and here cometh the island reversal, the feb island top led to a big drop, an island reversal going the other way by end of week, we'll see
wildcreamlife
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@marberisking, sorry mate, didn't get that, what do you mean?
UnknownUnicorn1300833
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@wildcreamlife, well done wildcream, hats off, bang on call, hopefully my jun/sep calls in feb dip will work out, depends if the double bottom holds, anyway great call
wildcreamlife
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@marberisking, Thanks, I really appreciate it and I understand your discrepancy because you don't know who I am, but actually, I'm an ex-insider, so I know very well this market and how it works. I'll be honest with you, I'm curious, why do you want to buy? anyway if it helps, this market is complex and has different drivers, even investors sentiment. Next time try to weigh the underlying risk. Mate, wish you the best, have a nice weekend!
UnknownUnicorn1300833
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@wildcreamlife, Why buy? 1) rising 252 ma converging with double bottom c. 2530 2) short stochastics & rsi 9 buy divergence 3) momentum nowhere near as bearish as in Feb 4) themes of 2018, dollar down, bullion, pound, yen, euro up, stock market blow off top 5) too much bearish sentiment for a truly bad bear market, will come but not yet 6) fed will step in to prop up the market as we move to elections, they will want it to be at all time highs by then on the behest of the politicians . 7) ICL should converge with 252ma & double bottom Those were my reasons but rising 252ma is key for bull market continuation. Sep calls long way to go, if the bet doesn't come off, fair enough gbpusd more than made up for it. Best wishes, speak to you soon, Richard
wildcreamlife
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@marberisking, Thank you. To each his own. Wish you luck!
UnknownUnicorn1300833
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Nope, with respect completely disagree with this, indexes pinged off rising 3 month (63) moving average yesterday, all time highs over the next 3-6 months, resumption of the upwards move is on
wildcreamlife
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@marberisking, Great, I like the feedback and questions. Meanwhile, your trading based on technical analysis is spotting a bull market, mine based on risk is bearish. That's the reason why I'm not part of the flock that goes to the slaughterhouse. However, next week will be a very long one. Good Luck!