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31 votes

ALSI Trades

Started by Plasma , Apr 03 2013 09:05 PM

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35854 replies to this topic

#34621 Sam

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Posted 06 May 2013 - 10:06 AM

Short at 35465

0

Trading by emotion and/or expectation is a pocket emptying certainty.

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#34622 Argento

The Artist

Senior Member
3,481 posts

LocationJohannesburg

Posted 06 May 2013 - 10:03 AM

Yip, took some longs off the table, entered a short just now for the return move back to the neckline!

Should go red this afternoon!

A

To quote Argento from Friday:-
And long it is, sitting tight till target 36000, then will join the shorts club again!

Looks like a hanging man forming and means Monday to rock and roll to the upside!

Are you still calling a retreat from 35000 back to the neckline before the 36000 ?........
as we're just about there .

Would be a nice short opportunity.

Well done on the early up call by the way.

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"Never never never give up!"

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#34623 Sam

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Posted 06 May 2013 - 09:59 AM

Sorry...35500, not 35000

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Trading by emotion and/or expectation is a pocket emptying certainty.

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#34624 Sam

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92 posts

Posted 06 May 2013 - 09:58 AM

To quote Argento from Friday:-
And long it is, sitting tight till target 36000, then will join the shorts club again!

Looks like a hanging man forming and means Monday to rock and roll to the upside!

Are you still calling a retreat from 35000 back to the neckline before the 36000 ?........
as we're just about there .

Would be a nice short opportunity.

Well done on the early up call by the way.

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Trading by emotion and/or expectation is a pocket emptying certainty.

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#34625 JBlack

Little Master

Senior Member
717 posts

LocationMordor

Posted 06 May 2013 - 09:58 AM

German, French and Italian Services PMI beat estimates just now. EU PMI coming up and later EU retail sales. I will wait for those to confirm rally today.

However, if Monday usually shows a reversal to the rest of the week then today's climb is not that weird... Expecting some correction/pullback tomorrow?

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Need a million ASAP

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#34626 bear catcher

Sage

Junior Member
1,315 posts

LocationPretoria

Posted 06 May 2013 - 09:54 AM

So much for a pullback. Everybody still on high. Killed two shorts. They were supernova hot. Seems to do this to myself every 2nd month. This was the last .....

I think we must just sit tight with short untill we reach 35500, and see what Us is gonna do ,the guys on Summit tv this morning allso feel a correction in the Us markets is due, but this market just shooting up.I hope Argento will give us an early enough warning when the drop is coming

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IG CASH

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#34627 JBlack

Little Master

Senior Member
717 posts

LocationMordor

Posted 06 May 2013 - 09:53 AM

Not trusting this jump yet. Will wait a bit to see if it turns around. Just seem a bit too early to settle, especially on a Monday...

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Need a million ASAP

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#34628 Plasma

Silfen Path Wanderer

Senior Member
2,286 posts

LocationSilvergalde

Posted 06 May 2013 - 09:43 AM

So much for a pullback. Everybody still on high. Killed two shorts. They were supernova hot. Seems to do this to myself every 2nd month. This was the last .....

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The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business.

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#34629 Mhlato

Little Master

Senior Member
588 posts

LocationNTvl

Posted 06 May 2013 - 09:12 AM

I do not expect too much movement today...May Day Bank Holiday In UK and without AAL, BLT and SAB our market is not going anywhere imho.

0

"Don't try to buy at the bottom and sell at the top. It can't be done, except by liars." - Bernard Baruch

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#34630 Beorn

The Oracle

Senior Member
3,219 posts

Posted 06 May 2013 - 09:03 AM

Strike season is on us again. I'm thinking that should weigh on our resource stock again in the coming weeks.

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Alsi future

I only post my views, not advice

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#34631 Beorn

The Oracle

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3,219 posts

Posted 06 May 2013 - 08:51 AM

Short @ 35287

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Alsi future

I only post my views, not advice

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#34632 JBlack

Little Master

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717 posts

LocationMordor

Posted 06 May 2013 - 08:39 AM

Well common sense tells me it should retract today from the euphoria of US data Thursday and Friday. But common sense has not ruled this market in a long time...

A whack would be good for my short or two, the EXPECTATION that was traded on Friday afternoon, without any confirmation.

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Need a million ASAP

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#34633 Plasma

Silfen Path Wanderer

Senior Member
2,286 posts

LocationSilvergalde

Posted 06 May 2013 - 08:33 AM

Morning all. Give it a good whack today!

A whack would be good for my short or two, the EXPECTATION that was traded on Friday afternoon, without any confirmation.

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The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business.

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#34634 JBlack

Little Master

Senior Member
717 posts

LocationMordor

Posted 06 May 2013 - 08:26 AM

Morning all. Give it a good whack today!

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Need a million ASAP

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#34635 bear catcher

Sage

Junior Member
1,315 posts

LocationPretoria

Posted 03 May 2013 - 04:40 PM

WTF broke pastb35000 in a flash so much for a bit of green on my short 34970

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IG CASH

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#34636 JBlack

Little Master

Senior Member
717 posts

LocationMordor

Posted 03 May 2013 - 04:33 PM

Right gents. I am done. Very good day. Targets reached and then some. Have good weekend and we'll all short come Monday?!

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Need a million ASAP

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#34637 bear catcher

Sage

Junior Member
1,315 posts

LocationPretoria

Posted 03 May 2013 - 04:22 PM

Somewhere one will be able to make money with a short today. Due to profit taking. But when to enter? Maybe closer to 4:30

Well I am short 34890

I think that is agood call Us Ism Came in lower S&P is at a record, Dow at record so i think the Us market should allso now start contemplating if this record up run is to sustain, i feel there is gonna be a lot of profit taking before us close and that would give you the drop, just some amateurish reasoning

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IG CASH

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#34638 Hit & Run

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165 posts

LocationBallito

Posted 03 May 2013 - 04:09 PM

Somewhere one will be able to make money with a short today. Due to profit taking. But when to enter? Maybe closer to 4:30

Well I am short 34890

0

The mark of a professional, however, sounds like this:

 It is my fault. I traded this position too large for my account size.

 It is my fault. I didn’t stick to my own risk parameters.

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#34639 JBlack

Little Master

Senior Member
717 posts

LocationMordor

Posted 03 May 2013 - 03:53 PM

Unlucky. You scared me for a awhile! I take into account everyone's opinion when I make decisions so I had to consider yours!

Gold went down because money left save haven investments due to good data. Right?

Abs I was watching resources and dollar... My call was resource prices were coming off and were going to fall taking our overall market down with us... Seems not to be at moment ... Bad call or stupid thinking I should say!!

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Need a million ASAP

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#34640 HDB

The Oracle

Senior Member
5,229 posts

LocationBy the sea

Posted 03 May 2013 - 03:49 PM

Abs I was watching resources and dollar... My call was resource prices were coming off and were going to fall taking our overall market down with us... Seems not to be at moment ... Bad call or stupid thinking I should say!! :angry: