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  • #421
  • Oct 22, 2019 5:07pm Oct 22, 2019 5:07pm
Well guys, I closed about 40% of my long-term long S&P position today. I'm not immediately bearish, but I've seen enough to where I don't want to stay this exposed. I'll probably close out the remaining 60% by year end.

I'm getting excited about the prospect of taking a long-term short position soon! I've made a good bit of money as the market has risen over the years, but it has been slow. With the upcoming bear market big gains can be made quick. I look forward to making a lot of money with you all!!!
Self-sufficiency is the greatest of all wealth. - Epicurus
  • #422
  • Oct 22, 2019 9:05pm Oct 22, 2019 9:05pm
Quoting detector
Guys, going to have a break, If I come back at all, it's been enjoyable, one bad apple, D
Hope to see you back detector!
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #423
  • Oct 23, 2019 3:51am Oct 23, 2019 3:51am
Quoting detector
Guys, going to have a break, If I come back at all, it's been enjoyable, one bad apple, D
Hope to see you back D!
I'm just back from a break, how is everyone?
Been a great week my end short eur pairs and long usd pairs
I am but a small fish in a large pond
  • #424
  • Oct 23, 2019 4:01am Oct 23, 2019 4:01am
Quoting detector
Guys, going to have a break, If I come back at all, it's been enjoyable, one bad apple, D
Whats going on D?
persistence and determination alone are omnipotent
  • #425
  • Oct 23, 2019 11:26am Oct 23, 2019 11:26am
Dax is doing better than Dow recently, Is it fundamentally better now?
  • #426
  • Oct 23, 2019 11:58am Oct 23, 2019 11:58am
Quoting luckyvictor
Dax is doing better than Dow recently, Is it fundamentally better now?
Looking @ZEW i don't think so
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persistence and determination alone are omnipotent
  • #427
  • Oct 23, 2019 12:45pm Oct 23, 2019 12:45pm
Quoting Ll1979
{quote} Looking @ZEW i don't think so {image}
Thanks for this supportive evidence.

But this makes difficult, dax looks bullish, Dow looks bearish.

Should it be a chance to short dax or long Dow?
  • #428
  • Oct 23, 2019 1:00pm Oct 23, 2019 1:00pm
Quoting luckyvictor
{quote} Thanks for this supportive evidence. But this makes difficult, dax looks bullish, Dow looks bearish. Should it be a chance to short dax or long Dow?
Most of the times the DAX follows the US indices. But beware the DAX is also a bit overbought and tomorrow lots of euro news.
Hard to say what's going to happen.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Image2.png Size: 34 KB
persistence and determination alone are omnipotent
  • #429
  • Oct 23, 2019 6:21pm Oct 23, 2019 6:21pm
Quoting Ll1979
{quote} Most of the times the DAX follows the US indices.
That's the primary reason I only trade US indices. In order to get the DAX right, you need to get the US right too so it's more complicated. I'd love to incorporate them down the road though!
Self-sufficiency is the greatest of all wealth. - Epicurus
  • #430
  • Oct 23, 2019 8:26pm Oct 23, 2019 8:26pm
Quoting Ll1979
{quote} Most of the times the DAX follows the US indices. But beware the DAX is also a bit overbought and tomorrow lots of euro news. Hard to say what's going to happen. {image} {image}
Not sure if you're interested but there's an indicator you can apply to the chart (mt4) to show upcoming data with impacts and everything. There's settings so you can adjust it and tailor it. I don't use it all the time, but I'm glad I at least have it. The member who did it is an expert. He made one for each calendar, metals, energy, and FF. Check it out if you want to. https://www.energyexch.com/showthrea...9#post12545589

About the Dax, I would be very nervous about staying in through the ECB meeting. I am going to try and post a preview in a little bit. I think Draghi's press conference may be where the risk is, but not sure yet.

