35854 replies to this topic

[Trainee Trader]

Today's pivots on IG:

 

S1: 40,120

S2: 39,940

S3: 39,720

[Sam]

Our big hitters are not in the game today.
 
SAB
Richemont
Naspers
MTN
Standard bank
Fisrtrand
 
Its going to be one of those lousy days, were bulls might get nothing, and US to decide the fate

MTN just put out some uninspiring quarterly data this morning.

[Argento]

Im short @ 40200

Good call Chubs!

 

A

[Tech Trader]

Hallooo down south come on baby

Moved stop to 39327, locked in profit of 120 points

[Tech Trader]

in money either way R2000 orrr  +++++++++

Hallooo down south come on baby

[Tech Trader]

That stop should get hit the moment the trade is open. The trade is a charity case donating money

in money either way R2000 orrr  +++++++++

[K~~]

are you sure if breaks this 150 level down we go buy longs back later or if bounces off this support, stop is 20points in positive profits with 2 contarcts

 

Thought you were dealing Futures, as futures was at about your levels at the time of your post... If you were dealing futures, stop would have been hit about now!

[Lekkerry]

Uhm, what does this mean? You already in the green and your stop is on the green side of your trade entry point?

 

Short ig 40447 stop currently @ 40427(positive stop)

[Argento]

Morning L,

 

Yip, Aussie had a nasty bear drop and continued down while we ran up...I believe due to the QE intervention!Now that the Aussie is recovering a healthy rotation is busy with new flows into resources that underperformed, so with this market not being rational and one would think it is way to high we should just continue climbing with them.

 

But as S mentioned normally with such breakouts across the board distribution is in order, so my view is we should go back up to previous highs, then down again and create a top patttern for a drop early November, this could be a return move in the works and very bullish into year end.

 

Same funds are driving this rally as last year, got a potential top around the 04th November (cycle date) for this pattern, then should be a good short!

 

But for now..staying long!

 

A

Looks like she might be aiming for the 40300ish (J200) old high support, no real selling pressure so also buying in some longs here..!

 

If this consolidation concludes we should push up nicely!Seasonally it is still bullish...

 

A

Edited by Argento, 24 October 2013 - 10:55 AM.

[Sunesis]

You're sure to get stopped out with such a tight S/L on IG! Their spread is enormous...

That stop should get hit the moment the trade is open. The trade is a charity case donating money

[Sunesis]

Our big hitters are not in the game today.

 

SAB

Richemont

Naspers

MTN

Standard bank

Fisrtrand

 

Its going to be one of those lousy days, were bulls might get nothing, and US to decide the fate

 

[Tech Trader]

You're sure to get stopped out with such a tight S/L on IG! Their spread is enormous...

are you sure if breaks this 150 level down we go buy longs back later or if bounces off this support, stop is 20points in positive profits with 2 contarcts

[K~~]

Short ig 40447 stop currently @ 40427(positive stop), limit set at 39950, cant loose, lets turn off and let position play itself out

 

You're sure to get stopped out with such a tight S/L on IG! Their spread is enormous...

[Sunesis]

Short ig 40447 stop currently @ 40427(positive stop), limit set at 39950, cant loose, lets turn off and let position play itself out

 

Don't fight the trend

[Tech Trader]

Short ig 40447 stop currently @ 40427(positive stop), limit set at 39950, cant loose, lets turn off and let position play itself out

[K~~]

That's very true about the AUD$ its been going up since the debt sagga.

 

I once gave a link here in the forum about a currency strenght meter that you can download and be able to see which currencies are strong live.

 

Gold is once again pushing the AUD.

 

Its good to be able to combine different market analysis just to trade ALSI. I spend 80% just analysing FTSE,S&P, Dow,DAX, Oil and forex just to trade ALSI

 

Anyway lets see how US market performs today. Everything depends on it.

 

We have Microsoft,Amazon, Coke,Ford and i think Apple reporting today.

 

Hi S, is it possible to repost the link to the currency meter?

 

Appreciated!

 

K

[Sunesis]

Added to long @ 40440

This could be the pullback.

 

I'm sitting on a loss now.

 

Just going to sit and watch how far my loss goes before i pull the trigger

[Beorn]

Added to long @ 40440

[Sam]

Red light just flagged on my meter. USD and JPY are very strong. Thats a sign of risk off.
Market my be starting to pullback. If you have a deep account i suggest to hold on.
Limitted accounts with a long btrade should be carefull with longs. Rather wait for dust to settle or buy when a real pullback comes.

Interesting to note the inside candle on the Top40 future daily at the close yesterday.
These normally indicate a short term reversal.

[Mad Max]

Red light just flagged on my meter. USD and JPY are very strong. Thats a sign of risk off.

Market my be starting to pullback. If you have a deep account i suggest to hold on.

Limitted accounts with a long btrade should be carefull with longs. Ra ther wait for dust to settle or buy when a real pullback comes.

Thanks S. Not looking good for me now.