31 votes
The Artist
Posted 14 July 2014 - 03:28 PM
approaching iv of wave 1 (small iv) or maybe we've just hit it as i type....now up to v to complete wave 1 of 5?
Mmm talking about the micro waves, looks as if we had a micro 3 extension so could be...I rather enjoy focusing on the bigger timeframes, these mini's can get confusing! 
That 30min bullish cross is not helping any pullback here!(Good for us)
A
"Never never never give up!"
Guest_Bandido_*
Posted 14 July 2014 - 03:27 PM
Just remember to put in your stop loss , otherwise 
Advanced Member
Posted 14 July 2014 - 03:27 PM
approaching iv of wave 1 (small iv) or maybe we've just hit it as i type....now up to v to complete wave 1 of 5?
South Africa 40 Futures(15 Minutes)20140714152205.png 63.31KB
7 downloads
Advanced Member
Posted 14 July 2014 - 03:23 PM
Wave 1 of 5 yip, but she can just run up and not come down, this is distribution waves so very impulsive!
Approaching iv?, the big intermediate IV?
A
approaching iv of wave 1 (small iv) or maybe we've just hit it as i type....now up to v to complete wave 1 of 5?
The Artist
Posted 14 July 2014 - 03:19 PM
Hey A, any chance we are still in wave 1 ..... approaching iv? thx.
Wave 1 of 5 yip, but she can just run up and not come down, this is distribution waves so very impulsive!
Approaching iv?, the big intermediate IV?
A
"Never never never give up!"
Newbie
Posted 14 July 2014 - 03:14 PM
Well done .... Now that we all long, is there anyone that is short still left?
NO, long since Friday.
Sage
Posted 14 July 2014 - 03:11 PM
Advanced Member
Posted 14 July 2014 - 03:11 PM
30min bullish cross in the making so the Bulls is on fire like the Lions on Saturday!
Come wave 2 or not (should happen), open up a beer and see your account grow...if you are long!
A
Hey A, any chance we are still in wave 1 ..... approaching iv? thx.
The Artist
Posted 14 July 2014 - 03:09 PM
Thanks for the info A. Im working on my "new and improved" mindset to buy low and sell high and avoid day trading so I have braced myself and made peace with the fact that times will come where I will need to watch pullbacks wipe out a lot of my profits before continuing north.
This mindset will make you good money, you'll see!
Big money lies in the big swings!
A
"Never never never give up!"
Advanced Member
Posted 14 July 2014 - 02:57 PM
Don't jump ship if she comes down quick for wave 2, return moves are known for it!
A
Thanks for the info A. Im working on my "new and improved" mindset to buy low and sell high and avoid day trading so I have braced myself and made peace with the fact that times will come where I will need to watch pullbacks wipe out a lot of my profits before continuing north.
The Artist
Posted 14 July 2014 - 02:39 PM
Yip, my target for this move (5 waves) up is 47550ish futures!
Wave 2 aka return move could reach 46140ish and come this afternoon/tomorrow morning, but not going to try and catch it with a short...overall trend is now back up!
A
30min bullish cross in the making so the Bulls is on fire like the Lions on Saturday! 
Come wave 2 or not (should happen), open up a beer and see your account grow...if you are long!
A
TOP40 (30min bullish cross).jpg 160.64KB
3 downloads
"Never never never give up!"
Member
Posted 14 July 2014 - 01:16 PM
Hi Casenova
On the candle patterns, that's called a Morning Star . Learning slowly
It is funny how sometimes when you look at the charts long enough, you start seeing things that is not there. That is when i simply stop trading and go do something else...like reading a book. especially when i have made a good profit like today.
Guest_Bandido_*
Posted 14 July 2014 - 12:34 PM
Hi Casenova
On the candle patterns, that's called a Morning Star . Learning slowly
The Artist
Posted 14 July 2014 - 12:18 PM
I really like the sound of that. Listen!!!..............It sounds like money! Lots of it!
Don't jump ship if she comes down quick for wave 2, return moves are known for it!
A
"Never never never give up!"
Member
Posted 14 July 2014 - 12:18 PM
Don't know if this is meant for me, don't see myself as a pro but will answer anyway...!
Well spotted and referred to as inverse negative divergence (price vs RSI), very bearish and confirms the intermediate IV down coming (3000 points)!
But it is daily so can take time and confirms that this last move up is to complete the top formation in the works since June!
A
Agreed, I like you A.
The Artist
Posted 14 July 2014 - 12:12 PM
I would like to have the pro's opinion. Let's see if we agree. What do you think about this daily chart with the RSI. Your opinion will be much valued.
Don't know if this is meant for me, don't see myself as a pro but will answer anyway...! 
Well spotted and referred to as inverse negative divergence (price vs RSI), very bearish and confirms the intermediate IV down coming (3000 points)!
But it is daily so can take time and confirms that this last move up is to complete the top formation in the works since June!
A
Edited by Argento, 14 July 2014 - 12:14 PM.
"Never never never give up!"
Sage
Posted 14 July 2014 - 12:11 PM
anyone have any ides about what the rates announcement will do on Thursday, in don't think we will see a raising of the rates, but that might put the breaks on for Thursday and allow a big finish for Friday.
any views.
G
Advanced Member
Posted 14 July 2014 - 11:57 AM
Yip, my target for this move (5 waves) up is 47550ish futures!
Wave 2 aka return move could reach 46140ish and come this afternoon/tomorrow morning, but not going to try and catch it with a short...overall trend is now back up!
A
I really like the sound of that. Listen!!!..............It sounds like money! Lots of it!
Member
Posted 14 July 2014 - 11:50 AM
I would like to have the pro's opinion. Let's see if we agree. What do you think about this daily chart with the RSI. Your opinion will be much valued. 
South Africa 40 Cash (ZAR2 Micro Con (-).png 32.22KB
2 downloads
