35854 replies to this topic

[grantmu]

don't change direction yet, Vix is climbing usually a down sign

[RBM]

foreign sellers coming in now they smart

[mx125]

I hope it's not one of those times again; They go up, we go up. They fall, we go up.

[RBM]

I think it's only the weak rand preventing us from falling further. Surely we should have been down way more than we are if you look at US. .

correct

[bear catcher]

MX you see this is what I was sayinhg earlier everyone tanking and we just down but not so hard. I see us going up but could be wrong

[Qbre77]

I think it's only the weak rand preventing us from falling further. Surely we should have been down way more than we are if you look at US. .

US futures have been down like this all day, its no shock when the Us market opens

[mx125]

I think it's only the weak rand preventing us from falling further. Surely we should have been down way more than we are if you look at US. .

[RBM]

Bears this is really disappointing closed all short small long 46375

i think the bears heard you

[bear catcher]

Bears this is really disappointing closed all short small long 46375

[mx125]

Amazing how the US are in the red, yet it only put a small dent in the Alsi and then right back up again.

[bear catcher]

What fight at 46400 bull or bear?

[RBM]

all the way down to 46000...

[K~~]

ok so gap closing isn't so obvious to me, I'm aware of them but I don't think I'm aware of their importance... so I'm trying to understand them better now.

 

V, your target at 46216, was that because of the gap between the 11th and 14th? If so then wasn't that gap closed on the 18th with the low at 46180? Or does it still need to close down to the close on the 11th at 46115. These are all futures figures.

 

Or was that target based on channels?

 

Rule 1 is all gaps must close, is there a rule 2?

Rule 2: Rule 1 is wrong...

 

Some gaps, including (but not limited to) breakaway gaps at the bottom of a trend don't always close...

 

K

[gringots]

One day you will notice when gaps are in your favour. Someone advised that gap closing is so obvious it is never spoken of here.

 

ok so gap closing isn't so obvious to me, I'm aware of them but I don't think I'm aware of their importance... so I'm trying to understand them better now.

 

V, your target at 46216, was that because of the gap between the 11th and 14th? If so then wasn't that gap closed on the 18th with the low at 46180? Or does it still need to close down to the close on the 11th at 46115. These are all futures figures.

 

Or was that target based on channels?

 

Rule 1 is all gaps must close, is there a rule 2?

[InSitu]

Stop loss hunters is busy today

[grantmu]

Sorry guys...this whole drop was my fault.... Remember I posted about it going to be my first green month. Well, mr market did not like that and the rest is history... Got some 120 pips back today so far....resulting in the following stats for July. Total no of trades 107.....79 winners....28 losers. Total pips made 3524....pips lost....3389. Net pip profit. 135 pips Would have been > 1000 pips.....but that is water under the bridge..... Now for Aug!!!!

You are forgiven, for every one caught in a long there were just as many smiling waiting or the drop.

 

G

[Plasma]

Sorry guys...this whole drop was my fault.... Remember I posted about it going to be my first green month. Well, mr market did not like that and the rest is history... Got some 120 pips back today so far....resulting in the following stats for July. Total no of trades 107.....79 winners....28 losers. Total pips made 3524....pips lost....3389. Net pip profit. 135 pips Would have been > 1000 pips.....but that is water under the bridge..... Now for Aug!!!!

[Argento]

The European Indexes are not looking good, DAX is starting to break down, these zig zag down movements normally gets resolved with an impulsive move down, so bring on August!!

 

A

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[grantmu]

B-E-A-U- tiful!

 

Easy when you know how!

 

Thanks, G. Will check it out and let you know.

 

K

Remember the algorithm tuned for 5 minutes for best results, if you want it in different time frame you will have to mess with the defaults, But if you set it for longer that would be more for holding trades for a week or more, it will be much less accurate and you will loose quite a few points.

 

if you want to set it for day trading or scalping then you will have to reduce the time to 1 minute and also mess with the settings a bit. 

 

G

[K~~]

go to the current settings on the main chart, little spanner, and select add, then just pick it out of the list.

B-E-A-U- tiful!

 

Easy when you know how!

 

Thanks, G. Will check it out and let you know.

 

K