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Sure, I grant that any trader would probably have other risk management measures and not just wait in the headlights for the 20/50 cross. Which is why I got out of my US indices longs on 30/01, though the dead cross wasn't until 19/03. I've had no US indices long positions since 01/03 (found on...

Classic!

If you want to learn about trading, you should trade. Are trading jobs any good? - Are the traders well paid, are they treated well, do they get a nice office, is it interesting work, are the employers really nice?

Property is not held by the individual on licence or by the consent of the state. The property is theirs and theirs alone, and, subject to taxation, they are able to use it or dispose of it in life or after death as they see fit. The value to society of these decisions is irrelevant.

Soros has been a big financial contributor to the anti-Brexit campaign in the UK, to the tune of at least £400,000, following the Brexit referendum result. Which is all a bit troubling, regardless of whether you support Brexit or not, as he's not even a British citizen.

But my observation about Felix stands. All due respect to him and his gut, but he surely cannot seriously expect us to believe he holds until his bowels tell him to sell? Suggesting he holds equities long without an objective exit plan like he's some sort of guru is just disingenuous.

I suggest the close + 20EMA below the 50EMA as an exit signal, but please don't take it that I recommend using the reverse as a buy signal. Because I most definitely do not. I'm looking at the S&P for 2007-9. The S&P printed exit signals for equity holders in March and July 2007 when the 20...

Sorry, I haven't seen your post on 1987. The 1987 featured Black Monday, which printed a 22% fall in the Dow, the worst single day's performance by the index since 1900. The 20EMA crossed and closed below the 50 one week earlier, on the 12th. But warning lights had been in evidence since August...

I don't know, but as getting out and getting in again should not be not expensive it seems a low-cost way to avoid the majority of the most damaging market episodes like the series I mentioned. Surely, everyone has some sort of scenario in their minds which would make them get into cash form...

The simple rule would have got the trader out of US equities before 16 of the 20 largest single-day falls in the Dow since 1900 - sell when price and the 20EMA close below the 50EMA. This would have included the worst single day crash and the subsequent bear markets in 1929, 1987 and 2007...

Your main point is ludicrous. so yes I am ignoring it.

Its not for the state to take the moral ground on who deserves to inherit what and why. If the estate was legally got, it is the property of the parents and theirs to will where and how they wish. By the way, we do still have monarchies, but in most cases only by democratic consent.

Yes, the EMA's did not signal in advance of the big drop this year but they will do 3 times out of 4. That's good enough to take note when it happens. Of course, additional "normal" risk management rules still apply. I find from my log that I was stopped out by a trailing stop on 6 full-size...

These would be mandatory features on the chart before I considered going long but I'd prefer to wait until a long-term trend of some additional strength and consistency has built up on all the US indices. Until then I'm using the funds in trend-following forex trades.

I don't predict, I only react. I am therefore in cash as far as the US indices are concerned.

It is not for the state to decide who morally deserves what they have legally got. The state is bound to uphold the general rules of law and possession. People who have very little assets do not morally deserve to have more. However, the state is morally obliged to help them remain fed...

"Gut feeling" my arse. Felix and these other guys saw the same chart in October 87 as all of us. I'm just a simple bloke from up north but I've said before - when price and the 20EMA close below the 50, get out. Have a look at the Dow for October 1987 and you'll see that calling the crash after...

Start wide. You won't always know which trade is going to be the real winner this week or this month so you don't want to miss it through some unconscious bias for a given trade. But when it shows as a winner, go deep: you have to win big when you win.

For me the Dow sell signal came when it closed below the 50EMA on 05/02. This obvious feature usually suggests the probability of further falls is greater than the probability of further rises.

Trading is any short-term speculation on financial markets behaviour that has the potential to lead to profits. No part of trading involves sitting on a high horse and dictating what is and what is not trading.