35854 replies to this topic

[K~~]

If you are on IG platform and want to play ALSI40 I strongly advise you not to play anything bigger than the R4 per point (2 micro contracts @R2 per point each) until you start getting a feel for things.....which could take a couple of years or so. Recommend you also read Reminiscences of a Stock Operator (Lefevre) AND Trading Tools And Tactics: Reading The Mind Of The Market (Greg Capra).

 

Don't get suckered into a false sense of confidence by the dummy trading account. You wont learn anything until you have lost and made your own money. 

So true, that last sentence, Shortboy!

 

Here is a quote to go with that:

 

"There are certain things that cannot be adequately explained to a virgin either by words or pictures. Nor can any description I might offer here even approximate what it feels like to lose a real chunk of money that you used to own." - Fred Schwed

 

K

[Argento]

blood red international and we flying

And lots more green coming...this bull is just amazing!!

 

A

[Beorn]

Bounced nicely of that support line in the fist chart posted over the weekend,

second chart shows my target and some support, which will hopefully hold, if it does not, I have next support @ +- 46530, after that, back to +- 46260 again.

I am aiming to go short @ +-46800.

 

Lets see

I'm short @ 46765

[Shortboy]

Welcome Mars

 

Read at least the last 100 pages. Look at historical graphs and compare the commentary. Google terminology you don't know and post questions. In trading you have to do 90% yourself unfortunately.

If you are on IG platform and want to play ALSI40 I strongly advise you not to play anything bigger than the R4 per point (2 micro contracts @R2 per point each) until you start getting a feel for things.....which could take a couple of years or so. Recommend you also read Reminiscences of a Stock Operator (Lefevre) AND Trading Tools And Tactics: Reading The Mind Of The Market (Greg Capra).

 

Don't get suckered into a false sense of confidence by the dummy trading account. You wont learn anything until you have lost and made your own money. 

[mx125]

Welcome Mars

 

Read at least the last 100 pages. Look at historical graphs and compare the commentary. Google terminology you don't know and post questions. In trading you have to do 90% yourself unfortunately.

 

Hi guys,

 

I am brand new to this forum and to trading... so can anyone please give me a quick crash course on what I can expect to find on this forum etc. Also some help on the terminology used will be appreciated...

 

Thanks

Start very small. Do not think you are Chuck Norris after you made money on your first trade. I have been trading part time now for a year and can only now say I've got a system that works, thanks to this forum and the unselfishness of it's members.I Have lost a lot of money but are slowly getting it back. Print the summary of the HDB Trading System out, it was posted today, and study it over and over again while just watching the graphs for 2 weeks before you make any trades.

 

Good Luck

[JJBen]

Hi guys,

 

I am brand new to this forum and to trading... so can anyone please give me a quick crash course on what I can expect to find on this forum etc. Also some help on the terminology used will be appreciated...

 

Thanks

Welcome Mars

 

Read at least the last 100 pages. Look at historical graphs and compare the commentary. Google terminology you don't know and post questions. In trading you have to do 90% yourself unfortunately.

[davidp13]

ZAR...and lots of people went short  

[delta66]

blood red international and we flying

[delta66]

R1 on weekly tough to crack..but still in with tp 46800

[K~~]

Here comes the dip in the US. Waiting for the dip buyers to step up...

[Mars]

Hi guys,

 

I am brand new to this forum and to trading... so can anyone please give me a quick crash course on what I can expect to find on this forum etc. Also some help on the terminology used will be appreciated...

 

Thanks

[Argento]

Selling your beautiful farm, A? Is this the beginnings of your move to acquire a wine farm in Stellenbosch?

 

K

 

Apologies, meant to say beautiful farm to hunt on and belongs to a friend of my father, wish it was me though!

 

A

[K~~]

Welcome back to you K, believe your travels were amazing, what countries did you see? I'm definitely in the bullish camp just like you!

 

Thanks for asking BlythZ, hunting was great, if ever anybody on the forum is looking for a nice farm contact me, it is 6000ha and beautiful, just north of Thabazimbi!

 

Back to trading, if you compare these two charts the pattern looks very similiar, as always determine if she is busy with consolidation or distribution, now if consolidation we are in for a strong rally and 47800+ futures my target, we are still in an uptrend!

 

Think first half of August is going to be bullish before that intermediate IV kicks off (quick and nasty)!

 

IMO....

 

A

Selling your beautiful farm, A? Is this the beginnings of your move to acquire a wine farm in Stellenbosch?

 

K

[K~~]

Welcome back to you K, believe your travels were amazing, what countries did you see? I'm definitely in the bullish camp just like you!

 

Thanks for asking BlythZ, hunting was great, if ever anybody on the forum is looking for a nice farm contact me, it is 6000ha and beautiful, just north of Thabazimbi!

 

Back to trading, if you compare these two charts the pattern looks very similiar, as always determine if she is busy with consolidation or distribution, now if consolidation we are in for a strong rally and 47800+ futures my target, we are still in an uptrend!

 

Think first half of August is going to be bullish before that intermediate IV kicks off (quick and nasty)!

 

IMO....

 

A

 

Triangle target 48400 on cash...

 

(Maybe a little less, IG out of hours trading skews things a bit...)

 

K

Attached Files

•  Top40 cash 28 July 2014.png   152.18KB   5 downloads

Edited by K~~, 28 July 2014 - 01:41 PM.

[Motion Picture]

The Mexican Wave...

   

[davidp13]

Welcome back to you K, believe your travels were amazing, what countries did you see? I'm definitely in the bullish camp just like you!

 

Thanks for asking BlythZ, hunting was great, if ever anybody on the forum is looking for a nice farm contact me, it is 6000ha and beautiful, just north of Thabazimbi!

 

Back to trading, if you compare these two charts the pattern looks very similiar, as always determine if she is busy with consolidation or distribution, now if consolidation we are in for a strong rally and 47800+ futures my target, we are still in an uptrend!

 

Think first half of August is going to be bullish before that intermediate IV kicks off (quick and nasty)!

 

IMO....

 

A

Attached Files

•  Capture.PNG   122.28KB   6 downloads

[Argento]

Welcome back, A! I'm also back from holiday, and looking to bank lots of green into the end of the year.

 

For now, the bulls seem to be in firm control. On to new highs!

 

K

Welcome back to you K, believe your travels were amazing, what countries did you see? I'm definitely in the bullish camp just like you!

 

Thanks for asking BlythZ, hunting was great, if ever anybody on the forum is looking for a nice farm contact me, it is 6000ha and beautiful, just north of Thabazimbi!

 

Back to trading, if you compare these two charts the pattern looks very similiar, as always determine if she is busy with consolidation or distribution, now if consolidation we are in for a strong rally and 47800+ futures my target, we are still in an uptrend!

 

Think first half of August is going to be bullish before that intermediate IV kicks off (quick and nasty)!

 

IMO....

 

A

Attached Files

•  Nasdaq.jpg   141.29KB   3 downloads
•  TOP40.jpg   154.63KB   5 downloads

[Casenova]

Thanx for targets guys will post my trade so you can go opposite and make money Just for intrest sake what wave are we in now?

The Mexican Wave...

[bear catcher]

Thanx for targets guys will post my trade so you can go opposite and make money Just for intrest sake what wave are we in now?

[Beorn]

Bounced nicely of that support line in the fist chart posted over the weekend,

second chart shows my target and some support, which will hopefully hold, if it does not, I have next support @ +- 46530, after that, back to +- 46260 again.

I am aiming to go short @ +-46800.

 

Lets see

Attached Files

•  30 min support.png   224.52KB   6 downloads
•  30 min target.png   246.24KB   5 downloads