35854 replies to this topic

[Lekkerry]

This is where ALSI (IG Cash) shows its strength (or not). Attached graph (off IG) shows the J200 since April and the 34EMA is proving to be lekker support. At times (red arrows) the J200 would breakdown to breach the 34EMA, but shoot up the very next session. The next test is here now. If it holds, the new highs are not unattainable in this season.

 

Roll-on Friday-the-bull (perhaps).

Attached Files

•  CFD.jpg   91.12KB   17 downloads

[grantmu]

You are not alone Delta, i started off with a 7k profit and ended up with an 80k loss.

Playing this thing teaches you one thing, money what's that? I find it quite difficult when I shout out of the office F%^&*(k and the wife comes in and I say just lost 100K, and not 5 minutes later I am back in with a new set of trades, followed by a sharp slap to the back of my head, I love my wife, the bruise on the back of my head not so much. 

 

money has less meaning now, its just another number i have to deal with every day. 

[davidp13]

delta - if you could have hold on just a bit you would have been ok right about now...i know the feeling and where you went long was not all that bad of a spot

i see on IG price is close to the downtrend line, short by about 50pips and i wonder it it will fail or break. if it breaks down then it means the C leg has only finished leg 2 of 5 down...

[grantmu]

was f#cked up big time today on T40F!  35K loss.

 

no-one else to blame but...>>>myself

oh good I thought it was just me that losses that kind of money.

[RusQ]

150 pips up since the 212 down this morning....do I take profit or let it run ....

how to answer rhetorical questions?

[BlythZ]

was f#cked up big time today on T40F! 35K loss. no-one else to blame but...>>>myself

You are not alone Delta, i started off with a 7k profit and ended up with an 80k loss.

[Qbre77]

was f#cked up big time today on T40F! 35K loss.

no-one else to blame but...>>>myself

Today was not a good day for me either. My swing trading portfolio took a big hit, just when the positions were starting to make nice profit

[Plasma]

was f#cked up big time today on T40F! 35K loss.

no-one else to blame but...>>>myself

Ouch raised to the power of lots

[delta66]

was f#cked up big time today on T40F!  35K loss.

 

no-one else to blame but...>>>myself

 

 

 

 

[Plasma]

150 pips up since the 212 down this morning....do I take profit or let it run ....

[RusQ]

Like your rule no 3; like I'm trying with the taxi's these days.   Just feel like getting a bit vocal about it sometimes; blow off some steam.

Curious as to what your 1st 2 rules are? (Guess I'll find it in this forum somewhere; TLAC and...?)

Rule No 1:

keep on breathing! (making new highs as we speak)   

 

trading related rules kicks in around seven - i actually try to have a life also

[BBW]

Think the S&P's going to close the gap tonight still?

Edited by BBW, 10 July 2014 - 05:41 PM.

[BBW]

they both follow the underlying index J200, but then they have different buy and selling of contracts on them so they dont stay insync because this buying and selling pressure affects it. Just lke if u look at the charts of the different contracts on IG, the mini, micro etc. They are not exactly the same, because different buying and selling is happening on each one. 

 

 

I am not a fan of IG but, they are in this for a business, I think that there are ways of getting ahead of IG and making a living off it provided you don't equate it to something like the J200. The primary way to make a difference between the SA40 and ig markets is to follow the J200 but the components that make up the index are given different bias. Them on top of that they exaggerate some of the moves by a small percentage, this creates what look like bigger opportunities, if you hit it right you make money, if you miss by even a small amount you will loose. 

 

I use the J200 as a direction and know that sooner or later IG will follow, it is sometimes interesting in that IG will make a move that does not look right and 5 minutes later the J200 will follow, today is a good example, ig was 100 point bellow the J200 before it even started to move, that got my attention, unfortunately in trying to find the reason for the drop in futures I was not looking at the chart and it still cost me big time. 

 

IG is not all bad. 

 

G

Thanks guys. I agree, I actually like IG too, but don't mess with my trades; a few points make a difference when you're as exposed (and Red!) as I am. And yes, got to keep them on their toes. See RusQ's 3rd rule

Edited by BBW, 10 July 2014 - 05:39 PM.

[BBW]

simple rule no 3 for me:

understand what/who you dealing with, stand back, handle it.

 

"Soustrein" - LOL, sweet irony, that is what made me bail the corporate structures way back in '91

Like your rule no 3; like I'm trying with the taxi's these days.   Just feel like getting a bit vocal about it sometimes; blow off some steam.

Curious as to what your 1st 2 rules are? (Guess I'll find it in this forum somewhere; TLAC and...?)

[grantmu]

I would like to believe so too, but when even the head of the FSB got caught accepting a bribe, I would NOT be surprised!

 

Funny, as I write this, guess what's playing on the radio.... "Soustrein" by Francois Louw. Great song, sad reality!!

I am not a fan of IG but, they are in this for a business, I think that there are ways of getting ahead of IG and making a living off it provided you don't equate it to something like the J200. The primary way to make a difference between the SA40 and ig markets is to follow the J200 but the components that make up the index are given different bias. Them on top of that they exaggerate some of the moves by a small percentage, this creates what look like bigger opportunities, if you hit it right you make money, if you miss by even a small amount you will loose. 

 

I use the J200 as a direction and know that sooner or later IG will follow, it is sometimes interesting in that IG will make a move that does not look right and 5 minutes later the J200 will follow, today is a good example, ig was 100 point bellow the J200 before it even started to move, that got my attention, unfortunately in trying to find the reason for the drop in futures I was not looking at the chart and it still cost me big time. 

 

IG is not all bad. 

 

G

[Qbre77]

OK, can you please explain to me then how the difference between the SA40 Cash and Futures can play see-saw, and not follow a constant line? Seems to be manipulated up and down (more and less) as IG(?) sees fit? Definitely not kosher.

they both follow the underlying index J200, but then they have different buy and selling of contracts on them so they dont stay insync because this buying and selling pressure affects it. Just lke if u look at the charts of the different contracts on IG, the mini, micro etc. They are not exactly the same, because different buying and selling is happening on each one. 

[BBW]

IG is an international company, so i have bit more faith in it than a SA one

OK, can you please explain to me then how the difference between the SA40 Cash and Futures can play see-saw, and not follow a constant line? Seems to be manipulated up and down (more and less) as IG(?) sees fit? Definitely not kosher.

[RusQ]

I would like to believe so too, but when even the head of the FSB got caught accepting a bribe, I would NOT be surprised!

 

Funny, as I write this, guess what's playing on the radio.... "Soustrein" by Francois Louw. Great song, sad reality!!

simple rule no 3 for me:

understand what/who you dealing with, stand back, handle it.

 

"Soustrein" - LOL, sweet irony, that is what made me bail the corporate structures way back in '91

[Argento]

Long it is!!

 

A

So according to Elliott this wave down had a A, B and C legs (counter trend move) and should therefore be done, got a nice doji to top it off, so let's see if this bull got wings!

 

A

Attached Files

•  TOP40 (Elliott).jpg   156.75KB   7 downloads

[Qbre77]

I would like to believe so too, but when even the head of the FSB got caught accepting a bribe, I would NOT be surpris

IG is an international company, so i have bit more faith in it than a SA one