This is what a market bottom looks like

[ironchef]

i find it interesting, how everyone is calling me stupid and making fun of me, yet.... It's as if frustrated chimps were taking out their anger on someone.

Anyways i'll refrain from posting idk why, but i just want to share good setups. Won't do so anymore.

Don't be discourage, I liked your March 19th call.

Keep it up.

Cheers.

 

[nillionaire]

And i could go on and on and on.... This market is saturated with new retail traders like it has never been before.

I see this on heavily posted sites like StockTwits with so many people who registered an account within the past 3 months talking about RobinHood lmao.

 

[SunTrader]

short GOLD in times of crisis ???
somebody skipped their trading lessons !
i said to buy gold before it gained 20,000 points

Wow 20,000 points. So it is higher than the Dow?

Guess that sounds like a helluva lot more than 20,000 pennies.

BTW gold doesn't always go up during a crisis. Only need to look back to 9-11 for a prime example.

 

[ionone]

Wow 20,000 points. So it is higher than the Dow?

Guess that sounds like a helluva lot more than 20,000 pennies.

BTW gold doesn't always go up during a crisis. Only need to look back to 9-11 for a prime example.

a point is the smaller value possible of an asset.
so 1 point = 0.01 for XAUUSD
you gotta compare what's comparable (1 of your "point" on EURUSD is huge, but on Gold is really small)

and 9/11 mostly affected USAs, you're not alone in the world , lol

 

[FuturesGosu]

a point is the smaller value possible of an asset.
so 1 point = 0.01 for XAUUSD
you gotta compare what's comparable (1 of your "point" on EURUSD is huge, but on Gold is really small)

and 9/11 mostly affected USAs, you're not alone in the world , lol

I thought points refer to dollar increments? 1 point = 1.00 for crude oil futures or 100 ticks
1 tick or 1 pip for forex should be the smaller value possible for an instrument isn't it?
1 pip = 0.01 for XAUUSD

 

[SunTrader]

a point is the smaller value possible of an asset.
so 1 point = 0.01 for XAUUSD
you gotta compare what's comparable (1 of your "point" on EURUSD is huge, but on Gold is really small)

and 9/11 mostly affected USAs, you're not alone in the world , lol

Gold (CME or LME or even Shanghai) does not trade in a 0.01 point. Forex i.e. XAUUSD does.

And what affects the USA affects the world. Whether YOU believe that or not - the market does.

 

[SunTrader]

So do the smelly fingered bottom pickers realize that the SPX still has only retraced about 50% of the drop so far. Myself being a day trader care less, either way the market goes is fine.

 

[orbit23]

I will be market shorting with big big positions as soon as futures market opens in just more than an hour. Probability-wise, the trade is probably 50-50 or even less, but if right, the payoff is huge. Would hurt to not take the loss

 

[SunTrader]

"Put it all on red".

 

[Overnight]

a point is the smaller value possible of an asset.
so 1 point = 0.01 for XAUUSD
you gotta compare what's comparable (1 of your "point" on EURUSD is huge, but on Gold is really small)

and 9/11 mostly affected USAs, you're not alone in the world , lol

Our world is based on base 10 maths.

A tick or pip is the smallest increment. A point is a whole number.

GC on CME trades in .1 ticks. 1700.0 to 1701.0 is 10 ticks, 1 point.
CL on CME trades in .01 ticks. 20.00 to 21.00 is 100 ticks, 1 point.
ES on CME trades in .25 ticks. 3000.00 to 3001.00 is 4 ticks, 1 point.
YM on CME trades in 1.0 ticks 25000 to 25001 is 1 tick, 1 point.
LE on CME trades in .025 ticks. 100.000 to 101.000 is 40 ticks, 1 point.

6J on CME trades in .000000000000000000000000000000000001 ticks, so there are no points in it, lol! J/K

Some interest rates are fun, like ZB.

ZB on CME trades in 1/32nds, a throwback to when everything was fractions of a dollar. So 190.00 to 190.31 is 32 ticks, 1 point.