35854 replies to this topic

[HDB]

Agree!

 

the way SAVI is ticking up, whipsaws galore in our near future. how to deal with this?

 

dunno, BUTT, smaller position size and strict adherence to both system rules and stop losses is what i do. in the end, price is king, the gurus not so much?

 

best now...

 

pst:- hope IS a trading strategy 

 

The coolest guy  the forum....

[RusQ]

Hmm...

 

Works well enough in a bull market. Bear markets are a different story. If you start buying the dips when the bear bites, then you will soon be wiped. Even (and especially) when you have stops.

 

We are in a (relatively) mature bull market. It may continue for another year or so, but eventually the bear will arrive. And then BTFD will be a story of despair.

 

Make sure that your strategy can survive a bear market! Backtest and include 2008 in your calculations!

 

You have been warned. 

 

K

 

Hmm...

 

Works well enough in a bull market. Bear markets are a different story. If you start buying the dips when the bear bites, then you will soon be wiped. Even (and especially) when you have stops.

 

We are in a (relatively) mature bull market. It may continue for another year or so, but eventually the bear will arrive. And then BTFD will be a story of despair.

 

Make sure that your strategy can survive a bear market! Backtest and include 2008 in your calculations!

 

You have been warned. 

 

K

Agree!

 

the way SAVI is ticking up, whipsaws galore in our near future. how to deal with this?

 

dunno, BUTT, smaller position size and strict adherence to both system rules and stop losses is what i do. in the end, price is king, the gurus not so much?

 

best now...

 

pst:- hope IS a trading strategy 

[Roundtree]

Hmm...

 

Works well enough in a bull market. Bear markets are a different story. If you start buying the dips when the bear bites, then you will soon be wiped. Even (and especially) when you have stops.

 

We are in a (relatively) mature bull market. It may continue for another year or so, but eventually the bear will arrive. And then BTFD will be a story of despair.

 

Make sure that your strategy can survive a bear market! Backtest and include 2008 in your calculations!

 

You have been warned. 

 

K

You've got a point there.

 

Happy days, brother.

Edited by Roundtree, 19 August 2014 - 07:09 PM.

[mx125]

The end of perhaps the most soul destroying trading day I've had.

Still bloody red, but believe me, I've had much, much worse than this. The sun will shine again tomorrow............ 

[K~~]

Do you remember this, Plasma? The market's up 12000 points since then. That's R120,000 per contract. Now the question is (and I'm not being cheeky): Have you made R120,000 per contract? 

 

Sunesis used to preach buying the dip. And he was right. The reason we lose money is because we rely on indicators and refuse to employ a simple trading system: BTFD. Forget about Yellen, Ukraine, nonfarm payrolls and all that jazz. Just BTFD and hang on to it until it hits resistance, then sell. Wait for another dip, BTFD, hang on to it until resistance, then sell. Rinse and repeat. Note that I haven't mentioned anything about a stop loss. Or a trend. Or letting your profits run. Support and resistance, brother. That's all. Just BTFD. Don't get fancy and start short-selling, this market will clean you out. Just buy the dip.

 

That trade you took at 46214 has resistance at 46280. Sell there, and wait for another dip, which today is 46035 (SEP 14 ALSI).

 

The market will always present you with better trading opportunities. You don't have to get married to a trade. 

 

Happy trading, brother. 

Hmm...

 

Works well enough in a bull market. Bear markets are a different story. If you start buying the dips when the bear bites, then you will soon be wiped. Even (and especially) when you have stops.

 

We are in a (relatively) mature bull market. It may continue for another year or so, but eventually the bear will arrive. And then BTFD will be a story of despair.

 

Make sure that your strategy can survive a bear market! Backtest and include 2008 in your calculations!

 

You have been warned. 

 

K

[Vertebrae]

Naughty greedy badboy wants all gaps. Declines the easy route and takes to abseiling from deceptive heights.

 

[davidp13]

Do you remember this, Plasma? The market's up 12000 points since then. That's R120,000 per contract. Now the question is (and I'm not being cheeky): Have you made R120,000 per contract? 

