Australian (ASX) Stock Market Forum

International markets traders banter

With IG pegging the open of the FTSE at a bid of 6254, the bracket breakout is still in play...
 
mid year lemony snickets...last days of periods tend to be a rind....grind....

dax lemons 310516.gif
 
bet the futes open sucked in a few ...the cfd positions are fairly balanced so no easy gimme's with that play
but there was an extension ....coincidence, yeah, maybe
 
bet the futes open sucked in a few ...the cfd positions are fairly balanced so no easy gimme's with that play
but there was an extension ....coincidence, yeah, maybe

got me the first time but i got them the second time.

same old story, be patient, maybe try selling the high instead of buying it etc etc
 
got me the first time but i got them the second time.

same old story, be patient, maybe try selling the high instead of buying it etc etc

[video]https://youtu.be/eKgPY1adc0A[/video]

here's my mumbo jumbo on making a sale

dax at the end of a triangle 310516.gif

and as i type an archway opens and downhill we go
 
bet the futes open sucked in a few ...the cfd positions are fairly balanced so no easy gimme's with that play
but there was an extension ....coincidence, yeah, maybe

Just on this.

If last nights FTSE price action isnt a classic example of how brutal these markets are then I don't know what is.
 
Nice GDP number for Australia, beating the estimate

11:30*(AU) AUSTRALIA Q1 GDP Q/Q: 1.1% V 0.8%E; Y/Y: 3.1% V 2.8%EGDP Contributions q/q: - Final Consumption: +0.7% v +0.7% prior- Capital Formation: -1.7% more... (related AUD/JPY AUD/NZD AUD/USD EWA NZD/AUD) - Source TradeTheNews.com
 
'Poweder Keg' trade setting up on the HHI and HSI....getting pretty full, just need a spark now:grenade:
 

Attachments

  • HHI 06-16 (5 Min)  6_2_2016pk.jpg
    HHI 06-16 (5 Min) 6_2_2016pk.jpg
    103.1 KB · Views: 30
Not sure if it's the nature of the market at the moment but I seem to have my stop taken a lot and then have the trade go my way. Anyone else experiencing this or am i just horrid?

Perhaps its the nature of the current market - choppy price action, looking for longer term winners might be an error - i should be taking 10-15 point winners rather than reaching for 30's and 40's and also be more patient when entering trades, god knows im getting the opportunities.

Back to this again it seems.
 
The employment figures in the states were not that bad. Market is treating this as big blow and the US economy isn't as strong as thought - gold. That is rubbish.
Just remember that most of the financial media in the states are Republican C0ck suckers and want to make Obamas perfect record look bad, somehow. That way Gumboot Mouth may get a vote.

The fed should raise at the next meet regardless.

First of all there is no fundamental reason why the FED should not, with full employment pretty much in place. The second reason is that the election is still far enough away and they should get it out of the way now and give themselves some breathing space.
I will be very disappointing if they don't, market is now assuming they won't.
 
Smelling like a top in is in, going through the VIX and the ATR's for the US, its the quietest its been (in terms of volatility) for years....Thanks to Quant as well for pointing out something so obvious, I always used ATR for stop loss calculation but I'd not though of it for broader tops and bottoms.:xyxthumbs
 
Top