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04/05/2018 Live Update

Re: 04/05/2018 Live Update

Postby Al_Dente » Thu Apr 05, 2018 2:19 pm

victorm wrote:I used this pattern for some years, just for day trading to earn some money. Usually not more then 15% of all account. It's arr 15-20k and quite easy to make some 300-400$ with this ammount, But core account is on trend and only for a swings.
Also, this pattern is good for stocks but for pr metals pattern should be adjusted as it rarely works.

What pattern?
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Re: 04/05/2018 Live Update

Postby Trades with cats » Thu Apr 05, 2018 2:21 pm

Pretzel Logic is calling this a possible expanded flat wave four up. The wave that fakes everybody out, makes you think it's over and then it ends. Timing is really good, beginning of the always positive earnings season and a resumption of buybacks for a nice positive boost going into late spring.

1. I think it is an excellent idea to have an idea of what could happen
2. I think it is an excellent idea to constantly repeat this is a could not a will.
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Re: 04/05/2018 Live Update

Postby Clueless » Thu Apr 05, 2018 2:30 pm

Daniel wrote:Longer-term 'recency bias' is telling the Market Mind that breakouts should build on themselves. But these recent (relatively) sharp sudden declines over the past weeks has created a level of "overhead supply" such as hasn't existed for awhile. Price on SPY and on QQQ keeps running into somebody's fib-retrace level, or pivot point, or trendline...and then suddenly stops.

However, earnings season should be a good one. Bsn optimism studies portend this. And the market cannot be said to have fully discounted this possibility, not when it's clinging to its 200day MA. So it may turn out to be a choppy 3 steps up, 2 back, for the next couple weeks... but overall a positive earnings-driven uptrend.


The greatest uncertainty with the market is Trump. Nothing else matters. So expect a wild market the rest of his time in office. His grace/honeymoon (one year) period is over. The market has been patient enough. He is the one that will UNKNOWINGLY crash the market/economy. It will happen. Talk about shooting oneself in the foot. So being long-term bullish is very risky with all the recklessness.
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Re: 04/05/2018 Live Update

Postby victorm » Thu Apr 05, 2018 2:30 pm

Al_Dente wrote:
victorm wrote:I used this pattern for some years, just for day trading to earn some money. Usually not more then 15% of all account. It's arr 15-20k and quite easy to make some 300-400$ with this ammount, But core account is on trend and only for a swings.
Also, this pattern is good for stocks but for pr metals pattern should be adjusted as it rarely works.

What pattern?

It's on Daniel's article Al_Dente. Day trading hours pattern.
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Re: 04/05/2018 Live Update

Postby Cobra » Thu Apr 05, 2018 2:34 pm

the resistance might not hold. bulls are not over.
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Re: 04/05/2018 Live Update

Postby victorm » Thu Apr 05, 2018 2:38 pm

Clueless wrote:
Daniel wrote:Longer-term 'recency bias' is telling the Market Mind that breakouts should build on themselves. But these recent (relatively) sharp sudden declines over the past weeks has created a level of "overhead supply" such as hasn't existed for awhile. Price on SPY and on QQQ keeps running into somebody's fib-retrace level, or pivot point, or trendline...and then suddenly stops.

However, earnings season should be a good one. Bsn optimism studies portend this. And the market cannot be said to have fully discounted this possibility, not when it's clinging to its 200day MA. So it may turn out to be a choppy 3 steps up, 2 back, for the next couple weeks... but overall a positive earnings-driven uptrend.


The greatest uncertainty with the market is Trump. Nothing else matters. So expect a wild market the rest of his time in office. His grace/honeymoon (one year) period is over. The market has been patient enough. He is the one that will UNKNOWINGLY crash the market/economy. It will happen. Talk about shooting oneself in the foot. So being long-term bullish is very risky with all the recklessness.

I think one more 4yr term with Obama would crash the economy and put USA into real trouble. Trump is a businessman and see where it all going. Things Trump doing now should be done under Bush admin. I'm in Canada but don't understand how people in US thinking in regards to economy...
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Re: 04/05/2018 Live Update

Postby Cobra » Thu Apr 05, 2018 2:45 pm

maybe targeting day high.
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Re: 04/05/2018 Live Update

Postby brokebybernacke2 » Thu Apr 05, 2018 2:49 pm

victorm wrote:
Clueless wrote:
Daniel wrote:Longer-term 'recency bias' is telling the Market Mind that breakouts should build on themselves. But these recent (relatively) sharp sudden declines over the past weeks has created a level of "overhead supply" such as hasn't existed for awhile. Price on SPY and on QQQ keeps running into somebody's fib-retrace level, or pivot point, or trendline...and then suddenly stops.

