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ALSI Trades


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#27201 Argento

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Posted 19 November 2013 - 02:18 PM

At an important juncture here...look at the graph and the uptrend line she touched again this morning since the June low...if broken I am getting out of my longs!

 

So 40300ish (futures) is key support and MUST hold!

 

Can't but think of that nasty weekly reversal candle....hope it does not create more downside together with the daily macd that crossed the 0 line...!

 

A

 


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#27202 Olymphia

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Posted 19 November 2013 - 01:44 PM

Why thank you sir S!

 

:D

L

 

Thank you too for this.

 

O


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#27203 Jonker

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Posted 19 November 2013 - 01:36 PM

The coach really needs to give a stern talk right about now, else I'm going to fall asleep...

http://www.youtube.c...h?v=8KWUANVhF8c

 

Inappropriate?


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#27204 davidp13

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Posted 19 November 2013 - 01:29 PM

The coach really needs to give a stern talk right about now, else I'm going to fall asleep...


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I find trading like body surfing, catch the right one and you will make it all the way to the beach.


#27205 gringots

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Posted 19 November 2013 - 12:46 PM

if I had a slightly larger account, I would probably buy another almi here... 40325.

 

But I don't, so I won't.

 

Ha! in your face greed!


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"Attitude produces better overall results than analysis or technique, of course the ideal situation is to have both, but you really don't need both, because if you have the right attitude the right mindset then everything else about trading will be relatively easy even simple and certainly a lot more fun." - Mark Douglas, Trading in the Zone.

 

Don't listen to me, I'm a market Rookie.

 


#27206 gringots

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Posted 19 November 2013 - 12:17 PM

My general rule of thumb, if I were to lose 1000 pips on this trade where would my wife hide my body

 

Words to live by... :lol:


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"Attitude produces better overall results than analysis or technique, of course the ideal situation is to have both, but you really don't need both, because if you have the right attitude the right mindset then everything else about trading will be relatively easy even simple and certainly a lot more fun." - Mark Douglas, Trading in the Zone.

 

Don't listen to me, I'm a market Rookie.

 


#27207 Django

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Posted 19 November 2013 - 12:03 PM

Thanks so much guys, it's really appreciated. Just need this to move up to 41250 now 😰😥😀
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#27208 Lekkerry

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Posted 19 November 2013 - 11:54 AM

har har, you funny chameleon! 

 

:P

 

Ahh...the perma bear is back ;)


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From your perspective, Lekkerry is faceless and to a degree nameless, so any opinions expressed are just that, opinions from someone on the Internet  :D


#27209 Lekkerry

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Posted 19 November 2013 - 11:52 AM

Why thank you sir S!

 

:D

 

 

Very good explaination


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From your perspective, Lekkerry is faceless and to a degree nameless, so any opinions expressed are just that, opinions from someone on the Internet  :D


#27210 Sunesis

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Posted 19 November 2013 - 11:50 AM

Money Management (when trading) is simple:

Do not expose more than 2 – 3% of your trading on any given trade. So if your trade flops, do not lose more than the 2-3%.

 

The more difficult part is your trading strategy (regime and discipline). In theory, using the above Money Management strategy, will allow you to never lose all of your trading capital, BUT there will come a time when the money remaining (after many losing trades with little to no winning trades), you cannot physically adhere to the Money Management strategy anymore. So the goal is to balance your preservation strategy for money management with your growth strategy (trading strategy) for wining trades. It is a double-sided ethos.

 

Example: R100k trading account. Do not risk more than 2% per trade, thus a trade may never incur a loss in excess of R2k. This leaves you with trading a single Mini or 2 x Micro contract(s). Your trading strategy will be better if you allow a couple of 100 points leeway, so now you are left with trading 2 Micro contracts on ALSI (assuming IG) of which you will not risk / incur more than 500 points loss (a healthy margin in current market if you ask me).

