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The Swamp

  • #56,741
  • Mar 19, 2020 3:17pm Mar 19, 2020 3:17pm
Quoting M3csl
Had a day off, just checked markets, wow, I can’t believe USD is excelling now, of all times! Just wow!
Are you going to sell it? braver than me mate.
  • #56,742
  • Mar 19, 2020 3:24pm Mar 19, 2020 3:24pm
GU 1.14 !
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #56,743
  • Mar 19, 2020 3:25pm Mar 19, 2020 3:25pm
Quoting DMA Trader
GU 1.14 !
I know right, toilet paper going to cost more soon.
  • #56,744
  • Mar 19, 2020 3:31pm Mar 19, 2020 3:31pm
Quoting beszle
{quote} I know right, toilet paper going to cost more soon.
well, ' i've seen some crashes on GU over the years but see how it trades against most of the currency's is strange
we had a print of 0.95 E/G
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #56,745
  • Mar 19, 2020 3:38pm Mar 19, 2020 3:38pm
Quoting DMA Trader
{quote} well, ' i've seen some crashes on GU over the years but see how it trades against most of the currency's is strange we had a print of 0.95 E/G
I'm looking at that for sure!
  • #56,746
  • Mar 19, 2020 3:56pm Mar 19, 2020 3:56pm
Quoting kasper
{quote} Is it testing? Your chart shows it as already down
when testing , count 1.. once tomorrow NY closes less than 1.0866, that 1.1263 stop will stay,
  • #56,747
  • Mar 19, 2020 4:01pm Mar 19, 2020 4:01pm
can't short at this levels. can't go long
1.074 would be some good resistance to short. but shorting to parity ... ?

even on a big panic of 200-300 i would not go long so looking for other trades

i feel more confident in shorting nzd or aud then eur/ right now. maybe i am wrong
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #56,748
  • Mar 19, 2020 4:02pm Mar 19, 2020 4:02pm
i've shorted WTI - strange to see keeps going up ..
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #56,749
  • Mar 19, 2020 4:03pm Mar 19, 2020 4:03pm
Richard Burr, Chair of the Senate Intelligence Committee, who was constantly briefed on the emerging threat from COVID-19, dumped $1.6 million in stock while spouting the line that everything was fine and dandy. This will do a lot to reassure people that their government is looking out for them.
Follow the money --Mark Felt (Deepthroat)
  • #56,750
  • Mar 19, 2020 4:05pm Mar 19, 2020 4:05pm
getting closer to 103.7 high on USX in 2016
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #56,751
  • Mar 19, 2020 4:11pm Mar 19, 2020 4:11pm
DOW -500
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #56,752
  • Mar 19, 2020 4:13pm Mar 19, 2020 4:13pm
Quoting DMA Trader
getting closer to 103.7 high on USX in 2016
2001 USX was near 120. ... so .. ..
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #56,753
  • Mar 19, 2020 4:36pm Mar 19, 2020 4:36pm
Well said.. that is why I try to flat my positions by the end of day or keep very minimum position overnight.. during this crazy time... ,,
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  • #56,754
  • Mar 19, 2020 4:59pm Mar 19, 2020 4:59pm
Mainland china reports 39 new confirmed cases of coronavirus on march 19 vs 34 on march 18 -- reports that all 39 new cases were imported
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #56,755
  • Mar 19, 2020 4:59pm Mar 19, 2020 4:59pm
Quoting Boulder
Well said.. that is why I try to flat my positions by the end of day or keep very minimum position overnight.. during this crazy time... ,, {image}
very good point.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #56,756
  • Mar 19, 2020 5:11pm Mar 19, 2020 5:11pm
close a lot of positions took some loses even on gold.
equity had a record yesterday and then slowly going down . moving money again from account some of them in investments since i see panic agaom
some of them out of trading/investment.

I've had this kind of trading before reaching highs and then bad days next
I was uncomfortable all day.

no position left in any accounts. starting again - i will also use stops a few days, i don't feel the market ok

i was trying to see if it goes against me how i will trade. so just closed everything. - maybe it's because i'm tired. i have no idea.
i just expect market to do crazy staff again and don't want to lose profits.

Until i feel confident again i will go

1 - small position low leverage
2 - not adding to a trade that I've already did and it's going against
3 - will try to take money out every week, everything i make above current level.
4 - I usually don't trade with stops since position are not big. at this point I feel that market can crash and i will lose the profits i've made - haven't experience this feeling before - could also be fatigue.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #56,757
  • Mar 19, 2020 5:26pm Mar 19, 2020 5:26pm
With over 10k virus cases in the US, we are at the point on the curve now where the slope really starts to climb, typically. I see things like cases doubling every three days and I don't know if that's right, but at any rate, the run from 10k to 100k cases and then to 1 million will probably occur at shocking speed.

As that progression is occurring, we will probably see more hardcore suppression measures, including mandatory self quarantines, curfews, closures of everything, limits on travel, checkpoints with Natl Guard patrols, etc etc...

I really hope I am wrong.

I just wonder when they will close the banks and the exchanges. Yes that means we won't be able to trade....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #56,758
  • Mar 19, 2020 5:32pm Mar 19, 2020 5:32pm
shutdown....
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Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #56,759
  • Mar 19, 2020 5:34pm Mar 19, 2020 5:34pm
Quoting longfellow
Richard Burr, Chair of the Senate Intelligence Committee, who was constantly briefed on the emerging threat from COVID-19, dumped $1.6 million in stock while spouting the line that everything was fine and dandy. This will do a lot to reassure people that their government is looking out for them.
turning on the light, scatters the roaches.
those who can, do. those who cant, talk about those who can
  • #56,760
  • Mar 19, 2020 5:34pm Mar 19, 2020 5:34pm
Quoting The Fool
With over 10k virus cases in the US, we are at the point on the curve now where the slope really starts to climb, typically. I see things like cases doubling every three days and I don't know if that's right, but at any rate, the run from 10k to 100k cases and then to 1 million will probably occur at shocking speed. As that progression is occurring, we will probably see more hardcore suppression measures, including mandatory self quarantines, curfews, closures of everything, limits on travel, checkpoints with Natl Guard patrols, etc etc... I really...
No you're not wrong mate, that was in hindsight what pulled me out of indices a couple of days ago when Boris did a u turn and shit himself (or should I say stoped scaling in). I have a business that runs on 500 enquiries a month (domestic) in London, I'm down to a handful a day here...sure it's short term for me but the guys that work for me are contractors, I am not sure how they are going to ride this out. Panic buying food, etc. US is presumably in same frenzy. Bottom coming but I heard 'rumours' my kids are off school 6 months - that would bankrupt most families....I think a bet of a lifetime is coming, just it might be we can buy these amazing brands for much lower...

I think markets don't close because we are seeing Italian model play out a month ahead of us. Ban on short selling inevitable I would think too.
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