35854 replies to this topic

[JBlack]

BUt so far looking like green all the way!

[Lekkerry]

Ok, based on the below (and reassessing after weekend), the next possible turn-around target is 34800ish (J200), when the upper BBand is reached on the dailies.

 

 

... may I retract my previous post, or at least qualify it...

 

Looking at dailies, there needs to be one catastrophic event for dailies to pull away from its trajectory towards 35000 within the next two to three working days, either that or ALSI reaches 35000 (J200) by then. 

 

Both scenarios rather unfathomable.

[JBlack]

Will let it run a bit before I enter. Mondays tend to tip over later.... Some data releases out of Europe at 11h00 too....

[Robin Hood]

hello All.

 

Just popping in so I can have this thread under "Content". Easier to locate! 

 

Have a super trading day!

[JBlack]

Morning  all. Ready for the big dip? Or are we having another up day for now? Asia pretty much up and US futures slightly green atm along with European futures....

[Plasma]

For those who are interested here is a link to a detailed application of Elliot Wave Theory on the current US markets.

http://caldaro.wordp...end-update-394/

[Plasma]

Take note

 

1.  On Wednesday, there will be a report just looking at private payrolls, and economists forecast an April gain of 170,000, compared with 158,000 in March. March’s result was far below an average monthly gain of 190,000 over the prior two years.

 

2.  On Friday the U.S. Department of Labor will report on jobs in April, and economists polled by MarketWatch are looking for a nonfarm employment gain of 161,000, up from a disappointing 88,000 in March. However, even if job growth hits that target, almost doubling March’s increase, April’s expansion will be below an average of 180,000 jobs gained per month over the prior two years.

 

Above copied from Marketwatch.

[Moneypenny]

Week’s play:  Anticipating double top on dailies, week predominantly more negative than positive. (opinion). On a non-related subject:  I'm pretty sure it’s ‘lip’ not ‘tongue’ but enjoyed the comment nevertheless.

[Plasma]

Would appear to be the case Lekkerry, not taking anything away from Jakes's intraday trend perspectives

Feeling more comfortable with my short warrant .....

[Lekkerry]

Thanks Plasma.

So more simplistically: it is Argento-the-Bear and not Jakes-the-Bull, right?



Nothing is an exact science in this game, it is all about probabilities and dealing them to the most probable benefit or outcome.

[Plasma]

 ImageUploadedBySharenet Sharechat1367081456.786959.jpg   204.48KB   42 downloads

A paste of a submission by

Gregory W. Harmon CMT, CFA, has traded in the Securities markets since 1986. He has held senior positions including Head of Global Trading, Head of Product Development, Head of Strategy and Director of Equity.

THE LAST PART OF THE PASTE.....

"The SPY moved higher off of support before pulling back slightly Friday. The Thursday Shooting Star candle just short of the all time high was confirmed lower so a pullback may be in order. The Relative Strength Index (RSI) remains bullish but is looking to roll over after failing to reach the prior high and the Moving Average Convergence Divergence indicator (MACD) has been trending lower, but looks to be turning up. A role reversal between the RSI and MACD but divergence likely to lead to more of the same. The weekly picture shows continued consolidation over the rising wedge. The RSI is bullish and holding near 70 with a MACD that is turning flat at a point where previous uptrends have ended. Sentiment is getting more bearish with some calling for ‘the big one’ which could just keep this from falling and just continue to correct through time. Resistance higher is found at 159.71 and then a Measured Move to 165.71 if it gets out of the current 6 point channel. Support lower comes at 156.80 and 155 followed by 153.50. Under that and it could get a little dicey with 148.80 the next major support.

Short Term Bias For a Pullback in Consolidation Channel Within the Uptrend."

[JBlack]

Scary that! With all the email notifications I had some explaining to do at work! Blackberry going off every 30 seconds or so and checking my positions in between on 2 phones!

Rather the explaining to the bosses than to the wifey!!

That too! Posts didn't stop come 18h00! "wie stuur vir jou so baie boodskappe die tyd van die aand?"

[JBlack]

Scary that! With all the email notifications I had some explaining to do at work! Blackberry going off every 30 seconds or so and checking my positions in between on 2 phones!

[Plasma]

Do you guys realise that pages 40 -50 was just for Thursday and Friday? No wonder I was so exhausted Friday night. Ran a trader marathon with end not yet in sight .... . Roll on Monday. . And welcome Sam, enjoy!

[JBlack]

Welcome Sam. Yes, I think trading, whatever instrument, relies on information. As much information as possible. I have learned a lot on this thread and I am sure you will too. Don't be afraid to share your opinion!

[Sam]

Hi Guys

I've been trading the Alsi for approximately six months now via IGM cfd's and WAVEs via Standard Bank OST.
Relative to share cfd's, I have to admit that Alsi trading has been an extremely humbling and expensive affair. That said, I believe that the bulk of the school fees have now been paid and that I am becoming a little smarter and beginning to recover more and more as each week passes.
Hence, my joining the forum. I am here to learn as much as I can, and hopefully make a small contribution to this thread's success in the future.
I have it on good authority that there are some very knowledgeable and successful traders here.

Thanks and enjoy the weekend

[jaDEB]

Lets hope when Asia wakes up they push gold back up, @ 1462 now. In the last couple of days that seems to be the trend, they push it up, the US drops it again

 

I sold off about 65%ish of my gold after it's good run on Thursday.

Looking at buying back in on Monday when we open (expecting another positive run - a lot of value still in here - esp. after loosing 20% of it's value in recent weeks)

[JBlack]

Nice to have a winning streak like that ....great

Yeah

I ended solidly in the money for the 5th day in a row. Didn't go as low as I thought (34300) but low enough. Will see what Monday brings!

What ever mojo you were using I'll take 2! Monday is a bit tricky trading day though..Good trading week though! Well done

Fanks. Yes this Monday I barely broke even. But the rest of the week went well.

[JBlack]

Yeah I ended solidly in the money for the 5th day in a row. Didn't go as low as I thought (34300) but low enough. Will see what Monday brings!

Nice to have a winning streak like that ....great

Tough times ahead tho. Tricky when it drops.... Loving the binaries tho!

[Plasma]

Yeah I ended solidly in the money for the 5th day in a row. Didn't go as low as I thought (34300) but low enough. Will see what Monday brings!

Nice to have a winning streak like that ....great