35854 replies to this topic

[Plasma]

Looks like PMI data is trumping at the moment, my long isery  a very very nervous one though

 

S&P getting some legs - that was a long wait - hope it is sustained 

Edited by Plasma, 05 May 2014 - 08:53 PM.

[Shortboy]

Hope you make your 8000-11000 plus points out of your trade GB!

 

I offloaded the "stop loss" long I opened on evening of 1 May @ 43935 during Argento's (bless him!) Fri. afternoon, high probability, short covering @ 44066 and 44060. Am still holding a couple of out of the money shorts at 43 889 and 42 892 which I may add to. Naturally, I will also be opening a counter long on any significant dips, just in case Mr Market takes an opposite view....which in my case, from experience, is almost guaranteed.

Cashed in my previously out of the money shorts at 43675 and 43680. Then took out a long at 43 759 as well as a 50% short hedge @ 43 725. Just small stuff. Aligning my bets to the size of my account and thus enhancing the range I can ride seems to be working quite well......I am almost always long and short at the same time...lets see how it goes.

[strydomk]

A helicopter got shot down today. Does that count?

[CPvanWyk]

It means nothing, just me talking to the market.

[delta66]

couldn't resist adding again 43685 now in avg. 43770

[CPvanWyk]

I started building long position from 43743. Think this is gonne be interesting after hours.

[CPvanWyk]

SPIKE SPIKE SPIKE SPIKE SPIKE ALERT!!!!!!!!!!!!!!!

[BBW]

S&P shooting up, but we're treading water... Any explanation?

[K~~]

Classic return move..and on a Monday makes it just perfect!

 

A

The way you highlight these patterns in the charts makes it look so easy... 

 

K

[BBW]

BBW..have added 43790 and 43743 ave. now 43803   from this level(43803) will only add for every 150p-200p down

Added as well. Ave now 44300 (SA40F). Net long for the 1st time in a LOOONG while, thus little worried....

[Argento]

Hate agreeing with you but you are probably right..The crowded trade might be on the  short and am hoping to cash in at 43600 ish..If you look at the dailes you will see how it gets driven up from there and I will go long again

Classic return move..and on a Monday makes it just perfect!

 

A

[delta66]

BBW..have added 43790 and 43743 ave. now 43803   from this level(43803) will only add for every 150p-200p down

[delta66]

Delta, are you adding? Joined you, but on the SA40F

yes. adding every 100pips

[BBW]

greedy little order long 43890..scalp tp 44000

Delta, are you adding? Joined you, but on the SA40F

[Shortboy]

Hate agreeing with you but you are probably right..The crowded trade might be on the  short and am hoping to cash in at 43600 ish..If you look at the dailes you will see how it gets driven up from there and I will go long again

Also don't overlook ECB interest rate decision on Thursday morning. It could be a major catalyst for an ALSI move. Remember that spike a couple of months back? That must have caused a couple of heart attacks in the day trade fraternity.... 

[BBW]

So tempted to go long from here...?!! On big support line which seems to be holding...  also Fib 23.6 support ...  Techies, am I right? What say you?

[Argento]

Hi , does anyone know the stats/ seasonals for T40 and SP500 for next week? Thanks - 

Cycles topping later this week so should be bullish, a red Monday normally indicates on a bullish week ahead..so new highs again from tomorrow!

 

My forecast for this triangular/inverted H&S pattern is around 44650ish, looks like the Ukraine issues etc is keeping the euphoria buying at bay....

 

The US presidential mid term election has a far more impact on our markets than our election itself..good article from Powerstocks few posts back!

 

A

Edited by Argento, 05 May 2014 - 01:21 PM.

[OceanWalz]

A little advice please. How do we see this election affecting the markets. Any affect at all? Risk off? Rand fluctuations? Etc. I've never traded through an election before.

my take: it is not only the election results that that may affect the Forex it is also what negatives or positives surrounding the event - e.g. when that Ramapele woman and DA parted ways before their 'wedding' it  was met with investing community's  approval - reason being said that ANC would otherwise be less assured of  easy victory and with that 'divorce before the wedding' importantly would not have to make populist promises and noises leaning pro-nationalization of resources/assets and covert support of unions -

 

if ANC scores  majority vote then it is negative bec ruling party will with 'ultimate power corrupts ultimately' and rest too much on their laurels resulting in all talk and not enough action ito of efficiency and cost effectiveness vs corruption and ineffectiveness and poorer economy. if ANC don't see themselves getting  60% then they will be threatened and bring out dirty tactics - and everybody accusing everybody else of foul play - i feel i can already now guarantee that EFF will have riots and declare unfair elections and be unhappy with their probable 8-12% and insist they sould have got 18% ( and remember most EFF votes will come at cost of ANC votes mostly and some of the minority parties) - if resulting violence is enough it will affect the forex and if all goes peaceful then we will gain brownie points and people buy more bonds , SA equities etc. -------- so like earnings it is how far off the results and peace will vary from the forecast of some niggling and ANC getting between 60% and 64% and DA increase their base at the cost of other smaller parties. Also ANC votes are relatively losing urban strength and gaining rural strength - significant when the trend is draining the rural areas to move to cities for survival (and crime stats!) Next elections will likely bring renewed strength to ANC with protege prince Ramaphosa , and darling of business , likely to be elected resulting in international approval possibly - but if one think things are going to improve with ANC re-election ( and that is fait accompli)  then one would be delusional!

[bear catcher]

greedy little order long 43890..scalp tp 44000

 

Hey Delta you are brave ,but good luck. As things stand now we should have dropped more following the red tide on the rest of markets,but it is the ALSI doing its own again

[strydomk]

Surely it can't be that simple. ANC gets 50% or heaven forbid 68%. What if I have to wear a beret on Thurday???