 

If it is not clear, money management (how much and at what risk) is one side of the formula, the other is your actual trading strategy(when, how long and in which direction).

Very good explaination


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No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.


#27211 Plasma

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Posted 19 November 2013 - 11:48 AM

Money Management (when trading) is simple:
Do not expose more than 2 – 3% of your trading on any given trade. So if your trade flops, do not lose more than the 2-3%.

The more difficult part is your trading strategy (regime and discipline). In theory, using the above Money Management strategy, will allow you to never lose all of your trading capital, BUT there will come a time when the money remaining (after many losing trades with little to no winning trades), you cannot physically adhere to the Money Management strategy anymore. So the goal is to balance your preservation strategy for money management with your growth strategy (trading strategy) for wining trades. It is a double-sided ethos.

Example: R100k trading account. Do not risk more than 2% per trade, thus a trade may never incur a loss in excess of R2k. This leaves you with trading a single Mini or 2 x Micro contract(s). Your trading strategy will be better if you allow a couple of 100 points leeway, so now you are left with trading 2 Micro contracts on ALSI (assuming IG) of which you will not risk / incur more than 500 points loss (a healthy margin in current market if you ask me).

If it is not clear, money management (how much and at what risk) is one side of the formula, the other is your actual trading strategy(when, how long and in which direction).


And also I know it's a broad question and many opinions, but what's the best way to money manage?


Ahh...the perma bear is back ;)
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The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business.  :)


#27212 Sunesis

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Posted 19 November 2013 - 11:48 AM

Just a question, I'm trying to learn and protect myself. Over exposed unfortunately. With the majority of markets down, and the U.S due to recent highs possibly opening on the down do you think we could go below the 39800 level? And also I know it's a broad question and many opinions, but what's the best way to money manage?

1st is to never loose more than 3% of your account on a trade, maximum is 10%. The best way is to have a lot of different instruments to trade, because they don't all go up or down at the same time. 

Trade Bonds,Gold,Oil,Forex and different indices.

 

Today the Heng Seng went up, but top40 is down. Nikkei can go up and Dow can go down. Only on a broad based sell off, markets go down at the same time. If today was a broad based sell off, the Chinese stock market would have not went up.

 

Money management equals knowledge of the global market, so you know were to put your money.

 

Study different markets to diversify your money, that;s also good money management.


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No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.


#27213 Lekkerry

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Posted 19 November 2013 - 11:42 AM

Money Management (when trading) is simple:

Do not expose more than 2 – 3% of your trading on any given trade. So if your trade flops, do not lose more than the 2-3%.

 

The more difficult part is your trading strategy (regime and discipline). In theory, using the above Money Management strategy, will allow you to never lose all of your trading capital, BUT there will come a time when the money remaining (after many losing trades with little to no winning trades), you cannot physically adhere to the Money Management strategy anymore. So the goal is to balance your preservation strategy for money management with your growth strategy (trading strategy) for wining trades. It is a double-sided ethos.

 

Example: R100k trading account. Do not risk more than 2% per trade, thus a trade may never incur a loss in excess of R2k. This leaves you with trading a single Mini or 2 x Micro contract(s). Your trading strategy will be better if you allow a couple of 100 points leeway, so now you are left with trading 2 Micro contracts on ALSI (assuming IG) of which you will not risk / incur more than 500 points loss (a healthy margin in current market if you ask me).

 

If it is not clear, money management (how much and at what risk) is one side of the formula, the other is your actual trading strategy(when, how long and in which direction).

 

And also I know it's a broad question and many opinions, but what's the best way to money manage?


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From your perspective, Lekkerry is faceless and to a degree nameless, so any opinions expressed are just that, opinions from someone on the Internet  :D


#27214 CPvanWyk

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Posted 19 November 2013 - 11:27 AM

Long 40350 t/p 40515 and 40630 on futuresAttached File  alsi.pdf   70.62KB   19 downloads


Edited by CPvanWyk, 19 November 2013 - 11:30 AM.

