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ALSI Trades

Started by Plasma , Apr 03 2013 09:05 PM

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#17441 sequoia

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Posted 15 July 2014 - 01:53 PM

Nobody knew this thing would have run so high as she did and currently do...hope you caught the BIIIIG wave!!?

 

Although trend still up major up and down waves are coming/happend that could hurt if you play the risk-on products....less risk if you stick to normal equities but then again less reward! ;)

 

A

 

I fully agree, I also would never have thought we would be where we are now. I have been 'lucky' enough to catch most of the bull so far but that is through risk management more than balls. I trade longer terms swings so am prepared to trade in a direction that allows the 5 to 10% corrections to happen every so often. This allows me to not get shaken off the bull. 

 

I prefer to spend my resources looking for great entry points onto the primary trend rather than looking for counter trend trades. This lesson I had to learn the hard way. It negates most of the behavioral biases that I have.

 

By the way thanks for the great charts and TA Argento!


Edited by sequoia, 15 July 2014 - 01:55 PM.

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Markets can remain irrational longer than you can remain solvent – John Maynard Keynes

#17442 Casenova

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Posted 15 July 2014 - 01:47 PM

Nobody knew this thing would have run so high as she did and currently do...hope you caught the BIIIIG wave!!?

 

Although trend still up major up and down waves are coming/happend that could hurt if you play the risk-on products....less risk if you stick to normal equities but then again less reward! ;)

 

A

What he said... :P


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#17443 Argento

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Posted 15 July 2014 - 01:39 PM

Taking some profit off the table here, had a guuuud run! B)

 

A


Edited by Argento, 15 July 2014 - 01:39 PM.

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#17444 Argento

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Posted 15 July 2014 - 01:35 PM

What I don't understand is why everyone is always looking for a short entry. Ride the major trend and the major trend has been bullish since the 1st quarter of 2009 when Top 40 was around 20,000. With it being at around 46,500 we can play the should have, could have game all day. One thing is for certain, trading against the major trend would have cost you. 

 

The best time to plant a tree was 20 years ago, the second best time is now. Don't be a sucker!

Nobody knew this thing would have run so high as she did and currently do...hope you caught the BIIIIG wave!!?

 

Although trend still up major up and down waves are coming/happend that could hurt if you play the risk-on products....less risk if you stick to normal equities but then again less reward! ;)

 

A


Edited by Argento, 15 July 2014 - 01:36 PM.

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#17445 bear catcher

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Posted 15 July 2014 - 01:29 PM

Yes Wingnut at least i am constant in going the wrong way some good advice go opposite of me and make money
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#17446 Argento

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Posted 15 July 2014 - 01:28 PM

Im more leaning to the IHS playing out, but i also think one should wait till close maybe...1000pts in this run if it does play out

 

question is when do you think it is a good time to start accumulating shorts?

My take only after the 1st August, NFP days is known for important tops but I am going to wait for that short signal (reversal candle/bollingerband breach) also!

 

Shorting this bull too soon can hurt!

 

A


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#17447 Wingnut

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Posted 15 July 2014 - 01:21 PM

First short 46530 will add if we go much higher looking for 46000

Is that why we suddenly had a small run. :P


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#17448 sequoia

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Posted 15 July 2014 - 01:05 PM

Puts expired OTM and market action as predicted. Have a good weekend folks. Bull to continue next week

 

What I don't understand is why everyone is always looking for a short entry. Ride the major trend and the major trend has been bullish since the 1st quarter of 2009 when Top 40 was around 20,000. With it being at around 46,500 we can play the should have, could have game all day. One thing is for certain, trading against the major trend would have cost you. 

 

The best time to plant a tree was 20 years ago, the second best time is now. Don't be a sucker!


Edited by sequoia, 15 July 2014 - 01:07 PM.

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Markets can remain irrational longer than you can remain solvent – John Maynard Keynes

#17449 bear catcher

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Posted 15 July 2014 - 12:55 PM

First short 46530 will add if we go much higher looking for 46000
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#17450 Vertebrae

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Posted 15 July 2014 - 12:45 PM

Looking further ahead...

 

 

warning - this chart is not for the feint hearted

 

 


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#17451 davidp13

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Posted 15 July 2014 - 11:58 AM

Im more leaning to the IHS playing out, but i also think one should wait till close maybe...1000pts in this run if it does play out

 

question is when do you think it is a good time to start accumulating shorts?


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I find trading like body surfing, catch the right one and you will make it all the way to the beach.

#17452 Argento

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Posted 15 July 2014 - 11:52 AM

two scenarios can play out...

The uptrend line has not been broken and she bounced on it so my take this scenario not on the cards! :rolleyes:

 

And seasonals are more bullish then bearish!

 

But never set in stone!

 

A


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#17453 davidp13

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Posted 15 July 2014 - 11:47 AM

two scenarios can play out...

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I find trading like body surfing, catch the right one and you will make it all the way to the beach.

#17454 Argento

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Posted 15 July 2014 - 11:44 AM

So we have 1000 points left to the upside but about 2 weeks remaining, that tells us there should be another leg down, wave 2 that is!

 

Need to be alert with what is happening and could cause a reaction/top/low, so we have MPC meeting on Thursday and pretty certain rates will be hiked, so IMO mr market ain't going to like that so tomorrow into Thursday could be down! 

 

If you have good profit I suggest take it!If your account can take a 400+ hit, then sit tight! ;)

 

NFP is on the 1st August so me expects this uptrend to last until then before some top building starts!

 

A

Reason for my short term concern...daily macd is still flat to down and normally says beware folks!

 

A

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#17455 Wingnut

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Posted 15 July 2014 - 11:41 AM

So we have 1000 points left to the upside but about 2 weeks remaining, that tells us there should be another leg down, wave 2 that is!

 

Need to be alert with what is happening and could cause a reaction/top/low, so we have MPC meeting on Thursday and pretty certain rates will be hiked, so IMO mr market ain't going to like that so tomorrow into Thursday could be down! 

 

If you have good profit I suggest take it!If your account can take a 400+ hit, then sit tight! ;)

 

NFP is on the 1st August so me expects this uptrend to last until then before some top building starts!

 

A

Thanks for the heads up A


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#17456 Argento

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Posted 15 July 2014 - 11:38 AM

So we have 1000 points left to the upside but about 2 weeks remaining, that tells us there should be another leg down, wave 2 that is!

 

Need to be alert with what is happening and could cause a reaction/top/low, so we have MPC meeting on Thursday and pretty certain rates will be hiked, so IMO mr market ain't going to like that so tomorrow into Thursday could be down! 

 

If you have good profit I suggest take it!If your account can take a 400+ hit, then sit tight! ;)

 

NFP is on the 1st August so me expects this uptrend to last until then before some top building starts!

 

A


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#17457 Casenova

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Posted 15 July 2014 - 11:27 AM

Naspers, BHP Billiton, SAB Miller, and Anglo PLC SA is on the right side of the scale today, it's the only reason why we dont see the markets moving logically with the fundementals...My opinion at least. :rolleyes:


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#17458 Argento

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Posted 15 July 2014 - 11:26 AM

Been Riding mine 687 points :)

Waveriders!!

 

A


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#17459 Wingnut

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Posted 15 July 2014 - 11:19 AM

ended my long to at 237 points

Been Riding mine 687 points :)


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#17460 Ninja

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Posted 15 July 2014 - 10:52 AM

For now all that is coming is more upside as Alsi and global markets defy fundamental economic reality
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