35854 replies to this topic

[delta66]

sold half..43900

balance at 44000..over and out!

[strydomk]

So much for caution before NFP.

[delta66]

long again 43800

sold half..43900

[Argento]

I don't think we're going to go over 45000 TOP40F come the 08th but will see, around 44800ish might be a good number for that biiiiig top and that 'ultimate short trade', ECB announcement that day and TOP40 usually puts in a significant top, so holding my longs for the last push....!

 

Cycles will soon take over and start the journey south...can't wait!   

 

A

[delta66]

long again 43800

[delta66]

adding to short at 43910(from 43820)

out 43810

[CPvanWyk]

Now for the waiting game.

[CPvanWyk]

closed my short trade at 43790

[CPvanWyk]

I am taking a short now at 43920 and will add overnight if ti reach 44000. Billiton / Anglo and most gold companies more than 1% down. BAT up however. Looking for it to go to 43750 tomorrow again, hopefully before 9am. This is only short term as is should go up after the dip again for last up move.

 

 

 

 

 

[Plasma]

Chubby and Gymbaby. These aliases appear to be the definition of an oxymoron.

Wow! Are you sure "GB" isn't an alternative pseudonym for trader "Chubby" that used to be on this forum? He regularly predicted and achieved trades of that type. Good for you, go for it! Its coming....sooner or later.


Of course we can dream! I thought that's why we all do this.....money for nothing.

Yip....Chubby chucked the tinkies and now sweats the Gym!

[Ninja]

Dow attempting breakthrough of significant resistance for the 3rd time this week.... I'm really scared to put any money on the table here.... Sell in May is another button waiting to be pressed. Sitting on my hands waiting for direction

[gamma]

Chubby and Gymbaby. These aliases appear to be the definition of an oxymoron.

Wow! Are you sure "GB" isn't an alternative pseudonym for trader "Chubby" that used to be on this forum? He regularly predicted and achieved trades of that type. Good for you, go for it! Its coming....sooner or later.

Of course we can dream! I thought that's why we all do this.....money for nothing.

Edited by gamma, 01 May 2014 - 06:18 PM.

[Shortboy]

None taken SB..I agree that with the J200 sitting at 18 it is expensive so not much value to be had locally..just saying that in $ terms the PE is lower. But im in the same camp as you on not wanting to get caught on the long end of the stick so im stuck to scalping 200-400 points a trade. Ultimately im wanting to play a 8000 point trade on the short and then do the reverse for a 11000 point trade on the long. Just think of all the commision im saving on just those two trades If I get it right im gonna start a new thread and name it "The Ultimate Trade" and post a screenie of it. We are allowed to dream arent we?

Wow! Are you sure "GB" isn't an alternative pseudonym for trader "Chubby" that used to be on this forum? He regularly predicted and achieved trades of that type. Good for you, go for it! Its coming....sooner or later.

 

Of course we can dream! I thought that's why we all do this.....money for nothing. 

[bear catcher]

So with data out what is your take GB.

[Vertebrae]

Nice and it fits in with the current US Elliott wave pattern as well, calling for the primary wave 3 to end soon

 

Elliot of SPX by Caldaro places today in iii of 3 of extension II of Primary 5.

The future gets a hurry on?

Ipso- iii needs to go to at least 1900 and 5 of extension II to at least 1920

[M e r l i n]

My first ever stop cost me big money on Steinhoff the other day, it briefly touched my stop and closed me out, only to finish quite respectably - so no more stop for me, ever.

Just keep your eye on the ball and stops not required.

shortboy!..you have a great strategy that seldom fails if position size is managed correctly .  psychology/mindset play a pivotal role in success when trading this discipline.

 

i seldom have stops set as account can handle large drawdown..been doing this a long time with big payoffs.

 

thanks for sharing and best of luck!

[gamma]

Sometimes, one needs to question age old rules, especially stop loss rules that have been ingrained into us by the trading fraternity. 

 

If you have a market maker constantly seeking your stop loss and making money out of it, why have one?

 

For the moment I choose an open ended position. At worst I will consider taking out a contra position to the one I have ...without a stop loss. Regulate the size of the bet to what your account can sustain.

 

I couldnt agree with you more. Much better idea to open hedges as pseudo stop losses. That way you have the opportunity to make money off the swing in the price as well. 

[delta66]

shortboy!..you have a great strategy that seldom fails if position size is managed correctly .  psychology/mindset play a pivotal role in success when trading this discipline.

 

i seldom have stops set as account can handle large drawdown..been doing this a long time with big payoffs.

 

thanks for sharing and best of luck!  

[Shortboy]

We might have an extended PE ratio but its not that expensive in dollar denominated terms. Our stocks are still reasonably priced to an overseas investor or fund manager

Please don't take offence GB but our ALSI 40 is currently disguising our overall market. Its extremely expensive. Its almost like seeing Nov 2008 and Feb 2009 all over again....for me that is. Everyone to their own opinion.

 

I guess as long as interest rates stay low we will probably rise with the rest....just don't want to be caught out on the long end of things when that day happens. That could be a 20% day.

[Shortboy]

My play is to increase very small shorts as we rise over a longer time frame, The last play delivered a collective net >+1000 points across all positions on the pull back, but got a bit sweaty from time to time.

Sometimes, one needs to question age old rules, especially stop loss rules that have been ingrained into us by the trading fraternity. 

 

If you have a market maker constantly seeking your stop loss and making money out of it, why have one?

 

For the moment I choose an open ended position. At worst I will consider taking out a contra position to the one I have ...without a stop loss. Regulate the size of the bet to what your account can sustain.