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  • #1,241
  • Jan 31, 2020 5:18am Jan 31, 2020 5:18am
Quoting Ll1979
{quote} Welcome Emma30 {image}
Thanks very much
  • #1,242
  • Jan 31, 2020 5:24am Jan 31, 2020 5:24am
Quoting detector
{quote} Hello Emma and as Li said, welcome to the thread, are you still holding GBP/USD, my posted entry was a little early however caught up and would have been a good catch, hope you enjoy the thread, D
Hello detector, yes i hold my position the whole day that day...
Yes i enjoy the thread, i didnt come back here because i realise that my posts werent published automatically, but now i think they are
  • #1,243
  • Jan 31, 2020 8:55am Jan 31, 2020 8:55am
I've got 28592 as a yearly cycle (sponge cycle) so I'm thinking possible bear matket below
All charts/ideas based on UK time zone
  • #1,244
  • Jan 31, 2020 10:56am Jan 31, 2020 10:56am
Quoting sponge
{quote} 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
A fair old push down today, testing 28422 support level atm

This thread is very quiet
All charts/ideas based on UK time zone
  • #1,245
  • Jan 31, 2020 12:23pm Jan 31, 2020 12:23pm
Quoting sponge
{quote} A fair old push down today, testing 28422 support level atm This thread is very quiet
Sorry Sponge haven't much spare time today

Current levels (fib 138) might bring some support
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persistence and determination alone are omnipotent
  • #1,246
  • Jan 31, 2020 4:27pm Jan 31, 2020 4:27pm
It looks too early to buy the dip judging by a volatility indicator I use:

Attached Image (click to enlarge)
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A reading of .1 has historically been a pretty good time to buy and we're still under 0.
Self-sufficiency is the greatest of all wealth. - Epicurus
  • #1,247
  • Feb 1, 2020 3:06am Feb 1, 2020 3:06am
Quoting Ef5
It looks too early to buy the dip judging by a volatility indicator I use: {image} A reading of .1 has historically been a pretty good time to buy and we're still under 0.
According to Barcharts S&P has a fair push of volume for the first month of Q1, Jan candle looks bearish too

I expected limited upside around 3331 with support at 3266 but it now looks like further downside, looking for support 3224, 3199 poss target 3160.

My timing tool gives dates to watch 3/11 Feb.
Attached Image (click to enlarge)
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All charts/ideas based on UK time zone
  • #1,248
  • Feb 1, 2020 2:25pm Feb 1, 2020 2:25pm
Hello all, hope your well, seems the Dow took a hammering on Friday, did manage a few sheckles, had a better target in mind but took my opportunity when I did, you just never know, it was only a matter of time the coronavirus would have an effect on the markets, hopefully the Illuminati find a cure then normal service will resume, we can only but pray for those affected, hopefully it will be contained, eradicated and wish a speedy recovery, see you all on the battlefield, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,249
  • Feb 1, 2020 2:30pm Feb 1, 2020 2:30pm
Quoting Emma30
{quote} Hello detector, yes i hold my position the whole day that day... Yes i enjoy the thread, i didnt come back here because i realise that my posts werent published automatically, but now i think they are
Hello Emma, pleased to see you back and pleased you like the thread, possibly your posts may have gone through the "monitored" stage, it happens to us all at the start until your verified as a genuine poster, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,250
  • Feb 1, 2020 2:41pm Feb 1, 2020 2:41pm
Quoting Ll1979
{quote} Added some more {image}
Hi Li, how did it fair, noticed the Dow pushed through but now on elastic, would be surprised a snap back Monday, still early days but once this virus is sorted there will be a mad rush IMHO only, gold never reacted as I would have thought,have 1670 as a topout or a break of 1560 to fail, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,251
  • Feb 3, 2020 1:08am Feb 3, 2020 1:08am
Quoting detector
{quote} Hi Li, how did it fair, noticed the Dow pushed through but now on elastic, would be surprised a snap back Monday, still early days but once this virus is sorted there will be a mad rush IMHO only, gold never reacted as I would have thought,have 1670 as a topout or a break of 1560 to fail, D
Did a couple of long that day on the dax took some losses
persistence and determination alone are omnipotent
  • #1,252
  • Feb 3, 2020 1:25am Feb 3, 2020 1:25am
shorting copper
Attached Image
persistence and determination alone are omnipotent
  • #1,253
  • Feb 3, 2020 1:30am Feb 3, 2020 1:30am
Quoting Ll1979
shorting copper {image}
quick $100 trade
Attached Image
persistence and determination alone are omnipotent
  • #1,254
  • Feb 3, 2020 5:32pm Feb 3, 2020 5:32pm
Quoting sponge
{quote} According to Barcharts S&P has a fair push of volume for the first month of Q1, Jan candle looks bearish too I expected limited upside around 3331 with support at 3266 but it now looks like further downside, looking for support 3224, 3199 poss target 3160. My timing tool gives dates to watch 3/11 Feb. {image}
It feels to me like we'd need this correction to last longer. Its only been 11 trading days since we were at all time highs and the VIX hasn't even hit 20.

