35854 replies to this topic

[UpAnDdOwN]

Hey guys how does this 24 hour trading on IG markets affect the ALSI trading.

As an example yesterday the close was 42905 but IG markets has since dropped 300 points since then over night..

Does it balance out over the course of the day or is it completely separate?

[Beorn]

Well done Jakes, really well done! 

 

Thanks AJ.

 

I had to fight everything in me to go long. But paid off luckily.

[davidp13]

If it doesn't go back to 41600, I'm in deep, deep trouble!

Short 42850
I suspect you will be ok...20ema here we come!

[Sunesis]

Please Crash

 

Left Side is Dow Price in 1929

Right Side is Dow Price yesterday, as it was braking down yesterday.

 

The right side needs to do what the left side did in 1929

 

 

https://www.tradingv...com/x/7WINhIoH/

[Sunesis]

China PMI employment sub-index lowest since February 2009

That's when the bull market started

[K~~]

I will be happy for a 48, we need a 20% correction

Not quite 48, S, but close enough.

Your Downside target for ALSI?

[Sunesis]

Keep Selling

 

[K~~]

48.3! Fear is back!

[K~~]

41600 anyone 

Will take 42000. Don't be greedy..

[Sunesis]

Cross Roads

Its 1929, the Sky's about to Fall ! Its 1928, its Lift off ! Confused?

 

 

[Sunesis]

China HSBC/Markit Flash reading for manufacturing PMI for February – What is the impact likely to be?

Due at 03h45: HSBC/Markit Flash reading for manufacturing PMI for February

• expected is 49.5
• prior was 49.5

Let’s look at some scenarios and assess what the impact is likely to be for each…

If the reading comes in at 49.5 or close to (49.4 – 49.6):

• This will be as expected (or close) and the impact may not be large … continuing to create fear of a China slowdown

If the reading comes in at 49.7 – 49.9 :

• This would lead to less fear in the markets (a potential turnaround for China?) and a slightly better positive for ‘risk’

If the reading comes in at or above 50 (putting the index back into ‘expansion’):

• Will be very positive for ‘risk-on’ sentiment Stocks and Commodities
• AUD will view it as a very positive input

If the reading comes in well below 49.5 (say, below 49.3)

• It will reignite China slowdown fears
• Negative for ‘risk’ and for the AUD and Stocks

 

[scallywag]

41600 anyone

Keen!

[AJS]

haha..Im gonna check if you are awake!!! give me ur cell...I will give u a wake up call!

 

Hahaha! /browses through phonebook to find someone's number I don't like

 

Early days, but look at the current SP500 daily candle.

 

*edit*, I definitely don't want to see the PMI numbers THAT bad!

 

*edit 2* no pun intended!

Attached Files

•  SP500_19Feb2014.png   40KB   27 downloads

Edited by AJS, 19 February 2014 - 08:45 PM.

[AJS]

Lol and just look at that ...SP futures reversed that .5 percent as well..Lets see if they can hold 1840

 

Watch the 1840 pivot.  Then set your alarm clocks for 03:45 and log onto Twitter.  

[Lekkerry]

Thanks. (in the real-world maybe yah. P.s. IG close to hitting 43k again!)

 

I feel better having vented though! 

 

9 point turn around on SP500 futures...thats .5 of a percent..I noticed that a 1 % drop on SP500 equates to about 400 pips on IG

Thats just a casual observation 

[Sunesis]

Lets hope for 48 and get this drop going

I will be happy for a 48, we need a 20% correction

[bear catcher]

Lets hope for 48 and get this drop going

[Sunesis]

Sunesis do you perhaps know consensus on forecast cina numbers

49.5

 

It needs to go above 50 for bull market 

[Lekkerry]

Look, IG has been very kind (or at least, my trading has been good this past couple of weeks), but how IG is choking J200 right now, is just irritating! a 200 point drop (and falling) since market close   

 

'twas at the tipping point for a massive short, now this cave-in puts J200 below a realistic entry (using IGM) right now.

[bear catcher]

Sunesis do you perhaps know consensus on forecast cina numbers