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08 Apr 10
14:44
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Date Joined:
23 Nov 03
Time to flip round for about 3 weeks I reckon.
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I have followed your advice and sold some FTSE futures at 5743.5. Seems a long way below the cash, I suppose there's a lot of dividends coming up.
Why would you follow someones advice on a gambling forum?
Well I would not do something I was not half thinking of anyway
Fair enough, but I would suggest if Gorings post inspired you to trade, you should not be trading!
In profit now, wish I sad sold more. Don't forget to tell us when to get out Goring.
what do you think goring? i think 15% ish correction is possible, and then a turning point, depending on political decisions either down a lot more or up to the moon from there
chisel 14 Apr 19:11
Why would you follow someones advice on a gambling forum?
perhaps you find CNBC more legitimate chisel?Whatever you do DON'T listen to someone who has a winning idea.Just listen to those that know.Like all the commentators who predicted the GFC-of which there were ZERO.
A trading newsletter this week was pleading with me to subscribe to their 2750$ a year service.I took a 2 week trial over the last two weeks.Of their 9 tips how many made money? two, the other 7 are in the red. When I pointed this out to the salesgirl her reply was" you can keep those ones for the long term" Naturally I told her where to put her newsletter.
The point is it is no less legitimate to follow a tip from this forum than it is from anywhere else.The mere fact it is in this forum does not automatically disqualify it.To say that it does indicates a distinct lack of free thought on your behalf chisel.
In fact once you weed out the one hit wonders and the snipes I think you will find the forum producers plenty of winners. Alternativly is you think the advice here is so terrible you could go against it?Short when they say buy and buy when they say short.If its so inaccurate . You would have done well on the ftse will fall thread.
Now chisel if you think goring is a dummy you can go long on monday.Let the forum know what you decide.That is if you can make your own decisions.
Why would you follow someones advice on a gambling forum?
perhaps you find CNBC more legitimate chisel?Whatever you do DON'T listen to someone who has a winning idea.Just listen to those that know.Like all the commentators who predicted the GFC-of which there were ZERO.
A trading newsletter this week was pleading with me to subscribe to their 2750$ a year service.I took a 2 week trial over the last two weeks.Of their 9 tips how many made money? two, the other 7 are in the red. When I pointed this out to the salesgirl her reply was" you can keep those ones for the long term" Naturally I told her where to put her newsletter.
The point is it is no less legitimate to follow a tip from this forum than it is from anywhere else.The mere fact it is in this forum does not automatically disqualify it.To say that it does indicates a distinct lack of free thought on your behalf chisel.
In fact once you weed out the one hit wonders and the snipes I think you will find the forum producers plenty of winners. Alternativly is you think the advice here is so terrible you could go against it?Short when they say buy and buy when they say short.If its so inaccurate . You would have done well on the ftse will fall thread.
Now chisel if you think goring is a dummy you can go long on monday.Let the forum know what you decide.That is if you can make your own decisions.
I'm getting a bit chopped up on the equities now - not quite following as I expected to be honest. I'm out with a loss, but I have opening stops below the market for a fall. Metals doing nicely though!
What sort of downside do you see. I was thinking to write some puts against my short if it goes much further, but the implied vols doesn't seem to be that high. Do you think they might increase?
the world's fcked. oil is too expensive. thats all
goring- going well. When do you think it will turn around?Or are we in for a tasty correction?
Mr B
It is laughabl ethat you say it is going well. From when Goring went in on 22 April market had increased by over 100 points up until yesterday! The trend is up and that is where I see it going. It is also where you said it was going a couple of weeks ago, despite other laughing at you .. Are you a seller now?
It is laughabl ethat you say it is going well. From when Goring went in on 22 April market had increased by over 100 points up until yesterday! The trend is up and that is where I see it going. It is also where you said it was going a couple of weeks ago, despite other laughing at you .. Are you a seller now?
The trend is up and that is where I see it going
Chisel,
I thought you ridiculed technical analysis?
Chisel,
I thought you ridiculed technical analysis?
I am short on Goring's advice and around 240 points onside. Thinking to close soon. OK it's not a fortune but better than a kick in the face.
Just hoping for the fear factor to really set in ahead of Wall Street opening.
Just hoping for the fear factor to really set in ahead of Wall Street opening.
Good luck to all of you !! I am not convinced that it is going up or down. It really is a flip of a coin in my opinion.
chisel- previously you seemed to have your finger on the pulse.But lately your like a chook running around with its head chopped off.You dont know if your arthur or martha.Goring was correct here, give him his credit.He didnt mention specific numbers he just said its going down.Good call.Are you becoming another botty where all are wrong except you?I don't think thats really you.Your just a little confused now.Take a step back and wait for gorings next analysis.
I love the way he contradicts himself within the space of a couple of hours - at 10am he says the Dow is going up - at 12 he says he has no idea where it's going!
