35854 replies to this topic

[schumdl]

Thank you for your insights 

Hi schumdl,

 

To be honest I am not that clued up on the divi payouts and the effect it is having on the markets!

 

But the 'dumb' money bought in this morning so the stage is set for the final drop...

 

A

[Argento]

Hi schumdl,

 

To be honest I am not that clued up on the divi payouts and the effect it is having on the markets!

 

But the 'dumb' money bought in this morning so the stage is set for the final drop...

 

A

Hi Argento,

 

I was wondering, in terms of your perspective on today's scenario, if you were factoring in the 73 dividend payouts today? 

 

Thanks

[Hit & Run]

Out @ 33537 just need to reduce my exposure a bit

Long 33504 For Scalp 60 points

[schumdl]

Hi Argento,

 

I was wondering, in terms of your perspective on today's scenario, if you were factoring in the 73 dividend payouts today? 

 

Thanks

 

Hi Lekkerry,

 

I still believe the final whip down going to be tomorrow, these downphases end in style with a final emotional drop and huge turn around, and haven't seen that yet, I thought the one we had first week in April was it, but was wrong...

 

We are still below that 200 moving average that is the bears play ground!

 

That 32670 is the double top target, so I am holding on to my shorts!

 

A

[JBlack]

Resources up big in Oz. BHP up over 2%. Might help for a local push? Plus reason for up trend this morning according to analysts is because of positive sentiment for weekend's IMF and G20 meetings.

[JBlack]

Yes everything points to an up day. However, yesterday US futures were 0,3+ and then they dropped at open.
Friday is a strange beast. Always those lazy stock brokers selling positions around 14h00 because they want to go play golf and not watch US movement....
Watch Europe sentiment first I say...

[Plasma]

East is green, DJ futures turned green, will we still go down today, or what? Not fully trusting the east green to spill,over, but yesterday there was glimpses of bulls wanting to come through.

[AJS]

Thanks guys, appreciate it!  The things is I am looking to buy a property towards the end of the year, and being in Sandton this won't come cheap, so I am looking at the bigger picture as well.

 

Plasma, you couldn't have said it better.... Go micro!

 

Trade well and prosper guys  

[JBlack]

Okay guys... I've reached the end of the road for now...

I can't keep on trying to trade with too little capital and then take too much risk, not sticking to my risk management strategy and end up losing capital. Again and again and again.

So yeah, I am left having to save up some capital to trade again, don't know when that will be

Bad luck mate. I hope you will at least venture an opinion or two while you are saving up?!

[jaDEB]

Hope you change your mind, I also have been taking a beating, being 100% in gold. But hope you come right and return soon. Good Luck

[Plasma]

Okay guys... I've reached the end of the road for now...  I can't keep on trying to trade with too little capital and then take too much risk, not sticking to my risk management strategy and end up losing capital. Again and again and again. So yeah, I am left having to save up some capital to trade again, don't know when that will be   

No no no .......go micro ....

[Hit & Run]

Sorry to hear hope to see you back soon 

Okay guys... I've reached the end of the road for now... 

 

I can't keep on trying to trade with too little capital and then take too much risk, not sticking to my risk management strategy and end up losing capital. Again and again and again.

 

So yeah, I am left having to save up some capital to trade again, don't know when that will be   

[Hit & Run]

Looks like we are going to end with a Doji today

Someone give me green candles and good news please?!?

[AJS]

Okay guys... I've reached the end of the road for now... 

 

I can't keep on trying to trade with too little capital and then take too much risk, not sticking to my risk management strategy and end up losing capital. Again and again and again.

 

So yeah, I am left having to save up some capital to trade again, don't know when that will be   

[bear catcher]

Someone give me green candles and good news please?!?

You just got it i think we must thank Lagarde of imf

[@sirgrantfleming]

Someone give me green candles and good news please?!?

[bear catcher]

High BC

On 5 min chart, during a strong bull or bear trend one normally sees 3 to 4 legs. In other words, a number of green candles, with a slight pause and retreat and then another number of green candles, etc (during a bull run). Thereafter a trend reversal can take place, or the market goes into a trading range to the right, and can break up or down etc. This description excludes the formation of triangles, wedges etc that can form during a ranging market.

For me, knowing the expected number of legs, helps with forecasting the kind of position to take, with a perceived level of certainty. It is easy to after the trading day to look at the chart and see all these things, but in the heat of things, not so easy. However, my level of confidence in terms of this increases as my ability to recognize what is happening increases - only through day to day experience and reading and re-reading my sources. And I still have FAR to go.

Having said the above, it does not mean it cannot go down another leg, but it gives an indication that the run might be ending and the market might start ranging to the right or reverse again.

Hope it helps

Thanks for helpful answer, i think we have just seen the last spike down with the Us open , hopeful for good bounce.

[Ninja]

theres your leg down... enjoy it while it lasts.... coz the bulls are around the corner

[ClockworkOrange]

Went long @33420, let's see if the triple bottom holds, tight stop at 33350

 

closed at 610, missed the 700 mark due to a goddamn meeting

[Argento]

Hi Lekkerry,

 

I still believe the final whip down going to be tomorrow, these downphases end in style with a final emotional drop and huge turn around, and haven't seen that yet, I thought the one we had first week in April was it, but was wrong...

 

We are still below that 200 moving average that is the bears play ground!

 

That 32670 is the double top target, so I am holding on to my shorts!

 

A

Argento, what if your opinion noted below has come 1 day earlier (yesterday) and +- 800 points off?