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I remember at the start of the GFC it was over 2 Dollars to the Pound - I've asked Matt and Steve for a discount now that I'm paid in a third world currency...still waiting for a reply...mercy...

I just got an alert

Posted by crossharry on 2nd of Sep 2022 at 10:28 am

I just got an alert to say the TradeStation developer / app store is closing for good at the end of this month - does anyone know the reason why? Surely it's part of TradeStation's raison d'etre / USP?

TradingApp Store | TradeStation Developer Center

Good question, I don't know. However, it's worth mentioning the price cap is per unit of energy, not an overall limit on how much households pay. No surprise, wholesale costs are the largest element of a UK retail energy bill - and the price cap is adjusted to reflect changes in wholesale prices. As indicated in my previous post, the price cap is almost certainly going to go up in each of the next three quarters, reflecting the rise in wholesale prices (of gas and electricity). I think wholesale costs used to be about a third of your energy bill, but now they are about half and soon could be two-thirds. In other words, the other elements of the bill are staying relatively stable (network costs, supplier costs, social/green levies, tax, etc) so I suppose that means the producers are always getting paid their dues.

Here in the UK we have a retail energy price cap but no such thing exists in Germany I believe. That said, forecasts are for the cap to be increased in Q4 and again next year in Q1 and Q2. Scary stuff.

Interesting indicators/signals on the price bars - are these available via TS store or another third-party? 

If I was of a mind to start up my own trade recommendation service, I'd just piggyback the BPT SPY/ES signals and claim them as my own............

..........I have no such nefarious plans by the way! And hopefully no one would stoop so low...

Hear! Hear! 

Posted by crossharry on 26th of Jul 2022 at 05:17 pm

Hear! Hear! 

Matt, ES Breakout = Stopped out soon?

Hi Matt, the SPY RSI 40 system you are tracking - I believe price is now a bit lower than the original entry - enough for a 2nd scale-in? 

Matt. for interest, that RSI 40 sub system that triggered on Friday, would that have closed out by now? Or perhaps end of play today?

Aha, that explains it. I'm

NQ 5min bull flag...

Posted by crossharry on 5th of Jul 2022 at 08:44 am

Aha, that explains it. I'm in the UK so 2-9pm for trading hours - difficult to sort the kids out after work and keep any eye on the screen - I am trying to train myself to just trade the SPY / ES systems. Talking of which, Kobie, do you ever use Floor Trader Pivot levels for entries or exits? There is nearly always a reaction off them. Currently price is bouncing off S2 with positive divergence on the MACD. I use IG Index, a spread betting platform - price tracks the ES pretty much perfectly,  +/- a point of two.

Kobie, you post at all

NQ 5min bull flag...

Posted by crossharry on 5th of Jul 2022 at 06:17 am

Kobie, you post at all hours of the day and night! What time zone are you on?

Better entry prices now on futures - worth making it official? :)

The Force is strong in

NQ 30 resistance area 11740.....

Posted by crossharry on 22nd of Jun 2022 at 04:00 pm

The Force is strong in Kobie - no strategy or indicator he does need. 

Matt, I've got an account with the spread betting company you reference. I note that 71% of retail traders lose money with the company and that currently 77% of client accounts are long the index - does that mean another quick flush is almost inevitable, ie shake out the masses? :) 

Anyway, the Weekend Wall Street price is walking the daily pivot today. It's about 6pm here in the UK as I write. 

Some say you are the

NQ 5min falling wedge ?

Posted by crossharry on 13th of Jun 2022 at 12:46 pm

Some say you are the Invisible Hand of the market - aka Obi Wan Kobie, Keyser Kobie, etc...

Fake Guru? 

Who are the two men in the Middle lol?

Posted by crossharry on 13th of Jun 2022 at 01:48 am

Fake Guru? 

Obi-Wan Kobie... 

I'm 50 next year - something I never saw coming in my wildest dreams - expecting fire and brimstone and the earth to swallow me whole...

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