Australian (ASX) Stock Market Forum

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30 June 2007
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Trendlines, patterns and wave volume.

Markets are going sideways. Expecting an upwards explosion at some point.
 
What are your trading rules?

You shouldn’t have to question any pattern or set up?

Obviously you’ve tested all ideas your placing in your Thread/blog.
 
So the rule is act on signals that are in sinc
So if oil is overbought your looking for short plays?
Markets can remain over bought or sold for ages.

What are you looking for?
 
So the rule is act on signals that are in sinc
So if oil is overbought your looking for short plays?
Markets can remain over bought or sold for ages.

What are you looking for?
Just what I said at the start. Trendlines, patterns and wave volume. When a market is 'unwound' from accumulation or distribution, I consider it overbought/oversold. When it's unwound, the chance of an opposite direction trade is better.

I should be able to get 60% wins, so roughly 4% risk per trade is probably alright. Maybe a touch on the high side but YOLO.
 
The 5 min AUS200 is resembling the 2 hour. So whatever happens on the 5min will probably play out on the higher TF.

3 rising valleys. Expect higher.
 
Are you totally ignorant of the geopolitical threat to oil shorts or do you really believe its all in your charts??
 
Are you totally ignorant of the geopolitical threat to oil shorts or do you really believe its all in your charts??
You keep taking a turn to nasty town. What's wrong with you? What the hell did I do to you, or Julian for that matter? That dick is on ignore and you're close.
 
Sorry, GB. It just gets under my skin to see a trader willing to put on a trade that could be quickly evaporated by a single news announcement. I just don't want to see you cook an account for this reason.
 
Sorry, GB. It just gets under my skin to see a trader willing to put on a trade that could be quickly evaporated by a single news announcement. I just don't want to see you cook an account for this reason.
Alright, clean slate. I'm not trading anything like the size modest is. Guaranteed stops.
 
I wouldn't be surprised if the big money waits on geopolitical issues to settle somewhat...watch the volume.
 
I wouldn't be surprised if the big money waits on geopolitical issues to settle somewhat...watch the volume.
With your brokers, are you able to trade a 17 point move on CL? IGs spread is currently 3 points, making it impossible. And I just missed that obvious move. They see an obvious line and it widens to prevent entry.
 
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