Amen to this.
The former latin pupil in me just wanted to point out that most people use speculation for a synonym for gambling, taking risks etc although It's the complete opposite
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Amen to this.
The former latin pupil in me just wanted to point out that most people use speculation for a synonym for gambling, taking risks etc although It's the complete opposite
Well, if ten years spent analyzing and trading the markets doesn't give me a higher vantage point, I really don't know what does.
Lately, speculation stems from Speculat, which translates I something such as observing from a high vantage point.
No, I never do, not until big info releases, but after the data is out, and I see an opportunity, I will enter. Though I'm only a day trader, I'm also a merket analyst, therefore out of curiosity as much as anything else, I'm always looking forward. The technicals say no rate increase now, which of course doesn't mean there will not be one, but like I said, it will certainly be interesting if there is one. If that's the event the market should drop, but who knows what the huge money traders are thinking. They already know what the rate decision is very likely to be , I'm sure of this, so they might just buy it back up in line with the technicals on Dow and the SP, to seel it down tough when it attained resistance, which for me is in about 25,000, but it is all speculation, and I like speculating.
I agree, however unless I position for it ahead of it, which I will not, I would rather consider it with a clear mind and wait patiently for what PASR will signify for me to think about.
Are you going to position for it beforehand?
It's difficult to tell, but it doesn't mean that you shouldn't be vigilant. After the last rate increase in March, the Dow plummeted 1,500 pips.
But what I will say is that before the March increase, the Dow was technically set to fall. Now, it's the contrary, or at the least that I have it set to rise possibly back up to about 25,000, so we'll see. It is going to be very interesting to see exactly what the market reaction will be to a second rate increase this year.
In my limited experience, it's difficult to tell what the markets like/don't enjoy ahead.
Let us live and learn
Happy trading
Having said that, this has the capacity to sink Auto stocks short term, possibly Dax.
https://www.cliqforex.com/trading-sy...-myfxbook.html
Seems like we may observe some downtime following week on Dax. Monday can see it rally once again as the price is still over the H1 100sma, and a rise up to 13,050 - 070 is possible, but its elevation over the big 200ema/sma moving averages on H2 imply that 12,850, perhaps 12,700 may be contested next week. There is also a pretty solid looking Diversion pattern with my MACD.
This is simply a possibility, a great one however considering it. Friday's candle is reasonably bearish in that it closed lower compared to the former day, however, the weekly chart still looks very bullish, with perhaps 13,500 in its landscapes, although the further out we go the less accurate intraday predictions become. The Dow also reached an important possible resistance level as mentioned above, so another reason to suspect we can find some promoting next week.
We shall know soon enough.
GER30_11_MAY_2018
https://www.tradingview.com/x/ZAsmrxuA/
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