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Posts by "daveo"
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Posts Total by "daveo":
512 Posts by Anonymous "daveo":
Sounds like he is talking about stocks. Stocks love to fill gaps after overnight futures' exhuberance leads to gapping at the cash open. The filling of gaps is like a glorious stop run to the "innocent", then the mkt reverses again. Price generally likes tidy housekeeping. Its when you get a parabolic move like the silver up move lacking any structure that the warning bells ring loudly. What's known as a run of "singles" in market profile terms. Its like if you build a house too quickly without observing structural engineering criteria, the house will likely fall down when you finished it. 100% retracement as I have often alerted whenever we see over exhuberance.
I see the stoch flattening on daily and the divergence on weekly and the potential H&S. Same on my charts.
It has been an eye opener to me the way currencies are paranoid about rates since joining your service about the same time as focusing more on currencies early 2010. I have a problem with the uk fundamentals in this respect as I often think the mkt is not really listening (interpreting) closely. My problem does not effect my trading however as price action always rules. I have found you to be a very great help in my quest to relate price action to fundamentals.
I agree with Sarah that your site needs overhaul so you could mention your plans in this respect to request forebearance. Failing some degree of personal communication comes across as you don't give a sh*t whether your customers come or go so you are inviting a high loss rate before you even start.
Just thoughts !
Now I shall find a few minutes to see whether I can find a proper archive in the site which contains all your charts going back to when you started this platform.
I anticipate a future problem with subscribers feeling they are paying for your non subscribers to receive much of the general analysis you provide via twitter, via the public forum etc. Only way I see to cover this overlap is to have a private section to your site with private forum also. So you have public site with public forum and sales details for services etc but the subscriber site is isolated.
Next problem is the cost of keeping the elderly into their late 90's, soon to be late 120's with medical advances. I have proposed that all us older generation check into the abatoir at say age 80 (or that to be unaminously agreed) in the interest of lightening the load for young working age taxpayers.
Drug companies must be capped on R&D costs. Don't trouble to develop or market any drug which is unaffordable. Cap should probably be 20/week treatment cost. That will bring the cost of drugs down.
Birth of badly handicapped/deformed babies another unaffordable cost to the taxpayer.
Obesity must be controlled. Too expensive to working age taxpayers. etc etc etc.
Our government have a very long way to go yet. They have hardly started.
Silver was parabolic and I warned more than once in the forum that moves like that lacking structure most always fully retrace with equal ferocity. I could site many examples. Tracking gold told me a turning point was close at hand and when gold turns silver follows direction. It was all in the forum well in advance for anyone paying attention. No surprises to me whatsoever. Study of market profile will verify what I am saying. Of course after the event everyone and their dog jumps for explanations but it was all in the charts and adequately documented. Your theory about thin liquidy may well have powered the initial move.
@catOnip. Can you please give my your symbol for the Russian stock index you watch. I have heard you mention this before and its very interesting. Thanks.
The question of what to post in forum is personal choice. If I were only analysing/trading one or two vehicles there would be more time to post the trade management in a timely way. Forums can detract severely from overall trading performance if one starts to give priority to posts. Retrospective posts are as you know seen as smart ass. Ideally everything posted needs to be in real time.
I do feel if guys post their positions they should qualify with reasoning and parameters so that any freshers can understand what is happening. Nothing wrong with saying "This trade is a blatant fade for which I will probably be punished" or better still submit the reasoning for the bias. I think you are pretty good at explaining yourself. Forums can run away with a lot of time and then we find we missed a perfectly good set-up been waiting for.
The forum is most definitley enriched with live trading, I have no quarrel with that.
Must admit I am having to think about the considerable time required to keep up with the fundi side on all of this. Interesting as it is I'm not sure of the potential benefits. Ashraf prob the best out there but do I really need it ? Gettin old for 18 hr days :-)