However, earnings season should be a good one. Bsn optimism studies portend this. And the market cannot be said to have fully discounted this possibility, not when it's clinging to its 200day MA. So it may turn out to be a choppy 3 steps up, 2 back, for the next couple weeks... but overall a positive earnings-driven uptrend.


The greatest uncertainty with the market is Trump. Nothing else matters. So expect a wild market the rest of his time in office. His grace/honeymoon (one year) period is over. The market has been patient enough. He is the one that will UNKNOWINGLY crash the market/economy. It will happen. Talk about shooting oneself in the foot. So being long-term bullish is very risky with all the recklessness.

I think one more 4yr term with Obama would crash the economy and put USA into real trouble. Trump is a businessman and see where it all going. Things Trump doing now should be done under Bush admin. I'm in Canada but don't understand how people in US thinking in regards to economy...


perspective...
http://www.politifact.com/truth-o-meter ... ck-market/
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Re: 04/05/2018 Live Update

Postby 1der » Thu Apr 05, 2018 2:51 pm

"I think one more 4yr term with Obama would crash the economy and put USA into real trouble. Trump is a businessman and see where it all going. Things Trump doing now should be done under Bush admin. I'm in Canada but don't understand how people in US thinking in regards to economy..."

Greatly disagree with this statement. Things were on a relatively smooth trajectory upwards under the Yellen/Obama time. Interest rates were gradually tightening. If Congress had decided to work together, it would have been even better. Trump has brought tremendous disruption and uncertainty to the equation. My mortgage is higher by $500/mo and my health cost/insurance is higher and now VERY uncertain. Age 60 self employed, 2 person high deductible plan, is nearly $19,000 per year (without any subsidies). That is F'g crazy. What will create the most damage is the divisiveness that is being created and nurtured across nearly every vector imaginable ; Age, wealth, religion, geographic,family, etc. There is no middle ground anymore. Respect for the USA is internationally is very low. China has been given a HUGE boost in and acceleration in its world influence and stature. Lots of damage being done, imho.
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Re: 04/05/2018 Live Update

Postby Trades with cats » Thu Apr 05, 2018 2:53 pm

ES 06-18 (2 Minute) 2018_04_05.png
Third time above the overnight high. Bulls better bring some serious cash to this round.
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Re: 04/05/2018 Live Update

Postby Clueless » Thu Apr 05, 2018 2:57 pm

victorm wrote:
Clueless wrote:
Daniel wrote:Longer-term 'recency bias' is telling the Market Mind that breakouts should build on themselves. But these recent (relatively) sharp sudden declines over the past weeks has created a level of "overhead supply" such as hasn't existed for awhile. Price on SPY and on QQQ keeps running into somebody's fib-retrace level, or pivot point, or trendline...and then suddenly stops.

However, earnings season should be a good one. Bsn optimism studies portend this. And the market cannot be said to have fully discounted this possibility, not when it's clinging to its 200day MA. So it may turn out to be a choppy 3 steps up, 2 back, for the next couple weeks... but overall a positive earnings-driven uptrend.


The greatest uncertainty with the market is Trump. Nothing else matters. So expect a wild market the rest of his time in office. His grace/honeymoon (one year) period is over. The market has been patient enough. He is the one that will UNKNOWINGLY crash the market/economy. It will happen. Talk about shooting oneself in the foot. So being long-term bullish is very risky with all the recklessness.

I think one more 4yr term with Obama would crash the economy and put USA into real trouble. Trump is a businessman and see where it all going. Things Trump doing now should be done under Bush admin. I'm in Canada but don't understand how people in US thinking in regards to economy...


I wasn't trying to be political so let's not go into politics. I was referring to what is taking place at the moment with regards to the stock market. It is not about Republicans vs Democrats. How can you start a trade war without a plan? Everyone keeps calling his bluffs. So why talk about Obama and hypotheticals? He is done. His books are closed when it comes to the stock market. Are you trying to blame Obama for the economic collapse in his third term? Are you also saying Republicans like what has been happening to the market this year?
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Re: 04/05/2018 Live Update

Postby Al_Dente » Thu Apr 05, 2018 3:02 pm

HAPPY HOUR
Image
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Re: 04/05/2018 Live Update

Postby te_fern » Thu Apr 05, 2018 3:08 pm

victorm wrote:
Al_Dente wrote:
victorm wrote:I used this pattern for some years, just for day trading to earn some money. Usually not more then 15% of all account. It's arr 15-20k and quite easy to make some 300-400$ with this ammount, But core account is on trend and only for a swings.
Also, this pattern is good for stocks but for pr metals pattern should be adjusted as it rarely works.

