35854 replies to this topic

[Plasma]

Tally for the day. 262 points for and 157 points against....

[Sunesis]

Just hold your trades. Don't sit there and look at every tick. I don't see us going down. Just sit there and hold on. 

 

This is were we are going today.

 

Markets go up and down to get to their destination, just because you see a red candle does not mean we are going down.

Don't expect to make profit in 2 minutes. Put your trade and go watch a movie.

 

Relax and enjoy 

 

Viva La Bull        

Our market has been boring today.

Made more money trading the Euro50 and FTSE today.

Multiple market trading is best.

We just need  push above 40850 then the train will be on the right track.

[Sunesis]

There is no holiday today in the US as per Investing.com . The next US holiday is the 28th Nov . Come 3:30 it is business as usual...

Looks like the market will play as i stated.

 

We had our 13h00 rush up. Now we are having our dip before US open. Then we will have a up move as the night continues.

[Argento]

Two scenario's how November can play out:

 

(1) We resume the downtrend after today's green day and put in a low (40350ish futures) come friday and make new highs after.

 

(2) We continue up this week and possibly make a new high/top come friday before a bigger correction start into the 28th November and only then put in the low at (40350ish futures).

     

Considering Friday's strong up move by XLF but looking at sentiment (bears 16%) it favours a bigger correction around the corner and I'd go for option 2, don't forget...November is seasonally weak!

 

In the bigger context it looks like we have started a top pattern that should end with a new high in December and kick off the long awaited short bear market...just my 2c!Weekly MACD very overbought and if we print a new high come Friday it should create negative divergence for that top...

 

A

Looks like option 2 is in the works, thus the B leg up of the A,B,C correction..but don't think we will see a new high later this week before she turns down for final leg down!

 

5H macd has crossed the 0 line and that is not good...but for daily scalpers she is consolidating to go higher..but don't forget the medium term trend is still down..!

 

A

[gringots]

Just a thought from my really limited experience which may help some people.

 

Zoom out a bit, meaning look at a longer time frame chart.

 

A horrendous red candle on a 5 minute chart doesn't look nearly quite so bad on a 30 minute chart.

 

 

[Sunesis]

Is the Rand weakness good for our stocks?

 

I think the rand weakness is good for our large cap stocks. Reason is they derive most of  their profits in dollars. We have a lot of companies who are also trying to open shop outside of South Africa.

Retailers get hurt the most with rand weakness, but retailers with outside presence will not get affected a lot.

 

Rand weakness is good for Richemont,SAB,BAT,NASPERS,BHP,ANGLO and other large caps  which trade in dollars or export. These are the companies which will pull up the Top40

 

Keep Buying

 

Don't stand in front of a bullet train.

 

I'm afraid some people got burned and are still getting burned because the want to be superman. 

The moment they see a 1% profit taking, they think it's a crash. 

 

I call those pathetic traders, they never take advantage of the trend.

They never ride the wave. If you don't ride the wave, it will take you under.

 

Most of the traders who were long on Thursday ECB rate decision got to have their cake and ate it. 

 

I still feel story for superman traders.

 

The market is a b*tch, it will f*ck them good.

[Argento]

There is no holiday today in the US as per Investing.com . The next US holiday is the 28th Nov . Come 3:30 it is business as usual...

Is Veteran's day but I see they said the stock market will be open, bond market might stay closed.

 

A

[Mad Max]

There is no holiday today in the US as per Investing.com . The next US holiday is the 28th Nov . Come 3:30 it is business as usual...

[betweenlines]

made enough loss for the day,

[Olymphia]

That's correct.

People should trade their own plan. I only post here for those who don't have confidence in their plans.

 

We don't know how big your account is.

We don't know how your money management is.

We don't know your stress levels.

 

We don't know how of a idiot you are like Batman

 

Guys

 

I respect the and appreciate the both of your views, don't get me wrong.

 

Would be great if Chubby was here, he the other one of the Guru's.

 

Thanks for sharing.

 

O

[Sunesis]

I like both views so keep them coming and do not get personal.

It's not personal, its just business.

The market will be the referee.

 

Traders need to compete in everyway when the market is open.

Back in the days traders used to fight or compete in the trading pits.

 

This forum is our pit, and its healthy to compete. That's what keeps the market moving

[davidp13]

I like both views so keep them coming and do not get personal.

[Sunesis]

Just to clarify...I trade longer waves (bigger picture) and is not a daily trader...S can be right with a long here so don't compare!

 

One should eitherway trade your own strategy, analysis and charts and not follow others blindly!

 

A

That's correct.

People should trade their own plan. I only post here for those who don't have confidence in their plans.

 

We don't know how big your account is.

We don't know how your money management is.

We don't know your stress levels.

 

We don't know how of a idiot you are like Batman

[The Batman]

I was out of the market on friday. Whats your point. 

I know when to trade  i'm not a pig.

 

I even said i will start trading on Monday. Before that  big deep happened on Thursday night, i saw  it and closed all my long trades.

I was trading that night with Argento. I know when to close before something big happens.

 

Just stick to your trades. Weather people follow my posts or not i really don't care.

All i know is i make money which ends up in my account and not yours.

 

I'm also a day trader. I don't hold trades for a long time.

 

Hold your stupid CFR and SAB you are a compete idiot, you don't realise that those two companies can effect SA40

 

Haha Wow Hostile hey. Seems like my words hit you hard

[Argento]

Just to clarify...I trade longer waves (bigger picture) and is not a daily trader...S can be right with a long here so don't compare!

 

One should eitherway trade your own strategy, analysis and charts and not follow others blindly!

 

A

[Beorn]

well, if this is foreign money leaving us, as verified by ZAR worsening currently, then surely it is not going to be a short term thing, but sign of longer exiting SA bonds and stocks? meaning more down to come?

 

I think so, for as long as tapering is expected, it might also only be expected by certain parties and not all, so it might not be a big down move 

If Yellen sounds very dovish on Thursday we should bounce back with vengeance.

 

Central banks are the only game in town.

[Redeemer]

wanna throw in another long...but current spreads are really sickenning!!!

[OceanWalz]

IMO,

this dip we are experiencing is foreign money leaving our equity markets, caused by fear of tapring.

US 10y also up +-5 in Friday trade.

well, if this is foreign money leaving us, as verified by ZAR worsening currently, then surely it is not going to be a short term thing, but sign of longer exiting SA bonds and stocks? meaning more down to come?

[Sunesis]

You know whats the funny thing.

 

Sunesis is motivating you guys to buy. Yet on Friday he said he's out of the market with his trades. Hmmmm....

 

Bulls can't always rally. Expect a dip for the next few weeks. This US Stimulus will effect us the hardest.

 

I'm holding on to my CFR, SAB (With foreign functional currencies). The rest I'm out

 

Also look at the really LOW VOLUMES of trading since last week. This makes the market EXTREMELY volitile to up and down trends.

 

I am The Batman

I was out of the market on friday. Whats your point. 

I know when to trade  i'm not a pig.

 

I even said i will start trading on Monday. Before that  big deep happened on Thursday night, i saw  it and closed all my long trades.

I was trading that night with Argento. I know when to close before something big happens.

 

Just stick to your trades. Weather people follow my posts or not i really don't care.

All i know is i make money which ends up in my account and not yours.

 

I'm also a day trader. I don't hold trades for a long time.

 

Hold your stupid CFR and SAB you are a compete idiot, you don't realise that those two companies can effect SA40

[Beorn]

IMO,

this dip we are experiencing is foreign money leaving our equity markets, caused by fear of tapring.

US 10y also up +-5 in Friday trade.