35854 replies to this topic

[grantmu]

TheSource187, on 17 Sept 2014 - 08:55 AM, said:

okay thanks, I think I'm gna sit that one out and watch from the sidelines. 

where we are now it is a very good chance this thing will head north on close out day (Thursday), during the day today I think the JSE will move along the Pivot line, the end of trading today will probably see the set-up starting in an up move, probably not fireworks but a slow steady up tick, at the moment we seem to be bouncing of the 89 day MA and as long as it stays above that line for the day we should have a good day tomorrow.

 

there is no momentum today at all, so wait and see what it is going to do.

 

EU CPI was not brilliant so that is not going to push it up, later tonight it is the Turn of the US and they may well have better numbers for CPI and general house keeping information, that will push the US up 

[TheSource187]

grantmu, on 17 Sept 2014 - 08:42 AM, said:

It is the day that the contracts sold for this quarter close, it is also the day that every one is trying to get the market to the point they make the most money so it moves around a lot. Usually very high share volumes for the day and the moves can be quite big with little or no warning.

 

basically a very risky busy day, if you have a contract you can close it or role It over into the next quarter.  

okay thanks, I think I'm gna sit that one out and watch from the sidelines. 

[grantmu]

TheSource187, on 17 Sept 2014 - 08:25 AM, said:

What does futures closeout mean?

It is the day that the contracts sold for this quarter close, it is also the day that every one is trying to get the market to the point they make the most money so it moves around a lot. Usually very high share volumes for the day and the moves can be quite big with little or no warning.

 

basically a very risky busy day, if you have a contract you can close it or role It over into the next quarter.  

[grantmu]

Argento, on 17 Sept 2014 - 08:28 AM, said:

Express leaving at 12:00!

 

A

agreed, just waiting to Eu house keeping announcements, if CPI is good I think this thing will go

[Argento]

grantmu, on 17 Sept 2014 - 08:14 AM, said:

FTSE has some big reports in the next 30 min, that may kick start this thing or send it down depending on the reports. 

 

G

Express leaving at 12:00!

 

A

[TheSource187]

delta66, on 17 Sept 2014 - 08:22 AM, said:

thanks..those 3 sectors take off then higher targets easily achievable currently on the fence until futures closeout

What does futures closeout mean?

[delta66]

Argento, on 17 Sept 2014 - 08:14 AM, said:

Showed 3 graphs yesterday, Industrials, Resources and Finances all hit major support end of last week together with the TOP40 hitting that major bullish uptrend line of the channel in place since June 2010.

 

A

thanks..those 3 sectors take off then higher targets easily achievable currently on the fence until futures closeout

[Vertebrae]

Casenova, on 17 Sept 2014 - 07:57 AM, said:

Let me take a crack at this...

 

An Increase in CPI is equals to a higher probability of an increase in interest rates, which in tern equals an impaired ability for the consumer to spend money, which in tern equals a slow down of the economy, which i tern means the ALSI is probably going down when the CPI goes up more than expected.

 

Do I understand this correctly?

 

In ZA lalaland next rate increase has been pricing in. Inflation being at high end of target range.

In EU ponziland they way under target. Fighting the dreaded deflation dragon.

IN US manipuland the truth would be a fine thing

[grantmu]

FTSE has some big reports in the next 30 min, that may kick start this thing or send it down depending on the reports. 

 

G

[Argento]

Argento, on 16 Sept 2014 - 12:30 PM, said:

I'm on the other side and calling a break out to the upside..daily macd is very bullish and we might see a big push up into Thursday afternoon IMO!

 

There is a reason Tony Caldaro is the best there is...EW is a major component of trading, thing is we don't really understand it but very crucial to trading and where we are in a bullmarket!

 

But each for his own strategy!

 

A

Definitely worth watching Garth Mckenzie on Traders Corner Tuesday's 20:30 on Summit (channel 412 Dstv) for TOP40 tips!

 

Showed 3 graphs yesterday, Industrials, Resources and Finances all hit major support end of last week together with the TOP40 hitting that major bullish uptrend line of the channel in place since June 2010.

 

With the daily macd making higher highs and our market making lower lows it calls for a big upmove coming (Green Express), don't miss it!!

 

Next cycle date is only beginnning December so I'm long and sitting tight!

 

Might get a post futures close-out drop worth shorting but for now buy the dips!

 

It's payback time.....

 

A

[delta66]

TheSource187, on 17 Sept 2014 - 08:03 AM, said:

Yes, I think some people are better inclined to trading than others, like some people are excellent painters, others play the piano well. So I think trading is like this, some people can easily recognize patterns and trends and intuitively know which way to trade it. 

try full sized intraday contracts on scalps..target roughly 50-75p daily, guaranteed to age a person real quick

[TheSource187]

Hedge, on 17 Sept 2014 - 07:57 AM, said:

And the only way is to find a system that suits you and stick with it. And that is the problem. To try and stick with it. And you only need to be 40% correct to make money. And try to time your entry on a good run. And that would only be luck. And remember that this is a very dangerous game and very few actually make money. It is as low as 5%. So to be a 5% er is the goal. 

Yes, I think some people are better inclined to trading than others, like some people are excellent painters, others play the piano well. So I think trading is like this, some people can easily recognize patterns and trends and intuitively know which way to trade it. 

[Casenova]

Let me take a crack at this...

 

An Increase in CPI is equals to a higher probability of an increase in interest rates, which in tern equals an impaired ability for the consumer to spend money, which in tern equals a slow down of the economy, which i tern means the ALSI is probably going down when the CPI goes up more than expected.

 

Do I understand this correctly?

[Hedge]

And the only way is to find a system that suits you and stick with it. And that is the problem. To try and stick with it. And you only need to be 40% correct to make money. And try to time your entry on a good run. And that would only be luck. And remember that this is a very dangerous game and very few actually make money. It is as low as 5%. So to be a 5% er is the goal. 

[delta66]

bear catcher, on 17 Sept 2014 - 07:51 AM, said:

Closed short 45990 nice 120 sculp and long same level. Now to see how high we can go target 46200.

my target around 45900..just above daily pivot

[Ettas]

TheSource187, on 17 Sept 2014 - 07:48 AM, said:

lol yea that's true, but I look at this as a game, like Battlefield 4 or FIFA, win or lose depends on your level of skill. 

Do me a favour young man, dont post any comments anymore unless they are to enlighten this forum on any technical prowess that can enable us to make a better trade. Just read and learn otherwise

[bear catcher]

Closed short 45990 nice 120 sculp and long same level. Now to see how high we can go target 46200.

[TheSource187]

Ettas, on 17 Sept 2014 - 07:28 AM, said:

you can have as much "never give up" spirit as a Disney world character...If the market empties that account you cant pay in spirit.

lol yea that's true, but I look at this as a game, like Battlefield 4 or FIFA, win or lose depends on your level of skill. 

[BlythZ]

bear catcher, on 17 Sept 2014 - 07:23 AM, said:

First short 46110

Well done Bear Catcher

[delta66]

mx125, on 17 Sept 2014 - 07:34 AM, said:

Don't know how you knew to go short there

near top of recent channel(46200-46400)-resistance around those levels