What pattern?

It's on Daniel's article Al_Dente. Day trading hours pattern.


Actually Victorm, Al_dente posted the article. Daniel just responded to it....
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Re: 04/05/2018 Live Update

Postby victorm » Thu Apr 05, 2018 3:09 pm

Clueless wrote:
victorm wrote:
Clueless wrote:
Daniel wrote:Longer-term 'recency bias' is telling the Market Mind that breakouts should build on themselves. But these recent (relatively) sharp sudden declines over the past weeks has created a level of "overhead supply" such as hasn't existed for awhile. Price on SPY and on QQQ keeps running into somebody's fib-retrace level, or pivot point, or trendline...and then suddenly stops.

However, earnings season should be a good one. Bsn optimism studies portend this. And the market cannot be said to have fully discounted this possibility, not when it's clinging to its 200day MA. So it may turn out to be a choppy 3 steps up, 2 back, for the next couple weeks... but overall a positive earnings-driven uptrend.


The greatest uncertainty with the market is Trump. Nothing else matters. So expect a wild market the rest of his time in office. His grace/honeymoon (one year) period is over. The market has been patient enough. He is the one that will UNKNOWINGLY crash the market/economy. It will happen. Talk about shooting oneself in the foot. So being long-term bullish is very risky with all the recklessness.

I think one more 4yr term with Obama would crash the economy and put USA into real trouble. Trump is a businessman and see where it all going. Things Trump doing now should be done under Bush admin. I'm in Canada but don't understand how people in US thinking in regards to economy...


I wasn't trying to be political so let's not go into politics. I was referring to what is taking place at the moment with regards to the stock market. It is not about Republicans vs Democrats. How can you start a trade war without a plan? Everyone keeps calling his bluffs. So why talk about Obama and hypotheticals? He is done. His books are closed when it comes to the stock market. Are you trying to blame Obama for the economic collapse in his third term? Are you also saying Republicans like what has been happening to the market this year?

All USA used to printing press producing dollars day and night. Sure, good life. Eventually you and your children are going to pay for that reckless....
Trump is my hero ... :D
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Re: 04/05/2018 Live Update

Postby Cobra » Thu Apr 05, 2018 3:21 pm

breakout likely.
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Re: 04/05/2018 Live Update

Postby Cobra » Thu Apr 05, 2018 3:29 pm


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Re: 04/05/2018 Live Update

Postby Cobra » Thu Apr 05, 2018 3:35 pm

I don't like this, looks like a typical down from range high to test range low... not sure, just don't like seeing this.
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Re: 04/05/2018 Live Update

Postby Trades with cats » Thu Apr 05, 2018 3:37 pm

Well the western trading zone is in crisis. We know the banks blew up during the (as they are now calling it) General Financial Crisis. We know now that the central bankers decided someone had to act and they did giving us an unprecedented partial world wide central monetary planning. They did use the tools they had, interest rates and the printing press. The only branch of the dismal science who had a solid theoretical framework for calling this whole thing , the Minskeites, have never been embraced by the main stream. Prof Steve Keen is their current spokesperson. And we really don't know if their solution could have been implemented. Another very well reasoned point of view coming from his experience in Japan is Richard Koo. I think his arguments are very persuasive.https://www.youtube.com/watch?v=5PlqfjmsyFI

Bottom line the Fed used to think Monetary policy could solve anything and they now know they are wrong. So they are trying to back out of the situation they find themselves in. Goldbugs preach day in and out that only hard money is good, but go read Martin Armstrong's site free stuff, (Armstrong economics) and watch him destroy the gold bugs. And he loves gold, has the largest historical coin collection on the planet. Bottom line the hard money guys are pushing their own book.

My bottom line is the world is a very complicated place and no easy one answer solution that fits a sound bite or an infomercial is going to always work.
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Re: 04/05/2018 Live Update

Postby Cobra » Thu Apr 05, 2018 3:49 pm


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Re: 04/05/2018 Live Update

Postby Cobra » Thu Apr 05, 2018 3:50 pm

well, guess that's it for today. Friday tomorrow has been generally bull friendly also it's non farm payroll day which favors bulls too. thank you guys, I'll see you tomorrow.

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