The Dow Jones 2007 High - Your opinions... - Emini Index Futures Trading | futures io social day trading
futures io futures trading


The Dow Jones 2007 High - Your opinions...
Updated: Views / Replies:2,037 / 21
Created: by Doomberg Attachments:3

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 3  
 
Thread Tools Search this Thread
 

The Dow Jones 2007 High - Your opinions...

  #21 (permalink)
Trading Apprentice
Manchester England
 
Futures Experience: None
Platform: Infinity
Favorite Futures: Indicies
 
Doomberg's Avatar
 
Posts: 14 since Dec 2012
Thanks: 3 given, 1 received


ratfink View Post
If Vista - Open MS 'Paint' and Paste into a new image, can then use the select rectange and do Image->Crop, then Save As new JPG before posting.

If Win7 just use the Windows snip tool.

Or lots like 3rd party tools like SnagIt, Jing, etc

Thanks buddy

Reply With Quote
 
  #22 (permalink)
Elite Member
Georgia, US
 
Futures Experience: None
Platform: Various
Favorite Futures: Various
 
josh's Avatar
 
Posts: 4,897 since Jan 2011
Thanks: 5,143 given, 11,242 received

I thought we should revisit this for posterity. Dow has new all-time highs this past week, currently sitting just under 14,400, intraday highs around 14,413.

I don't care about the original poster's trade really, just wanted to update the situation. Anyone who has shorted this market and has still not let go has had to take some heat so far. Not a lot really, but perhaps significant for some.

Let's say some people started a short on diamonds at a price of around 140, which was where the market kept bumping against for a while. They are under water $3.76 per share right now (a measly -$376 for 100 shares, -$1880 for 500 shares, etc.). If they did it on only 1 mini dow futures contract (let's say they were super savvy and got in at 14040 on YMM on March 4), they are under water 275 points, or -$1375.

There is often a lesson, and here is my initial view confirmed. In general, it is this: don't short a market which is accepting higher prices (and vice versa). Wait until there is evidence of a rejection of higher prices. More specifically, it is this: we are in a 4-year bull market, helped along by super accommodative monetary policy not only by the Fed but by the ECB and other world banks; we are at all-time highs.

Another more general lesson is that prices themselves are not indicative of a lot. While dow 14,200 was a prior resistance level and a significant number, it was more important that the market saw higher value in recent times and so needed to test if higher value would be established above this prior resistance level or not. And the contrary view is valid as well: even though we have had higher all-time closes on the dow for the last several days, on the grand scale of things the market has not had time to clearly show whether these higher prices will be fair and accepted, or whether this is just initial testing and euphoria. So the fact that the market is making new highs means nothing really; the question remains as to whether 14,200+ will be considered fair or not. The price is simply the advertising mechanism to lure in business, and is not necessarily equal to the broad consensus of what is actually fair value.

Reply With Quote

Reply



futures io > > > > The Dow Jones 2007 High - Your opinions...

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Largest Net Short Euro Position Since 2007 - kbit News and Current Events 0 January 6th, 2012 11:11 PM
Does anyone have market replay files and/or tick data since 1/1/2007 for CL? richw NinjaTrader 2 March 1st, 2011 07:25 AM
M&A Tops $2.2 Trillion in First Yearly Rise Since 2007 Quick Summary News and Current Events 0 December 16th, 2010 11:40 PM


All times are GMT -4. The time now is 01:38 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-16 in 0.07 seconds with 20 queries on phoenix via your IP 23.22.136.56