 

Sunesis used to preach buying the dip. And he was right. The reason we lose money is because we rely on indicators and refuse to employ a simple trading system: BTFD. Forget about Yellen, Ukraine, nonfarm payrolls and all that jazz. Just BTFD and hang on to it until it hits resistance, then sell. Wait for another dip, BTFD, hang on to it until resistance, then sell. Rinse and repeat. Note that I haven't mentioned anything about a stop loss. Or a trend. Or letting your profits run. Support and resistance, brother. That's all. Just BTFD. Don't get fancy and start short-selling, this market will clean you out. Just buy the dip.

 

That trade you took at 46214 has resistance at 46280. Sell there, and wait for another dip, which today is 46035 (SEP 14 ALSI).

 

The market will always present you with better trading opportunities. You don't have to get married to a trade. 

 

Happy trading, brother. 

you are so right, but most of us are scared!!

 

my storie - opened 5 contracts mid Dec13 @ 39500 and closed in early Jan. thought i was a star, but actually I was the worlds biggest poepol!!! if i kept them then yes you can do the maths  

[Roundtree]

Order: 6 long @ 46248 

It doesn't look like they will close those long positions today. But professionals never sell at a loss, they just might surprise us with a gap up tomorrow. Or a gap down. Regardless, all the gaps shall be closed.

 

And so I hold.

[strydomk]

The end of perhaps the most soul destroying trading day I've had.

[Roundtree]

Long again @ 34 518 and .....

 

 

This morning when I woke up I wondered whether there will be another occurrence this week that will result in profits disappearing due to a something counter trend happening. Placed a buy order before going into a meeting at 0800. During a break later, saw that order was not filled and placed an order. Suffice to say that 400 pips disappeared together with its fin value from my account. Happy chappy.....not me...<br /><br />Went long now now on retest of BB lower on 5 min chart....at 45214.

 

Do you remember this, Plasma? The market's up 12000 points since then. That's R120,000 per contract. Now the question is (and I'm not being cheeky): Have you made R120,000 per contract? 

 

Sunesis used to preach buying the dip. And he was right. The reason we lose money is because we rely on indicators and refuse to employ a simple trading system: BTFD. Forget about Yellen, Ukraine, nonfarm payrolls and all that jazz. Just BTFD and hang on to it until it hits resistance, then sell. Wait for another dip, BTFD, hang on to it until resistance, then sell. Rinse and repeat. Note that I haven't mentioned anything about a stop loss. Or a trend. Or letting your profits run. Support and resistance, brother. That's all. Just BTFD. Don't get fancy and start short-selling, this market will clean you out. Just buy the dip.

 

That trade you took at 46214 has resistance at 46280. Sell there, and wait for another dip, which today is 46035 (SEP 14 ALSI).

 

The market will always present you with better trading opportunities. You don't have to get married to a trade. 

 

Happy trading, brother. 

[BlythZ]

My indicators look good and promising on 5, 15 and 30 mins hopefully tomorrow will be in the green again

[grantmu]

FTSE has bounced off this level 3 times, will have to see if it breaks through or falls back, if it falls it takes us with it.

 

G 

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[Argento]

The bulls are starting to lose this battle...

Looking at this pattern IMO going to see a good break up for new highs and then slowly grinding higher into futures close-out September....this is consolidation in my view!

 

First target 1.618 of minor 1 gives us 47500ish..then to 49000 for minor 3!Let's see....

 

I'm sitting tight with my longs!

 

A

[BlythZ]

Where is RBM today? 

[Roundtree]

46280 is where I'm jumping off, brothers. That's if we get there this afternoon. If we don't, I'll hold to close tomorrow.

 

Happy trading.

[Ettas]

I am lying on the shrink's couch .....have been diagnosed with STCS. Sitting tight confusion syndrome. This syndrome induces intense psychological dissonance (IPD) in times where the market, our market, is running in a different direction than others, where a position has turned nicely green, but because of the STCS, the profit is not taken, resulting in a worse scenario a bit later, thus feeding the STCS and adding to the IPD. That is all.

       man youve made a difficult day a bit better with that!!

[Dallas]

46000 should provide us with strong support! Otherwise 45800 and 45500 to the rescue!!! Either way we will see 47000 again just don't over expose and you should be fine.