35854 replies to this topic

[Platinummelt]

Can any one tell me how to paste a screenshot on this website. 

[Plasma]

I think an E wave might develop for a descending triangle that could be in play, this target could complete the double top that formed. The index is oversold but could be the tester-

Thanks P

Hey guys we have another P!

More seriously, I have not used Elliott waves. Pls be more specific about your expectation for tomorrow if you can.

[Plasma]

Lekkerry
Visual

Sorry for the inverted picture. Cannot get it right

[Platinummelt]

See my reply in your other thread

I think an E wave might develop for a descending triangle that could be in play, this target could complete the double top that formed. The index is oversold but could be the tester-

[Plasma]

Lekkerry

Visual

Attached Files

•  image.jpg   135.18KB   20 downloads

[Plasma]

Hi I am new to this site, so Good day too all.

 

I would like to know if any members trade the SA Top 40 with IG Markets SA. 

 

I have issues and just need to know if any other traders have been caught out by them regarding their pricing compared to the chart one watches on Metastock with a feed from "Reuters".

 

Anybody going long on Monday? be careful looks like the C wave might have further to go.

See my reply in your other thread

Edited by Plasma, 14 April 2013 - 05:30 PM.

[Plasma]

Lekkerry

 

Advanced charts and the IGM chart on Pad looks different ito the 2 hour, 3 hour and 4 hour chart.

 

1 hour and dallies the same.

 

Which are you using?

[Platinummelt]

Hi I am new to this site, so Good day too all.

 

I would like to know if any members trade the SA Top 40 with IG Markets SA. 

 

I have issues and just need to know if any other traders have been caught out by them regarding their pricing compared to the chart one watches on Metastock with a feed from "Reuters".

 

Anybody going long on Monday? be careful looks like the C wave might have further to go.

[Platinummelt]

Hi I am new to this site, so Good day too all.

 

I would like to know if any members trade the SA Top 40 with IG Markets SA. 

 

I have issues and just need to know if any other traders have been caught out by them regarding their pricing compared to the chart one watches on Metastock with a feed from "Reuters".

 

Anybody going long on Monday? be careful looks like the C wave might have further to go.

[Platinummelt]

Hi I am new to this site, so Good day too all.

 

I would like to know if any members trade the SA Top 40 with IG Markets SA. 

 

I have issues and just need to know if any other traders have been caught out by them regarding their pricing compared to the chart one watches on Metastock with a feed from "Reuters".

 

Anybody going long on Monday? be careful looks like the C wave might have further to go.

[Plasma]

Thanks L - will paste some pictures a bit later.

 

In Rapport Frans De Klerk's technical perspective update is as follows:

 

To retain momentum, market must consolidate above 38 380.  Need to break through 40 000, otherwise an indicator that market investor confidence is waning.  Below 38 380 the next support level is 37 665.

[Lekkerry]

Hello Plasma!

 

Barring that our market only opens 08:30 and 09:00 respectively (that changes the picture and makes the charts more reliable (only then) to me), looking at my charts, I see the following (J200):

 

INTRADAY: The 1h needs another +- 100 points gain (before 05:00 I would guess) then you have convergence of the MACD cross-over and BBand crossing the MA favoring the bulls. As mentioned, in stating this, I am discounting any happenings over the weekend (its effect) and the fact that come 09:00, SA traders might have a total different idea. So these two assumptions could support or discourage this trend(?) / pattern busy forming.

 

LONG TERM: 1d charts doesn't show me (personally) any bullish signals (I see 12 April 2013 candle spoiling the expectation that a buy signal is forming). Not sure if we are looking at the same chart and indicator tools, based on your description. If you want to trade the expectation, then the expectation is there on the 1d that ALSI is busy turning for a run-up. But no factual evidence I see yet.

 

With MACD and BBand combination, you have the most efficient buy (or sell) signal when the BBand has crossed-over the MA with the next time-interval candle(s) beyond touching the MA (and the MACD crossed-over as well.

 

Will look at things tomorrow again and please remember, happenings over the weekend (non-rugby related ) and the impact of Eastern markets might change the above scenario-play. I am refraining from a position for now, until I have a new buy or sell signal.

 

And of course, my Argento-indicator is discouraging me (for now) from an immediate sell positions - har har!   

 

Lekkerry

 

Pls provide some comment on the perceived validity of my previous assessment yesterday (on dailies we are potentially entering a trading range / trending to the right with 33 750 as the bottom and 34 500 as the top. Or that the market have tested 33 750 three times and may bounce back).

 

And on the perspective that we had 3 legs down and are moving away from the Bollinger Band outer - therefor next bar more likely up.  On 4 hour chart a bullish bar (extending halfway into body of previous bar).  

 

Thanks   

[Plasma]

confession to make... I'm hecticly LONG on gold and resources

 

Does that mean you are going long Top40 as well?

[Plasma]

Prrrroooooovvvviiiinccceeee!!! 

 

           

[Plasma]

Lekkerry

 

Pls provide some comment on the perceived validity of my previous assessment yesterday (on dailies we are potentially entering a trading range / trending to the right with 33 750 as the bottom and 34 500 as the top. Or that the market have tested 33 750 three times and may bounce back).

 

And on the perspective that we had 3 legs down and are moving away from the Bollinger Band outer - therefor next bar more likely up.  On 4 hour chart a bullish bar (extending halfway into body of previous bar).  

 

Thanks   

[AJS]

Prrrroooooovvvviiiinccceeee!!! 

[Plasma]

Sorry Pipman

 

I know you were on a high on Friday - but success with a long does not translate to shark performance ....

[Ninja]

confession to make... I'm hecticly LONG on gold and resources

[Plasma]

Must admit didn't see this type of fall coming and also well done L, A and P that called/caught it!But looking at the positive divergence on the daily MACD I am holding on to my longs for that bounce into month end!A

That is good news A! I can sleep tonight again....and also take another go at TOPDWO on Monday.

[Argento]

Must admit didn't see this type of fall coming and also well done L, A and P that called/caught it!

But looking at the positive divergence on the daily MACD I am holding on to my longs for that bounce into month end!

A