35854 replies to this topic

[Sunesis]

went long @40340

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.

[Mad Max]

went long @40340

[Sunesis]

ALSI steam running out, its not moving up with the major indices. Bit of a concern

 

Or maybe just lagging

 

Dow and FTSE  looking lively today maybe new highs on Dow and FTSE coming

[Sunesis]

From what i see on my currency meter the dollar looks strong today

[Sunesis]

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

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.

[Lekkerry]

Thanks sir!

 

And.. Yes sir! 

 

 

But for now..staying long!

 

A

[Argento]

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. 

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

[Sunesis]

Buy also brent crude oil for diversification

[Sunesis]

For agrresive traders buy the dip 39400. its hitting the middle bollinger band and stocastic is low

 

It doesn't really matter if you think that markets are "too high". The big US-based institutional money is bullish

 

Until the FED stops printing keep buying

[Trainee Trader]

 

The way to determine a trend, is to look at the weekly and daily chart. That's the true chart. Just remember that higher time frames are better at analysis that lower time frames.

 

For now the weekly and daily are still going up.  A day or a few days might go down but the that's not were the chart is going. Momemtum will always shift to were the chart is going.

 

Now to make money you need to be always at the right side of the trade no matter what the market is doing. It gives you a better advantage than a person on the wrong side of the trade. Your loses will always come back into profit if you are with a trend.

 

When the trend is up, you just have to keep buying. No reason to confuse yourself by selling. Trading is not a superman game. Don't fight it. The only traders who will  still be around in 10 years time are the ones who survive each battle while never trying to win the war.

 

This market is clearly not for sellers. A seller will get burned. Its like jumping in front of a train

 

Just Buy the F*cken Dip

 

Viva La Bull        

 

 

The fact that prices are sooo high, it's creating a sense of fear/uncertainty to buy, as it has the makings of a pullback. But you are right, the trend is your friend. Stop fighting it!

[Trainee Trader]

My short is still open... but you won this round.

 

Short closed, triggered by S/L. I'll wait for market open to decide what to do next.

[Sunesis]

The way to determine a trend, is to look at the weekly and daily chart. That's the true chart. Just remember that higher time frames are better at analysis that lower time frames.

 

For now the weekly and daily are still going up.  A day or a few days might go down but the that's not were the chart is going. Momemtum will always shift to were the chart is going.

 

Now to make money you need to be always at the right side of the trade no matter what the market is doing. It gives you a better advantage than a person on the wrong side of the trade. Your loses will always come back into profit if you are with a trend.

 

When the trend is up, you just have to keep buying. No reason to confuse yourself by selling. Trading is not a superman game. Don't fight it. The only traders who will  still be around in 10 years time are the ones who survive each battle while never trying to win the war.

 

This market is clearly not for sellers. A seller will get burned. Its like jumping in front of a train

 

Just Buy the F*cken Dip

 

Viva La Bull        

[Lekkerry]

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. 

[Sunesis]

Sunesis

U saying we heading south r north ?

O

North as always

[Olymphia]

Sunesis

U saying we heading south r north ?

O

[Sunesis]

I'm having a TA that the market is pausing for a breather, it's going to be difficult to trade it from now on.

 

30-80 points will be good enough until it decides to dance again.

 

From my analysis with other indices i found that tops been reached and some resistance broken for to start new legs upwards.

But i believe a breather will be the story from now on.

 

I might be wrong, but that's what i see. Although the market does not really care what i think

 

Some charts to see breakouts to the upside attached

Attached Files

•  DAX.png   82.54KB   8 downloads
•  Dow Transport.png   116.46KB   8 downloads
•  DJIA.png   135.72KB   10 downloads

[K~~]

PPS. This is not a competition, but a learning opportunity.

 

PPPS. Also remember that not many of the people on this forum actually has the balls to publish their trades for others to learn from.

 

Cheers to those who do!

[Trainee Trader]

 

Closed 100 points in just over an hour is not bad

 

What did we learn about that trade.

Be fearful when others are greedy, and be greedy when others are fearful

 

I bought at a low when market was falling, i did not find a reason to sell at that price because the market was already low.

Anyway Chubby can still make money depending on the motive behind his trade.

 

The market looks like its going for 39800 which will give me more chances to go long 

 

Remember always go with the trend and buy the f*cken dip

 

Viva La Bull        

 

 

My short is still open... but you won this round.

[Mad Max]

 

Closed 100 points in just over an hour is not bad

 

What did we learn about that trade.

Be fearful when others are greedy, and be greedy when others are fearful

 

I bought at a low when market was falling, i did not find a reason to sell at that price because the market was already low.

Anyway Chubby can still make money depending on the motive behind his trade.

 

The market looks like its going for 39800 which will give me more chances to go long 

 

Remember always go with the trend and buy the f*cken dip

 

Viva La Bull        

 

Good one S. I don't think Chubby has any motive but to make money like any of us on this forum...

Edited by Rockstar, 23 October 2013 - 06:29 PM.

[Sunesis]

Congrats! You just bagged +-100 points.

 

Viva La Bull! Lol

Closed 100 points in just over an hour is not bad

 

What did we learn about that trade.

Be fearful when others are greedy, and be greedy when others are fearful

 

I bought at a low when market was falling, i did not find a reason to sell at that price because the market was already low.

Anyway Chubby can still make money depending on the motive behind his trade.

 

The market looks like its going for 39800 which will give me more chances to go long 

 

Remember always go with the trend and buy the f*cken dip

 

Viva La Bull