35854 replies to this topic

[Sunesis]

S, you are taking some pain now. Tell us, will you keep your longs open overnight if not in profit? Still have 500 point stops on all three?

 

K

It's hard for me now, but i have to stick to my trading plan.

[Sunesis]

BTW Sunesis,

 

Do you still see some upside today? Or will you be a 2-day trader for current price action? Those US futures are going blood red and EU indices are also dropping steadily...

At the moment i am getting clopped hard. But my 1st long will hit my stop at 40000 for a 500 point loss, if it continues going down.

But i suspect some upside to come. I am watching 6 markets now. The sell off looks broad based, but its not aggressive in other markets.

 

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.

[Mafuta24]

You guys know what is the best feeling in the world! Being able to write your own paycheck. Even if you are an employed trader, a little extra cash in the pocket apart from you salary is great! Trading in my world is my business. I manage my money like the way I would have.managed my business. Calculated decisions with risk measuring. I stick with one core principle - what am I prepared to loose! Thanks for all the valuable input from everybody. It helps the forum grow!<br /><br /><br />Sent from my GT-I9100 using Sharenet Sharechat mobile app<br /><br />

[K~~]

S, you are taking some pain now. Tell us, will you keep your longs open overnight if not in profit? Still have 500 point stops on all three?

 

K

[Argento]

nice one argento just sold my deutshe waves for a triple ,my daily schol just touched zero looking to go long or should i wait for the one hour schola to confirm and for support to hold?

Nice one!

 

I would wait..US also going to join on the downside!

 

See she is going at it now, 40000 (futures) might also be the low (uptrend line)!

 

Deutsche is bringing out a new call tomorrow, strike at 39500, going to be close!

 

A

[franky]

nice one argento just sold my deutshe waves for a triple ,my daily schol just touched zero looking to go long or should i wait for the one hour schola to confirm and for support to hold?

[franky]

Even me and Jakes was at it at some point..but we should not get personal!

 

A

[Mhlato]

Now where did i put that PivotPoint calculator that can calculates S4, 5 and 6 

[Argento]

Hallo C leg!!

 

Looks like we're going to break that 40350ish (futures) level, she is dropping to fast..not that I complain!And the US also needs to join in the fun!

 

See there is a H&S formation (thanks Redeemer) but I see a target of 39806 (futures) for a possible low later this week!

 

A

Think the 39806 (futures) level is coming into play now...is OPEX week in the States so the blood should flow until friday!

 

A

[gringots]

Does anyone have an idea of a bottom fig for this bear?

 

Dec alsi figures...

 

I thought it was in at 40381, then I thought it was in at 40305... and you know what thought did...

 

Thinking now it will probably close the gap around the 18th-21st of October.

 

If it blasts through that its probably go all the way to  40034ish(fibo 50%).

 

Don't know if it will get there today though, Argento probably has a more educated opinion than I.

Edited by gringots, 13 November 2013 - 02:04 PM.

[JBlack]

Moved stop to 40212 locking in 300 points profit, limit or target still 39980

Well played Tekkie!

[JBlack]

_{Chubs, where are you?? I call on the forum to join me in calling back....The Chubby}

 

_{Got a good thing going here, learning a lot and might even be a good idea to grab some beers sometime, depending on where most traders resides!}

 

_A

CCCHHHHHHHUUUUUUUUUBBBBBBBBBBBYYYYYYYYYYY!!!!!!!!!!

[Tech Trader]

Moved stop to 40212 locking in 300 points profit, limit or target still 39980

[Argento]

_{Chubs, where are you?? I call on the forum to join me in calling back....The Chubby}

 

_{Got a good thing going here, learning a lot and might even be a good idea to grab some beers sometime, depending on where most traders reside!}

 

_A

Edited by Argento, 13 November 2013 - 01:56 PM.

[JBlack]

BTW Sunesis,

 

Do you still see some upside today? Or will you be a 2-day trader for current price action? Those US futures are going blood red and EU indices are also dropping steadily...

[Olymphia]

s

 

Is this the dip u spoke about this morn. ?

 

O

[JBlack]

Should you not start a new topic for this discussion?

Hahahahaha! Well said tjom.... Just like another forum/thread I know....

 

BTW chaps. Remember, long term trading versus day trading is very relative. For me short term = my binary option on FTSE expiring at 2pm, long term = my binary option on SATop40 expiring at JSE close..... But all opinions matter. The more info the better. The skill is choosing which of the info to use....

[gringots]

Conspiracy theory: AntiSunesis is Sunesis!

 

He got tired of posting but needed an excuse to stop! ;-P

 

 

 

Thank you very much for your kind words.

 

 

I'm sorry if i offended you.

It really shows how a trading enviroment can get agrresive. That's the nature of trading.

Wish you the best in your trading.

 

And to grant your wish, i will not comment anymore.

I am very sorry, please forgive me.

I know you have a good heart.

 

May God bless you

 

Enjoy your day.

[davidp13]

Does anyone have an idea of a bottom fig for this bear?

[AntiSunesis]

Like I said. I agree with you on some points. Because this is a public forum and we are all (trying to be) professionals, keep it professional - that goes for both the Sunesis derivatives....

 

Agreed.