Stock market collapse in November

[BlackenedBiker]

Yep, thats why my "bread and butter" trading is on the 15min chart with reference to 4hr levels. 20-30 pip stoplosses rather than 200 pips.

Pinbars are good, but I would rather take that pin before it has formed, when it looks like a solid bearish/bullish candle and with a much smaller stop. That way I can remove the risk from my trade a lot quicker.

OK, thats it from me for now. Got to get back to the charts.

Are you David "kid" Jenson????

[SantaClaus]

Are you David "kid" Jenson????

Thats right pop pickers.

And it looks like the FTSE and Dow are top of the flops again for the late New York session.

[SantaClaus]

Anyway Alexei, wrong again. Stockmarket has shot up today. Stick to your coding.

BTW What an unoriginal title for your thread. I know I'm your hero on this forum but do you have to copy me so blatantly?

You sure about that
London traders have gone home only to find their pants down tomorrow morning.

[HairyArsedBloke]

Mmmmmmm.

I think I've found a correlation in the market. In the US, Feinberg speaks about compensation (pay) for bankers and the market tanks.

We used to have a good little earner in the early 2000's - 'W' speaks and the market would sell off. It was good until everyone caught on.

[SantaClaus]

Mmmmmmm.

I think I've found a correlation in the market. In the US, Feinberg speaks about compensation (pay) for bankers and the market tanks.

We used to have a good little earner in the early 2000's - 'W' speaks and the market would sell off. It was good until everyone caught on.

Yep, a bit like when Trichet speaks, the euro rallies.

Unfortunately, its a bit unpredictable when Obama opens his mouth.

[Scary]

Just broke 5000...

[SantaClaus]

Yep, my guess is a bounce off that round number until US equities open.

Then it's adios.

Anyone buying today? Come on, stocks are cheap

oh yes, and can anyone see a "pattern" emerging on the 4hr chart. I'll give you a clue, it looks like snakes and ladders. Or is it random?

[AtW]

I'll give you a clue, it looks like snakes and ladders. Or is it random?

Are you playing old console games at work?

[Jeebo72]

Oh man, not one single sector in the blue, my net worth has just plummeted £1000 ... crikey, we're doommed!

[SantaClaus]

Are you playing old console games at work?

Nope, I dont have a boring IT job and the need to while away the time.