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I see no real opportunity on the daily chart's of the majors. We had a couple of down days a week back but that was more like a roll over drift. No real direction. We are now more or less living in the roll over range but heading on a slight drift upwards. Intra day there is still some action...

ok 1. I do not use them. I take a different view on such things. It is better to manage your drawdown hence the need to hedge. 2. Depends on time frame and volatility 3. Hard one to answer because it depends where and when it goes negative. If you are in low volatility it might be best just to...

Ask any question. For me, you have to be careful hedging short positions as markets tend to rise over time. The way I use it is if I go long and it turns against me, I may take out a hedge waiting for another long signal. When I do get another long, I might take that as well and then close the...

The DAX started to turn over but was again pulled back to my mid. Often happens. Not much of interest happening on the daily but thought I would post the DAX and DJI just to see the comparison. If another major down leg starts, they will all look more or less the same in terms of price action...

It is all a bit of a puzzle but it seems the market makers have a plan.... Maybe?? The upward trend is sitting right on top of my mid line so the upward momentum is not strong but it is still upward. The 29th of march looked interesting but the buy back on the 30th corrected that. Intraday we...

Problem is they are still not sure if it makes you immune to the virus. This thing is still a can of worms.

If the ducks line up you are in an uptrend... for how long I do not know. How far it reaches into my bands is often an indication of how strong the trend will be. We are currently sitting on the blue so medium. More often than not we will sit between the mid and blue and just move up slowly. As...

The DAX continues. If we reach my top purple band tonight/tomorrow it usually means 1 of 2 things. Fast acceleration (has to be reason for it) or more commonly it will pull back inside and track around the blue line. There is always a chance of a reversal back to the mid so we shall see.

Nor am I but the chart above does give us a clue. Usually if we are forming a bottom of sorts you will see all markets mirror each other in terms of their progression. That is not the case yet hence we need to see what happens today/tonight. Monster trades are still to be had intraday. I suspect...

Interesting night on the DAX We have a hook turn on the daily with a cross over so tomorrow might be interesting. Problem is in the current environment a reversal is always a probability. Will have to find out why the market went for a run but a great short term trade :)

Indeed, I always keep an eye on both as you should. When I see something of interest I will post up a chart or 2

Picking a bottom is almost impossible but this is a daily of one of my charts. We are still sitting in bear territory and until we move above the mid (black line) a long on the index would be tough. We may push sideways before a further drop or rise. It will depend on how quickly the effect of...

There might be a possibility that a malaria or ebola drug could knock COVID-19 on its head so we may not need to wait out the immunity cycle. We shall have to watch and see. Trading is tricky atm and the spreads have opened which is annoying. My daily tells me we are moving sideways atm with...

You should watch Joe Rogan interview Michael Osterholm who is an infectious disease expert. In terms of a vaccine, that is quite a while away as there are a multitude of tests it must pass.

It was been a mighty week. When your charts default to 50 and 100 point intervals things are really moving. I hope you had a good week. I have never seen anything like it but if every week was like this.... life would be good!

I went away for a few days and the market turns to hell!! Looks like I missed a few good trades.

That aside, it does not excuse a complete misunderstanding of how trading works and the advantages that leverage brings to us. I also protest to this big brother approach. I also pointed out to them that far more people play pokies (that really should not) and the losses incurred by these people...

It is on page 4 of the document. Market.Supervision.OTC@asic.gov.au For any real trader that reads it you will just pick holes through it. In many sections they are just wrong in terms of trading index cfd's. The example they gave has the person using all of his account $10k to take one...

End of this month so a couple of day left

I use it when needed and it works ok. It does not work well in scalping as the points you are after and time in market is a bit small. Finishing up my response to ASIC... 7 pages in all!! Lucky I cut it down a little :)