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ALSI Trades


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#27821 Argento

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Posted 13 November 2013 - 09:33 AM

US looks ready to join us on the downside...line in the sand for the SPX is 1740...if broken more blood will flow!

 

But with healthy internal rotation going on, NYSE McClellan Oscillator already reaching relatively low readings and the DOW (large caps outperforming) confirming that new high got a feeling she is not going to crack it!

 

TOP40 correction is very much regulated and slowly making her way down to the 40350ish (futures) target zone...should only then be time for the bulls to start dancing again! :P

 

A


Edited by Argento, 13 November 2013 - 09:37 AM.

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#27822 K~~

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Posted 13 November 2013 - 09:31 AM

Curse all you Bulls with all your buying. Take your cash and go buy Bonds instead. Give the Bears a chance. But I refuse to become a Bull today. Otherwise all the Bulls will turn into Bears and I will be the pig!


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#27823 Sunesis

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Posted 13 November 2013 - 09:28 AM

The world's largest global diversified natural resource company will be listing this morning on the JSE. (Glencore)
It should be a big player by market cap. Want to see how it effects ALSI when they include it.
 
It will be best if they include it while the market is still down or dropping. It makes it more appetizing for the bulls to buy the ALSI. 
 
I think it's market cap is R700 billion
 
 
 
 

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#27824 Sunesis

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Posted 13 November 2013 - 09:19 AM

Agrresive traders can can buy 40450. I have a buy there.

I have 2 more long entries planned if we go down today.

 

Just remember that the market wants all the pigs to jump in 1st.

 


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#27825 Mhlato

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Posted 13 November 2013 - 09:15 AM

I support you sentiment M, but sometimes the probabilities are of such a nature that one must manage the trade as it develops.

Did say it was a speculative trade....worked out well in the end....bagged 50 points.

 

Nice, glad it worked out for you :D


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#27826 ptomli

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Posted 13 November 2013 - 09:12 AM

My stop loss finally trigger on ALMI. Ho hum


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#27827 Plasma

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Posted 13 November 2013 - 09:12 AM


I took a long @ 40 450, since I did not hear any negative news about China in general. Position is now green. Was a bit of a speculative trade, but also banking on a opening spike upwards, since we are already so far down ito IGM data.


Do I now have the guts to wait longer...or take what I can get....


Plasma, are you trading a system or what your gut tells you?

One of the rules in designing a system is that you should now your exit point (S/L or P/T) before you even enter the trade. :)

I support you sentiment M, but sometimes the probabilities are of such a nature that one must manage the trade as it develops.

Did say it was a speculative trade....worked out well in the end....bagged 50 points.
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#27828 Sunesis

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Posted 13 November 2013 - 09:07 AM

Don't be scared, how are you going to enter a long trade if the market does not dip a little.

Yellen might be hawkish so that the senate can give her the job. But we know that she will not be hawkish when she gets the job.


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#27829 Sunesis

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Posted 13 November 2013 - 09:01 AM

Buy the dip which comes when London opens at 10h00

 

Just remember bears only enjoy for a few days. Bulls enjoy for years.

 

This is just some profit taking. It also gets some bears tail wagging a little. 


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


#27830 Beorn

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Posted 13 November 2013 - 08:36 AM

The question is, will you recognize the turn?

Our climb has been QE fueled, the drop will also be QE (end) fueled.

I see this drop as tapering starting to be priced in, could get ugly.

 

But its worked for you so far, you def have a bigger pair than me.

 

ps. The trend is your friend, but watch for the bend at the end. 

 

Perfect opportunity to say,,,,,,,

Told you so......

 

Now if Yellen sounds Dovish tomorrow, We should reverse all the losses and head for the skies again, but until then, bears should be in control. 


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Alsi future

 

I only post my views, not advice


#27831 Mhlato

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Posted 13 November 2013 - 07:38 AM

I took a long @ 40 450, since I did not hear any negative news about China in general. Position is now green. Was a bit of a speculative trade, but also banking on a opening spike upwards, since we are already so far down ito IGM data.

Do I now have the guts to wait longer...or take what I can get....

 

Plasma, are you trading a system or what your gut tells you? 

 

One of the rules in designing a system is that you should now your exit point (S/L or P/T) before you even enter the trade. :)


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#27832 K~~

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Posted 13 November 2013 - 07:28 AM

For some reason I'm unable to quote my previous posts, so:

 

Argento's C leg down is here!

 

Planning to close my shorts (as per posts from 1 Nov @ 40785 and 4 Nov 40875, and another one I didn't post @41303) at todays' lows. First target 40350-ish and then 40150-ish.

 

Should the bears really claw into it, then 39850-ish could come into play.

 

K


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#27833 Plasma

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Posted 13 November 2013 - 07:22 AM

I took a long @ 40 450, since I did not hear any negative news about China in general. Position is now green. Was a bit of a speculative trade, but also banking on a opening spike upwards, since we are already so far down ito IGM data.

Do I now have the guts to wait longer...or take what I can get....
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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.  :)


#27834 davidp13

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Posted 13 November 2013 - 06:49 AM

it might play out tomorrow and then friday, as someone predicted, will be the day of the bull again.


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#27835 Redeemer

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Posted 13 November 2013 - 06:39 AM

And if that H&S on the 3H chat plays out...we're heading for 40000...then the bulls will be in again :P

 

bears are having a serious go at this market now and using china as the excuse...

 

wonder what the day will be like then?


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#27836 davidp13

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Posted 13 November 2013 - 06:23 AM

bears are having a serious go at this market now and using china as the excuse...

 

wonder what the day will be like then?


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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.


#27837 Plasma

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Posted 13 November 2013 - 06:02 AM


Trust it works out for you :)

For me, it's short covering driving prices up. Look at each end of each session. Sell the rally.

Great :)
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#27838 Shortboy

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Posted 12 November 2013 - 11:03 PM

Trust it works out for you :)

For me, it's short covering driving prices up. Look at each end of each session. Sell the rally.


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IG SA40


#27839 Plasma

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Posted 12 November 2013 - 10:50 PM

I went Short at 49750. With 300 points or so S/L


Trust it works out for you :)
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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.  :)


#27840 Shortboy

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Posted 12 November 2013 - 10:36 PM

A Roodebergie is quite fine!

Did not hear much about the Chinese developments. Wonder what the east will do tomorrow....

I went Short at 49750. With 300 points or so S/L


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