Short

Live trading 3. Everything will be fire.

Updated

Well I support I have to change my avatar to a grim ripper...
Everything it about to dump... And my little dollars are going to skyrocket.
Not that much trading opportunities yet, but when these weekly MA's get tested as resistance plenty of short opportunities.
Right now the Yen is going up up up so I will probably short it if it keeps going (long USDJPY).
Ye hopefully those that didn't already go test these weekly moving averages and I can open shorts there. Day + swing trades.
Ah and probbaly I'll keep plenty of shorts open as hedges so I can long on the way down when it gets too oversold.

This is just ridiculous.... Everything jumping off windows to get down faster, all except OIL AND USDOLLAR.
Fear fear fear.

If Trump decides to bring democracy to the middle east pour your lifesavings into Dollar and Oil. Borrow on margin.
Oil and dollar will skip the moon and go straight to the sun. The light will shine so bright, and everything opposing these 2 will burn.

Oh also as foreign (to the US) investors pull their money out, they will put it in local economies, German stocks/index is a good one.
German has lowest spread for me so... But ye UK FR going to the moon. I shorted it maybe I should long once it retest ath. Almost there.

US economy = recession.
EUR economy = boom.

Thank you MR Donald Trump for getting america out of "bad deals" and "not favoring foreign countries like my predecessors".
You're going to join Warren G. Harding at the top mate. "I have one of the highest IQ's". ^^

*** I am not a financial advisor :p ***

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Oil starting dumping and my ears are bleeding.
If it gets to 65$, very interesting place to go long.
Maybe before that even.

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Gosh there's nothing even close to offering a trade opportunity.
Bitcoin fall to 6600$ next 24 hours porbably. That would be fun.
Apart from that eeeh meh.
Maybe I go hunt for ideas on trading view.
Or just patience...

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I think gold is going to fight a few weeks in this area.
Alert set & shorting it if it goes up to where I want.

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I'm super bullish on Oil, UNTIL we get to 100.
Looking to buy a decent pullback when it goes to support zone.

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Ye I'm going to set orders for a day/week trade on Oil, close to 70$
Just looking for a few pips I mean maybe 100 pips bounce, even if it flash crashes there is so much support below, I can keep scaling I have a huge safety net.
Let's long Oil on 70$!

Trade active

Long Oil.
And now, back to bed.

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4HR RSi at 20.
And what happens when the RSI gets low?
It bounces.

Bitcoin still in a 12 HR inside bar.
I don't think I will look at the rest, the week is almost over don't want to open a trade now. Energy futures have no fees so it's ok. Didn't check when they expire thought.

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Ok Oil futures expire the 20 June, and my broker has an expiry 1 day before that.
Best time to open a trade :)

cmegroup.com/trading/energy/crude-oil/light-sweet-crude_product_calendar_futures.html

Started shorting NatGas. Too high.

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Possibly bouncing off 0.382.
Probably going to hold that Oil trade over the week end.
Don't really care, no rollover. Going big if we go to 66.5.

NatGas at its own 0.382 too lol.

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Oil had big falls straight down before, kinda was expecting it.
The harder it falls the bigger bounce I will expect.
Going moderatly big on 0.5, and if this doesn't bounce I'll wait for 0.618 & big MA's and go even bigger and there it will bounce pretty hard.

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Couldn't find an event where Oil ever fell more than 10% without at least a little 70 pips bounce & when it hit the bottom it bounced big.
If it keeps going down I don't see it going past 200 monthly MA and 20 weekly MA.

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And for later, going to take a while to get there if it does go there

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Oil...Bad news and a selloff.
Now I am long for 100 barrels on aroun 68$
If we go further down I'll be long 150 barells 67.3$.
Big support below.
The max loss I want to take is 500 or 750 dollars on that trade.
Considering I don't buy more, for this to happen (750$) the price per barrel has to fall 5$, so down to 62.3, with no bounce. Seriously I don't think osmething like this has ever happened. Maybe I waste my time considering the worse case scenario, but it's better.
The real thing I will do, is if all the strong moving averages at 65$ don't hold, I will reduce my position by 1/3. Selling 100 barrels @ 65 ==> 230$ loss. Not much.
THEN, I'll add a bit to my long, 10 barrels at a time, till 62$. At 61-62 not sure yet I long a larger number, then same stuff I close 2/3 position if we go below that.
On 55$ I long 1000 barrels.
Impossible we go there with no bounce, so no point I look at it in detail. Just good to have a vague idea of what to do if that happens.
Not much going on with Natgas yet.

Afaik this is the worse that has ever happened:

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If I knew Oil better I would have went long at a lower price, and I would have gone bigger obviously.
Right now I only feel at home with eurodollar.

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2008 was really crazy right, but not for me, would I have went long on support & scaled and held, boooyyyiiïï I would have made a FORTUNE.
2012 worse.

But there was a reason for 2012 mega fall.
Never saw anything happen on a big liquidity chart not for a very good reason.
We won't just fall 25% with no bounce when all these supports are below and have not been tested yet.
2012 ===> bounced of weekly MA's several timùes and consolidated on them weeks before dumping. Very very easy to avoid a loss there.
If I take a loss on this trade it will be the first time in history somethi ng happens and I will be sooo unlucky.
If it starts going wrong I will reduce my position anyway just in case.
A few hundreds don't seem to matter, but a few hundreds now is a few hundred thousands in a few years with compounded profit.

MrRenev

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