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#27215 Django

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Posted 19 November 2013 - 11:26 AM

Just a question, I'm trying to learn and protect myself. Over exposed unfortunately. With the majority of markets down, and the U.S due to recent highs possibly opening on the down do you think we could go below the 39800 level? And also I know it's a broad question and many opinions, but what's the best way to money manage?
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#27216 CPvanWyk

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Posted 19 November 2013 - 11:24 AM

FTSE siting on support line where hourly break happpend. If it goes up from there i guess it will be good for our markets if the rand does not gain to much strengh.

 

 

Attached Files

  • Attached File  ftse.pdf   16.67KB   16 downloads

Edited by CPvanWyk, 19 November 2013 - 11:28 AM.

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#27217 Sunesis

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Posted 19 November 2013 - 11:11 AM

S,

 

I really admire your positive attitude!

I just have a question for the analysts following, which obviously includes you...

 

The variables and fundamentals I am taking into account at the moment is

 

1. SA futures on investing.com (some differ..)

2. S&P futures

3. USD/ZAR

 

All of those look very red... The variables that have not been taken into account yet is the German economic sentiment (only because it has 3 bulls..) and the speeches later this afternoon.

 

Are you only banking on favourable data or are there other technical factors you take into account.

 

The "buy the dip" strategy has been working very well for me lately but I feel like its nothing more than a psychological thing.. 

 

I am definitely not trying to criticize anyone, because my knowledge is way too limited..

 

Thanks!! 

I take a look at the 5 top companies which actually move the Top40. BHP,NPN,CFR,SAB,BAT

 

All this companies are still above their key supports.

Top40 still above 39800

 

Nobody knows what's going to happen in the markets. But everybody has their own throw in the towel levels based on their trading behavior,phycology and money management.

 

The Rand has been gaining strenght lately, that's why our big cap stocks took a breather. But now the USD/ZAR is sitting on support. 

 

Since we are a global economy, the S&P hit 1800 round number yesterday. So it is also taking a breather before Santa rally.

All that's happening in the markets now is normal. The 39800-40600 range continues. Bulls will revise thier positons once we close below 39800 and hold. Bears will revise their shorts once we are above 40600 and hold. Its a tug war now.

 

Don't forget that S&P can move down, and top40 can stand still.

 

Yes stocks are in a bubble, but Grandma Yellen does not care. She even said the markets wont hold her hostage.

Draghi said he will do whatever it takes.

 

The comes a time in your life when you have to accept that things change. Markets are moved by central banks these days, not fundamentals.

Those who are still looking at PE levels and fundamentals are the ones who have been getting tanked since 2009.

 

Everyday they sing the same song, "It's going to drop" has been their favorite song since 2009. Its maybe their hit single.

 

We all know it's going to drop someday, but for now its not.

 

Keep buying.

 

Viva La Bull :P  :P  :P  :P  :P


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No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.


#27218 davidp13

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Posted 19 November 2013 - 11:09 AM

Im waiting for the hour graph to turn convincingly. I might loose out on some profit, but learnt my lesson last week.
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I find trading like body surfing, catch the right one and you will make it all the way to the beach.


#27219 gringots

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Posted 19 November 2013 - 11:01 AM

long almi 40304


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"Attitude produces better overall results than analysis or technique, of course the ideal situation is to have both, but you really don't need both, because if you have the right attitude the right mindset then everything else about trading will be relatively easy even simple and certainly a lot more fun." - Mark Douglas, Trading in the Zone.

 

Don't listen to me, I'm a market Rookie.

 


#27220 Beorn

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Posted 19 November 2013 - 10:55 AM

I said I will only follow the trend from now,

So I have broken my own rule.

 

All info is priced into the market, so maybe there are some insiders out there that know something we dont know yet, and they are selling causing the price drop.

So, in other words, the only way we will know what the insiders know, is to follow the trend.

IMO


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Alsi future

 

I only post my views, not advice






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