Market is breaking out....

Turveyd · Mar 31, 2020

YM failed to break 22750 area for 4 days, technically in an uptrend, but I suspect 18500 will come before 2500.

Normal kinda days range, nice to see any kind of normal these days!!

ironchef · Mar 31, 2020

monet said:
We're at the beginning of a significant recession.

We'll see new lows in the coming weeks.

But some of you told me the market is a leading indicator, not a lagging indicator?

FriskyCat · Mar 31, 2020

Clubber Lang said:
Actually it’s 2 million in paper profits and 2 million in realized losses
The only thing in his bag is an overinflated undeserved ego.

It's as if a swarm of these clowns descended on this site in the past month. They can't even keep their psychosis contained to one thread. A new thread every few hours for their brain droppings.

monet · Mar 31, 2020

ironchef said:
But some of you told me the market is a leading indicator, not a lagging indicator?

Not some of me. Based on history, anything can lead: speculation, surprise events, politics, market maker manipulation, greed, fear, insider trading, broken algorithms, central banks, economics, badly drawn technical analysis, tweets, ...

The market hasn't yet entirely realised the gravity of the situation: we're still on the way down.

RedDuke · Mar 31, 2020

monet said:
Not some of me. Based on history, anything can lead: speculation, surprise events, politics, market maker manipulation, greed, fear, insider trading, broken algorithms, central banks, economics, badly drawn technical analysis, tweets, ...

The market hasn't yet entirely realised the gravity of the situation: we're still on the way down.

Agree, the odds of way down is very high.

Option_Attack · Mar 31, 2020

You can do a lot with this and it is a reasonable price: https://www.amibroker.com/

Some things to try in this book:

ironchef said:
What skills do I need to trade stats and algos? I am tired of staring at charts and market all day. I can code VBA excel but nothing else.

Thanks.

maxinger · Mar 31, 2020

greeneveryday said:
Everyday green..... Shorts get burnt... I love it.

And Market may break in later.

Everyday is a good trading day.

Those who only longs get burnt.

So always trade, and
trade based on what you see on the charts.

ironchef · Mar 31, 2020

Option_Attack said:
You can do a lot with this and it is a reasonable price: https://www.amibroker.com/

Some things to try in this book:

Thank you. I will take a look.

JesseJamesFinn1 · Mar 31, 2020

FriskyCat said:
It's as if a swarm of these clowns descended on this site in the past month. They can't even keep their psychosis contained to one thread. A new thread every few hours for their brain droppings.

People are not able to bet at the Casinos or Sports so their opening brokerage accounts. Your competition is a bunch of bored gamblers, that's something any trader should be thanking God for!

volpri · Mar 31, 2020

Clubber Lang said:
Actually it’s 2 million in paper profits and 2 million in realized losses
The only thing in his bag is an overinflated undeserved ego.

Oh Ok I was being generous. Nevertheless, I do think he is correct. Once this is over the market is going to roar back very quickly into new ATH’s. I just don’t know how he keeps holding and adding to his positions.