35854 replies to this topic

[Roundtree]

no sweat Roundtree never change your sys mate...not for a plonker like me anyway

 

but i think 44067 gap closes...if we are stay short...there's another chance for you..

dow could try another go at 16330

 

but indeed...my call and yours indeed was right for a healthy scalp....R5000 for 3 contracts from 44044 today would been sweet

 

and switserland pays the piper again.

It happens. 43732 is my long entry. Let's see if this one pays. Happy days.

[ZoomZ]

aaaaah xx 830 you princess..

 

a little long now to try 44000

[ZoomZ]

erratum

 

that should read...'if we are TO stay short...' you may get another chance up at 44067

[ZoomZ]

no sweat Roundtree never change your sys mate...not for a plonker like me anyway

 

but i think 44067 gap closes...if we are stay short...there's another chance for you..

dow could try another go at 16330

 

but indeed...my call and yours indeed was right for a healthy scalp....R5000 for 3 contracts from 44044 today would been sweet

 

and switserland pays the piper again.

[Roundtree]

roundtree...i hope you haven't missed a trick due to a readjustment of your system calcs mate...the market could have topped right near  your 44044 / 80 level...i only fear us spiking higher due to dow testeting 13340..55 ema that's all...if you can bite the margin press for a bit it might pay to be short some here...if 6 is your normal bags of contracts, 3 would pay handsomely for a gap close at 43900...if we spike up, close and wait..or ride the pony.muento luck.

Too late, brother. Damn! 

[ZoomZ]

mx 125

 

clarity is great...

 

but have you not just established that ig cash is at futures price....

 

it's that funny IG SA top 40 number that is confusing the proletariat

 

here is another SA top summin ....confuser

 

http://www.igmarkets...ue&skin=rebrand

 

 

dow tested close to my 16340...hit 16331..... sweet.

 

sitting on 55 ma now...she  gonna go for it higher??

 

there's my alsi girl closing 43900 now..she's a beauty hey!!

 

43830??

 

 

 

[mx125]

Hi ZoomZ, you guys are confusing the newbies. Are you talking about the Alsi F or IG cash?

 

On this subject, can I ask every trader to please specify  (F) or © when posting any figures.

[ZoomZ]

alsi moving countertrend....does 43900 gap wanna close ?/ sure she does..

 

pivot standing in the way ...so maybe a spike back to 44067 to close the gap left up there then close 43900

 

free money man.

 

dow spoiling party like i predicted...

 

but gold and swiss markets down

[ZoomZ]

ok mx125

 

i have never rolled contracts...but we get an email before closeout of one wants to roll...the problem I see is not costs....a position costs  R11 plus vat..and trade that is one way.

 

they will get you into the new contract....what I do not understand completely is the price differential due to interest carry....a new contract is pregnant with 1 quarter of a years interest (Jet rate or BA rate whatever)

so at the current rate of interest this is about 250 points.

 

so the roll over make weird sense when say:

a. one is short one would be LOSING say the 250 points as one would be rolled over into the new contract at a higher starting price ...logic impplying one is short lower than the new contract.

b. also weird with a long rollover is one would be long the new contract 250 higher so in the money.

 

costs  = i believe nothing...or R11 per trade/contract

 

I never did comprehend this....

 

I heard institutions rollover mainly. if I am wrong...show me..much obliged. regardless i just click over the new contract before 11 am...normally I short the new contract because as I said  here many time...it always compresses the interest points within hours///days. religiously. last time it did not cmpress the whole 250...it compressed 207 points. I still believe we shall close 42997.

 

[mx125]

It expires on 19/06/14 at 11:00

Last rollover Time  10:45

There is cost involved. Has something to do with the closing level of the day before last dealing day +/- closing spread and new position in next contract opened at official closing level of the new contract from same day, =/- 60% opening spread.

 

Can't say I understand it 100%. Will have to see a physical example of how it's done.

