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  • #1,221
  • Jan 27, 2020 8:47am Jan 27, 2020 8:47am
Quoting detector
Seeing some opportunities on the 5min Dow
It's ranging could be consolidation for a move up or further down.
One could play the breakout or play inside (high to low or visa versa) the box for a few points.
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persistence and determination alone are omnipotent
  • #1,222
  • Jan 27, 2020 8:49am Jan 27, 2020 8:49am
I have to say the bands respect the DAX very well on 1M
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persistence and determination alone are omnipotent
  • #1,223
  • Jan 27, 2020 8:50am Jan 27, 2020 8:50am
Quoting Ll1979
{quote} Did you receive my mail?
I did Li thanks, have it set up on another profile with my other setups, currently have the EA on the main setup, been looking over the code base to replicate your other indicator, looking great bye the way, will reply back, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,224
  • Jan 27, 2020 8:52am Jan 27, 2020 8:52am
Quoting Ll1979
I have to say the bands respect the DAX very well on 1M {image}
The only fly in the ointment is the coronavirus, could put some strain on the markets to produce some irregular moves!!
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,225
  • Jan 27, 2020 8:52am Jan 27, 2020 8:52am
Quoting detector
{quote} I did Li thanks, have it set up on another profile with my other setups, currently have the EA on the main setup, been looking over the code base to replicate your other indicator, looking great bye the way, will reply back, D
You don't have to reply just take profits
persistence and determination alone are omnipotent
  • #1,226
  • Jan 27, 2020 8:56am Jan 27, 2020 8:56am
Quoting Ll1979
{quote} You don't have to reply just take profits
Yeah, ideal time this week while testing
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,227
  • Jan 27, 2020 12:35pm Jan 27, 2020 12:35pm
Dow 28650 one to watch I think ....nothing long under this level imo

What's the view have the US indices finally hit a top?

R/S 29042/28424 for now I think
All charts/ideas based on UK time zone
  • #1,228
  • Jan 27, 2020 1:17pm Jan 27, 2020 1:17pm
Quoting sponge
Dow 28650 one to watch I think ....nothing long under this level imo What's the view have the US indices finally hit a top? R/S 29042/28424 for now I think
Hello Sponge, good to hear you, hope your well, I'm testing an EA and had to close most my charts and second MT4 platform down due to lag so cannot see any charts other than the 4 currencies I have running, so cannot see any prices, seems the Dow could have hit the buffers with the Coronavirus news, if not very uncanny the timing of a fall, while it's been overweight it has cracks showing, also, as pointed out by Ef5, the newyear brings profit taking for many Americans, cannot quite quote, however the post is out there somewhere, but words to that effect, so could be an amalgamation of many but like you say, wouldn't want to be long until a little clarity appears, sitting on my hands ATM and catching up on sleep, work got me bushed, hope your good and I need to be replying back to the messages I received ASAP, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,229
  • Jan 27, 2020 10:02pm Jan 27, 2020 10:02pm
Quoting sponge
Dow 28650 one to watch I think ....nothing long under this level imo What's the view have the US indices finally hit a top? R/S 29042/28424 for now I think
Welcome back Sponge glad to see you in the thread!
persistence and determination alone are omnipotent
  • #1,230
  • Edited 7:55am Jan 28, 2020 7:24am | Edited 7:55am
Quoting sponge
Dow 28650 one to watch I think ....nothing long under this level imo What's the view have the US indices finally hit a top? R/S 29042/28424 for now I think
target 28730/60 above 28650 if it holds

EDIT
Target reached 28760 key level now, possible gap fill 28840
All charts/ideas based on UK time zone
  • #1,231
  • Jan 28, 2020 1:16pm Jan 28, 2020 1:16pm
Quoting sponge
What's the view have the US indices finally hit a top?
Probably not. I'm looking for a sell off of 5-15% then more all-time highs. The reason I don't think this was the top is market breath was good all along. Major market tops have weak breadth so I think the bull lives on for now.

