35854 replies to this topic

[Argento]

Big turnaround day for the FTSE and with strong positive divergence the bulls are coming...

 

A

Lift off on the FTSE!!

 

Key levels on the SPX to watch, 1850 and 1883..she bounced off 1850 again last night so if she challenges the upper level again change is good going to break out to the upside!

 

The bullish weekly reversal candle still dictating the intact uptrend!

 

A

[Beorn]

Hang on in there, brother. There's money to be made in this game. BTW, that was a beautiful entry. Perfect timing. 

 

Thanks RT.

 

I'm not looking to hold to long, not feeling it atm.

[Beorn]

can anyone please look at the 5 min FTSE chart..I see a head and shoulder forming...left shoulder and head already formed.right shoulder formed half way and if it hits the support line when made possible big fall....Can anyone confirm or am I seeing what I wan to see??

 

To me it looks like we bounced of the neckline just now. So no drop confirmed yet

[Argento]

Hi A

 

What do you mean with pension funds move accounts on 17/18th April?  Why these dates specifically?

Hi T,

 

If you look back at previous year charts in most cases the trend changed on the 18th April, friend of mine from Absa Cap confirmed that the pension funds let their clients move money for free on one day in the year...and that is the date!

 

So keep a reminder for when we get there, that is my date for when the bullmarket could top this year..fits in with the seasonal topping timeframe as well but in the end mr market will show us!There is a close resemblence to the 2008 top too currently.

 

A

[HDB]

can anyone please look at the 5 min FTSE chart..I see a head and shoulder forming...left shoulder and head already formed.right shoulder formed half way and if it hits the support line when made possible big fall....Can anyone confirm or am I seeing what I wan to see??

Edited by HDB, 25 March 2014 - 02:18 PM.

[RBM]

BIG Bear trap in play...I'm adding shorts

turn around by either tonight 22h00 or tomorrow 14h00 or tomorrow 22h00, I will be adding shorts at these times...

[Roundtree]

Back in @ 43000

Hang on in there, brother. There's money to be made in this game. BTW, that was a beautiful entry. Perfect timing. 

[Sunesis]

Short 42600 stop 43100

 

Holding short from 42430 stop 42900

 

Short DOW 16340

[Roundtree]

Actually I don't see a bear trap at all. From what I can see, the market's been in pain since 42570. They've reached 43000, which I should have seen before placing my order. However, they just might try to squeeze a few shorts but that's about it. We'll get back to 42570 first thing tomorrow morning. This is normal price action as far as I can see. 

 

On the other hand, trade your system and don't pay attention to me. My trade doesn't look good at all (short 6 @ 42715 Jun 14), so maybe I'm biased. 

 

I'm just wondering when they'll get to 43015 and bring this up move to an end. Waiting for some bogus data perhaps? We'll see.

[Trendspotter]

Hi A

 

What do you mean with pension funds move accounts on 17/18th April?  Why these dates specifically?

 

 

[HDB]

If we close today above Bollinger band  MA on the dailies, I would say we are heading for 43 000 resistance on alsi cash, if we break that then possible new highs. With A on that one for a longer term view. Jakes, think we should see a small retraction when US opens but that would just be some noise for the uptrend. If you can scalp say 200 pips that would be great.

HDB, I must say your morning trades are excellent and much appreciated! 

Thanks Dallas...but some people talk about ego and mine bigger than yours. Instead of thanking and learning,  they run us down!!!

Today at 8am this morning I posted that trade for all to benefit and gain...and guess what...when I came to my office at 8;15am it was deleted and gone....So someone is envious or what I don't know.. I had to repost it again at 8:29am nut im sure it was too late for most to do that trade at that entry point!!

[Roundtree]

Actually I don't see a bear trap at all. From what I can see, the market's been in pain since 42570. They've reached 43000, which I should have seen before placing my order. However, they just might try to squeeze a few shorts but that's about it. We'll get back to 42570 first thing tomorrow morning. This is normal price action as far as I can see. 

 

On the other hand, trade your system and don't pay attention to me. My trade doesn't look good at all (short 6 @ 42715 Jun 14), so maybe I'm biased. 

[Argento]

A you been calling it for the last week or so...Bet u smiling ear to ear!!

Not my easiest 'sitting tight' session but starting to pay off!

 

Mr market always busy with patterns, looks like we have a diamond formation (same as last year September) that broke out, PF count is the length of the diamond so we might push for 45000 in April, but will follow the price!

 

17/18th April key dates when pension funds move accounts so I'm expecting something to happen then..this bull is on it's last breath!

 

A

Edited by Argento, 25 March 2014 - 01:50 PM.

[Dallas]

If we close today above Bollinger band  MA on the dailies, I would say we are heading for 43 000 resistance on alsi cash, if we break that then possible new highs. With A on that one for a longer term view. Jakes, think we should see a small retraction when US opens but that would just be some noise for the uptrend. If you can scalp say 200 pips that would be great.

HDB, I must say your morning trades are excellent and much appreciated! 

 

[HDB]

my calc says about 150 points fat in the alsi...and pound is strengthening...so short it ...but think outside the box...if we all go short, market maker takes it up again and we sqqquuueeezzzeddd   again!!

[RBM]

BIG Bear trap in play...I'm adding shorts

[davidp13]

Jakes is busy again guys...make sure you are ready for something

[K~~]

Long @42108

Out for 510 points green!!!    

[Beorn]

I'm calling the top for today.

 

IMO, bulls will start running scarred when US opens and we close the day @ +- 0.5% up.

 

Just my opinion though

[Beorn]

Closed this one @ 42900

 

Back in @ 43000