35854 replies to this topic

[Argento]

Is about to make a 5H bearish cross so with no positive divergence yet might be one washout leg down left!

A

[Mad Max]

If we look at the Daily SA 40 CASH, it looks bullish !

[K~~]

SAB has moved up off it's 200 DMA at R473.20, so let's hope it gains momentum.

 

Bought some SAB for my long term portfolio... That should help a bit! 

[Sam]

NPN and SAB needs to get going for her to really start a bounce...

SAB has moved up off it's 200 DMA at R473.20, so let's hope it gains momentum.

[OceanWalz]

NPN and SAB needs to get going for her to really start a bounce...

NPN is not going to rally today! not when one consider the so called '3 day treat with distrust rule'  of a stock fallen much like NPN

Sasol cld go higher on mid east potential oil spike drama I think

Edited by OceanWalz, 10 October 2013 - 10:28 AM.

[Mad Max]

I was looking at 500 to 550 where R1 lies... Just a tad optimistic to reach yesterdays peak in these uncertain times, I suppose

The S&P futures are at .78% which could be a good enough reason.Also the BOE rate decision at 13H00.

[K~~]

If there's no more bad news out of the States today, just the fact that we're down 5% in 10 days...

 

NPN and SAB needs to get going for her to really start a bounce...

[K~~]

We could yes..But I ask myself the question..What news is there out there that could justify us getting to 500..It means that we would be 1% up for the day

 

If there's no more bad news out of the States today, just the fact that we're down 5% in 10 days...

[Trainee Trader]

It seems that a short term debt ceiling agreement will be reached on Friday.  Congress is going to raise the debt ceiling for 4-6 weeks.

 

Thanks Hendrik!

[HendrikB]

Are markets acting positively as a result of Yellens appointment to the Fed? Or is there some other news i missed? Also, is this just a short-term rally or trend for today? Some insight would be much appreciated.

 

It seems that a short term debt ceiling agreement will be reached on Friday.  Congress is going to raise the debt ceiling for 4-6 weeks.

[K~~]

350?

 

I was looking at 500 to 550 where R1 lies... Just a tad optimistic to reach yesterdays peak in these uncertain times, I suppose

[Mad Max]

350?

With US futures blasting green surely it could be 550 ?

[OceanWalz]

Just be careful.... I've also seen IG move up >150 points overnight, and then when 08:30 arrives have a BIG spike UP, to continue throughout the day. You can get seriously burnt... Unless you cut the losses early...

yes, last serious continuation was Bernanke's 'no tapering ' announcement - so it seems if there is a definite big good news best to dive long and hold - same as would happen with the everyone expected deal on shutdown/ceiling to come!

 

looking at S&P yesterday it opened much the same as it closed - and yet we drifted up on IG Top40s so it might have been a corrective drop at 8.30 but the drift up gave me indication of slightly positive sentiment coming for today, I hope!

 

(still amazed that the politicians can have so little regard for their citizens precious nest eggs nesting in the market place)

Edited by OceanWalz, 10 October 2013 - 09:57 AM.

[K~~]

Chubby, what's your target for the relief rally?

[K~~]

Yep...I have tried it a few times as well..Have to have had some movement up during the night about 150-200 points above where the J200 closed the prev day and we need to be at that 150-200pip plus level at about 8eish..It normallly then drops to 50 pips below where the J200 closed and then spikes back to 50 pips of the 150-200 level again (This normally always occurs at a pivot point)..Am I on the right track Nick?

 

Just be careful.... I've also seen IG move up >150 points overnight, and then when 08:30 arrives have a BIG spike UP, to continue throughout the day. You can get seriously burnt... Unless you cut the losses early...

[BBW]

Same thing happens every day. This is how I trade every day. I am normally done for the day by 8h35.

If you see that there has been significant moves during the night, you can predict which way it is going to move at 8h30.

You can either place a trade before the 8h30 bounce and close it straight away - just don't blink. Or you buy on the bounce and close a few minutes later.

Been doing this for months now.

Just be careful. You need to make sure that there is a definite move coming up. Don't try to outguess it if the moves over night are small.

Don't get greedy otherwise you hold on for a few seconds too long and get hurt.

Set your goal - R3k - R5k - R10k and close it straight away.

I prefer to load a number of trades and close them as they come in.

AGAIN - it works if you are not greedy and you wait for the days when there will be a definite move.

If I may ask, what was your trigger for it to drop this morning? - The S&P was slightly up, Japan green, other Eastern markets not too shabby...??

[K~~]

Ok..Im gonna try....

Just threw it up now

 

Chubby, we're on to something here! 

[Trainee Trader]

Are markets acting positively as a result of Yellens appointment to the Fed? Or is there some other news i missed? Also, is this just a short-term rally or trend for today? Some insight would be much appreciated.

Edited by Trainee Trader, 10 October 2013 - 09:19 AM.

[K~~]

This should come with a disclaimer: KIds..Don't try this at home

 

Too high stress for me. You only have a few seconds, if you miss it and it rebounds the other way, losses can be significant..

[Mad Max]

Same thing happens every day. This is how I trade every day. I am normally done for the day by 8h35.

If you see that there has been significant moves during the night, you can predict which way it is going to move at 8h30.

You can either place a trade before the 8h30 bounce and close it straight away - just don't blink. Or you buy on the bounce and close a few minutes later.

Been doing this for months now.

Just be careful. You need to make sure that there is a definite move coming up. Don't try to outguess it if the moves over night are small.

Don't get greedy otherwise you hold on for a few seconds too long and get hurt.

Set your goal - R3k - R5k - R10k and close it straight away.

I prefer to load a number of trades and close them as they come in.

AGAIN - it works if you are not greedy and you wait for the days when there will be a definite move.

Noted . Thanks. Will have to try that approach!