31 votes
Silfen Path Wanderer
Posted 24 October 2013 - 02:52 PM
Please rephrase this, as I am sure it is very interesting, just don't have a clue what you are saying
On what back to civilization I virtual traded the strong bull bar breakout on 5 min....entered on slight pullback @ 40256 , though stochastic was high, virtually closed @ 40325 ......
The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business. 
The Artist
Posted 24 October 2013 - 02:43 PM
Phycology is kicking in the bulls head now.
All sorts of crazy ideas are running through my head.
One big question is will the market pullback before Dow reaches a new high above the 15660 area.
All the major markets have went above the September 18th high expect for the Dow.
If the Dow does a pullback before a new high, then it will be a clear sign of weakness.
I think all the indices are waiting for Dow to hit new high 1st before the long awaited pullback.
There were this type of trifurcation of the indexes (NDX rallying, DOW lagging, and SPX caught in the middle) back in 2011, where the DOW just came short of a new high and had a good correction.
Tony Caldaro, very good TA specialist are calling for the indexes to still be in a wave 3 of a wave 5 bullrun, with wave 4 down still ahead...wonder if November might bring it about, but again don't think our market will get hit that hard due to the commodities cycles that already made their lows...!
On the other hand you sit with these triangle patterns that broke out, especially the Dow Transport that you posted and that to me is bullish, so with no taper ahead and the debt ceiling behind us think it is more risk on!
A
Edited by Argento, 24 October 2013 - 02:44 PM.
"Never never never give up!"
Sage
Posted 24 October 2013 - 02:27 PM
Dow Chart attached
The only major index without a new high
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Sage
Posted 24 October 2013 - 02:23 PM
Something interesting to note...and maybe some has already picked it up and others not!
US holidays..sometimes the prevailing trend runs until then and turns on that day...we have one coming up on Monday the 11th November, so that friday before should mark an important low on the ALSI. So taking in account the 04th November being a possible high (with another down leg next week), as the market should rally into the 1st as per pattern and November being bullish (against seasonal trend though but looking at the charts..)
TA very important in this game and market patterns repeats itself due to human nature and plays a big part.
Just keep it in the back of your mind..changes are good it won't play out...or it just might and means lekke kudo's!
A
Phycology is kicking in the bulls head now.
All sorts of crazy ideas are running through my head.
One big question is will the market pullback before Dow reaches a new high above the 15660 area.
All the major markets have went above the September 18th high expect for the Dow.
If the Dow does a pullback before a new high, then it will be a clear sign of weakness.
I think all the indices are waiting for Dow to hit new high 1st before the long awaited pullback.
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Sage
Posted 24 October 2013 - 02:10 PM
Closed some @ 40600
Killer stuff, Nice perfect example of Buy the Dip
Us open, charrts are looking like a pump and dump day.
1st up then down day. Bulls just need this market to pullback a bit.
Its becoming harder for bulls to trade now
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
The Oracle
Posted 24 October 2013 - 02:05 PM
Added to long @ 40440
Closed some @ 40600
Alsi future
I only post my views, not advice
Sage
Posted 24 October 2013 - 01:58 PM
Good numbers out of Ford and Xerox.
Hope we get pulled along
Ford is a american jewel, the market will love this.
FORD 3Q ADJ. EPS 45C, EST. 37C
Share price up 3% pre-market
Glad to see someone use all the market dynamics to trade ALSI
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
The Artist
Posted 24 October 2013 - 01:58 PM
Something interesting to note...and maybe some has already picked it up and others not!
US holidays..sometimes the prevailing trend runs until then and turns on that day...we have one coming up on Monday the 11th November, so that friday before should mark an important low on the ALSI. So taking in account the 04th November being a possible high (with another down leg next week), as the market should rally into the 1st as per pattern and November being bullish (against seasonal trend though but looking at the charts..)
TA very important in this game and market patterns repeats itself due to human nature and plays a big part.
Just keep it in the back of your mind..changes are good it won't play out...or it just might and means lekke kudo's! 
A
"Never never never give up!"
Member
Posted 24 October 2013 - 01:51 PM
Trading by emotion and/or expectation is a pocket emptying certainty.
