Anyone have colour on the FTSE 'flash' dumping at Japan open (11am ESDT)?
posted about it in the other thread: https://www.aussiestockforums.com/forums/showthread.php?t=26509&page=179&p=844096#post844096
Since everything happened about a second after the open, it could be stops, or someone was a fraction too late in putting orders into the opening match...
Thanks SQ. However, I'm still puzzled. This incident occurred at TSE open, not FTSE open. Nothing like it occurred for other major markets even Japan or Australia Something happened at TSE open to smash FTSE whilst it was out of session. Stops can be hit anytime, why then? There was no opening match for FTSE at that time.
It has the look of a major order hitting it. If not stops then phat finger? Wanted to sell TSE not FTSE? Wow..could be.
New lows for this year on the DAX tonight, we've gone through the March/August lows, FESX hasn't yet though, and obviously ES is no where near it.
The glorious DAX!
Casually drops a little over 10% in just a mere few weeks.
Fortunately there is a limit to how far this can go!
Just another 8800 points to go before the DAX is unable to go lower!! (Wotcha gunna do then ey, DAX?!)
Yes!! It's played that trick several times this past year, however, if you know the DAX well, you'll have probably noticed that it's a lot more than just a one trick pony!LOL. It's likely to do a complete turn around now that it's gone to yearly lows and head straight back to 10K, just to catch people out, that's it's favourite thing to do:shoot: :bananasmi
4 minutes of vertical with Volume.
With a massive exhaustion.
You'd have been all over it!
And its not over yet long.
Actually it chopped me up a bit.
Smashed on shorts at or about A, B and C! Wasn't until I got one to stick at D and then again at E was I able to fix up my mess.
View attachment 59825
Not that unusual when out of nowhere it runs 300 points in 30 minutes.
Interested TH, did you/can you or do you usually anticipate big moves or is it more of the reaction to it afterward like a fade, instead of seeing it coming? ie. were you expecting something like that to happen today? I kinda guess you're always expecting stuff like that with honkers.
I was expecting a push up to flat or a bit past but because of yesterdays large move I couldn't find much in the way of push down into support to get long, outside the first minute of the day, which I missed. So my plan on the day was good but they just gave me nothin' to play with.
The drop back down just befor and after arvo on the other hand.......
Actually it chopped me up a bit.
Smashed on shorts at or about A, B and C! Wasn't until I got one to stick at D and then again at E was I able to fix up my mess.
View attachment 59825
Not that unusual when out of nowhere it runs 300 points in 30 minutes.
Ok cool, do you ever just jump in straight on open in that case like today in case you don't really get a chance otherwise, or is it too risky? I often find that on the DAX it will have a little run the opposite way(even if it's just a little spike up on one or two bars) before heading towards a gap close, or at least an attempt to.
Seems the volume picked up right before the actual move up, was this some u saw or some thing you look for in anyway, try to understand why I'm asking. It's more of a "Is this the way you trade technique " Because if it was that would be a good method. Techa always mentions momentum ... volume in this case was the momentum indicator.
Amazing you held on to come out on top .. nice
Good one ..Nah that is just the pic a little screwy. Volume came with the move.
Oh no, I was hitting the liquidate button like it was a game of snap. :twak:
I just also re-entered each time until it stuck.
10. Scary sh*t will be heavily retweeted. This is a guarantee – the scarier headlines will have the most RTs. Human beings have evolved, over the course of hundreds of thousands of years, through the natural selection of specific traits that aid in survival. One of those traits is alarmism. The Neoliths who saw something and said something when relaying risks back to the tribe were the ones who lived longed enough to pass on their genes. The ones who kept quiet about terrifying stuff like volcanoes and sexually aggressive wooly mammoths didn’t pass on their DNA at all, they were melted alive or mammoth-raped. When you think about it, what we are, as a species, is the distillation of the loudest screamers and most easily frightened people who ever lived. Of course we’re gonna retweet Zero Hedge and John Mauldin links!
Being aware that this is the social media environment you’re going to be in for now is half the battle. The other half is being able to contextualize it without falling into the rabbit hole entirely.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?