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The Swamp

  • #6,261
  • Jun 25, 2016 10:01am Jun 25, 2016 10:01am
How bad was it yesterday for any of you that actually traded Thursday and Friday? I have been on the sideline for a few weeks.

I'm just curious... Could you even trade? Or get filled anywhere near a bid?

cheers,

ryder
Back from the dead * ding fries are done *
  • #6,262
  • Jun 25, 2016 10:23am Jun 25, 2016 10:23am
Quoting stylinex
{quote} This time he bought while others were bearish. I was looking to sell the pops but he seemed bullish for a pullback. Perhaps he is right and he may be right if EU intervenes later today or next week. I am curious though as to why someone would be bullish now that bad news was out. I like to look at both views from those that are bearish and bullish.
The DAX long trade on Friday was made 10 minutes after the open at the close of the 2nd M5 bar. The fall in the DAX was an over reaction and unlikely to find immediate traction to push further down. The initial drop was around 1150 points taking it all the way down to Monthly S3 and Weekly S3 levels additionally this is also the 62-76% retrace zone from the bull run from January. These reasons alone made it a long opportunity for me, but because of the volatility you may have noticed that I reduced my normal position size down to 25%.
I closed 50% of the trade for +303 after it failed to clear the weekly pivot (see chart)
Attached Image (click to enlarge)
Click to Enlarge Name: DAX 2016 Jun 24b.PNG Size: 37 KB
  • #6,263
  • Jun 25, 2016 10:31am Jun 25, 2016 10:31am
Quoting Pharm0r
{quote} So what will your country do now? Congrats btw, didn't think you guys would do it- although not all is said and done...
hopefully the politicians will find a backbone and stand up to the EU in negotiating new trade agreement, after all we import far more than we export and the Germans sell half their cars to the UK so there is no reason why we should have to suffer crap terms....
  • #6,264
  • Jun 25, 2016 10:38am Jun 25, 2016 10:38am
Quoting MaxDoom
{quote} hopefully the politicians will find a backbone and stand up to the EU in negotiating new trade agreement, after all we import far more than we export and the Germans sell half their cars to the UK so there is no reason why we should have to suffer crap terms....
hell no, if you chose to take the meat and spit the bones to the EU it wont be easy terms or anything
not only you screwed UK, but also EU. EU needs UK to remain EU and vice versa.

the leave vote is the biggest disgrace in the recent history, people dont understand what they have done yet
When life gives you lemons, make lemonade
  • #6,265
  • Jun 25, 2016 10:49am Jun 25, 2016 10:49am
Quoting Ken A
{quote} Alan Greenspan is ex Federal Reserve chairman. Do you expect him to say anything different if you know what this project EU is all about?
From what I see unfolding is a down summer followed by intervention in the fall to see a small rally or recovery towards the end of this year. What do you see happening?
  • #6,266
  • Jun 25, 2016 10:57am Jun 25, 2016 10:57am
Quoting micho
{quote} hell no, if you chose to take the meat and spit the bones to the EU it wont be easy terms or anything not only you screwed UK, but also EU. EU needs UK to remain EU and vice versa. the leave vote is the biggest disgrace in the recent history, people dont understand what they have done yet
clearly you don't understand what the british people have had to put up with over the last 25 years from this EU, we have taken no meat, it has been all give give give to the EU and it return they tell us what to do.... well no more
  • #6,267
  • Jun 25, 2016 12:02pm Jun 25, 2016 12:02pm
Quoting MaxDoom
{quote} clearly you don't understand what the british people have had to put up with over the last 25 years from this EU, we have taken no meat, it has been all give give give to the EU and it return they tell us what to do.... well no more
ok, lets wait and see what the future holds.
remember we dont live in medieval times anymore, isolated nations will not have a chance unless they are huge nations such as china, usa, india, russia, EU
When life gives you lemons, make lemonade
  • #6,268
  • Jun 25, 2016 12:12pm Jun 25, 2016 12:12pm
Quoting micho
{quote} ok, lets wait and see what the future holds. remember we dont live in medieval times anymore, isolated nations will not have a chance unless they are huge nations such as china, usa, india, russia, EU
hmm...me thinks they have a chance

