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Index Trading, xjo, dow, dax, ftse
joules mm1
post Posted: Dec 5 2019, 02:15 PM
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$xjo
promise to stop p!ssing around with this ....
"xjo wedge fights bull symmetry 051219"

note the text in the daily insert:
Attached Image








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. . . . . . . . everything has an art.....in the instance of the auction process, the only thing, needed to be listened to; price
 
joules mm1
post Posted: Dec 5 2019, 02:01 PM
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HTL high to low
BTO buy to open
BTC buy to close
STO sell to open
STC sell to close
LOD low of dayHOD high of day
GMTFO GTFO please sir may i exit
symmetry (a ratio of 1:1 this swing is the same size as last swing in the same direction, tending to be confirmative of/for directional trade)
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$xjo :
one point of note should not be overlooked the Dec 12 sell down is a 1:1 ratio of the downswing we are retracing today - going by my above comment that implies a very bullish idea which tended to be correct most oft than not, a good directional trend signal, hard to fudge trend construct....



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. . . . . . . . everything has an art.....in the instance of the auction process, the only thing, needed to be listened to; price
 
joules mm1
post Posted: Dec 5 2019, 01:49 PM
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$hsi lack of sell probably a good sign of accumulation/consolidation holding the index in a large buy zone
have started BTO positions on that, uber small



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. . . . . . . . everything has an art.....in the instance of the auction process, the only thing, needed to be listened to; price
 
joules mm1
post Posted: Dec 5 2019, 12:02 PM
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we are below a basic 33% retrace HTL since the end of month sell (which waited for the thanksgiving cue)
and we saw that rollover december 2nd late arvo so all the hallmarks of large rotation are there and not clear that resumption of the uptrend is printing today despite the bid

....xjo is rarely this active mid session, looks like distribution to me, the switch in sentiment from retail cfd's from extremely bearish to mildly bullish fits the tenet that retail cfd players are largely on the wrong side of the gig

ideally we need to see a bid into $xjo cash close and a bullish signal in the SPA into 4.10pm for the longs to resume the upside
for mine, best trade today from a positional trade is : dont care about and have no need for - any trade - unless the signal is screaming an ah-ha signal



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. . . . . . . . everything has an art.....in the instance of the auction process, the only thing, needed to be listened to; price
 
joules mm1
post Posted: Dec 5 2019, 11:18 AM
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In Reply To: early birds's post @ Dec 5 2019, 11:08 AM

like your thinking
alternatively take some off the table when it suits, raise stop to zone around break-even (+/-), let the momentum carry you

when we make new highs i'll have a perfect hindisght call : the end of month window dressing (fees) allowed a fake sell set-up to trap sellers
and flush out weak holders
rolleyes.gif



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. . . . . . . . everything has an art.....in the instance of the auction process, the only thing, needed to be listened to; price

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early birds
post Posted: Dec 5 2019, 11:08 AM
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In Reply To: joules mm1's post @ Dec 5 2019, 11:03 AM

am still hold few longs atm

already got my money back from last night's loss. currently sit on some profit as well .
try to target 6700ish before this weekend with stops at 6645. will move it higher once it go over 6675 again!!
sounds good idea??




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joules mm1
post Posted: Dec 5 2019, 11:03 AM
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In Reply To: early birds's post @ Dec 5 2019, 08:49 AM

had to close out at the open, day looks like it's holding the bid, if we're up overnight and no rollover the longs will be best risk
sentiment is fairly even 55% BTO printing for all clients 59% for top clients front month contract cfd
when it's clean bid and no chop like this i tend to think the previous larger trend up has a lot more legs..follow the money




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. . . . . . . . everything has an art.....in the instance of the auction process, the only thing, needed to be listened to; price

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early birds
post Posted: Dec 5 2019, 08:49 AM
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In Reply To: joules mm1's post @ Dec 4 2019, 11:07 PM

as i guessed ---other major market all rebound strongly from the last two days sell offs.

asx200 looked for up day??



 
joules mm1
post Posted: Dec 4 2019, 11:07 PM
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In Reply To: early birds's post @ Dec 4 2019, 07:31 PM

tight stop huh

reduce size and allow some heat

keep in mind the large % drop from the high so players are wound up looking for the elusive lotto move and late comers get flushed

lack of liquidity locally can whip more than the day sesh



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. . . . . . . . everything has an art.....in the instance of the auction process, the only thing, needed to be listened to; price

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nipper
post Posted: Dec 4 2019, 10:02 PM
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In Reply To: early birds's post @ Dec 4 2019, 08:35 PM

saw an interesting quote about the markets:

"They go up in percentage terms, but the drops are measured in the Billions



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

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