35854 replies to this topic

[AJS]

Hehe née vir S. Gaan weg met jou kat!!

 

Haha, die kat kom altyd terug!

[Plasma]

Are you going to wait for a pull back before entering?

Me? I am having a too good streak with equities at the moment, will still sit on the sidelines w.r.t ALSI!

Hehe née vir S. Gaan weg met jou kat!!

[OceanWalz]

Quick question..Has anyone developed there own trading system on ProRealtime(IG). What indicators are you currently using and over what time frame? How did you deal with Limits and Stops and mitigating the platform taking out your positions.What is your success rate in backtesting but more importantly what is your average trade gain.

 

This is taking way longer than I thought and am getting a bit frustrated. Would you be willing to share or discuss your code?

 

Thanks guys..(PM if you would rather discuss there?)

Hi Chubby, and welcome back! I think the pros prefer using Metastock , even though they are using IG and get ProRealTime for free for the few using more intricate systems - one problem that I've seen with ProRealTime is that on their T40 and T40Fuures is that their MAs are not correct and will lead to some horribly wrong conclusions based on those- so go and check eg the 20 and 50 d MA's on their IG chart option vs same for their ProRealTime , wh is actually 3rd party - -- please second my opinion as I have never used Metastock and only use basic indicators with no programming on IG's ProrealTime

Edited by OceanWalz, 14 November 2013 - 06:35 AM.

[AJS]

Are you going to wait for a pull back before entering?

 

Me? I am having a too good streak with equities at the moment, will still sit on the sidelines w.r.t ALSI!

Edited by AJS, 14 November 2013 - 06:34 AM.

[Plasma]

Are you going to wait for a pull back before entering?

[AJS]

Can you guys hear it??? #meeeeeaaaauuuuuwwwww!! 

 

It is the cat going past the window on the way up from the bounce on the ground!

 

*edit* Come to think of it, the cat is actually suppose to be dead.  But anyway, just imagine!

Edited by AJS, 14 November 2013 - 06:18 AM.

[Plasma]

Wow....some strong gain overnight....east greeeeeennnnnnn.

[Sunesis]

We have had 2 sell off since 25 June rally.

 

Syria story sell off was about 1300 points from the 27 August top(38900) to 1 September bottom(37650)

Debt deal sell off was about 1700 from the 27 September top (39900) to 9 October bottom(38200)

 

The current sell off is about 1500 from the 7 november top (41500)  to 40 000 current.

 

If we have to follow the last sell off, we would say around 39800 will be a good area for demand. That will be 1700 points same as debt deal sell off.

 

Maybe a correction or profit taking.   Longs are safer if we consider the 39800 bearer. A close below 39800 will start another trend.

 

The S&P dropped to 1735 last week, don't know if that was a one day correction because it's back to the 1760-70 areas.

The Dow is still trading above 15675 top.

The ALSI is maybe dropping because of Chinese shares drop. The Heng Seng droppped below 22600 for the 1st time since September 4th

 

I just keep buying. I will revise my longs if we close below 39800.

So much for a ALSI one day correction.

As i said, a lot of weak bulls were shaken off yesterday.

 

My trades are back in the money. I closed the long from 39860 last night for 400 points.

We will find a lot of short covering today, for those who chase the markets.

 

Buying when its falling is a skill, and it takes a lot of mental fitness. That's why i say it separates the man from the boys.

[davidp13]

Thanks

Best news since last week Friday. Lets see the net effect of this then.

[Sunesis]

Yellen Testimony before the Senate

 

Vice Chair Janet L. Yellen

Confirmation hearing Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, Washington, D.C.November 13, 2013

 

Chairman Johnson, Senator Crapo, and members of the Committee, thank you for this opportunity to appear before you today. It has been a privilege for me to serve the Federal Reserve at different times and in different roles over the past 36 years, and an honor to be nominated by the President to lead the Fed as Chair of the Board of Governors.

 

I approach this task with a clear understanding that the Congress has entrusted the Federal Reserve with great responsibilities. Its decisions affect the well-being of every American and the strength and prosperity of our nation. That prosperity depends most, of course, on the productiveness and enterprise of the American people, but the Federal Reserve plays a role too, promoting conditions that foster maximum employment, low and stable inflation, and a safe and sound financial system.

The past six years have been challenging for our nation and difficult for many Americans. We endured the worst financial crisis and deepest recession since the Great Depression. The effects were severe, but they could have been far worse. Working together, government leaders confronted these challenges and successfully contained the crisis. Under the wise and skillful leadership of Chairman Bernanke, the Fed helped stabilize the financial system, arrest the steep fall in the economy, and restart growth.

Today the economy is significantly stronger and continues to improve. The private sector has created 7.8 million jobs since the post-crisis low for employment in 2010. Housing, which was at the center of the crisis, seems to have turned a corner--construction, home prices, and sales are up significantly. The auto industry has made an impressive comeback, with domestic production and sales back to near their pre-crisis levels.

 

We have made good progress, but we have farther to go to regain the ground lost in the crisis and the recession. Unemployment is down from a peak of 10 percent, but at 7.3 percent in October, it is still too high, reflecting a labor market and economy performing far short of their potential. At the same time, inflation has been running below the Federal Reserve's goal of 2 percent and is expected to continue to do so for some time.

