35854 replies to this topic

[Sunesis]

the dow tea cup plays 16600 retest...on the 30 minute chart..dow rising on low volume as usual...control desks pushing it higher.. aussi asx has me befuddled though..especially as it has a mid range MACD cross...and japan is sick..both might be a good reactive long imo someone here spoke of impulse thrust higher..the final one....this all looks like short covering...I hope so. the only thing helping shorts is 'nervousness' but pushing higher begets short covering..and so up it goes.

ASX better risk reward

 

 

The Australian dollar is causing all the risk on mood. It's also influencing the Rand. USD/ZAR just hit 200DMA (hedgefund special) time to load up big.

USD/ZAR is OS and AUD/USD is OB

 

Gold is back up, supporting AUD and ZAR

 

Gold stocks will start dancing again

 

Contrarian trading is a lonely sport

[gannet]

although I did say the tea cups setups on UK and Dow were perfect ..alsi had one too and that alsi could spike to 44238/368 or so..is that morning gap another breakout gap..does it fill now or for a retest of 44000 which we could not breach with a closing candle..or new highs for 7 days. about to hit top channel now

 

I like the higher of your targets. Might that be the TOP? Time will tell

 

Good call with your "830" yesterday 

[ZoomZ]

alsi breaks out of the november channel..but the wedges worry me...their shapes stink of multiple points converging for a fake out and I still subscribe t the 10% correction theory 3 years overdue alsi continues to back test and bounce ride its 55emas (basis daily chart)..it has not tested that line for days..since march 20..closeout day in all my experience I have never seen so many down gaps be left open...alsi has gaps down to 22000 points and 10 gaps from 35000 to 44000. amazing.

[ZoomZ]

the dow tea cup plays 16600 retest...on the 30 minute chart..dow rising on low volume as usual...control desks pushing it higher.. aussi asx has me befuddled though..especially as it has a mid range MACD cross...and japan is sick..both might be a good reactive long imo someone here spoke of impulse thrust higher..the final one....this all looks like short covering...I hope so. the only thing helping shorts is 'nervousness' but pushing higher begets short covering..and so up it goes.

[ZoomZ]

although I did say the tea cups setups on UK and Dow were perfect ..alsi had one too and that alsi could spike to 44238/368 or so..is that morning gap another breakout gap..does it fill now or for a retest of 44000 which we could not breach with a closing candle..or new highs for 7 days. about to hit top channel now

[Argento]

well done to those that called for new highs..kudos

Thanks Z...and welcome back!

 

A

[ZoomZ]

well done to those that called for new highs..kudos

[Sunesis]

How high can they go.

 

[Hedge]

Thank you. You have just risen in my opinion. Not that, that counts for much but thanks anyway.

[Sunesis]

Sunesis. Your posts are valuable here but to have your anti American view shoved into our faces ALL the time is really irritating and this forum is not the place for it.

Imagine if we all did the same thing.

This is not the place for the promotion of ones personal political views. 

Have you ever considered that your view might be offensive to others?

Nobody else is doing it.

I, and I am sure many others, would be most grateful if you could please just stick to what this forum is all about and take your non trading opinions somewhere else.

No verbal response necessary and certainly, hopefully, no abuse.  

Sorry for the abuse

[Hedge]

Sunesis. Your posts are valuable here but to have your anti American view shoved into our faces ALL the time is really irritating and this forum is not the place for it.

Imagine if we all did the same thing.

This is not the place for the promotion of ones personal political views. 

Have you ever considered that your view might be offensive to others?

Nobody else is doing it.

I, and I am sure many others, would be most grateful if you could please just stick to what this forum is all about and take your non trading opinions somewhere else.

No verbal response necessary and certainly, hopefully, no abuse.  

[Vertebrae]

Not a good idea to be going short just yet.

[Sunesis]

Sunesis, do you ever sleep..?

Finding your posts very interesting and informative, though..
Thx!

I trade Asian session also, but mostly forex, nikkei and gold

[bear catcher]

HDB how about a scalp trade before open I need the money

[duster.382]

Sunesis, do you ever sleep..?

Finding your posts very interesting and informative, though..
Thx!

[Zero Hedge]

He seems good, remember that most of these guys are not jumping in and out of the market. They put  trade and wait until it hits target. The accounts are bigger, so the profit is worth the wait.
 
 
Most of the people who trade in the forum want quick trades. Some accounts cannot sit 3 weeks for R10 000 profit. This is what forces retail traders to keep firing trades at every chance they get. Bigger accounts can sit for 3 weeks waiting for R90 000 or R150 000. Hence retail traders make the most losses. I would suggest to recharge your account if you want to make trading worth your buck.
 
I am more settled with waiting for targets.
 
Firing left right and center makes more losses than sitting it out.
 
Good website, with good setups.
 
Plus DOW and S&P500 are more technical indices. ALSI is just a wild beast.
 
You can actually make more money with S&P 500 than ALSI, i have a 0.3 spread on my S&P500 index. I don't even need 1 pips to be in the money.

Cool and thanks.

[Sunesis]

In fact S, your commercial aspirations make your posts and thoughts no longer worthy of looking at.

 

Good luck with your venture. 

 

Cheers

You don't have to look at my posts, just look at your trading account.

I don't have any commercial aspirations. I just enjoy my trading. I love it        

[Shortboy]

Not interested WHATSOEVER.   

In fact S, your commercial aspirations make your posts and thoughts no longer worthy of looking at.

 

Good luck with your venture. 

 

Cheers

[Shortboy]

He seems good, remember that most of these guys are not jumping in and out of the market. They put  trade and wait until it hits target. The accounts are bigger, so the profit is worth the wait.

 

 

Most of the people who trade in the forum want quick trades. Some accounts cannot sit 3 weeks for R10 000 profit. This is what forces retail traders to keep firing trades at every chance they get. Bigger accounts can sit for 3 weeks waiting for R90 000 or R150 000. Hence retail traders make the most losses. I would suggest to recharge your account if you want to make trading worth your buck.

 

I am more settled with waiting for targets.

 

Firing left right and center makes more losses than sitting it out.

 

Good website, with good setups.

 

Plus DOW and S&P500 are more technical indices. ALSI is just a wild beast.

 

You can actually make more money with S&P 500 than ALSI, i have a 0.3 spread on my S&P500 index. I don't even need 1 pips to be in the money.

Not interested WHATSOEVER.   

[Sunesis]

Those with international platforms, the ASX200 look like a fat pitch

 

It needs to be striked (short it like there in no tomorrow)

 

Also buy USD/ZAR below R10.40, the 200DMA is very close. That's a hedge fund special to buy from 200DMA