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ALSI Trades


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#21101 RBM

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Posted 31 March 2014 - 05:26 PM

Just a retest of the previous high (breakout point)...bullish IMO! :P

 

A

Im looking for 42600 tomorrow then around 42100 the following day :P


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#21102 Shortboy

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Posted 31 March 2014 - 05:09 PM

Another day done, and another day completely miss-read. Work out the most logical outcome, and do the opposite.

Exactly what one of my buddies told me! You know, it works quite often. Now, where have those short stop loss hunters gone to this evening?


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#21103 Argento

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Posted 31 March 2014 - 05:08 PM

piling on shorts entire day today, tonight looks to be a fall through the crack night

Just a retest of the previous high (breakout point)...bullish IMO! :P

 

A


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#21104 RBM

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Posted 31 March 2014 - 05:04 PM

Be patient and pile in the shorts.

 

Short DOW 16450

piling on shorts entire day today, tonight looks to be a fall through the crack night


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#21105 strydomk

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Posted 31 March 2014 - 05:01 PM

Another day done, and another day completely miss-read. Work out the most logical outcome, and do the opposite.
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#21106 Argento

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Posted 31 March 2014 - 04:13 PM

Why r we down when the planet rallies!!

Resources taking a breather!

 

A


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#21107 gannet

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Posted 31 March 2014 - 04:13 PM

Why r we down when the planet rallies!!

 

Ours is not to wonder why,

Ours is but to do and ..................... profit!  :)

 

(apologies to Kipling)


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#21108 Lekkerry

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Posted 31 March 2014 - 04:12 PM

ZAR/US$

Why r we down when the planet rallies!!

 


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#21109 Ninja

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Posted 31 March 2014 - 04:03 PM

Why r we down when the planet rallies!!
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#21110 Sunesis

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Posted 31 March 2014 - 03:53 PM

Be patient and pile in the shorts.

 

Short DOW 16450

 

 


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#21111 BBW

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Posted 31 March 2014 - 03:33 PM

It would be irrational to use any funds let alone Bond funds to fund a loosing position.. depending on your margin, I would suggest closing your shorts and letting your longs run.. this will allow you to hedge your loosing position

Thank you Playa, all my share  CFD positions are long. Did some adjusting of stops, closed one or two winning positions and with the help of the ALSI dropping a bit, my R100k margin deficit was sorted. Now already took 2 hedging longs. Also sitting with big loosing positions in NPN, PNC and ACL, but they've been solid today. My bond money safe for now; my back-up plan. :)


Edited by BBW, 31 March 2014 - 03:34 PM.

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#21112 Argento

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Posted 31 March 2014 - 03:22 PM

Me thinks US is breaking out and tomorrow's China manufacturing going to drive markets up..IMO!

 

NYSI is bullish!

 

A


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#21113 delta66

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Posted 31 March 2014 - 02:03 PM

Ocean, correct it's some time off.  wouldn't surprise me alsi breaks new highs in the interim.  have no position but when i go short it'll be off the next record high


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#21114 OceanWalz

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Posted 31 March 2014 - 01:11 PM

hey farouk..hope you well, been quite for some time. re: alsi have the same view on a correction tied to fed policy

Hi Delta, it makes sense , but is'nt that Fed policy on interest rates increase set vaguely for next year only? 


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#21115 delta66

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Posted 31 March 2014 - 11:48 AM

hey farouk..hope you well, been quite for some time. re: alsi have the same view on a correction tied to fed policy


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#21116 Argento

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Posted 31 March 2014 - 11:45 AM

Hi

A&O

Sorry could not reply earlier.

Note i am trading curriencies at present so not much time for charts.I do come to the forum from time to time just to see whats peoples opinion on the Alsi.

My opinion on the Alsi at present is bullish but its time to take money off the table.The market is getting tired at present highs and there is just too much off dumb money following into the Alsi.Shorters should keep an eye for a reversal candle on a change of trend soon.

The big picture is still bullish for World markets.The more they print the higher we go.At present there are talks from the Fed of increasing interest rates but so long as they don't make any confirmed decision then any pullback will be a buying opportunity.Here is a link below that everyone should study which is about margin debt.One could go back to previous corrections and study to see what happened.The only problem with this site is that it takes a month to update its figures so March figures will only be available end April.My opinion is wait for a confirmed Fed tightening monetary decision which should lead to a drop in margin debt as your trigger for a massive correction.

 

http://www.nyxdata.c...3153&category=8

 

Happy trading and all the best

Farouk

Thanks Farouk!

 

Agree on waiting for that bearish weekly reversal candle for confirmation..until then I'm staying long, got a possible PF count (diamond formation) of around 45300ish before the big bear awakes! ;)

 

A


Edited by Argento, 31 March 2014 - 11:45 AM.

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#21117 farouk

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Posted 31 March 2014 - 11:34 AM

Hi

A&O

Sorry could not reply earlier.

Note i am trading curriencies at present so not much time for charts.I do come to the forum from time to time just to see whats peoples opinion on the Alsi.

My opinion on the Alsi at present is bullish but its time to take money off the table.The market is getting tired at present highs and there is just too much off dumb money following into the Alsi.Shorters should keep an eye for a reversal candle on a change of trend soon.

The big picture is still bullish for World markets.The more they print the higher we go.At present there are talks from the Fed of increasing interest rates but so long as they don't make any confirmed decision then any pullback will be a buying opportunity.Here is a link below that everyone should study which is about margin debt.One could go back to previous corrections and study to see what happened.The only problem with this site is that it takes a month to update its figures so March figures will only be available end April.My opinion is wait for a confirmed Fed tightening monetary decision which should lead to a drop in margin debt as your trigger for a massive correction.

 

http://www.nyxdata.c...3153&category=8

 

Happy trading and all the best

Farouk


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#21118 BBW

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Posted 31 March 2014 - 10:15 AM

Bond/Savings money NOT EQUAL TO Trading money!

 

Only trade with funds that you can afford to lose.

 

So close those CFD's and get back to liquidity...

 

My 2c...

 

K

Of the same mind, but almost closed my huge CML long, and look at it going now. Taking up huge margin though, as every time I try to use a SL with Coronation, I get 'spiked' out. :angry:


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#21119 Playa

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Posted 31 March 2014 - 10:13 AM

Guys, please help me here: Should I close my CFD longs (those in profit) and get some margin to hedge my short position on the ALSI or what? I don't really want to use some more bond or savings money... Too late to close my AlSI shorts; doesn't fit in with my plan anyway. (No comments re money management please; I know! Not the best strategy.) Or use the bond money??

It would be irrational to use any funds let alone Bond funds to fund a loosing position.. depending on your margin, I would suggest closing your shorts and letting your longs run.. this will allow you to hedge your loosing position


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#21120 BBW

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Posted 31 March 2014 - 10:12 AM

Whilst the percentage of net new 2-week highs exceeds the percentage of net new 10-week highs, the bulls will be in charge and shorts will continue to experience pain. Until then, we remain long.

:unsure: Thanks. Still expecting a big correction (depression) within 6 months time, though?


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