 

For these reasons, the Federal Reserve is using its monetary policy tools to promote a more robust recovery. A strong recovery will ultimately enable the Fed to reduce its monetary accommodation and reliance on unconventional policy tools such as asset purchases. I believe that supporting the recovery today is the surest path to returning to a more normal approach to monetary policy.

 

In the past two decades, and especially under Chairman Bernanke, the Federal Reserve has provided more and clearer information about its goals. Like the Chairman, I strongly believe that monetary policy is most effective when the public understands what the Fed is trying to do and how it plans to do it. At the request of Chairman Bernanke, I led the effort to adopt a statement of the Federal Open Market Committee's (FOMC) longer-run objectives, including a 2 percent goal for inflation. I believe this statement has sent a clear and powerful message about the FOMC's commitment to its goals and has helped anchor the public's expectations that inflation will remain low and stable in the future. In this and many other ways, the Federal Reserve has become a more open and transparent institution. I have strongly supported this commitment to openness and transparency, and will continue to do so if I am confirmed and serve as Chair.

 

The crisis revealed weaknesses in our financial system. I believe that financial institutions, the Federal Reserve, and our fellow regulators have made considerable progress in addressing those weaknesses. Banks are stronger today, regulatory gaps are being closed, and the financial system is more stable and more resilient. Safeguarding the United States in a global financial system requires higher standards both here and abroad, so the Federal Reserve and other regulators have worked with our counterparts around the globe to secure improved capital requirements and other reforms internationally. Today, banks hold more and higher-quality capital and liquid assets that leave them much better prepared to withstand financial turmoil. Large banks are now subject to annual "stress tests" designed to ensure that they will have enough capital to continue the vital role they play in the economy, even under highly adverse circumstances.

 

We have made progress in promoting a strong and stable financial system, but here, too, important work lies ahead. I am committed to using the Fed's supervisory and regulatory role to reduce the threat of another financial crisis. I believe that capital and liquidity rules and strong supervision are important tools for addressing the problem of financial institutions that are regarded as "too big to fail." In writing new rules, however, the Fed should continue to limit the regulatory burden for community banks and smaller institutions, taking into account their distinct role and contributions. Overall, the Federal Reserve has sharpened its focus on financial stability and is taking that goal into consideration when carrying out its responsibilities for monetary policy. I support these developments and pledge, if confirmed, to continue them.

 

Our country has come a long way since the dark days of the financial crisis, but we have farther to go. Likewise, I believe the Federal Reserve has made significant progress toward its goals but has more work to do.

 

Thank you for the opportunity to appear before you today. I would be happy to respond to your questions.

 

 

 

Based on this speech by Yellen, i think tapering will not come now. I highlighted bold and blue so you can see that Yellen is a Super Dove.

She will make Bernanke look like a Hawk when she takes over.

 

Just keep buying the dips          

 

[Sunesis]

So you believe we will go back to 40000?

Separating the man from the boys want a good one at 39860 long.

 

Closed for 400 points.

 

Good night

 

Buy when everybody is scared, that's how i roll.

[davidp13]

So you believe we will go back to 40000?

[Sunesis]

Sunesis were right again i would rather be sitting with a long than a short.Trading not for the faint hearted, buy when going down is very hard but it does pay. I learnt now to look at the bigger picture after the post of the other markets and the correction that our market had today. Simple went long on the dip and now in the green.will add longs on every dip untill we reach 41000 again.

S&P hitting highs.

As i said, people like chasing the market. 

 

Buy when its falling and sell when its rising.

 

But the trend is still up.

 

Just keep an eye on

 

BHP R310

SAB R520

Richemont R100

Naspers R900

Sasol R500

Supports

[bear catcher]

Sunesis were right again i would rather be sitting with a long than a short.Trading not for the faint hearted, buy when going down is very hard but it does pay. I learnt now to look at the bigger picture after the post of the other markets and the correction that our market had today. Simple went long on the dip and now in the green.will add longs on every dip untill we reach 41000 again.

[Plasma]

Long from 30860 doing good, the rest loosing on ALSI and winning trades on NASDAQ

I always make more money with US indices than ALSI, i think i will close shop with ALSI next year.

Tommorrow i will buy CAC and DAX on a dip

No no ....you stay...we need bull

[Sunesis]

Long from 30860 doing good, the rest loosing  on ALSI and winning trades on NASDAQ

 

I always make more money with US indices than ALSI, i think i will close shop with ALSI next year.

 

Tommorrow i will buy CAC and DAX on a dip

[Plasma]

Sitting here contemplating whether another long now would be a good thing....market quite far up since close....don't know what the east will do later.....perhaps not.....tomorrow is another day.....but it is tempting!!

[Plasma]

Sunesis, I just want to thank you for all your valuable information you have been placing on this forum of which I have been following from the side. I have been shooting my trades from the hip but have since learnt a lot from your posts. Do keep it up....

PS : Are there any other ladies on this forum?

Thanks

Some time ago there was a tradergirl.....do not know if she is still around ....

[Sunesis]

Sunesis,  I just want to thank you for all your valuable information you have been placing on this forum of which I have been following from the side.  I have been shooting my trades from the hip but have since learnt a lot from your posts.  Do keep it up....

 

PS :  Are there any other ladies on this forum?

Thanks

[Bev]

Sunesis,  I just want to thank you for all your valuable information you have been placing on this forum of which I have been following from the side.  I have been shooting my trades from the hip but have since learnt a lot from your posts.  Do keep it up....

 

PS :  Are there any other ladies on this forum?