35854 replies to this topic

[Nick B]

Rockstar, on 10 Oct 2013 - 06:41 AM, said:

something weird happened on IG. At 8:29 BUY was at 38374 and then suddenly at 8:30 it dropped 200 pips to 38180 ! What happened ???

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.

[K~~]

chubby, on 10 Oct 2013 - 06:56 AM, said:

Yep...Was nicely positive when I bent down to pick up me pen and when I looked up I was negative again

 

Lesson: Don't drop your pen! Makes IG fall. Wonder what happens when you throw it up in the air? 

[Trainee Trader]

Rockstar, on 10 Oct 2013 - 06:46 AM, said:

Thanks TT . They caught me long @ 38345 , buggers !

 

As a personal rule, i never trade until JSE equities market opens. I've been caught before as well.

[K~~]

VIX spike, Doji on S&P. Is this a short term bottom?

[Mad Max]

Trainee Trader, on 10 Oct 2013 - 06:43 AM, said:

They trying to adjust to yesterdays JSE/SAFEX close price... I THINK!

 

I've noticed this for some time.

Thanks TT . They caught me long @ 38345 , buggers !

[Trainee Trader]

Rockstar, on 10 Oct 2013 - 06:41 AM, said:

something weird happened on IG. At 8:29 BUY was at 38374 and then suddenly at 8:30 it dropped 200 pips to 38180 ! What happened ???

 

They trying to adjust to yesterdays JSE/SAFEX close price... I THINK!

 

I've noticed this for some time.

Edited by Trainee Trader, 10 October 2013 - 08:45 AM.

[Mad Max]

something weird happened on IG. At 8:29 BUY was at 38374 and then suddenly at 8:30 it dropped 200 pips to 38180 ! What happened ???

[BlythZ]

Sunesis, on 09 Oct 2013 - 4:40 PM, said:

1987 Crash

S&P was at this point in '87, still up over 30% YTD. Over the next 8 trading days it would give it all back.

Right now the next 8 days are Oct 17

See chart: https://pbs.twimg.co...A9Ue1.png:large

Thanks Sunesis interesting chart indeed, i will keep my SA 40 Cash to hedge my longs. I will only close the short around the 17th of October

[Sunesis]

A little good news from US

[OceanWalz]

Sunesis, on 09 Oct 2013 - 4:40 PM, said:

1987 Crash

 

S&P was at this point in '87, still up over 30% YTD. Over the next 8 trading days it would give it all back.

 

Right now the next 8 days are Oct 17

 

See chart: https://pbs.twimg.co...A9Ue1.png:large

and there was no clear reason - at least now there is some - amazing how little the politicians care about the their citizens' nest eggs!

Edited by OceanWalz, 09 October 2013 - 06:47 PM.

[OceanWalz]

Redeemer, on 09 Oct 2013 - 2:35 PM, said:

But why are you not hedging the longs S...instead of closing them?

You, only a few days ago...inspired me to do so! (You said Goldman Sachs always does that!)

I've made a healthy profit from my hedges so far!!!

I've even forgotten what a stop loss looks like

Hi Redeemer- problem is when are you going to close your hedges ?- your will probably tell me at your entry price - just be careful bec my experience is that the market can have several whiplashes (esp in volatile market times currently) criss-crossing your hedge point and every time you have to take another hedge if it dips lower than your Longs, each time at a cost of several points lower as you see it your index reversing down again - and if you wait for positive announcement , like me and everyone, then it will be so up so quickly you might have to sell hedge at a loss - but overall you are still better off than not having hedged! I wish I had better solution.

[Sunesis]

1987 Crash

 

S&P was at this point in '87, still up over 30% YTD. Over the next 8 trading days it would give it all back.

 

Right now the next 8 days are Oct 17

 

See chart: https://pbs.twimg.co...A9Ue1.png:large

[Sunesis]

karlwynv, on 09 Oct 2013 - 3:47 PM, said:

If the US stays this red then we will surely see 37700 tomorrow. I may grab a long then, with a smallish stop. If that doesn't hold 37300-ish and then 36550-ish are the next stops. This may get very ugly, the closer to the debt deadline we get the uglier!   

Somehow i want us to get there sooner, so we may end this. I want the good bull times to come.

