31 votes
The Artist
Posted 26 April 2013 - 01:27 PM
Even if she makes a tiny new high today (possible due to the consolidation forming) I am sticking to my shorts, just to make it clear!
Just saw again, seasonality is your most important indicator, and it normally follows till the end of the week!
And next week is bearish!!!
A
"Never never never give up!"
The Oracle
Posted 26 April 2013 - 01:04 PM
Closed long and short @ 34820
Alsi future
I only post my views, not advice
The Oracle
Posted 26 April 2013 - 01:03 PM
Can’t blame the guy for leaving, he’s made his point and now is expected to defend every single up-tick over and over again, maybe not my place to say but there you have it anyway.
A, don’t know how you've come to your short decision for here en now, I do my own research, discounting all white-noise and came to the same conclusion with same time-frame, short if not later today definitely Monday and yes, also anticipating a big down not just a small blip, not this exact moment but for sure from next week onwards, so I guess to each their own, good luck to you all either way.
Predictions made were not for the next month or week, it was for today. Just pointing it out,
not asking anyone to defend anything either.
But if you make predictions like that you must expect some tong.
Alsi future
I only post my views, not advice
Sage
Posted 26 April 2013 - 01:00 PM
uhm, ... so what does your risk mgmt strat say, hang in there, or ride it out?
tsk tsk tsk...
Hang in there!
From your perspective, Lekkerry is faceless and to a degree nameless, so any opinions expressed are just that, opinions from someone on the Internet 
Little Master
Posted 26 April 2013 - 12:45 PM
Silfen Path Wanderer
Posted 26 April 2013 - 12:22 PM
The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business. 
Little Master
Posted 26 April 2013 - 11:57 AM
Oops. Guess I was wrong.... I see the red ness is reducing all over....
Little Master
Posted 26 April 2013 - 11:45 AM
Agreed chubby. I think most of us are trading intraday or maybe only a tad longer. Not comparing apples with apples. I still think we will drop this arvie though....
My thinking as well..Argento is trading over a much longer time period..possibly as long as three weeks and if you have deep pockets AND small hands you can ride out the movement against you as long as you are trading within the underlining trend( which I think he is doing)..So if you are day trading you can't possible shoot down his forecast every time there is an intraday move up. Having said that everyone's opinion should be valued. We have a chance to create our own " Broker's consensus" It is always useful to measure up your predictions against what is out there and get a feel on what others thoughts are. How much you emphasis you place on that is really up to you. But take a leaf from my book. If you are wrong at least be confidently wrong! The lesson learnt will be remembered long after the event.
Sage
Posted 26 April 2013 - 11:31 AM
Ta,
Yes, bounced on 50 SMA (5 min) and made higher high next candle, I was expecting a quick fall thru 50 SMA didn't materialise. Also USD/ZAR is pusjing us higher I think
From your perspective, Lekkerry is faceless and to a degree nameless, so any opinions expressed are just that, opinions from someone on the Internet
Little Master
Posted 26 April 2013 - 11:30 AM
if I may, why doesn't it look good, did you expect a quicker fall?
Yes, bounced on 50 SMA (5 min) and made higher high next candle, I was expecting a quick fall thru 50 SMA didn't materialise. Also USD/ZAR is pusjing us higher I think
Little Master
Posted 26 April 2013 - 11:23 AM
I am also not convinced that we will go higher today. I think we will drag down from here. However, if I am wrong so be it. Only have a couple of small binaries open for Top40 to stay below 34600....
Me thinks we will end around 34300 today maybe lower. Guessed it right yesterday!
Sage
Posted 26 April 2013 - 11:22 AM
if I may, why doesn't it look good, did you expect a quicker fall?
Hm closed at same point, not looking good
From your perspective, Lekkerry is faceless and to a degree nameless, so any opinions expressed are just that, opinions from someone on the Internet
Little Master
Posted 26 April 2013 - 11:19 AM
Short 2 x 34790
Hm closed at same point, not looking good
Newbie
Posted 26 April 2013 - 11:17 AM
Can’t blame the guy for leaving, he’s made his point and now is expected to defend every single up-tick over and over again, maybe not my place to say but there you have it anyway.
A, don’t know how you've come to your short decision for here en now, I do my own research, discounting all white-noise and came to the same conclusion with same time-frame, short if not later today definitely Monday and yes, also anticipating a big down not just a small blip, not this exact moment but for sure from next week onwards, so I guess to each their own, good luck to you all either way.
Ok guys, last from me on the current situation!
Little Master
Posted 26 April 2013 - 11:01 AM
Short 2 x 34790
The Artist
Posted 26 April 2013 - 10:46 AM
Ok guys, last from me on the current situation!
If she breaks this downtrend in place (graph) then it will be game over for me and will cut all my shorts!
Seasonal factor expects a bear week next week, so might not be today but watch out next week for that final drop and great buy opportunity!
Lost of indicators on the US charts suggesting the top is in or almost there...!
Have a lekke weekend!
A
"Never never never give up!"
Sage
Posted 26 April 2013 - 10:46 AM
Short 34533 (J200) - testing out the water with a short (finger on the trigger just in case...)
From your perspective, Lekkerry is faceless and to a degree nameless, so any opinions expressed are just that, opinions from someone on the Internet
The Oracle
Posted 26 April 2013 - 10:45 AM
our market should pop if Ftse and Us turn positive.
Alsi future
I only post my views, not advice
Sage
Posted 26 April 2013 - 10:41 AM
bear catcher ... see, we are half-way there already!
If the dailies are anything to go by, ALSI about to break into upside with an upside of 1000+ points as it currently stands.
From your perspective, Lekkerry is faceless and to a degree nameless, so any opinions expressed are just that, opinions from someone on the Internet
The Oracle
Posted 26 April 2013 - 10:38 AM
Not today trade what you see
I dont trade a Market maker,'
on SAFEX board itself, the actual Alsi just went through 34800
Alsi future
I only post my views, not advice
