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The Swamp

  • #57,241
  • Mar 22, 2020 11:25pm Mar 22, 2020 11:25pm
Morning

EU run to 1.078 ? also got 930 in the cards.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #57,242
  • Mar 22, 2020 11:32pm Mar 22, 2020 11:32pm
i took sell here.
  • #57,243
  • Mar 22, 2020 11:34pm Mar 22, 2020 11:34pm
if you don't obey the lockdown
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don't predict direction, but dance with flow of water
  • #57,244
  • Mar 23, 2020 12:03am Mar 23, 2020 12:03am
Quoting priceaction1
if you don't obey the lockdown {image}
Without toilet paper its a crime..

On another note, I see the markets going long vs USD short back, to last weeks open.
  • #57,245
  • Mar 23, 2020 12:23am Mar 23, 2020 12:23am
Quoting Pip-loser
{quote} Pending Second Short At 1:0740 Cancelled Manually Triggered Second Short 100,000 Units At 1:0715 First Short Still Holding 100,001 Units At 1:0654 Targets Below To Look Out For 1:0580, Then 1:0500, Then 1:0340 I Am Novice Trader
Still Holding
Will Not Add Higher


Cancelled Membership, Accused By FF Member(i'll Be Back) of Being A Con Man
  • #57,246
  • Mar 23, 2020 12:37am Mar 23, 2020 12:37am
Quoting DMA Trader
out perfect start {image}
some longs on SP500 from limit down
some short after closing longs

another eur. still short from below on EU left
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Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #57,247
  • Mar 23, 2020 12:42am Mar 23, 2020 12:42am
Quoting Pip-loser
{quote} Still Holding Will Not Add Higher
if it gets below 0715 then 0706 (support). Its probably going to settle lower after. London coming in 19 min. In 20 min we should get some direction
those who can, do. those who cant, talk about those who can
  • #57,248
  • Mar 23, 2020 12:43am Mar 23, 2020 12:43am
Quoting gatorinla
{quote} if it get below 0715 then 0706. Its probably going to settle lower after. London coming in 19 min
715 is the line in the sand. below that 1h close - panic
could also stop here and go up

imp level
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #57,249
  • Mar 23, 2020 12:44am Mar 23, 2020 12:44am
hope we break lower!
  • #57,250
  • Mar 23, 2020 12:45am Mar 23, 2020 12:45am
Quoting Pip-loser
{quote} Still Holding Will Not Add Higher
H4 Chart Say Bears Are In Control
I Am Training To Be A Position Trader

I Continue To Learn Patience

Cancelled Membership, Accused By FF Member(i'll Be Back) of Being A Con Man
  • #57,251
  • Mar 23, 2020 12:51am Mar 23, 2020 12:51am
Quoting DMA Trader
{quote} some longs on SP500 from limit down some short after closing longs another eur. still short from below on EU left {image}
i am buying again on ESF or SPX if we get to limit down
close to 2190

EU closing below 1.0715 on 1h can test the lows again
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #57,252
  • Mar 23, 2020 12:58am Mar 23, 2020 12:58am
Quoting DMA Trader
{quote} 715 is the line in the sand. below that 1h close - panic could also stop here and go up imp level
That would be nice.
those who can, do. those who cant, talk about those who can
  • #57,253
  • Mar 23, 2020 12:59am Mar 23, 2020 12:59am
equities will rally a bit if Congress passes the stimulus bill. But it will be a tough week for virus news - NYC alone could go over 25,000 cases this week, and they are not testing you unless you're really sick...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #57,254
  • Mar 23, 2020 1:02am Mar 23, 2020 1:02am
Quoting The Fool
equities will rally a bit if Congress passes the stimulus bill. But it will be a tough week for virus news - NYC alone could go over 25,000 cases this week, and they are not testing you unless you're really sick...

imho for a while we are at bottom or very close to bottom.
if history is a guide huge rally coming.
then will depend on economic and progress of corona

i would look into italy yesterday was 1st day that we did not see another record on cases and d.
we need to see some progress there to be able to make some timing on what will be USA
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #57,255
  • Mar 23, 2020 1:10am Mar 23, 2020 1:10am
Quoting gatorinla
{quote} if it gets below 0715 then 0706 (support). Its probably going to settle lower after. London coming in 19 min. In 20 min we should get some direction
Agreed.

Sorry For Delayed Response Didn't See Your Post
Cancelled Membership, Accused By FF Member(i'll Be Back) of Being A Con Man
  • #57,256
  • Mar 23, 2020 1:13am Mar 23, 2020 1:13am
Quoting Pip-loser
{quote} Agreed. Sorry For Delayed Response Didn't See Your Post
A Fifth Test Of The Monthly Support Line At 1:06548 Could Be Coming Up
Cancelled Membership, Accused By FF Member(i'll Be Back) of Being A Con Man
  • #57,257
  • Mar 23, 2020 1:15am Mar 23, 2020 1:15am
Quoting gatorinla
{quote} That would be nice.
1h was below. now test and down ? or just down
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #57,258
  • Mar 23, 2020 1:15am Mar 23, 2020 1:15am
Quoting DMA Trader
imho for a while we are at bottom or very close to bottom. if history is a guide huge rally coming. then will depend on economic and progress of corona i would look into italy yesterday was 1st day that we did not see another record on cases and d. we need to see some progress there to be able to make some timing on what will be USA
maybe close, nice round target @ 2,000. Steep rally maybe also, but when that occurs is the big question.

I am getting into SPY and SPX call spreads with expiries from Apr out to Dec31. It will pay to have something riding on the rally, so I am shotgunning it...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #57,259
  • Mar 23, 2020 1:19am Mar 23, 2020 1:19am
Quoting DMA Trader
{quote} imho for a while we are at bottom or very close to bottom. if history is a guide huge rally coming. then will depend on economic and progress of corona i would look into italy yesterday was 1st day that we did not see another record on cases and d. we need to see some progress there to be able to make some timing on what will be USA
A bear market has some of the best bounces. Equities are priced for future earnings. If corona goes on longer than market thinks. Another leg down would happen. After 11 years of straight up. 50% wouldn't be out the question. More so with corona outcome unknown. Many have lost their retirement in this drop. Being so close to retiring, they may not be willing to do it again. They were burned in 1987, etc, and so forth. They may have to take the walmart greeter jobs. They may not be unable to finance the economy as much going forward. Its hard to do that, after you lose your retirement savings and your job. They may save more, like they did after 2008. I think a new direction is coming. People are sick of bailing out big business. I think the tide is turning.

After 40 years of the stock market living on the government tit, a real market would be hard to recognize.
those who can, do. those who cant, talk about those who can
  • #57,260
  • Mar 23, 2020 1:26am Mar 23, 2020 1:26am
Quoting gatorinla
{quote} A bear market has some of the best bounces. Equities are priced for future earnings. If corona goes on longer than market thinks. Another leg down would happen. After 11 years of straight up. 50% wouldn't be out the question. More so with corona outcome unknown. Many have lost their retirement in this drop. Being so close to retiring, they may not be willing to do it again. They were burned in 1987, etc, and so forth. They may have to take the walmart greeter jobs. They may not be unable to finance the economy as much going forward. Its...
yeah but this bounce could be like big. and then drop a little bit and we may not touch the low. at least this is my opinion
on others coming back they will not

retail money come back after 2008 in years, and some of the close to the highs. i think they were after 2014/2015 so they already lost it if they did not act

but greed is present in our society. if businesses did not learn anything from 2008 and they can go bankrupt so fast i am sorry but this society doesn't stand a chance.

big and greedy money will be back in no time.

it's funny to hear everywhere that companies will not buy back shares for years maybe 5 - 10 and no dividend.

i think i heard that before
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
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