35854 replies to this topic

[fabes]

fabes, please heed some advise. Don't go for the massive big swings, not in this market. Play the day, use the 1m, 5m and 15m and have a 100 points your goal. During volatile times (i.e. yesterday), many more 100 pointers will drop into your bucket.

 

Unless you have big pockets to ride the waves, they hardly ever prove profitable.

 

There is always a chance (if you go for the big movements), that they might happen, but at what cost? Many a trader (both novice and seasoned) have lost liquidity chasing the rainbow.

 

I also want the 4000 point drop, but it won't happen in one go and timing it, well I find it difficult in this artificial (read QE-laden) market.

 

Use it, don't use it.

 

Looks at the ZAR/GBP & ZAR/$

It is a big driver of our market

Thanks Guys. Makes sense. I find it difficult to play the day in this markets cause one swing takes your sl out. timing is also an issue for me.like now, past experience told me that we will go higher as we have some sort of upward trend medium term, but now the trend was set as down. so what do i trade, going long is stupid as its against the trend. confused...

[Argento]

 

fabes, please heed some advise. Don't go for the massive big swings, not in this market. Play the day, use the 1m, 5m and 15m and have a 100 points your goal. During volatile times (i.e. yesterday), many more 100 pointers will drop into your bucket.
 
Unless you have big pockets to ride the waves, they hardly ever prove profitable.
 
There is always a chance (if you go for the big movements), that they might happen, but at what cost? Many a trader (both novice and seasoned) have lost liquidity chasing the rainbow.
 
I also want the 4000 point drop, but it won't happen in one go and timing it, well I find it difficult in this artificial (read QE-laden) market.
 
Use it, don't use it.

Big money lies in the big moves, if you short and hold you will be rewarded come end of September!

To try and catch the daily fluctuations will just eat your money, if you don't have a bit of a pocket to ride some moves out I don't believe it is worth playing!

But each got his own strategy...just my thoughts and experience mr Tiger!:0)

Had a nice backtest of the broken trendline this morning, so she should gradually come down in waves..unfortunately not a poet like Chubs!

A

[WhatsUp]

Thanks for the schedule. Looks like some forward buying today ... ??

[Beorn]

Does anyone know, when in the month does the billions of dollars of QE flow into the markets ?

http://www.ny.frb.or...n_schedule.html

[WhatsUp]

Does anyone know, when in the month does the billions of dollars of QE flow into the markets ?

[voël]

Looks like the Bulls and the bears are competing for the 38200 spot. Who's gonna win....

 

Go BEARS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

short @38172 IG

[Plasma]

My overnight long in a warrant worked out nicely. Good for mental health

Edited by Plasma, 29 August 2013 - 09:14 AM.

[Lekkerry]

The support turned resistance is now being tested. For me this will define my next move, lank of kort!

 

The interim support of +- 382## is being broken now. One little push down and it gives. See the attached 4h view. This support has been at play for many days now.

[voël]

Looks like the Bulls and the bears are competing for the 38200 spot. Who's gonna win....

 

Go BEARS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

short @38172 IG

[Lekkerry]

fabes, please heed some advise. Don't go for the massive big swings, not in this market. Play the day, use the 1m, 5m and 15m and have a 100 points your goal. During volatile times (i.e. yesterday), many more 100 pointers will drop into your bucket.

 

Unless you have big pockets to ride the waves, they hardly ever prove profitable.

 

There is always a chance (if you go for the big movements), that they might happen, but at what cost? Many a trader (both novice and seasoned) have lost liquidity chasing the rainbow.

 

I also want the 4000 point drop, but it won't happen in one go and timing it, well I find it difficult in this artificial (read QE-laden) market.

 

Use it, don't use it.

 

guys, some advice please? I see the whole world and its mother is green and climbing today. While I do get that we all work with technical analysis, will we not move with the world today seeing that we had a massive bull run, wouldn't it want to continue? Insights appreciated.

[BBW]

I'm definitely not a technical analyst, but the only downward trend lines I see, are on the hourlies and smaller. Anything longer looks up??

OK, I guess saying that was a little stupid; depends on how long time frame as well? And there it seems anything from further back than a month, looks up???

[Beorn]

Jeez, look at the action. Sellers dumping into anyone thats got a buy order

[Lekkerry]

Friday afternoon, you mean chasing the divi?

 

 

minutes make hours... hours make days.... days make weeks.... whilst we may bounce this morning after a 1.8% fall yesterday.... keep your eyes on the trend lines and broader picture!!

 

charts look damaged... will the damage be fixed by friday afternoon is the question

[BBW]

minutes make hours... hours make days.... days make weeks.... whilst we may bounce this morning after a 1.8% fall yesterday.... keep your eyes on the trend lines and broader picture!!

 

charts look damaged... will the damage be fixed by friday afternoon is the question

I'm definitely not a technical analyst, but the only downward trend lines I see, are on the hourlies and smaller. Anything longer looks up??

[Ninja]

minutes make hours... hours make days.... days make weeks.... whilst we may bounce this morning after a 1.8% fall yesterday.... keep your eyes on the trend lines and broader picture!!

 

charts look damaged... will the damage be fixed by friday afternoon is the question

Edited by Ninja, 29 August 2013 - 08:56 AM.

[Beorn]

guys, some advice please? I see the whole world and its mother is green and climbing today. While I do get that we all work with technical analysis, will we not move with the world today seeing that we had a massive bull run, wouldn't it want to continue? Insights appreciated.

 

Looks at the ZAR/GBP & ZAR/$

It is a big driver of our market

[fabes]

Looks like we first gonna retest the highs wtf

guys, some advice please? I see the whole world and its mother is green and climbing today. While I do get that we all work with technical analysis, will we not move with the world today seeing that we had a massive bull run, wouldn't it want to continue? Insights appreciated.

[bear catcher]

Looks like we first gonna retest the highs wtf

[Beorn]

Long @ 37900

 

For a bit of a bounce, then I will go short again.

 

Closed long and back in short @ 38060

[Beorn]

33900?

 

[edit] Most of this year's gain (if not all) is QE related. SO your target assumes ALSI stabilizes to normal (post QE) levels - hence QE being ended?

 

Yes, but only in a couple of weeks.

 

There is one strong support before that @ +-34660, but if that fails. I think 33900 is the target.