31 votes
The Oracle
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
Alsi future
I only post my views, not advice
The Oracle
Posted 19 November 2013 - 10:49 AM
Taken a small long @ 40230
Sorry for the post fact post, but was looking @ screen closely waiting for 40200 to hit.
I still have a buy order in @ that level.
Alsi future
I only post my views, not advice
Advanced Member
Posted 19 November 2013 - 10:49 AM
Can't resist...this is too appetising...1st long @ 40091. Looking to add as she goes down.
Newbie
Posted 19 November 2013 - 10:45 AM
Last long 40160
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!!
Little Master
Posted 19 November 2013 - 10:44 AM
I find trading like body surfing, catch the right one and you will make it all the way to the beach.
Sage
Posted 19 November 2013 - 10:35 AM
Last long 40160
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Sage
Posted 19 November 2013 - 10:22 AM
After the dust settles, we'll be going home.
Hang on to the Bulls Horn
This is how a bull ride feels like.
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
The Oracle
Posted 19 November 2013 - 10:17 AM
Nice one!
A
Thanks,
Closed short @ 40390
Might be early, but why be greedy.
Alsi future
I only post my views, not advice
The Artist
Posted 19 November 2013 - 10:16 AM
O'
I thought you wanted to go short but got caught up in the chatter.
I am still short, waiting to go long.
Nice one!
A
"Never never never give up!"
The Oracle
Posted 19 November 2013 - 10:11 AM
If we drop to +- 40200. I'm closing short and going long.
That is if we dont change direction before 40200
Alsi future
I only post my views, not advice
The Oracle
Posted 19 November 2013 - 10:09 AM
Nope it hasn't...so still long!
But she is getting close to my stoploss though...she is nearing the 5H 89, if broken we are going down again!
A
O'
I thought you wanted to go short but got caught up in the chatter.
I am still short, waiting to go long.
Alsi future
I only post my views, not advice
The Artist
Posted 19 November 2013 - 10:06 AM
A, has your trading strategy let you down many times in the past?
Nope,
So why not stick to it?
Nope it hasn't...so still long!
But she is getting close to my stoploss though...she is nearing the 5H 89, if broken we are going down again!
A
"Never never never give up!"
Sage
Posted 19 November 2013 - 10:04 AM
40330
2nd long 40288
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
The Oracle
Posted 19 November 2013 - 10:02 AM
Sure hope you are right...just feeling very uneasy at the moment!
Markets are quite stretched and is troublesome that we haven't ran out of the blocks yet...we look weak, but maybe just a little more patience...!
Let's hope that theory of the US indexes not having a correction over round figures (16000) proves it...
A
A, has your trading strategy let you down many times in the past?
Nope,
So why not stick to it?
Alsi future
I only post my views, not advice
Sage
Posted 19 November 2013 - 09:46 AM
Sure hope you are right...just feeling very uneasy at the moment!
Markets are quite stretched and is troublesome that we haven't ran out of the blocks yet...we look weak, but maybe just a little more patience...!
Let's hope that theory of the US indexes not having a correction over round figures (16000) proves it...
A
When people are scared to buy. Its time to buy.
If it goes against you, then it hit your stop. Simple as that.
I buy when everybody is scared. It's made me rich so far
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Sage
Posted 19 November 2013 - 09:43 AM
1st long 403330
40330
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Sage
Posted 19 November 2013 - 09:43 AM
1st long 403330
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
The Artist
Posted 19 November 2013 - 09:42 AM
Yeah...The big bounce off 1800 yesterday at about 21:30 on the SP500 looked a bit nasty to me. I don't see this down action as too worrying at the moment. just profit being taken the table in the wake of SP500 yesterday
Sure hope you are right...just feeling very uneasy at the moment!
Markets are quite stretched and is troublesome that we haven't ran out of the blocks yet...we look weak, but maybe just a little more patience...! 
Let's hope that theory of the US indexes not having a correction over round figures (16000) proves it...
A
"Never never never give up!"
Master
Posted 19 November 2013 - 09:38 AM
looks like a good buy from 40400
Sage
Posted 19 November 2013 - 09:31 AM
I honestly don't like this at all....we got a lower low than yesterday so need to watch as this can transpire into something bad...daily MACD resting on the 0 line....let's hope she bounces back!
Chubs,
If she clears this then I also see a potential target of 41450ish spot...but for some consolidation before heading higher!
A
This Ichan story will die down. Santa rally still needs to happen.
The US indices are overbought. They might need to reverse before the Santa rally starts.
Some funds are taking profit. Just also remember that a lot of hedge funds were sitting with cash waiting for the big drop.
They now realise that the big drop is not coming. They are forced to buy into January to make their portfolios look profitable.
Just as long as 39800 holds, don't mind the noise keep buying
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