Sorry, did not answer your full question. There is no cost before the expiry date, but you also do not receive dividends when you are long 

[mx125]

mx125 ...indeedsimilar for sure...we are at 44000 round right now...so you are at our price.

 

eggsplain that pour mois s'il vous plait

Thanks ZoomZ,  

[mx125]

On that subject: What happens when I keep an IG SA 40 Futures (Jun14) contract at the expiry? Does it roll over into the next (Aug14??) contract? Any costs? Am I right in saying there's no overnight costs in keeping an IG Futures contract, or are there still financing costs for the geared position?

It expires on 19/06/14 at 11:00

Last rollover Time  10:45

There is cost involved. Has something to do with the closing level of the day before last dealing day +/- closing spread and new position in next contract opened at official closing level of the new contract from same day, =/- 60% opening spread.

 

Can't say I understand it 100%. Will have to see a physical example of how it's done.

[Sunesis]

I took a burn on my previous short.

Was not nice. That is why I dont like trying to trade the longer term.

 

IMO, anyone short this market is in for a beating.

We will need some news event to give us a correction, if no news comes, I suspect that we will only get a reasonable correction just before US finishes up it tapering, so only in near the end of the year do I see a correction coming.

 

I dont see anything that changed the view of buying the dip.

 

Not even Ukraine issue can take us down, or so it seems. 

You are trading without patience. Your stops and money management are probably not quantified properly.

 

Reduce your pip size and add shorts at infliction points. Infliction points are normally supply zones. ( R2 and R3)

 

When the market moves up with no reason, it will also move down with no reason. It's a double edged sword, it works both ways.

 

Look at your account and ask yourself if ALSI goes to 45000, how much will i be loosing. But anyway this a different trading style.

 

I know your style is in and out.

 

My style is trade and hold. This way you have  more consistent wins. This style required more mental discipline and patience

[ZoomZ]

mx125 ...indeedsimilar for sure...we are at 44000 round right now...so you are at our price.

 

eggsplain that pour mois s'il vous plait

[ZoomZ]

roundtree...i hope you haven't missed a trick due to a readjustment of your system calcs mate...the market could have topped right near  your 44044 / 80 level...i only fear us spiking higher due to dow testeting 13340..55 ema that's all...if you can bite the margin press for a bit it might pay to be short some here...if 6 is your normal bags of contracts, 3 would pay handsomely for a gap close at 43900...if we spike up, close and wait..or ride the pony.muento luck.

[mx125]

wont post the pic

The question is; If my buying price is 44015.00 at 15:13, what was your price at the same time?

[BBW]

On that subject: What happens when I keep an IG SA 40 Futures (Jun14) contract at the expiry? Does it roll over into the next (Aug14??) contract? Any costs? Am I right in saying there's no overnight costs in keeping an IG Futures contract, or are there still financing costs for the geared position?

[Sunesis]

I agree with you on the Dow; 16321 is how I see it. But there's a possibility of retracing to 16111 (to give the other kids a chance to play) before the push up to 16300. 

 

Regarding the ALSI, I can see 44187 being reached today. I know I should wait until then but I can't. My system strictly says I make no decision when it comes to trading. However, if we haven't reached 44044 by 14h30, I'll cancel the order and recalculate my entry, as that will be a sign that the banksters are looking for an all time high; an entry for a short for me, I guess.

 

Let's see. Happy days, brother.

Dow 16400 max, then we go back to 16170

ALSI 43750 then back to 42700, infact any shorts above 43600 will reward big time depending on what type of trader you are. Just sit and add as it goes higher.

 

Last chance to short the bugger. 

 

This is the setup i was waiting for, yummy

[ZoomZ]

wont post the pic

Attached Files

•  ig top 40 cash.JPG   25.87KB   4 downloads

[ZoomZ]

ok ...i use the pricestream screens from IG cash it says IG cash SA top 40 43650 right now....i dont have their trading screens... so what does their homepage pricestream allude to if your screen price is 44056? here's a pic