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ALSI Trades

Started by Plasma , Apr 03 2013 09:05 PM

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#35361 Beorn

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Posted 18 April 2013 - 08:28 AM

Looks like we might open +- 200 points down.

Panic seems to be setting in.


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Alsi future

 

I only post my views, not advice

#35362 Hit & Run

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Posted 18 April 2013 - 08:27 AM

Mhlato any insights?


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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.

#35363 Beorn

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Posted 18 April 2013 - 08:18 AM

Also still keeping my bearish view, we have a lot of unfinished business to the down side. But looks like we might get a bounce this morning.

Will see how it plays out to take a short. 

Scratch the bounce


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I only post my views, not advice

#35364 Beorn

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Posted 18 April 2013 - 07:51 AM

expect more pain..led by resources and miners...gold , copper, crude and silver all down ...Gold shares to lose another 4% plus today!!

IG showing top 40 up by about  40 points?? real freeby to start short!!

 

Also still keeping my bearish view, we have a lot of unfinished business to the down side. But looks like we might get a bounce this morning.

Will see how it plays out to take a short. 


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I only post my views, not advice

#35365 HDB

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Posted 18 April 2013 - 07:41 AM

expect more pain..led by resources and miners...gold , copper, crude and silver all down ...Gold shares to lose another 4% plus today!!

IG showing top 40 up by about  40 points?? real freeby to start short!!


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#35366 Lekkerry

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Posted 18 April 2013 - 07:34 AM

I don't want to spoil the teddy-bear picnic, but I see a fluttering green flag for today. Very aware IGM's overnight pricing model, but other than that, one of my other trend indicators are heading north. Hmmm, guess will have to wait 'till m-open before further confirmations.
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From your perspective, Lekkerry is faceless and to a degree nameless, so any opinions expressed are just that, opinions from someone on the Internet  :D

#35367 Hit & Run

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Posted 18 April 2013 - 07:22 AM

No sorry required :)

I missed that last run south. Was reasonably convinced it was imminent, had a short, got spooked by H&R going long, took some profit on the pause bounce, and then the big drop. Then uncertainty about getting in, or waiting for bounce etc.

So AJS, do not feel alone! Offloading is fine and good for mental health. :)

I am also sorry going long myself. But today is a new day any ideas, will the market bounce from here or will A's, scenario play out (32600)?? Wish I new.

Still have my longs hopefully yesterday was overdone and a small recovery this morning.


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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.

#35368 Plasma

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Posted 17 April 2013 - 08:55 PM

I find this "choppy" environment so difficult to trade and read... I guess it is just inexperience though  :unsure:  I am so uncertain of myself at the moment.  #bleh... Sorry for making the ALSI Trades thread a "Whine with Oprah" thread.


No sorry required :)

I missed that last run south. Was reasonably convinced it was imminent, had a short, got spooked by H&R going long, took some profit on the pause bounce, and then the big drop. Then uncertainty about getting in, or waiting for bounce etc.

So AJS, do not feel alone! Offloading is fine and good for mental health. :)
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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.  :)

#35369 AJS

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Posted 17 April 2013 - 08:04 PM

I find this "choppy" environment so difficult to trade and read... I guess it is just inexperience though  :unsure:  I am so uncertain of myself at the moment.  #bleh... Sorry for making the ALSI Trades thread a "Whine with Oprah" thread.


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"Trade what you see, not what you think"

#35370 Lekkerry

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Posted 17 April 2013 - 07:55 PM

Having said that, I am keeping an eye on 33500-600, this might be a turning point up north for the interim, tomorrow.


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From your perspective, Lekkerry is faceless and to a degree nameless, so any opinions expressed are just that, opinions from someone on the Internet  :D

#35371 Lekkerry

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Posted 17 April 2013 - 07:43 PM

Ok, now this is where it gets tricky. Up to now, this was easy (relatively speaking).

 

The tricky bits are:

- stock inventories have just been cleared (stock sell-offs the past week or two)

- gold went form sublime to a dumping ground (but busy clawing back)

 

I take absolute notice of Argento's view now, but... ok, no buts. Let the slide continue!

 

Woopeeeee! 

 

P.s. Until I see a pattern, this is a free-fall, trusting tomorrow AM will bring some perspective to where this is going now.

 

If I read this correctly, if ALSI breaks 33700ish (J200), the next stop is seemingly 33200. Will consider shorting below 33700 (just-now) then.


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From your perspective, Lekkerry is faceless and to a degree nameless, so any opinions expressed are just that, opinions from someone on the Internet  :D

#35372 Hit & Run

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Posted 17 April 2013 - 05:28 PM

Add to long at 33268

Out at 33284  nerves cant hold it anymore


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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.

#35373 AJS

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Posted 17 April 2013 - 05:08 PM

Up down Up down.... I don't know which way any more.... My confidence ("ability" to reap the "tape") has taken a beating....   -_-


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"Trade what you see, not what you think"

#35374 Beorn

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Posted 17 April 2013 - 05:00 PM

What a drop!


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Alsi future

 

I only post my views, not advice

#35375 Hit & Run

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Posted 17 April 2013 - 04:54 PM

A, you must post before I buy  ;)

 


She is through her 200 day moving average, so expect this waterfall to last into friday!

 

Target 32670

 

A


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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.

#35376 Beorn

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Posted 17 April 2013 - 04:52 PM

how far down can we go??? Another bad day!!

 

The market can always go lower.


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Alsi future

 

I only post my views, not advice

#35377 Argento

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Posted 17 April 2013 - 04:51 PM

She is through her 200 day moving average, so expect this waterfall to last into friday!

 

Target 32670

 

A

how far down can we go??? Another bad day!!


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"Never never never give up!"



 


 

 
 

 

#35378 Hit & Run

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Posted 17 April 2013 - 04:51 PM

Add to long at 33268


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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.

#35379 bear catcher

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Posted 17 April 2013 - 04:45 PM

Gold is picking up yet we still goiing down will this reverse in ig after close

how far down can we go??? Another bad day!!


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IG CASH

#35380 JBlack

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Posted 17 April 2013 - 04:22 PM

I saw drop outside of technical statistical trading as follows:
US futures was red all day at around -0,7
Bank of America results were poor
Automotive figures from EU was poor.
US had to drop and drag us even lower
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