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The end of the US stock market is nearing

  • #681
  • Jan 2, 2020 4:37pm Jan 2, 2020 4:37pm
Quoting jupiter_peak
{quote} Meanwhile, I shorted the Nikkei just a few pips below last year’s high with stops above 2018’s high. This one has the potential to be epic.
unfortunately last year's NIKKEY top doesn't have any technical significance... those stops do not look reliable enough under the circumstance... 2018's top has a huge importance and can work as an indicator for the US stocks indices as well...
  • #682
  • Jan 2, 2020 4:40pm Jan 2, 2020 4:40pm
Quoting BarberQc
{quote} a month ago you said you were about to meet up with power people, to discuss whats incoming, did you short every market since then ? because its just making new high as healthy as I said it was to just never short that
of course not... I never trade on predictions... even on my own ones... there always must be some technical signal to enter a position... in this case I'm quite sure that the market will come to at least 18K... but it will take some time and obviously I would like to take the best possible selling level with definitive stops before walking the market down to its obvious destination...
  • #683
  • Jan 2, 2020 4:41pm Jan 2, 2020 4:41pm
Quoting Igrok
{quote} unfortunately last year's NIKKEY top doesn't have any technical significance... those stops do not look reliable enough under the circumstance... 2018's top has a huge importance and can work as an indicator for the US stocks indices as well...
No. My stops are placed above 2018 high. I entered close to last years(2019) high established in December. We are already in 2020...
  • #684
  • Jan 2, 2020 4:42pm Jan 2, 2020 4:42pm
Quoting Igrok
{quote} of course not... I never trade on predictions... even on my own ones... there always must be some technical signal to enter a position...
humble trader, cause you spoken confidence on immediate crash, made me confused of how you can be so confident to counter-trend something when there's no signals of it hahahaha, stay humble man good work keep it up
  • #685
  • Jan 2, 2020 4:49pm Jan 2, 2020 4:49pm
Quoting BarberQc
{quote} humble trader, cause you spoken confidence on immediate crash, made me confused of how you can be so confident to counter-trend something when there's no signals of it hahahaha, stay humble man good work keep it up

I even posted several charts in this very thread with my projections... according to the technical picture it might take about a year just to get a diamond confirmation... I don't expect any instant disaster... obviously that's a wrong impression you've got...
  • #686
  • Jan 2, 2020 4:52pm Jan 2, 2020 4:52pm
Quoting jupiter_peak
{quote} No. My stops are placed above 2018 high. I entered close to last years(2019) high established in December. We are already in 2020...
To be more specific, I entered at 24080 with SL @ 24480.

So far, so good.
  • #687
  • Jan 2, 2020 4:54pm Jan 2, 2020 4:54pm
Quoting Igrok
{quote} I even posted several charts in this very thread with my projections... according to the technical picture it might take about a year just to get a diamond confirmation... I don't expect any instant disaster... obviously that's a wrong impression you've got...
great
  • #688
  • Jan 2, 2020 4:56pm Jan 2, 2020 4:56pm
I don't worry much about the Dow hitting 18K, which is a must and might be considered as a relatively healthy correction... but I'm scared to death myself about the possibility to see it below 6K after that... though technically it's a distinct possibility also... highly probable as a matter of fact... especially given current technical picture...
  • #689
  • Jan 2, 2020 5:03pm Jan 2, 2020 5:03pm
Quoting jupiter_peak
{quote} To be more specific, I entered at 24080 with SL @ 24480. So far, so good.
that makes sense... initial target is likely to be located at right ahead of 20200, which is a measured "phantom" level...
  • #690
  • Jan 2, 2020 5:12pm Jan 2, 2020 5:12pm
Quoting Igrok
{quote} that makes sense... initial target is likely to be located at right ahead of 20200, which is a measured "phantom" level...
Yeah. I have the "worst" intentions to let this sucker ride to much lower levels.

Could be an epic trade.
  • #691
  • Jan 2, 2020 5:17pm Jan 2, 2020 5:17pm
Quoting jupiter_peak
{quote} Yeah. I have the "worst" intentions to let this sucker ride to much lower levels. Could be an epic trade.
I would reverse this short position ahead of 20200 to target 23000 once again... and only there I would reverse it again in order to sit on that last short for at least 8K target...
  • #692
  • Jan 2, 2020 5:24pm Jan 2, 2020 5:24pm
Quoting Igrok
{quote} I would reverse this short position ahead of 20200 to target 23000 once again... and only there I would reverse it again in order to sit on that last short for at least 8K target...
Yeah. Great idea. Play the insides of the triangle. Will do.

Clever as always.

Thanks for the heads up Igor! ;-)
  • #693
  • Jan 2, 2020 5:32pm Jan 2, 2020 5:32pm
Quoting jupiter_peak
{quote} Yeah. Great idea. Play the insides of the triangle. Will do. Clever as always. Thanks for the heads up Igor! ;-)

I wish you could take your position closer to the stops... it might try upside again tomorrow and next week... though quite unlikely to take your stops out...
  • #694
  • Jan 2, 2020 5:43pm Jan 2, 2020 5:43pm
Quoting Igrok
{quote} I wish you could take your position closer to the stops... it might try upside again tomorrow and next week... though quite unlikely to take your stops out...
Yeah, a little bit ahead of 24130... I see what you mean.

Well, R:R is still very promising, even with these stops. I'll let "gravity" do its thing.
  • #695
  • Jan 2, 2020 7:09pm Jan 2, 2020 7:09pm
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2020-01-02 at 6.05.03 PM.png Size: 30 KB
Freedom is not free
  • #696
  • Jan 3, 2020 12:29am Jan 3, 2020 12:29am
Quoting Abe16
{image}
5 hours later; this number looks totally different now
  • #697
  • Jan 3, 2020 2:51am Jan 3, 2020 2:51am
A huge correction should be coming soon. Iran-US relationship strained beyond repair now. Safe havens should advance in the near term and Stocks would be hovering around its current range or dip.
There can be no peaks without troughs
  • #698
  • Jan 3, 2020 4:11am Jan 3, 2020 4:11am
Waiting for someone to quote my post where I said a black swan would bring the market down at 2am

What time did the news break? 2:30am GMT hahahah

Came back just to say please wait for bullish movement before going back in. These can be shallow or deep moves; let the market guide you. Don’t catch falling knives
  • #699
  • Jan 3, 2020 4:15am Jan 3, 2020 4:15am
Quoting kariAyam
A huge correction should be coming soon. Iran-US relationship strained beyond repair now. Safe havens should advance in the near term and Stocks would be hovering around its current range or dip.
Hmm no way of telling whether it will be huge or not yet. Currently the S&P is only 1.16% down

Could drop further. I would have expected a more rapid and bigger decline for a significant correction. There were so many backlashes over the events of last year that banks/MM have put a lot of effort into ensuring the same doesn’t happen again.
  • #700
  • Jan 3, 2020 4:34am Jan 3, 2020 4:34am
Quoting Neogenesis
Actually, one final post before I leave.


Quoting Neogenesis
Waiting for someone to quote my post where I said a black swan would bring the market down at 2am What time did the news break? 2:30am GMT hahahah Came back just to say please wait for bullish movement before going back in. These can be shallow or deep moves; let the market guide you. Don’t catch falling knives
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