I checked my all my economic indicators last night and long still looks like the correct side to be on long-term. This should change sometime soon though, a lot of indicators are looking bearish at this point. One I'm watching closely is unemployment claims, if that starts ticking higher I'm out. Right now though, I'm just going to ride this out and plan on a strategy for the coming bear market.
Self-sufficiency is the greatest of all wealth. - Epicurus
  • #1,255
  • Feb 4, 2020 1:17am Feb 4, 2020 1:17am
Quoting Ef5
{quote} It feels to me like we'd need this correction to last longer. Its only been 11 trading days since we were at all time highs and the VIX hasn't even hit 20. I checked my all my economic indicators last night and long still looks like the correct side to be on long-term. This should change sometime soon though, a lot of indicators are looking bearish at this point. One I'm watching closely is unemployment claims, if that starts ticking higher I'm out. Right now though, I'm just going to ride this out and plan on a strategy for the coming bear...
Yes it's a bit early for the quarterly view.

I have a cycle level at Dow 28592 which is being tested at the moment, if it holds I think we are heading north again.

Barcharts Dow chart is similar showing heavy volume for Jan.
Attached Image (click to enlarge)
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All charts/ideas based on UK time zone
  • #1,256
  • Feb 4, 2020 12:04pm Feb 4, 2020 12:04pm
Guys, specially the one from UK.. any ideas what might happen now post-brexit? Will brokers exploit this EU nonsense of 30:1 limit?
Anything possible now, the question is who will get smarter first... Till then, I prefer to be hedged Also, can someone explain to me what profits are completely tax-free in UK.. spread-betting for natural persons, which markets? Also, to be some on-topic... I think some are confusing seasonality drop to some other things but anyway, I believe we might be in BUY opportunity by end of this month, specially after this "health" topic will be much clearer... TBA
Can you afford to take that chance?
  • #1,257
  • Feb 5, 2020 2:31am Feb 5, 2020 2:31am
Quoting auricforecas
Guys, specially the one from UK.. any ideas what might happen now post-brexit? Will brokers exploit this EU nonsense of 30:1 limit? Anything possible now, the question is who will get smarter first... Till then, I prefer to be hedged Also, can someone explain to me what profits are completely tax-free in UK.. spread-betting for natural persons, which markets? Also, to be some on-topic... I think some are confusing seasonality drop to some other things but anyway, I believe we might be in BUY opportunity by end of this month, specially after...
Hi, I'm a small player so tax free for me but if trading is your main income then I think tax would be payable. Some folks say the spread and charges outweigh the tax advantage.

Mostly all markets are available, Indices, Forex, Oil, Gold etc.

https://www.financial-spread-betting.com/Tax-free.html
All charts/ideas based on UK time zone
  • #1,258
  • Edited 3:55am Feb 5, 2020 3:30am | Edited 3:55am
A substantial change in volume for January but it doesn't look like selling vol atm?

Another all time high on the cards or a bull trap?

https://www.bbc.co.uk/news/world-us-canada-51381625
All charts/ideas based on UK time zone
  • #1,259
  • Feb 5, 2020 10:41am Feb 5, 2020 10:41am
Quoting sponge
{quote} Hi, I'm a small player so tax free for me but if trading is your main income then I think tax would be payable. Some folks say the spread and charges outweigh the tax advantage. Mostly all markets are available, Indices, Forex, Oil, Gold etc. https://www.financial-spread-betting.com/Tax-free.html
If I understood from the link you provided, it does not matter if you are small or big player as long as you stay private (natural) person, you could earn millions and not pay anything (assuming one have/establishes some small payment via company, just to have it)? Also I see that this only for SPOT trading since UK regards it as gambling, so it is TAX free AND also you do not have to report at all, in annual income etc, or do you have to?

Of course some would set-up company to have income over it as the link suggests as it would appear some base company would be needed, to have income over it and then one is not considered professional gambler? I mean it is funny they bring this (gambling, trading) together, by law
Can you afford to take that chance?
  • #1,260
  • Feb 5, 2020 12:58pm Feb 5, 2020 12:58pm
Quoting sponge
A substantial change in volume for January but it doesn't look like selling vol atm? Another all time high on the cards or a bull trap? https://www.bbc.co.uk/news/world-us-canada-51381625
28400/29700 looking likely ?

We still need S&P over 3331
All charts/ideas based on UK time zone
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