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ALSI Trades


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#20581 Argento

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Posted 11 April 2014 - 11:03 AM

42800 futures yes..is also where an important uptrend line lies!

 

The market is like a puzzle, figure out the pattern and you know the count!

 

I see a mini double top formation confirmed and should guide us there into next week, VIX is high so calls for volatility on the cards and means the moves can get big!

 

US not done with their downside as well!

 

A

Double Top!

 

Look where the trendlines meet....that is my target for my shorts!

 

A


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#20582 Vertebrae

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Posted 11 April 2014 - 11:02 AM

Looks like good news = bad news got a short half life

Bears maybe busy researching for more good news


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#20583 Argento

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Posted 11 April 2014 - 10:58 AM

A, are you saying that we may go all the way down to 42800? That sounds like a big move, brother. Besides the MACD is there anything else that you're basing that on?

42800 futures yes..is also where an important uptrend line lies!

 

The market is like a puzzle, figure out the pattern and you know the count!

 

I see a mini double top formation confirmed and should guide us there into next week, VIX is high so calls for volatility on the cards and means the moves can get big!

 

US not done with their downside as well!

 

A


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#20584 Roundtree

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Posted 11 April 2014 - 10:52 AM

Do we really have to wait til 11h30 to get filled, Mr Market? 

 

Brothers, the thread is quiet; what happened to all the bears? How serious do you think this drop is? Should I also go short and follow the trend?


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#20585 Roundtree

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Posted 11 April 2014 - 10:41 AM

Our daily macd is bearish so price can play tricks now...should be a quick drop (42800 TOP40F?) into next week then backup!

 

Nasdaq is busy with a waterfall impulsive drop and think going to keep going tonight! :rolleyes:

 

A

A, are you saying that we may go all the way down to 42800? That sounds like a big move, brother. Besides the MACD is there anything else that you're basing that on?


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#20586 Argento

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Posted 11 April 2014 - 10:41 AM

Chart of an indicator.

 

attachicon.gifindicator.PNG

What you see above is 2 tradable etf in the US.

I have used both to make an indicator.

Both trendlines are intact and as long as they intact there is no need for panic.

When both reach its trendlines then  it gives buying opportunities.

When trendlines are broken then it will give selling opportunities.

At present sit tight and do bird watching.

The indicator is simple and it eliminates emotional trading.

To newbies a small lesson.

If you trade without a simple system then one day you want to go long and the next day you want to go short.

Now if you add the long plus short then the third day you will do the kamikaze.

Thanks Farouk

 

Do you still see a rather significant top in May after new highs? My take is still need to go back to that 1550 SPX level where se broke out of the consolidation band of 2000-2013, a lot of cyles (7yr/40yr) bottoming in October together with QE ending is a recipe for a good down leg!

 

A


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#20587 Roundtree

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Posted 11 April 2014 - 10:31 AM

ZoomZ, any positions at the moment. And why?


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#20588 farouk

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Posted 11 April 2014 - 10:13 AM

Chart of an indicator.

 

Attached File  indicator.PNG   58.02KB   17 downloads

What you see above is 2 tradable etf in the US.

I have used both to make an indicator.

Both trendlines are intact and as long as they intact there is no need for panic.

When both reach its trendlines then  it gives buying opportunities.

When trendlines are broken then it will give selling opportunities.

At present sit tight and do bird watching.

The indicator is simple and it eliminates emotional trading.

To newbies a small lesson.

If you trade without a simple system then one day you want to go long and the next day you want to go short.

Now if you add the long plus short then the third day you will do the kamikaze.


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#20589 Roundtree

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Posted 11 April 2014 - 10:05 AM

roundtree seems you dont like shorting mate..that true? interesting....how you gonna make moolah during the downturn....maybe you sit out the down markets and go large on the upswing huh..huh?? sweet

I don't mind taking shorts at all. I just think this market still has a lot of steam in it. Like I said I could have gone short at 43731 but it's not really my style to trade like that. 