There are a lot of bearish fundamentals now, which wasn't true a year ago. If things continue this way I'll be looking to get heavily short later this year.
Self-sufficiency is the greatest of all wealth. - Epicurus
  • #1,232
  • Jan 28, 2020 10:49pm Jan 28, 2020 10:49pm
Quoting Ef5
{quote} Probably not. I'm looking for a sell off of 5-15% then more all-time highs. The reason I don't think this was the top is market breath was good all along. Major market tops have weak breadth so I think the bull lives on for now. There are a lot of bearish fundamentals now, which wasn't true a year ago. If things continue this way I'll be looking to get heavily short later this year.
Back to buy the dip then
All charts/ideas based on UK time zone
  • #1,233
  • Jan 28, 2020 11:15pm Jan 28, 2020 11:15pm
Quoting sponge
{quote} target 28730/60 above 28650 if it holds EDIT Target reached 28760 key level now, possible gap fill 28840
Gap filled.

Possible re-test 28760 bearish below, looking for support 28747/13 if it goes, I think sub 28650 would scupper the bulls

Upside res 28905/28977

Upside targ 28999/29041/29105

Just my 2p
All charts/ideas based on UK time zone
  • #1,234
  • Jan 29, 2020 11:24am Jan 29, 2020 11:24am
How I see the Pro's storyboard so far

Of course I could be wrong but I love a good story ha
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All charts/ideas based on UK time zone
  • #1,235
  • Jan 29, 2020 12:02pm Jan 29, 2020 12:02pm
Quoting sponge
{quote} Back to buy the dip then
I don't plan on buying any more this cycle. We're too close to the top and I'm probably going to sell everything soon.

Just a word of caution, late cycle corrections can be pretty violent. Check out 2007:

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In August 2007 it probably felt like you were in a bear market, and a lot of data suggested you might be in one. However, the market rallied back to put in its top in October.
Self-sufficiency is the greatest of all wealth. - Epicurus
  • #1,236
  • Jan 29, 2020 11:24pm Jan 29, 2020 11:24pm
I was interested to see Mark Minervini (one of Schwager's Market Wizards) went short the S&P: https://twitter.com/markminervini/st...30776547414016

He had been bullish for a long time so I was surprised to see him take a short position. It sounds like it's more about just being a very good risk:reward set up so something to think about.
Self-sufficiency is the greatest of all wealth. - Epicurus
  • #1,237
  • Edited Jan 30, 2020 12:05am Jan 29, 2020 11:37pm | Edited Jan 30, 2020 12:05am
Quoting sponge
How I see the Pro's storyboard so far Of course I could be wrong but I love a good story ha {image}
No happy ending for the bulls, 28512 poss support, target below 28422

EDIT
upside targ 28592 I think the market could still test this price, 512 still key for now
All charts/ideas based on UK time zone
  • #1,238
  • Jan 30, 2020 12:39am Jan 30, 2020 12:39am
Quoting Ef5
I was interested to see Mark Minervini (one of Schwager's Market Wizards) went short the S&P: https://twitter.com/markminervini/st...30776547414016 He had been bullish for a long time so I was surprised to see him take a short position. It sounds like it's more about just being a very good risk:reward set up so something to think about.
I would think a lot of people have lost a lot of pips shorting the US indices, of course it may well have hit the elusive top but who knows.

Check out the symmetry on the Dow from yesterday (sb charts)
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All charts/ideas based on UK time zone
  • #1,239
  • Jan 31, 2020 1:54am Jan 31, 2020 1:54am
Long DAX 5 min band play
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persistence and determination alone are omnipotent
  • #1,240
  • Jan 31, 2020 2:07am Jan 31, 2020 2:07am
Quoting Ll1979
Long DAX 5 min band play {image}
Added some more
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persistence and determination alone are omnipotent
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