But now, that I checked again, I see you were talking about all the PMI data. It's like a mine field on the calendar. Very risky overnight trading. Good luck Ll1979!
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #431
  • Oct 24, 2019 12:40am Oct 24, 2019 12:40am
Quoting EventsTrader
{quote} Not sure if you're interested but there's an indicator you can apply to the chart (mt4) to show upcoming data with impacts and everything. There's settings so you can adjust it and tailor it. I don't use it all the time, but I'm glad I at least have it. The member who did it is an expert. He made one for each calendar, metals, energy, and FF. Check it out if you want to. https://www.energyexch.com/showthrea...9#post12545589 About the Dax, I would be very nervous about staying in through the ECB meeting. I am going...
Thnx for the tool will have a look at it. Do you know if it auto refresh so one can get the news asap?
persistence and determination alone are omnipotent
  • #432
  • Oct 24, 2019 1:56am Oct 24, 2019 1:56am
Quoting Ll1979
{quote} Thnx for the tool will have a look at it. Do you know if it auto refresh so one can get the news asap?
I actually had to go and check because I didn't remember any actuals being displayed. It's definitely not a replacement for the calendar when data comes out. It's best for displaying upcoming data. Another thing I like is that it shows past impact icons on the chart. Event shows on hover.

I set mine up to show only future Orange and Red events. I actually haven't used it recently because there hasn't been much high impact data, so I just loaded it up on a random chart. The times could be off. I just wanted to show you why I think it's pretty cool. It does a few things that are useful. The best part about it is that it's free!

I took out the yellow events. Below is an image of the indicator on the chart and images of the parameters that we can change if we want.
Attached Image (click to enlarge)
Click to Enlarge Name: SNAG-0085 10-24-2019 2.53.16 AM.png Size: 20 KB
Attached Image
Attached Image
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #433
  • Oct 24, 2019 2:02am Oct 24, 2019 2:02am
Quoting Ef5
{quote} That's the primary reason I only trade US indices. In order to get the DAX right, you need to get the US right too so it's more complicated. I'd love to incorporate them down the road though!
In these few days, dax rejects the low and slowly climb up, whereas Dow rejects the high and more less travel sideway. Especially this week is the earning week, it just makes me uncomfortable. Also, euro is going back up, so currency should not be the drive, in fact dax should be down as.a result.

Finally like you said, dax follow Dow most of the time, so I want to find out why there is a discrepancy, and hopefully find a trading opportunity.
  • #434
  • Oct 24, 2019 6:50am Oct 24, 2019 6:50am
Quoting Ef5
Well guys, I closed about 40% of my long-term long S&P position today. I'm not immediately bearish, but I've seen enough to where I don't want to stay this exposed. I'll probably close out the remaining 60% by year end. I'm getting excited about the prospect of taking a long-term short position soon! I've made a good bit of money as the market has risen over the years, but it has been slow. With the upcoming bear market big gains can be made quick. I look forward to making a lot of money with you all!!!
Thanks for sharing.
If in doubt, paddle out!
  • #435
  • Oct 24, 2019 5:47pm Oct 24, 2019 5:47pm
Another day that Dow struggle to go up, and Dax just goes higher and higher. Very unusual
  • #436
  • Oct 25, 2019 1:16pm Oct 25, 2019 1:16pm
Hi you all, I've missed you, can I come back, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #437
  • Oct 25, 2019 1:55pm Oct 25, 2019 1:55pm
Quoting detector
Hi you all, I've missed you, can I come back, D
Tuff, I'm back, short Naz 8017.8 oh and long bit coin 7523.8
I don't need to be good at the game, only good enough to beat my opponent,
  • #438
  • Oct 25, 2019 1:58pm Oct 25, 2019 1:58pm
Quoting detector
Hi you all, I've missed you, can I come back, D
Welcome back and congratz on the BTC trade!
persistence and determination alone are omnipotent
  • #439
  • Oct 25, 2019 2:23pm Oct 25, 2019 2:23pm
Quoting Ll1979
{quote} Welcome back and congratz on the BTC trade!
Hey Li, thanks for the warm reception, sorry my toys went out the pram, Robby Turbo caused a stir with his antics, I lost a little faith in human nature, however that should never overspill to the genuine guys and gals on the thread, Im back home, D, oh, bit coin, printed the entry, had the rise, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #440
  • Oct 25, 2019 2:31pm Oct 25, 2019 2:31pm
Have a short on the NAZ, been here all session, up, then down, few sheckles fluctuation, it's going up or down or staying put, my guess, weekend a possible no show, longs closing because uncertainty, we'll see, poised to close at the slightest, D
I don't need to be good at the game, only good enough to beat my opponent,
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