http://money.cnn.com/news/economy/world_economies_gdp/
  • #6,269
  • Jun 25, 2016 12:19pm Jun 25, 2016 12:19pm
Quoting micho
{quote} ok, lets wait and see what the future holds. remember we dont live in medieval times anymore, isolated nations will not have a chance unless they are huge nations such as china, usa, india, russia, EU
the UK is not some minnow that needs to be run by the EU - our influence in the EU is just about zero, we have reached the point where we cannot even create our own laws on many subjects.... we don't need to be told what to do by a bunch of fat eurcrats who all hate us anyway​
the EU wants everyone in the euro, everyone following their rules and full political integration - the UK does not want that.... how can we be a full member of something that is heading in the complete opposite direction to us.
  • #6,270
  • Jun 25, 2016 12:20pm Jun 25, 2016 12:20pm
Quoting raiders
{quote} hmm...me thinks they have a chance http://money.cnn.com/news/economy/world_economies_gdp/
lets see how much that will become when they exit the EU
also dont check the GDP, check the GDP per capita
When life gives you lemons, make lemonade
  • #6,271
  • Jun 25, 2016 12:32pm Jun 25, 2016 12:32pm
Quoting micho
{quote} lets see how much that will become when they exit the EU also dont check the GDP, check the GDP per capita
well on that basis, staying in and allowing unlimited immigration will destroy our GDP per capita, so obviously the right decision has been made
  • #6,272
  • Jun 25, 2016 12:36pm Jun 25, 2016 12:36pm
Quoting MaxDoom
{quote} well on that basis, staying in and allowing unlimited immigration will destroy our GDP per capita, so obviously the right decision has been made
lol its much more complex than that...
When life gives you lemons, make lemonade
  • #6,273
  • Jun 25, 2016 12:52pm Jun 25, 2016 12:52pm
Quoting micho
{quote} lol its much more complex than that...
is it? cos you just said go check it.....​

what f* me off is all the internet smart arses who are nothing to do with it telling us what a disgrace it is.... and how uneducated those people are that voted for it.... reality check its not a disgrace it is our choice, and out of the +17 million people that voted for it many are highly educated..
  • #6,274
  • Jun 25, 2016 12:53pm Jun 25, 2016 12:53pm
Quoting micho
{quote} ok, lets wait and see what the future holds. remember we dont live in medieval times anymore, isolated nations will not have a chance unless they are huge nations such as china, usa, india, russia, EU

This could not be right. Countries like Norway and Switzerland are living happily and well economically without the EU
  • #6,275
  • Jun 25, 2016 12:58pm Jun 25, 2016 12:58pm
Quoting micho
{quote} lets see how much that will become when they exit the EU also dont check the GDP, check the GDP per capita
http://www.statista.com/statistics/2...dp-per-capita/

hmmm...me thinks they still have a chance
  • #6,276
  • Jun 25, 2016 1:01pm Jun 25, 2016 1:01pm
It might also be new strong trade connections for UK with strong countries as Norway, Switzerland and other countries that also want to leave.
  • #6,277
  • Jun 25, 2016 1:02pm Jun 25, 2016 1:02pm
btw...you know what the most amazing thing about that link i posted is??? Check out the countries at the top of the list.....
  • #6,278
  • Jun 25, 2016 1:03pm Jun 25, 2016 1:03pm
Quoting raiders
{quote} http://www.statista.com/statistics/2...dp-per-capita/ hmmm...me thinks they still have a chance

The 3 top ones are not members of the EU
  • #6,279
  • Jun 25, 2016 1:05pm Jun 25, 2016 1:05pm
Quoting MarianneOslo
{quote} The 3 top ones are not members of the EU
BINGO!!!

Best thing UK has done for themselves in a long time was voting to leave
  • #6,280
  • Jun 25, 2016 1:05pm Jun 25, 2016 1:05pm
Quoting MarianneOslo
{quote} This could not be right. Countries like Norway and Switzerland are living happily and well economically without the EU
to get the deal that norway and switzerland have with EU, there will be sacrifices. it is give and take. not eat the meat and spit the bone.
if uk doesnt get access to the free single market, the GDP will become past.
When life gives you lemons, make lemonade
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