The longer it takes the more Goldman Sachs munipilates the market by selling.

 

Some big bank is making money out of this. They are in it with Boenher. They know they wont default. But they just want to play the market.

[K~~]

Sunesis, on 09 Oct 2013 - 3:37 PM, said:

US getting slammed. But ALSI is still holding.

 

The more US gets slammed with ALSI holding, the better.

If ALSI does not break 38000 tonight then it would have held well.

 

But lets see. 

 

I think the closer we get to the debt ceiling the better. We just need to hold the next key supports. ALSI must not break the August sell-off low. (37700) If we can remain above there when the announce they debt ceiling. We can have a strong year end finish.

 

Maybe Yellen announcemet supporting EM Markets. Sometimes people move money from US stock markets to EM Markets when they believe QE will continue. Chinese markets are holding well. The Japanese Nikkei is also holding well. 

 

Maybe this is just a shift of money.

 

If the US stays this red then we will surely see 37700 tomorrow. I may grab a long then, with a smallish stop. If that doesn't hold 37300-ish and then 36550-ish are the next stops. This may get very ugly, the closer to the debt deadline we get the uglier!   

[Sunesis]

karlwynv, on 09 Oct 2013 - 3:21 PM, said:

Bailed out of the long... US turning very RED. 3 points loss.

US getting slammed. But ALSI is still holding.

 

The more US gets slammed with ALSI holding, the better.

If ALSI does not break 38000 tonight then it would have held well.

 

But lets see. 

 

I think the closer we get to the debt ceiling the better. We just need to hold the next key supports. ALSI must not break the August sell-off low. (37700) If we can remain above there when the announce they debt ceiling. We can have a strong year end finish.

 

Maybe Yellen announcemet supporting EM Markets. Sometimes people move money from US stock markets to EM Markets when they believe QE will continue. Chinese markets are holding well. The Japanese Nikkei is also holding well. 

 

Maybe this is just a shift of money.

[K~~]

karlwynv, on 09 Oct 2013 - 2:22 PM, said:

Hey R! Good call there! May the bounce continue into the night! If only the US wants to turn green...

 

Bailed out of the long... US turning very RED. 3 points loss.

[Redeemer]

Ok, I see

 

Sunesis, on 09 Oct 2013 - 2:48 PM, said:

I prefer to hedge only when i am trading fulltime, like on the screen 24/7

 

For this week, i am a bit busy.

 

Hedging is good, but it needs you to be monitoring.

 

If you don't have time to monitor, then it becomes tricky

[BBW]

Redeemer, on 09 Oct 2013 - 2:35 PM, said:

But why are you not hedging the longs S...instead of closing them?

You, only a few days ago...inspired me to do so! (You said Goldman Sachs always does that!)

I've made a healthy profit from my hedges so far!!!

I've even forgotten what a stop loss looks like

Best advice ever; I learned the hard (expensive) way. SL's only feed the SL hunters, whom I hate with a passion and are nothing better than thieves. (Sorry if I step on a few toes here)

Edited by BBW, 09 October 2013 - 04:51 PM.

[Sunesis]

Redeemer, on 09 Oct 2013 - 2:35 PM, said:

But why are you not hedging the longs S...instead of closing them?

You, only a few days ago...inspired me to do so! (You said Goldman Sachs always does that!)

I've made a healthy profit from my hedges so far!!!

I've even forgotten what a stop loss looks like

I prefer to hedge only when i am trading fulltime, like on the screen 24/7

 

For this week, i am a bit busy.

 

Hedging is good, but it needs you to be monitoring.

 

If you don't have time to monitor, then it becomes tricky

[Redeemer]

But why are you not hedging the longs S...instead of closing them?

You, only a few days ago...inspired me to do so! (You said Goldman Sachs always does that!)

I've made a healthy profit from my hedges so far!!!

I've even forgotten what a stop loss looks like

 

 

Sunesis, on 09 Oct 2013 - 2:02 PM, said:

Below 37000 will probably kill the spirit.

 

With the weekend coming. And no debt issue resolved. Its going to the wire.

 

My stop is @37000, 1000 point stop i don't want to miss the rally. If its gets taken out. I will loose nearly 15% of my account. Maybe even more if i start compounding the longs. I just have to risk atleast 25% of my account. This is better than playing the lottery.