Sage
Posted 24 October 2013 - 01:45 PM
Please rephrase this, as I am sure it is very interesting, just don't have a clue what you are saying 
On what back to civilization I virtual traded the strong bull bar breakout on 5 min....entered on slight pullback @ 40256 , though stochastic was high, virtually closed @ 40325 ......
From your perspective, Lekkerry is faceless and to a degree nameless, so any opinions expressed are just that, opinions from someone on the Internet 
Silfen Path Wanderer
Posted 24 October 2013 - 01:35 PM
Is ALSI actually staging a come-back atm (mid-way through)? This Au-market hypo might just be intact then.
P.s. I am not trading this, still need to see it proves itself further.
Hello Argento.
What is your opinion on ALSI (still?) following the AU$ movements? I think this connection has been broken the past couple of months, but am seeing that ALSI is following the trend of the Ausie markets as a whole now-a-days. I can’t believe it is only because of a ticker such as BHP.
My take (based on he above), ALSI will end up today if the Ausie markets are anything to go by atm.
The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business.
Sage
Posted 24 October 2013 - 01:34 PM
'n Klap "on the rump" yah!
Give this bull a klap and it just comes storming back stronger..
From your perspective, Lekkerry is faceless and to a degree nameless, so any opinions expressed are just that, opinions from someone on the Internet
Master
Posted 24 October 2013 - 01:28 PM
Is ALSI actually staging a come-back atm (mid-way through)? This Au-market hypo might just be intact then.
P.s. I am not trading this, still need to see it proves itself further.
Give this bull a klap and it just comes storming back stronger..
"The Stock Market is never obvious. It is designed to fool most of the people, most of the time." - Jesse Livermore.
Sage
Posted 24 October 2013 - 12:22 PM
Is ALSI actually staging a come-back atm (mid-way through)? This Au-market hypo might just be intact then.
P.s. I am not trading this, still need to see it proves itself further.
Hello Argento.
What is your opinion on ALSI (still?) following the AU$ movements? I think this connection has been broken the past couple of months, but am seeing that ALSI is following the trend of the Ausie markets as a whole now-a-days. I can’t believe it is only because of a ticker such as BHP.
My take (based on he above), ALSI will end up today if the Ausie markets are anything to go by atm.
From your perspective, Lekkerry is faceless and to a degree nameless, so any opinions expressed are just that, opinions from someone on the Internet
Sage
Posted 24 October 2013 - 12:07 PM
If ALSI and AUD/USD are correlated then it means ALSI in still going up based on this AUD/USD analysis http://www.fxstreet....ner/2013/10/24/
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Sage
Posted 24 October 2013 - 12:03 PM
Looks like Apple's quarterleys will only be released at US close Mon 28Oct.
I have two conflicting dates on the release from two news sources.
Can you just please confirm because i don't know which date now.
Maybe we have today and friday bearish days, then Monday bullish.
The Chinese Heng Seng did not even go up today.
Naspers still needs to go over 1000, so bulls might be safe until next week
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Member
Posted 24 October 2013 - 11:58 AM
Those pivots will be hit soon unless Apple gives good numbers.
Only Apple can save the bulls now.
Apple has the power to pull the whole NASDAQ alone, same as what Google did when we were hitting all time highs.
One company's earnings can pull the whole market.
Trading by emotion and/or expectation is a pocket emptying certainty.
Sage
Posted 24 October 2013 - 11:25 AM
Today's pivots on IG:
S1: 40,120
S2: 39,940
S3: 39,720
Those pivots will be hit soon unless Apple gives good numbers.
Only Apple can save the bulls now.
Apple has the power to pull the whole NASDAQ alone, same as what Google did when we were hitting all time highs.
One company's earnings can pull the whole market.
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Member
Posted 24 October 2013 - 11:16 AM
Moved stop to 39327, locked in profit of 120 points
If hourly rsi breaks the 30 level further down we go, but if going to bounce then this is the level can bounce off
Sage
Posted 24 October 2013 - 11:15 AM
Risk currencies GBP,AUD,NZD, ZAR are not looking good at the moment.
USD,JPY, looking strong. Could be a bearish day
Sitting out with my current loss, since i don't short bull trends
Will see how far she drops before long entries line up.
Crocodile mode
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
