35854 replies to this topic

[HDB]

Hold on to your shorts boys!!

 

U aint seen nothing yet!!

 

make sure u have your seatbelts on!!

 

and no time for peanuts!!!!

[Lekkerry]

No no, no peanuts the last... two, two and a half weeks, me thinks.

 

 

....because you have been eating and flicking too many peanuts!!!!!!!!

[Plasma]

You lost me after "Since Sunday..." 

....because you have been eating and flicking too many peanuts!!!!!!!!

[Lekkerry]

Thank you Mhlato.

 

Yup, the below is a natural by-product of using "longer term" charts - can be very susceptible wrt volatile swings. This is where I am faltering atm and need to sharpen my trading skills.

 

In more stable market-periods, I trade the upper or lower-band reaches.

 

Lekkerry, something else i have picked up regarding BB's (while trying to trade shorter terms) was that when you have the median for the hourly bar (h+l)/2 above the BBU and it turns red, it often signals the begining of a downward move. The same when the open is > the BBU. 

[JBlack]

US trade deficit widened more than expected... 

[JBlack]

the JOB numbers also GOOD

Virtually in line. 343K vs 345K expected... And we are flying....

[JBlack]

But this spike up is nearly always dodgy!!!!!!!!!!!!!

Yup like I said. Hand sitting until at least 15h50 being an intra day man. However, Marketwatch just tweeted the futures pair their losses! Make up your mind! Jeez - they have 742K followers....

[matebele]

Agreed. Just after Marketwatch tweeted about US futures maintaining their losses everybody shot up.... hmmmmm

the JOB numbers also GOOD

[JBlack]

I certainly wouldn't know what to make of it!!! Anyways the jostling has begun so strap up..It is gonna be a volatile ride for the next hour!

Agreed. Just after Marketwatch tweeted about US futures maintaining their losses everybody shot up.... hmmmmm

[JBlack]

Figures good for non-farm ADP. Jobless at 14h30...

 

@ chubby:

Not even technology - a simple text message or bbm from someone on the inside for $5000 a week? A good investment for the trader I have to say. But the market reaction you cannot predict in these times so the info before hand is actually useless come to think of it....

[Lekkerry]

You lost me after "Since Sunday..."

 

 

I thought you were a 15 min man....

Since Sunday I started experimenting with a combination of a 2, 5 and 10 EMA, mainly on 5 min chart, up to 30 min chart. If in a position, the. sell if 2 min cross 5 min, and prepare for buy if 2 min cross 10 min. This in conjunction with context provided by BB, stochastic and RSI, as well as US futures and FTSE.

Has helped me to reduce impulsive trading, but SL facility to be added for me to really test it. Since it is lagging indicators, and it being on a short time scale, the uncertainty when it is forming is increased. Easy to see afterwards. Will play around with the 20 MA and 20 EMA as well. Argento always refers to the, I think, 20 EMA crossing the 89 MA.

[JBlack]

Not an answer to today, but a perspective on Friday ...courtesy of Thomas H. Kee Jr the president and CEO of Stock Traders Daily (dotcom)

With almost all of their attention on FOMC stimulus, the labor report being issued at the end of the week would almost need to be exactly in line with expectations in order to prevent market-based deterioration.

Anything too hot would influence selling pressure because that would suggest a reduction in stimulus. Anything too cold would suggest that the economy is not keeping pace even with all of the stimulus that already exists, so the number at the end of the week needs to be just right.

Scary that... I still think someone, trading big funds, must know before the announcement what it will be - hence the movement in Europe and US futures should indicate something. However, till then, the rest of us - sitting on our hands.... Until at least 15h35 - to see US actual reaction when the shares get moved by the big funds.... Maybe even 16h00....

[Plasma]

Glad I cleared that binary before the 12h00 cut off with a small profit. Phew.Agreed A, I think we will drift lower from here until the big announcement at 14h30. This is the one figure Bernanke said will drive the Fed decisions regarding QE and tapering. Hence, good figures = drop and bad figures = rise? Concur?

Not an answer to today, but a perspective on Friday ...courtesy of Thomas H. Kee Jr the president and CEO of Stock Traders Daily (dotcom)

With almost all of their attention on FOMC stimulus, the labor report being issued at the end of the week would almost need to be exactly in line with expectations in order to prevent market-based deterioration.

Anything too hot would influence selling pressure because that would suggest a reduction in stimulus. Anything too cold would suggest that the economy is not keeping pace even with all of the stimulus that already exists, so the number at the end of the week needs to be just right.

[Mhlato]

Lekkerry, something else i have picked up regarding BB's (while trying to trade shorter terms) was that when you have the median for the hourly bar (h+l)/2 above the BBU and it turns red, it often signals the begining of a downward move. The same when the open is > the BBU. Recent examples: 9 & 10 am on 28/6 and 15:00 & 16:00 on 1/7.

 

NB: I use  1.8 and  -1.8  STDDEV instead of the standard 2.0 and -2.0 because the Alsi (in my view) is not nearly as volatile as individial stock's like AGL etc.

[CJV002]

What standard deviation do you use for the BBM? 

 

 

20 EMA (exponentiol moving average)  not sma and Bollinger Band Middle

[Plasma]

I concur to Mhlato's use of BBands. One word of advise, remember, there can be many point-fluctuations in the hour candles. Ensure you have sufficient margin to ride the waves to your target. Recently (the past month - with all this QE talk)), trading the 5m in conjunction with the 1m just did not work out, due to too many breaches (or false positives) recorded. Currently, the 15m is also starting to suffer the same. I am definitely going to look into upping the scale into the 1h views then

I thought you were a 15 min man....

Since Sunday I started experimenting with a combination of a 2, 5 and 10 EMA, mainly on 5 min chart, up to 30 min chart. If in a position, the. sell if 2 min cross 5 min, and prepare for buy if 2 min cross 10 min. This in conjunction with context provided by BB, stochastic and RSI, as well as US futures and FTSE.

Has helped me to reduce impulsive trading, but SL facility to be added for me to really test it. Since it is lagging indicators, and it being on a short time scale, the uncertainty when it is forming is increased. Easy to see afterwards. Will play around with the 20 MA and 20 EMA as well. Argento always refers to the, I think, 20 EMA crossing the 89 MA.

[JBlack]

Took a buy of FTSE to stay above 6200 and hence the ALSI will follow up. Was bit nervous earlier but it appears that V is actually forming. More like a bucket tho....

Glad I cleared that binary before the 12h00 cut off with a small profit. Phew.

Agreed A, I think we will drift lower from here until the big announcement at 14h30. This is the one figure Bernanke said will drive the Fed decisions regarding QE and tapering. Hence, good figures = drop and bad figures = rise? Concur?

[Argento]

 

Short @ 34685, charts confirming more downside to come!

Might get a really good long entry later this week/early next with a new low!

A

 
Ok, we are about to get a bearish cross (21 over 89) on the 30min chart, thus much more red coming..

July is still a bullish month so after this final washout (into next week?)we should see good gains!

A

[Lekkerry]

I concur to Mhlato's use of BBands. One word of advise, remember, there can be many point-fluctuations in the hour candles. Ensure you have sufficient margin to ride the waves to your target.

 

Recently (the past month - with all this QE talk)), trading the 5m in conjunction with the 1m just did not work out, due to too many breaches (or false positives) recorded. Currently, the 15m is also starting to suffer the same. I am definitely going to look into upping the scale into the 1h views then

[JBlack]

Took a buy of FTSE to stay above 6200 and hence the ALSI will follow up. Was bit nervous earlier but it appears that V is actually forming. More like a bucket tho....