35854 replies to this topic

[JBlack]

Nice little scalp....

Out 34366

[Hit & Run]

Now where is my golf clubs

Out 34366

[Hit & Run]

Short 34440

Out 34366

[Lekkerry]

Yup, if chart tech is anything to go buy.

 

BBand (on dailies) is reached at 34800 (J200) - called it earlier, which coincides with the Futures value mentioned

 

 

Then head to 35000.

I am talking about June13 Alsi future

[Hit & Run]

Short 34440

[Beorn]

I'm going to take a shot in the dark here.

I think we might go down to about 34500 if we go down at all.

Then head to 35000.

I am talking about June13 Alsi future

[JBlack]

Morning chaps. Happy hunting today! Come on ALSI/Top40, move big, in one direction. So we all can make money today!

[HDB]

Resources to take Alsi higher today 

[Sam]

IMO, everything is pointing to a higher day again.Bad jobs data should just reassure everyone that QE will continue 

Good morning

Agreed Jake.
For those trading Top40 cfd's through IGM, it is looking as if we will start with an 8:30 upward correction spike ( at this point ).

[Beorn]

IMO, everything is pointing to a higher day again.

Bad jobs data should just reassure everyone that QE will continue 

[Plasma]

Well traders, here we are again...bullish and bearish expectations. Non-farm payroll figures from the USA later. Nikkei closed but Hang-Seng up. NZ top 50 down. DJ Futures slightly red. Which ever way it goes, may we end the week with some profit the pocket!!! Great day to all.

[Mhlato]

this market reminds me of when i try and keep my fart in.......can only fool all those around me for so long....... then someone has to deal with it

 

                                                                  NEVER HOLD YOUR FARTS IN...

                       They travel up your spine, into your brain, and that is where shitty ideas come from!!!

[Lekkerry]

Some trading perspectives 101:

 

1. No one person or institution is 100% correct, 100% of the time.

2. Trading success is the positive nett effect of your profits and losses

3. You can not blame, shame or accuse anyone one for the lack of profitable trades

 

With that out the way, one thing is very clear:

 

Jakes, you are correct about QE, it does seem to make null and void wave-trading or even long-term technical charting analysis. One big but... BUT

 

What I am seeing, any hype and bullish trends are very short lived and need constant reaffirming and vocal motivation and actioning from the big boys and governmental institutions.

 

My dilemma: I am divided between the charts (dailies) that tell me ALSI is well on its way to 34800, by when it will then only reveal the next move, be it up or down.

The alternative, moving from the charts to (fundamental?) seasonality, ALSI must retract tomorrow, substantially.

 

Argento, what is your take on today's happenings? I am sure even the big boys are confused, unless they purely trade by techs.

 

Any PowerStock subscribers here, what is Ultra S2 doing atm (is it long or short).

[bear catcher]

Argento are you still sticking with your theory, or is the time frame moved forward after ECB action????

[Beorn]

I think I called this market to keep going up more than 2 weeks ago, if I am correct. And it will probably go higher still, no matter what news, if QE is on the table, markets will go up, you cant fight central banks.

 

(and I dont think cycle analysis work)

[bear catcher]

Thanks, I presume my analysis looks ok then....

Did you see the giant bullish engulfing daily candles on both NPN and WHL ? Lol... I've just learned that in an uptrend , the continuation probability is 63 % . Apparently much lower when in a downtrend.

YES you are right this market is goiing up , got trapped in short hoping for BWE but same as last week market just goes up

[Sam]

I think it has a good chance of playing out yes.

Thanks, I presume my analysis looks ok then....

Did you see the giant bullish engulfing daily candles on both NPN and WHL ? Lol... I've just learned that in an uptrend , the continuation probability is 63 % . Apparently much lower when in a downtrend.

[Beorn]

Taken some profit @ 44520

 

Closed @ 34600.

Will also trade to the long side tomorrow.

[JBlack]

Okay gents. Yet another positive day for me although I didn't reach my cash target Thank you Draghi! Tomorrow we shall hit that BWE and of course it is Friday....

What is BWE

Argento's Big Wack Event.

[bear catcher]

Ok goodbye down trend , i cannot see any down for tomorrow sorry Argento but i can now truly not with a smallest hint think were gonna go down went past 34400 in a flash