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  • #621
  • Mar 16, 2020 10:54am Mar 16, 2020 10:54am
Quoting sponge
{quote} Back to 21700, bulls need to break this level imo

Sponge.

its going down mate. Get with the program & make w few quid to soften your pension blow.

the worst / best is yet to come .
Que Sera
  • #622
  • Mar 16, 2020 11:48am Mar 16, 2020 11:48am
Agree on the fact that it's most likely going to test session lows today at some point.

Range I see is 21,000 to 21600. It's struggling to get up and above the "lid" as I call it. Sideways since 9am. Sitting right ON the VWAP right now.

If I short here, I'd have a 260 pt stoploss. I don't think I'll take this short for now, as I am up nicely now for the day in terms of P/L.
  • #623
  • Mar 16, 2020 1:07pm Mar 16, 2020 1:07pm
Quoting Catempire
{quote} Sponge. its going down mate. Get with the program & make w few quid to soften your pension blow. the worst / best is yet to come .
Catempire, you seem take a longer term view how much draw would you tolerate?
All charts/ideas based on UK time zone
  • #624
  • Mar 16, 2020 1:47pm Mar 16, 2020 1:47pm
Quoting sponge
{quote} Catempire, you seem take a longer term view how much draw would you tolerate?
Sponge tbh with you until recently I hadn’t traded cfd / spreadbet in around 18 months. I’ve always had a knack for picking tips and bottoms over a longer timeframe tho & that’s about the size of it. End of jan after that initial drop my mate pointed at of, saying time to sell, I looked in, said not yet it’ll go back up first (it did) and then knew time was nigh.

i loaded up on various puts at insane prices & took some shorts, covered by the puts irrelevant on what happens and trading the shorts.

when this mission is complete I’ll be looking at trading full time again, but, over a longer timeframe, 4h / D1 / weekly candle sorta style as for me the moves are rarer but far more obvious with a far better risk reward and far more profitable.

they also suit my lifestyle.

so in regard to your question I don’t really have an answer and believe it’s all relative....
Que Sera
  • #625
  • Mar 16, 2020 2:12pm Mar 16, 2020 2:12pm
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  • #626
  • Mar 17, 2020 12:46am Mar 17, 2020 12:46am
Quoting Catempire
{quote} i loaded up on various puts at insane prices & took some shorts, covered by the puts....
Dude, you'll be swimming in profit from those Puts soon! Good work. Options are really fun for me and I still have much to learn. The rewards are great when you're right. I trippled my money on some CGC calls back in December. Hard to pull that off each month though.

I trade against D1 The Clown everyday and it's paying off. Just futures trades alone it's paying off, not even including my options or ETF/stocks.
Now I get 3 months of account building since my bills are paid up! Time to build a Pyramid to the top.

Being able to scalp both directions and being flexible/admit when you are wrong really pays off.
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  • #627
  • Mar 17, 2020 12:18pm Mar 17, 2020 12:18pm
Helicopter money

And still it drops

i wonder if the bulls have got the picture yet lol
Que Sera
  • #628
  • Mar 17, 2020 1:03pm Mar 17, 2020 1:03pm
Quoting Catempire
Helicopter money And still it drops i wonder if the bulls have got the picture yet lol
Hi Catempire, we have some big measures from the UK gov today what's your thoughts ?
All charts/ideas based on UK time zone
  • #629
  • Mar 17, 2020 1:17pm Mar 17, 2020 1:17pm
Quoting sponge
{quote} Hi Catempire, we have some big measures from the UK gov today what's your thoughts ?
I don’t think it will make an ounce of difference longer than today mate.

The damage being caused is far beyond anything capatilisum and the cb’s can control.

These are dark times, I see every country is looking for mass burial sites. Heavy stuff.
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  • #630
  • Mar 17, 2020 1:20pm Mar 17, 2020 1:20pm
These measures are to create enough liquidity & hold it up long enough to be sold into.

when all this is over the market will look incredibly different.
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  • #631
  • Mar 17, 2020 2:57pm Mar 17, 2020 2:57pm
Sponge.

At the rate the feds measures make no difference, and the psychology changes, people won’t take their debt seriously.



have to admit that is pretty damn funny.

fucking morons.
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  • #632
  • Mar 17, 2020 2:58pm Mar 17, 2020 2:58pm
Quoting 133usd
{quote} Dude, you'll be swimming in profit from those Puts soon! Good work. Options are really fun for me and I still have much to learn. The rewards are great when you're right. I trippled my money on some CGC calls back in December. Hard to pull that off each month though. I trade against D1 The Clown everyday and it's paying off. Just futures trades alone it's paying off, not even including my options or ETF/stocks. Now I get 3 months of account building since my bills are paid up! Time to build a Pyramid to the top. Being able to scalp both...
123 good to hear you are doing well.

its not an easy game.

hope you manage to keep it working for you as opposed to the other way around.

Que Sera
  • #633
  • Mar 17, 2020 6:09pm Mar 17, 2020 6:09pm
It’s official.

the fed have lost all power.
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  • #634
  • Mar 17, 2020 6:19pm Mar 17, 2020 6:19pm
The cow has been layed to slaughter.

& we caught the top by 3 points.

job done.
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  • #635
  • Mar 18, 2020 5:46am Mar 18, 2020 5:46am
Like a good horror story ?

http://www.amanita.at/docs/open/newsletter-e.pdf
All charts/ideas based on UK time zone
  • #636
  • Mar 19, 2020 1:34pm Mar 19, 2020 1:34pm
20371 ......white fingers
All charts/ideas based on UK time zone
  • #637
  • Mar 22, 2020 8:06pm Mar 22, 2020 8:06pm
America is...............

Fucked.

within the next 6 weeks.

US dollar will have collapsed (I think sooner than that tbh)

they are staring serious hyperinflation in the face.

The fed are so desperate atm.

some tasty looking EU & GU calls to be had for anyone with a bit of foresight !

I see D1’s page has changed its tune lol.

did say beginning of feb their charts would start telling them to sell once it was already 4000 points down.

Viva.
Que Sera
  • #638
  • Mar 23, 2020 9:18am Mar 23, 2020 9:18am
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All charts/ideas based on UK time zone
  • #639
  • Mar 23, 2020 2:54pm Mar 23, 2020 2:54pm
Quoting Catempire
America is............... Fucked. within the next 6 weeks. US dollar will have collapsed (I think sooner than that tbh) they are staring serious hyperinflation in the face. The fed are so desperate atm. some tasty looking EU & GU calls to be had for anyone with a bit of foresight ! I see D1’s page has changed its tune lol. did say beginning of feb their charts would start telling them to sell once it was already 4000 points down. Viva.

Yup I remember your short call back in Feb to D1, as he was losing $4 mil. But yeah we got banned, go figure, because some people can't handle the truth.
I'm here for the community. Different ideas and positions are great.
No reason to ban someone for trading against you!

At Dow 16k I am a long-term buyer. 20 year hold period from Dow 16k/15k.

As for my scalps, I've scalped both sides pretty well lately.
Today I was done by 10am, lots of small scalps, then called it quits once I had target profit.
By hitting a daily profit target and quitting, I am literally about to double my account.
By stopping at daily profit, I seem to be tilting the odds into my favor, by not giving back any profit.

The situation in the USA will be getting WORSE, definitely. Very disappointed in the law makers failing to pass the stimulus. I come from the idea of "take care of one's self and rely on nobody else, and you will survive"...I am not waiting for a stimulus check, I am grinding out daily profit and not stopping.
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  • #640
  • Mar 29, 2020 6:03am Mar 29, 2020 6:03am
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