} Sponge where is your volume derived from CFDs or futures?
Li, Tic volume / MT4
All charts/ideas based on UK time zone
  • #1,550
  • May 29, 2019 4:21am May 29, 2019 4:21am
Quoting sponge
{quote} Li, Tic volume / MT4
what is the underlying product a CFD or futures?
persistence and determination alone are omnipotent
  • #1,551
  • May 29, 2019 4:24am May 29, 2019 4:24am
Quoting Ll1979
{quote} what is the underlying product a CFD or futures?
I'm really not sure I just trade it

Think it might be cash market ?

I have another account showing 4 options with different pricing but MT4 is just one chart for wall street
All charts/ideas based on UK time zone
  • #1,552
  • May 29, 2019 4:32am May 29, 2019 4:32am
Quoting sponge
{quote} I'm really not sure I just trade it Think it might be cash market ?
The reason why i asked it has to do with volume and OTC vs exchanges products.

CFDs are OTC products (interbanking -> decentralised) -> volume depends amount of liquidity providers
Futures are exchange products (centralised) -> volume is shown as it is
persistence and determination alone are omnipotent
  • #1,553
  • May 29, 2019 4:34am May 29, 2019 4:34am
Quoting sponge
{quote} I'm really not sure I just trade it Think it might be cash market ? I have another account showing 4 options with different pricing but MT4 is just one chart for wall street
if you are interested what product you are trading you can right click the symbol (for me DOWUSD) and navigate to contract specifications.
Attached Image
persistence and determination alone are omnipotent
  • #1,554
  • May 29, 2019 4:41am May 29, 2019 4:41am
Quoting Ll1979
{quote} The reason why i asked it has to do with volume and OTC vs exchanges products. CFDs are OTC products (interbanking -> decentralised) -> volume depends amount of liquidity providers Futures are exchange products (centralised) -> volume is shown as it is
Yes big confusion on volume if you ask me

I read quite a bit into it before deciding it was much easier and more usful to look at tic

Simple things ha
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  • #1,555
  • May 29, 2019 4:45am May 29, 2019 4:45am
Quoting sponge
{quote} Yes big confusion on volume if you ask me I read quite a bit into it before deciding it was much easier and more usful to look at tic Simple things ha
Some parts of trading can be rocket science
persistence and determination alone are omnipotent
  • #1,556
  • May 29, 2019 5:39am May 29, 2019 5:39am
Quoting Ll1979
{quote} Some parts of trading can be rocket science
Ding dong you have mail
All charts/ideas based on UK time zone
  • #1,557
  • May 29, 2019 5:45am May 29, 2019 5:45am
Quoting sponge
{quote} Ding dong you have mail
Thnx will look at it when i am @ home login problems with gmail forgot some characters in my password
persistence and determination alone are omnipotent
  • #1,558
  • May 29, 2019 7:12am May 29, 2019 7:12am
WTI anyone buying the dip ?
All charts/ideas based on UK time zone
  • #1,559
  • May 29, 2019 8:01am May 29, 2019 8:01am
No sponge I am not buying the dip.
However , as long as the $57.00 mark on a 4 HR Chart is not breached , I believe , there is a very good opportunity for the price to retrace to the $59.50ish area.
JUST REMEMBER , ANYTHING CAN AND DOES HAPPEN IN TRADING.

1 tweet from Trump is all it takes to change any market direction right now. For this reason , I believe that he now IS INDEED THE MOST POWERFUL PERSON ON THIS PLANET.

I read an article about 2 1/2 years ago which quoted the Saudi Oil Minister saying that Saudi Arabia will be done with Oil by 2030.

Saudi Arabia has been immensely proactive in their development and use of Solar Energy , China is now out pacing Germany with the development and use of Solar Energy.
Global demand for Oil is waning. From my perspective , the best thing about this pullback is that current supplies have been quickly bought up by industries such as transportation , locking in excellent prices for up to 2 years going forward.

Regards ,
GreenEarth
"Define the risk OUT of your trade"--Mark Douglas
  • #1,560
  • May 29, 2019 8:14am May 29, 2019 8:14am
Quoting sponge
Downside target 57.43 met, we may see a retrace but I don't think the downside is finished yet, key level 57.67 I think momentum could carry it further down/sideways tomorrow, maybe a spike down for a new low I'll be checking for signs of buying at these levels 56.33, 55.29, 53.64 but for now volume is negative on all the bigger frames of course this could change quickly. This has been a brilliant trading day EDIT I think the Dow equivalent to 57.67 is 25374
I think we're testing 57.67 area again
All charts/ideas based on UK time zone
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