 

I've got a buy order for 6 at 43470. But now that you've brought it up, I think I'll also place a sell order for 2 contracts at 730 and see what happens.

 

Happy days. 


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#20590 Roundtree

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Posted 11 April 2014 - 09:54 AM

roundtree good trading fella..that second wave down retest did not matterialise...well done

Thanks, brother.

 

Remember I said I'm buying anything below 43590? That was just my ego talking- essentially it would have been a revenge trade - so I didn't. I'm going downstairs to make some coffee now. When I come back, I'm going long at 43470.  

 

I could actually short this thing to 43480 but it's not part of the plan. 


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#20591 ZoomZ

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Posted 11 April 2014 - 09:47 AM

not bad call of 43740 resistance...now retest 517 i hope.
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#20592 Argento

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Posted 11 April 2014 - 09:45 AM

sweet one argento one problem right now for the shorts is the japan market should bounce...even a little....italy should bounce a little....aussi could bounce a little...so dow would get a sympathy bid...and pull alsi up a llittle...i am not short at the momo i would love these little bounces to close our alsi up gap...then hammer the short side for a good week of bull-pain. it s a view seems to be going now...japan holding 14000 by the skin of its chinny chin chin

Our daily macd is bearish so price can play tricks now...should be a quick drop (42800 TOP40F?) into next week then backup!

 

Nasdaq is busy with a waterfall impulsive drop and think going to keep going tonight! :rolleyes:

 

A


Edited by Argento, 11 April 2014 - 09:46 AM.

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#20593 ZoomZ

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Posted 11 April 2014 - 09:40 AM

roundtree seems you dont like shorting mate..that true? interesting....how you gonna make moolah during the downturn....maybe you sit out the down markets and go large on the upswing huh..huh?? sweet
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#20594 strydomk

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Posted 11 April 2014 - 09:37 AM

I'm seeing very little fear in the market right now. Most of my shares are up except gold. I really expected much worse.
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#20595 Roundtree

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Posted 11 April 2014 - 09:37 AM

I've changed my mind.

 

Looks like we are coming back to 43731, brothers. Or is it 43810? I think it's 43731. Well, if we do, I'll be closing my long position and going short all the way down to 43277. 

 

Hey, why the long faces? This is a beautiful market to trade. Happy days.

And out at 43715 for a loss of 185 points x 2 contracts (I went long at 43900). 43731 was reached but I'm not selling this bad boy. I'm waiting for a buy below 43470. 


Edited by Roundtree, 11 April 2014 - 09:38 AM.

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#20596 ZoomZ

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Posted 11 April 2014 - 09:32 AM

roundtree good trading fella..that second wave down retest did not matterialise...well done
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#20597 ZoomZ

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Posted 11 April 2014 - 09:30 AM

a little short punt at 43670.. maybe silly 'cos i really am seeing 43730/57 as the better short entry..then 900 /37 for second batch if we get there but these potential bounces are real..i'd prefer 43300 right now
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#20598 ZoomZ

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Posted 11 April 2014 - 09:19 AM

sweet one argento one problem right now for the shorts is the japan market should bounce...even a little....italy should bounce a little....aussi could bounce a little...so dow would get a sympathy bid...and pull alsi up a llittle...i am not short at the momo i would love these little bounces to close our alsi up gap...then hammer the short side for a good week of bull-pain. it s a view seems to be going now...japan holding 14000 by the skin of its chinny chin chin
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#20599 Argento

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Posted 11 April 2014 - 09:14 AM

Kudo's to the traders that caught last nights drop!!

 

Cutting my longs here for a still 1400 points....sweet!

 

Going short but...only see us filling the double top (not inverted H&S) made yesterday PF count into next week and will go long again, I am with Farouk on new highs to come into May and this not being THE TOP!

 

A


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#20600 ZoomZ

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Posted 11 April 2014 - 09:10 AM

i'm checking the AGL chart put a fibo arc from 245 and we seem to be targeting 251 again.. that should wrench the alsi bulls
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