35854 replies to this topic

[Beorn]

Last long 40650.

 

Now to sit and make watch a movie and let the money roll in.

 

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. 

[Sunesis]

Bought second dip 40700

Last long 40650.

 

Now to sit and make watch a movie and let the money roll in.

[Sunesis]

Bought second dip 40700

[BBW]

B, the nightmares could be a sign you're over exposed...and that's bad for trading psychology.

However, if your total amount at risk is say less than 3% to 5% of your portfolio, ag then you shouldn't really worry.

*You probably also won't need to close totally, but to reduce the leverage.

...and I'm still laughing at the R800K nightmare

Yes, I think you "slaan d spyker op d kop". Laughing because it's a small amount for you??  Not so funny at the time, but maybe a reality call? Had a similar dream about NPN shooting the stars out, just the night before it actually did!

[Redeemer]

B, the nightmares could be a sign you're over exposed...and that's bad for trading psychology.

However, if your total amount at risk is say less than 3% to 5% of your portfolio, ag then you shouldn't really worry.

*You probably also won't need to close totally, but to reduce the leverage.

...and I'm still laughing at the R800K nightmare

 

 

Thanks for all the advice guys. Yes, it was a nightmare actually!   R, why do you say I should close those positions VERY fast?? For my own peace of mind? I prefer A's scenario...

 

Closed my short at 40800, missed out on another 50 points, reopened now at 40750 and will consider opening a long around 12h00 (ala S).

[Sunesis]

I trade multiple lot trading. I can have more than 3 buy areas in a dip.

 

All my trades which i buy on every dip today are set to close at 40850.

So i keep buying every time it falls. That's how you make money.

 

We are in a 40600-40900 range. If you buy between that range you are sure to make money.

The closer you buy to 40600 the better. The closer you sell to 40900 the better.

 

But as you know me, i never sell in a bull trend.

[BBW]

Thanks for all the advice guys. Yes, it was a nightmare actually!   R, why do you say I should close those positions VERY fast?? For my own peace of mind? I prefer A's scenario...

 

Closed my short at 40800, missed out on another 50 points, reopened now at 40750 and will consider opening a long around 12h00 (ala S).

[Sunesis]

Buy 1st dip 40740

[Sunesis]

S, I don't know NEARLY as much as you do and also a perma-bull actually (that's the way the economy is engineered; why people do business), but yesterday's peak was at 09h00, dip at 12h00 and another smaller peak at 14h30 with a smaller dip then down to doing nothing all night??

That's because of low volume, but the trend is up.

When the market does that, its best to be on the side of the trend. 

 

Trading on low volume means you can trade the dips more than once a day.

 

Buy at 40700, close at 40800. You can do this many times a day.

[BBW]

Today will be the same as yesterday.

 

We start off with a dip, which should be bought. Don't trade opposite the trend.

Whatever trade you make, make sure it's on the long side. 

 

By 13h00 we will will have a small breakout, which longs can close for profit.

US open we will dip then buy again for night trade. Then close around 22h30 for final trade of the day.

 

S, I don't know NEARLY as much as you do and also a perma-bull actually (that's the way the economy is engineered; why people do business), but yesterday's peak was at 09h00, dip at 12h00 and another smaller peak at 14h30 with a smaller dip then down to doing nothing all night??

[The Batman]

These volumes are terrible so far

[Argento]

Had a very scary dream last night; the market ran like a clock's seconds arm down to 310! I was R800k in debt and was trying to make some plans when I woke up. Closed the 2 long position I had overnight for a small profit and opened a small (hedging) short at 40860. 

 

Ps: I'm quite heavily exposed in my share CFD positions, so really thinking of hedging myself well on the SA40?? What do you guys reckon I should do; slippage can be very large if the bottom falls out?

That is more of a nightmare man...when I traded daily positions had lots of those!

 

After this blip we should see a good year end rally...some top analysts are only calling for a top next year March 2014.

 

Livingstone said study the general conditions and with QE pumping I don't think you need to worry, but next year I would due to the cycles pushing down!

 

Back to the charts...still busy with the B leg up!

 

A

[Sunesis]

Today will be the same as yesterday.

 

We start off with a dip, which should be bought. Don't trade opposite the trend.

Whatever trade you make, make sure it's on the long side. 

 

By 13h00 we will will have a small breakout, which longs can close for profit.

US open we will dip then buy again for night trade. Then close around 22h30 for final trade of the day.

 

[Redeemer]

ha ha ha ha....I'm gonna laugh all day at this dream!    

Looks like we're going up...so wait with the hedges...but my advise is close some VERY FAST and reduce your exposure!!!

 

Had a very scary dream last night; the market ran like a clock's seconds arm down to 310! I was R800k in debt and was trying to make some plans when I woke up. Closed the 2 long position I had overnight for a small profit and opened a small (hedging) short at 40860. 

 

Ps: I'm quite heavily exposed in my share CFD positions, so really thinking of hedging myself well on the SA40?? What do you guys reckon I should do; slippage can be very large if the bottom falls out?

[Plasma]

Closed long....will wait for more definite PA...

[BBW]

Had a very scary dream last night; the market ran like a clock's seconds arm down to 310! I was R800k in debt and was trying to make some plans when I woke up. Closed the 2 long position I had overnight for a small profit and opened a small (hedging) short at 40860. 

 

Ps: I'm quite heavily exposed in my share CFD positions, so really thinking of hedging myself well on the SA40?? What do you guys reckon I should do; slippage can be very large if the bottom falls out?

Edited by BBW, 12 November 2013 - 08:44 AM.

[Plasma]

Long @ 40 853 ...... Let's see....

[Plasma]

but the east is playing ball i see...

does this give us another small window to go long - anybody?

Well. Nikkei is on steroids this morning, but Hang Seng trailing, awaiting policy discussion outcomes. I am a bit uncertain at the movement.....will see what the price action does later...my feeling is that the markets might be waiting to get some direction from China. The Nikkei run is a result of their yen worsening against the dollar.

So....for the moment....me no position....but it may change quickly....

[davidp13]

but the east is playing ball i see...

 

does this give us another small window to go long - anybody?

[Plasma]

Does not look as of the US market is going anywhere. No position....