Contrarian
What I mean is that I would not bet one way or another at the moment. I can see why people think it is going down, but on the flip side I can see why it is going up! My feeling is that these little dips are profit taking and that it wil continue going up! But it is not an opinion I am convinced by, and I will certainly not be putting my money wher my mouth is!
Mr B, Thanks for your last post! The point I was making is that before it went down 200 points it had gone up 100, and was probably looking a bit scary given what had gone before. I remember you told eveyone it would burst through 11000 when it was 10700... You now think it is high enough?
What I mean is that I would not bet one way or another at the moment. I can see why people think it is going down, but on the flip side I can see why it is going up! My feeling is that these little dips are profit taking and that it wil continue going up! But it is not an opinion I am convinced by, and I will certainly not be putting my money wher my mouth is!
Mr B, Thanks for your last post! The point I was making is that before it went down 200 points it had gone up 100, and was probably looking a bit scary given what had gone before. I remember you told eveyone it would burst through 11000 when it was 10700... You now think it is high enough?
FTSE goes down 150 pts in a day due to 'profit taking'??????????!!!! i suppose everyone decided to take a profit on the same day??? what nonsense
FWIW - I'd stay short with a close stop. That's almost the same as closing out here and buying a lottery ticket below, but not quite. Tomorrow's open will decide whether I stay in or not - if we go back through this afternoon's highs by a few points then I'm out and wrong (but onside).
I just missed the chance to close and then increased my position my 60% on the rally, I'm with you Goring.
goring your strategy is a good one.But don't make that stop too close.If it continues to fall sell more.Thats how I got a few big results.
chisel- actuaaly im totally out at the moment and have been for a few weeks.Markets have not really made any definitive moves.Up 100 down 100.No mileage there.Gold i moving to a breakout posi but I never seem to get that right so I'm not trading it.Got a little out of the euro after it gapped up.Now everyone is bagging the euro I would'nt be surprised if it had a short move to the upside.Even the AUD is stuck in a small range.I'll just sit for the moment.
Best of luck to all traders.
chisel- actuaaly im totally out at the moment and have been for a few weeks.Markets have not really made any definitive moves.Up 100 down 100.No mileage there.Gold i moving to a breakout posi but I never seem to get that right so I'm not trading it.Got a little out of the euro after it gapped up.Now everyone is bagging the euro I would'nt be surprised if it had a short move to the upside.Even the AUD is stuck in a small range.I'll just sit for the moment.
Best of luck to all traders.
Dead cat bounce. Further falls to come over the next few days.
Yes, but now I have an opening stop below at the same level as I stopped out. If the market goes up 100 points, I'll lift the opening stop.
The fed has made a commitment to keep rates low even longer. As I said. Governments are committed to not only seeing a recovery, but getting GDP back to where it was at the peak. I feel like there is absolutely no way the market is going to fall, and that the only way is up! They will do absolutely EVERYTHING to make things happen
The Fed is a board representing 12 private banks. It does not represent the Government.
Dont be daft!
The US congress appoints the fed chief, who effectively is the FED
As stipulated in the Banking Act of 1935, the chairman is one of seven members of the Board of Governors of the Federal Reserve System who are appointed by the President from among the sitting Governors.[1] The chairman is subject to Senate confirmation to a four-year term
The US congress appoints the fed chief, who effectively is the FED
As stipulated in the Banking Act of 1935, the chairman is one of seven members of the Board of Governors of the Federal Reserve System who are appointed by the President from among the sitting Governors.[1] The chairman is subject to Senate confirmation to a four-year term
and
The law applicable to the Chairman and all other members of the Board provides (in part):
No member of the Board of Governors of the Federal Reserve System shall be an officer or director of any bank, banking institution, trust company, or Federal Reserve bank or hold stock in any bank, banking institution, or trust company; and before entering upon his duties as a member of the Board of Governors of the Federal Reserve System he shall certify under oath that he has complied with this requirement, and such certification shall be filed with the secretary of the Board.
The law applicable to the Chairman and all other members of the Board provides (in part):
No member of the Board of Governors of the Federal Reserve System shall be an officer or director of any bank, banking institution, trust company, or Federal Reserve bank or hold stock in any bank, banking institution, or trust company; and before entering upon his duties as a member of the Board of Governors of the Federal Reserve System he shall certify under oath that he has complied with this requirement, and such certification shall be filed with the secretary of the Board.
Goring tell us when to close please. I want to invest the profits in coffee.
Ok, I'm out of the equity short - it just airdropped 200 points while I was typing !! It will be a chopfest now - staying out and the Gold is firmly through 1200 now.
Its not the election lads.Its europe.There is a massive sell off at the moment.When will shares recover after the election and cuts and new member states skeletons coming out of the financial cupboard?Emm about 7-10 years time.Join the massive sell off while you can still get a decent price.
Except that the pound has slowed the reversal against the Euro it was making and is down another % today.
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