31 votes
Master
Posted 18 October 2013 - 05:26 PM
If April yes but it being October...nah!
A
Hi A, so much for my plan of reaching close to 41000 T40F's today/Monday !
you seem to expect the expected pull back come Monday, presume we saw some profit taking in the markets today already.
what is a realistic target on T40futures for this 'temporary' pullback -
Sage
Posted 18 October 2013 - 05:24 PM
Using the Dow as bellwether she is not making a new high and is actually a bearish sign...so I won't get too comfortable just saying!
But for the ALSI she will continue to march on after the awaiting dip..so yes I concur BTD!!!!
A
The Dow is not coming to play.
Today's weakness is also due to Home Depot and United Health Care they dragging the Dow down. But i don't think it will correct before a new high. It might not come today, but it will come before a pullback
This bullrun is for real. Pullback will be minimal
I'm enjoying the long trade on NASDAQ and Euro50 though. I will close soon.
For those who trade forex, I just took a long trade on USD/JPY
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Sage
Posted 18 October 2013 - 05:10 PM
TONGAAT!!!!
From such a low and its just the beginning
Extra import taxes on sugar importers. Good news for local Tongaat sugar producer!
I just love this market. If you check on CFD call forum, i called for a Buy on Tongaat, Vodacom and Sibanye Gold yesterday.
Yes we have import taxes, but the main cause is high sugar prices because of a fire in Brazil
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
The Artist
Posted 18 October 2013 - 05:04 PM
if we double top here.... downside target is around 36000.
If April yes but it being October...nah! 
A
"Never never never give up!"
Newbie
Posted 18 October 2013 - 04:52 PM
TONGAAT!!!! 
From such a low and its just the beginning
Extra import taxes on sugar importers. Good news for local Tongaat sugar producer!
The Artist
Posted 18 October 2013 - 04:45 PM
Bulls in controlAny dumb trader can open a trade and analyse a chart.
The question is what do you do while your trade is in progress.
Closed my trade for the day. Patience and confidence helps.
To all who bought every dip with me from Monday, your wallet is fat now.Never had a loosing trade the whole week.Those who lost money, i hope one day you will learn market phycology and history.Some are still licking their woundsGoogle shares surge past $1,000 (R10 000) for 1st time ever; up 40% year-to-date, hope Naspers will do the same next week.Cheers to Buy the F*cken Dip
Have a great weekend
Using the Dow as bellwether she is not making a new high and is actually a bearish sign...so I won't get too comfortable just saying!
But for the ALSI she will continue to march on after the awaiting dip..so yes I concur BTD!!!!
A
"Never never never give up!"
Sage
Posted 18 October 2013 - 04:42 PM
if we double top here.... downside target is around 36000.
Sage
Posted 18 October 2013 - 04:33 PM
Bought the dip 39843
Any dumb trader can open a trade and analyse a chart.
The question is what do you do while your trade is in progress.
Closed my trade for the day. Patience and confidence helps.
Have a great weekend
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
The Artist
Posted 18 October 2013 - 04:11 PM
Remember it is OPEX week too in the US so Santa should arrive Monday!
If we close around here got a nice hanging man candle for the pullback to kick off!
GO LIONS!!!
A
I think the US is busy with a bigger top than we think, so if your trading them I would take profit...with continued weakness in mega caps and Russell and Nasdaq reaching extremes something is up...will see next week!
A
"Never never never give up!"
The Artist
Posted 18 October 2013 - 03:57 PM
Remember it is OPEX week too in the US so Santa should arrive Monday!
If we close around here got a nice hanging man candle for the pullback to kick off!
GO LIONS!!! 
A
"Never never never give up!"
Sage
Posted 18 October 2013 - 03:43 PM
Well... Sunesis is buying and Jakes is selling.
As for me, I both bought and sold today (both profitable). Had a red tail earlier, but the market turned well.
Less than a 200 point trading range (morning to date) - so something is cooking, maybe that top is just about to form for a leg down as per Argento.
Just came out of meeting and saw we did breakout to the top....and now what....
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 18 October 2013 - 03:42 PM
IG CASH
Master
Posted 18 October 2013 - 03:31 PM
Concur, L! When I first started out trading I always wanted to be in the action. Then realised that there are actually three positions that one can take. Long , short and cash. Right now, cash is king.
And then, like S said, be a crocodile!
Signing out for the weekend.
Prosperous trading!
K
"The Stock Market is never obvious. It is designed to fool most of the people, most of the time." - Jesse Livermore.
Silfen Path Wanderer
Posted 18 October 2013 - 03:27 PM
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 18 October 2013 - 03:18 PM
Atm, nothing is shouting BUY BUY to me, neither is anything shouting SELL SELL!
I guess today is one of those SIT SIT days.
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 18 October 2013 - 03:12 PM
ZAR is flexing muscle against US$ (or at least, the US$ is losing value).
Nasdaq futures and S&P futures edging up and we edging more and more down - does not make sense
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 18 October 2013 - 03:10 PM
Google shares are on track for their highest-ever open
For those who are tired of hiring me say buy, i guess you are also tired of making money.
Viva La Bull 
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Master
Posted 18 October 2013 - 03:00 PM
Nasdaq futures and S&P futures edging up and we edging more and more down - does not make sense
if there is not a new S&P500 high in opening session there then i'm going to cut my T40F longs and if there is a new high then I will cut my T40 longs before their clsoe hopefully for a bit more green than current levels- might be better on monday for entry long
Edited by OceanWalz, 18 October 2013 - 03:02 PM.
Sage
Posted 18 October 2013 - 02:42 PM
IG CASH
Master
Posted 18 October 2013 - 02:36 PM
Nasdaq futures and S&P futures edging up and we edging more and more down - does not make sense
