31 votes
Master
Posted 03 February 2014 - 01:09 PM
Sure right...today should be red cause Feb is also going to be a down month (first day of the month)..but I see countertrend bouncing towards 41400ish before the low last week in Feb (cycle low)!We are quite oversold now...
A
Are you trading this, A?
Or still sitting out?
K
"The Stock Market is never obvious. It is designed to fool most of the people, most of the time." - Jesse Livermore.
The Artist
Posted 03 February 2014 - 12:36 PM
Monday is usually counter-trend (Quote: Argento...many, many times)
Sure right...today should be red cause Feb is also going to be a down month (first day of the month)..but I see countertrend bouncing towards 41400ish before the low last week in Feb (cycle low)!We are quite oversold now...
A
"Never never never give up!"
Member
Posted 03 February 2014 - 12:13 PM
Guys, are your IG-platforms very slow as well this week; as well as their SMS notifications of trades?
Have confirmed with 2 people and IG today is very slow
But I'm only a humble student subject to correction.
Little Master
Posted 03 February 2014 - 11:53 AM
It's time for it to go sideways with a upside bias. Buy now 40400 or lower
Stop 40000
I would agree with you, but I am cautious atm. This morning's action alone is scary.
40400 is a nice level to enter a long, but now it's too risky with Alsi. The Rand made a huge comeback this morning.
Do you perhaps know the reason for the strong recovery?
Willing to take a long on SNP and Dow perhaps. Looking for a dip close to open.
Edited by fabes, 03 February 2014 - 11:55 AM.
Sage
Posted 03 February 2014 - 11:46 AM
Bought DAX 9250
Sideways with upside bias.
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Sage
Posted 03 February 2014 - 11:45 AM
It's time for it to go sideways with a upside bias. Buy now 40400 or lower
Stop 40000
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Master
Posted 03 February 2014 - 11:35 AM
Guys, are your IG-platforms very slow as well this week; as well as their SMS notifications of trades?
Exi, impie, exi, scelerae, exi cum omnia fallacia tua
Advanced Member
Posted 03 February 2014 - 10:09 AM
Monday is usually counter-trend (Quote: Argento...many, many times) 
Little Master
Posted 03 February 2014 - 09:41 AM
41k coming.
Wow. Wouldn't be suprised. Think this is a pump and dump?
She's on steriods this morning...
Sage
Posted 03 February 2014 - 09:40 AM
Short 40760
41k coming.
Sage
Posted 03 February 2014 - 09:37 AM
IG CASH
Sage
Posted 03 February 2014 - 09:03 AM
Thank you, but does it make sense to do something like this for one's long term portfolio, especially in such unsure, mostly negative, times like now?
It depends. If you hold it via IG, then personally, I think not. You can hedge via a future, but an option structure might also do the trick?
Master
Posted 03 February 2014 - 09:02 AM
Another stupid question: If I hold long CFD positions with a total exposure of +-R240 000 and 3 short Micro SA40 positions, also with a total exposure of +-R240 000 (3 x 40000 x R2); am I fully hedged and "safe"?
It is seldom that you will be perfectly hedged using IG I think. The only way is when your long/short is in the money by the exact amount that the spread will cause you to incur that initial "loss" when you buy the other leg (long/short). Otherwise you wil just lock in a loss equal to the spread if you can long and short at the same price. Hope it makes sense.
Sent from my GT-I9100 using Sharenet Sharechat mobile app
Thank you, but does it make sense to do something like this for one's long term portfolio, especially in such unsure, mostly negative, times like now?
Exi, impie, exi, scelerae, exi cum omnia fallacia tua
Sage
Posted 03 February 2014 - 08:58 AM
Bearish cross on the 5H made now. Need it below 40400 to target 40k, otherwise 40700-40800 resistance can come into play again.
Little Master
Posted 03 February 2014 - 07:43 AM
interesting thx...so how wide is the double?
is the spread wider after hours...would expect it to be the case...and how much wider?interesting thx...so how wide is the double?
32 points
IG makes it easy for newbies to enter the market, but it is so misleading. The platform is good for normal equities, but not for indexes. After Fridays after hrs action im moving my index trading. Three reasons 1) spread is stupid, 2) charts are skewed due to afterhours and 3) they follow different instruments afterhours so planning is not possible.
Which platform do you have in mind?
Apart from IG you can trade the "normal" SAFEX contracts through most brokers. They can provide whichever platform. I openend a broking account which gave me Swordfish. Yet to try it out though...
Sent from my GT-I9100 using Sharenet Sharechat mobile app
I use Swordfish,
Its got everything I need
I find trading like body surfing, catch the right one and you will make it all the way to the beach.
The Oracle
Posted 03 February 2014 - 07:22 AM
interesting thx...so how wide is the double?
is the spread wider after hours...would expect it to be the case...and how much wider?interesting thx...so how wide is the double?
32 points
IG makes it easy for newbies to enter the market, but it is so misleading. The platform is good for normal equities, but not for indexes. After Fridays after hrs action im moving my index trading. Three reasons 1) spread is stupid, 2) charts are skewed due to afterhours and 3) they follow different instruments afterhours so planning is not possible.
Which platform do you have in mind?
Apart from IG you can trade the "normal" SAFEX contracts through most brokers. They can provide whichever platform. I openend a broking account which gave me Swordfish. Yet to try it out though...
Sent from my GT-I9100 using Sharenet Sharechat mobile app
Alsi future
I only post my views, not advice
Sage
Posted 03 February 2014 - 05:38 AM
interesting thx...so how wide is the double?
is the spread wider after hours...would expect it to be the case...and how much wider?interesting thx...so how wide is the double?
32 points
IG makes it easy for newbies to enter the market, but it is so misleading. The platform is good for normal equities, but not for indexes. After Fridays after hrs action im moving my index trading. Three reasons 1) spread is stupid, 2) charts are skewed due to afterhours and 3) they follow different instruments afterhours so planning is not possible.
Which platform do you have in mind?
Silfen Path Wanderer
Posted 02 February 2014 - 03:30 PM
interesting thx...so how wide is the double?
is the spread wider after hours...would expect it to be the case...and how much wider?interesting thx...so how wide is the double?
32 points
IG makes it easy for newbies to enter the market, but it is so misleading. The platform is good for normal equities, but not for indexes. After Fridays after hrs action im moving my index trading. Three reasons 1) spread is stupid, 2) charts are skewed due to afterhours and 3) they follow different instruments afterhours so planning is not possible.
The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business. 
Little Master
Posted 02 February 2014 - 09:24 AM
interesting thx...so how wide is the double?
is the spread wider after hours...would expect it to be the case...and how much wider?interesting thx...so how wide is the double?
32 points
I find trading like body surfing, catch the right one and you will make it all the way to the beach.
Silfen Path Wanderer
Posted 01 February 2014 - 02:24 PM
interesting thx...so how wide is the double?
is the spread wider after hours...would expect it to be the case...and how much wider?interesting thx...so how wide is the double?
The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business.
