Australian (ASX) Stock Market Forum

International markets traders banter

Right about here you can start to see that people will actually start to think Trump will not be too bad(hurd mentality), people will like the fact that Republicans could now break the deadlock. If Hillary wins we're back to where we were yesterday. It's a win win you can't lose!

Bonds have pretty much given it all back already. Unbelievable!!:D:D:D
 
US Steel up 18% right now. Unbelievable!

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Any views on Stock Indices out there?

My muted views on FTSE below - at key resistance I'm finding myself turning quite bearish short to mid term.

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Seems to be we need to go up to go down in this game - some for of low volume upthrust day in the coming weeks would be a slam dunk for me. Might not get the chance?

Edit: it goes against my feel to want to trade in the opposite direction of the big Trump spike however to me this bar in the overall chart context is less relevant. If we had come off a 30% decline and I saw action I'd like that I'd be thinking the low is in but middle of the range I don't give it as much weight.
 
Any views on Stock Indices out there? ..........Seems to be we need to go up to go down in this game

Hunting for a view is the game of a loser addict.

The media, commentators and sellers of trading tips, methods and tricks, always want you to have a view or have you think they always have something for you. They need something to say so they have something to sell. (Even if it's just a trend or pattern without a view.)

The seasoned trader knows he has no solid idea about the 99.999999% of stocks and what they are doing at any given moment other than mildly consistent probability price moving trends and value trends.

The winning trader knows this also, however every now and then he sees the clear play, it stars him in the face.
He/she doesn't have to go looking for it.
He/she needs however to always be in the game so that he is present to take it when it hits him/her in the face.
It's most often an insight that others are obviously missing during particular tumultuous times when ordinary thinking is thrown out the window and technical damage for the time frame you know you are good at playing is rampant.

They say no one can do it consistently. It's true.

How could it be consistent when it never happens the same way! That's part of the trick.
No one can teach it to you or sell it to you.

In this case all the poles where wrong and we'd 'never seen an election like it.'
Everyone was focused on the theater and overlooking the biggest roadblock of all that had just been cleared - the gridlock in the senate and the deflationary implementation of 'over regulation!'

Epiphany rises - Jesus they just dropped a bull in the china shop! BANG!

What will the next one be? We don't know until it's happening! It could be tomorrow it could be in 18 months time.
And when it arises for the taking, trust me, you're on your own when you press the button!
Then suddenly your not!

Oh and one more thing, whilst it's exiting to watch the Bull in the china shop, it tends not to end well and it won't!
 
Whilst the financial media is bathing in the hope of the giant bullshi7 artist, now leading the unrestrained Republican party, is going to do economic wonders.
Maybe just keep a lazy eye on the The biggest bubble in the history of the world and the biggest debt load ever carried by any nation in terms of size, wobble.
How long will it take for the US bond market to become a junk bond market 1,2,3,4,5,6,7,8 years?

Make an educated guess, watch -

A true genius don't you think?

This walking pyramid scheme unto himself has reached the pinnacle of his expansionism and is now to incorporate the united states to keep it going, then it can only be the world or bust!
 
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Whoosh.

All the signs were there for this this morning. I got a ridiculously small piece of it because I'm a pansy. Higher volatility = higher stops, something I'm still struggling with and it proved costly today.

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i live in Aus and im interested in trading US stocks mainly under $5. does anyone on here have experience doing this? i found a broker called halifax, they claim to provide access to trade on ASX and US markets has anyone had any experience with them ? any feedback is appreciated
 
Anyone heard from the man whose hand trembles?

Yes Gringott ..... TH is still alive and kicking but it's not my place to elaborate ...... I agree his input around here is very much missed:( I for one owe him a great debt of gratitude and I'm just one of many .... i hope he ventures back at some point .... his pearls of wisdom were invaluable:cool:
 
Didn't he turn $1k into $10 million? :D

He probably could Wys!;)

I've never met him in person but I had the privilege of seeing one of his "CFD exploits" a few years back where he increased an account balance by just shy of 2000% in 4 days ..... scary ability:eek:
 
Those charts from October worked :)

Now, timingcharts is flashing a warning - everybody is flat as pancake at the highs


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La Femme Nikkei-ta is very enticing

Specs are long - history on their side based on cursory reading
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Boat's overloaded on one side.... but hedge funds and instos are starting to get long

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Leveraged money convinced about USD strength....

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Rate hike in December?

thanks to Joules for introducing me to timingcharts!
 
Rather than asleep at the wheel, I'm picturing more of a Thelma & Louise style, holding hands and smiling as we floor it towards the edge of the cliff.

I'd like to know where that volume is coming from too. After a strong move up, extreme volume that fails to move the price to new highs. At the very least, after such a hard run you'd expect further consolidation if not a decent pullback.
 
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