35854 replies to this topic

[BBW]

RusQ, on 10 Jul 2014 - 3:06 PM, said:

dunno, but would be surprised if IG does anything nonlegal. often see the same on T40F (SAFEX) and the underlying. kinda game of 'chicken' - eventually one budges and all is even again.

 

for out-of-system trades, you need TLAC (think like a criminal)  

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!!

Edited by BBW, 10 July 2014 - 05:16 PM.

[RusQ]

BBW, on 10 Jul 2014 - 2:56 PM, said:

It is an index, isn't it; thus IGcash supposed to mimic it perfectly "in hours"? Same with Futures, except for the initial cost that's supposed to creep close; definitely become bigger?? Or does my logic desert me?! I'm just a layman, but can ad 1+1, I hope...

dunno, but would be surprised if IG does anything nonlegal. often see the same on T40F (SAFEX) and the underlying. kinda game of 'chicken' - eventually one budges and all is even again.

 

for out-of-system trades, you need TLAC (think like a criminal)  

[Qbre77]

BBW, on 10 Jul 2014 - 2:56 PM, said:

It is an index, isn't it; thus IGcash supposed to mimic it perfectly "in hours"? Same with Futures, except for the initial cost that's supposed to creep close; definitely become bigger?? Or does my logic desert me?! I'm just a layman, but can ad 1+1, I hope...

IG cash has buying and selling pressure so it will not be directly in sync

[BBW]

Qbre77, on 10 Jul 2014 - 2:53 PM, said:

The J200 moves solely on the movements of the underlying shares, there is no buying or selling pressure involved

It is an index, isn't it; thus IGcash supposed to mimic it perfectly "in hours"? Same with Futures, except for the initial cost that's supposed to creep close; definitely become bigger?? Or does my logic desert me?! I'm just a layman, but can ad 1+1, I hope...

Edited by BBW, 10 July 2014 - 04:58 PM.

[Qbre77]

BBW, on 10 Jul 2014 - 2:51 PM, said:

Is the J200 basically IGTop40Cash? So, I know the difference is in the initial cost of the Future, but how can the difference become bigger; aren't they supposed to get closer to each other as time progress? Just yesterday or day before it was about 100-110, this morning more than 120!!??? Now less than 80! Wonder what it's going to be tomorrow?? I repeat: IG are SCOUNDRELS!!!!

The J200 moves solely on the movements of the underlying shares, there is no buying or selling pressure involved

[BBW]

Wingnut, on 10 Jul 2014 - 08:25 AM, said:

I dont get how the Futures market is so far out of whack with the j200? Can someone please enlighten me?

Is the J200 basically IGTop40Cash? So, I know the difference is in the initial cost of the Future, but how can the difference become bigger; aren't they supposed to get closer to each other as time progress? Just yesterday or day before it was about 100-110, this morning more than 120!!??? Now less than 80! Wonder what it's going to be tomorrow?? I repeat: IG are SCOUNDRELS!!!!

Edited by BBW, 10 July 2014 - 04:52 PM.

[warnerbroers]

Argento, on 10 Jul 2014 - 2:45 PM, said:

Long it is!!

 

A

[Argento]

Argento, on 10 Jul 2014 - 2:41 PM, said:

Given this 5H candle in the making the odds is high, when she moves through the 89 like that and comes back usually signals a bottom!

 

5H macd also very overbought so if she ends like that I'm going long again (good signal)!

 

Think this drop was overcooked!

 

A

Long it is!!

 

A

[RusQ]

davidp13, on 10 Jul 2014 - 2:19 PM, said:

happy to hear anyone's thoughts on this image

well, one shoulder and a good head? bears will not be happy if the falling wedge comes to fruition!

 

got stopped out of my long for meager spoils. system had me short for some of the drop and now long again...

 

best to all 

[Argento]

warnerbroers, on 10 Jul 2014 - 2:33 PM, said:

hey A, do you think we've hit the bottom?

Given this 5H candle in the making the odds is high, when she moves through the 89 like that and comes back usually signals a bottom!

 

5H macd also very overbought so if she ends like that I'm going long again (good signal)!

 

Think this drop was overcooked!

 

A

Attached Files

•  TOP40 (5H reversal candle).jpg   151.96KB   5 downloads

[warnerbroers]

Argento, on 10 Jul 2014 - 1:29 PM, said:

Next week is seasonally bullish so I'm looking for that long entry (signal).

 

Let's not forget the intermediate waves are big in size so comparing it against 1 and 2 this little wave can reach 3000 points down given the 0.384 fib count in total!

 

But if this bounce coming that is part of the distribution can make a new high we will have to see...!

 

Still got intermediate V ahead and given that the Fed has announced to cut QE in full come the beginning of October won't be surprised if that kicked off the long awaited primary IV!

 

A

hey A, do you think we've hit the bottom?

[davidp13]

happy to hear anyone's thoughts on this image

Attached Files

•  chart1.png   144.08KB   10 downloads

[grantmu]

Argento, on 10 Jul 2014 - 1:29 PM, said:

Next week is seasonally bullish so I'm looking for that long entry (signal).

 

Let's not forget the intermediate waves are big in size so comparing it against 1 and 2 this little wave can reach 3000 points down given the 0.384 fib count in total!

 

But if this bounce coming that is part of the distribution can make a new high we will have to see...!

 

Still got intermediate V ahead and given that the Fed has announced to cut QE in full come the beginning of October won't be surprised if that kicked off the long awaited primary IV!

 

A

shortened my stops on the short, I think this is the bottom for today, have my mouse on the long button

[Argento]

grantmu, on 10 Jul 2014 - 1:01 PM, said:

best chance for a bounce is right here, if it continues to fall then we are in a really big correction that may be a trend change to down. 

Next week is seasonally bullish so I'm looking for that long entry (signal).

 

Let's not forget the intermediate waves are big in size so comparing it against 1 and 2 this little wave can reach 3000 points down given the 0.384 fib count in total!

 

But if this bounce coming that is part of the distribution can make a new high we will have to see...!

 

Still got intermediate V ahead and given that the Fed has announced to cut QE in full come the beginning of October won't be surprised if that kicked off the long awaited primary IV!

 

A

[grantmu]

best chance for a bounce is right here, if it continues to fall then we are in a really big correction that may be a trend change to down. 

[Qbre77]

Hedge, on 10 Jul 2014 - 12:51 PM, said:

Thanks AJS, Obre. It is fine following the charts but to get some news feed and thus some of the fundamentals can also be of  help. Thus some input as to the the why of it all.

No problem, I thought u were looking for charts 

[Hedge]

AJS, on 10 Jul 2014 - 12:40 PM, said:

SO many...

 

Twitter

MarketWatch.com

Reuters

Bloomberg

CNBC

MoneyWeb

4-traders

CNNMoney

 

These are just a FEW that came to mind...

Thanks AJS, Obre. It is fine following the charts but to get some news feed and thus some of the fundamentals can also be of  help. Thus some input as to the the why of it all.

[sequoia]

Wingnut, on 10 Jul 2014 - 12:35 PM, said:

Well the S&P 500 and the Dow Futures is currently 1/8% down and chart showing the rest of the world looks like a blood bath, and given the true situation of our economy, Im not so keen on catching the falling piano today, by trying to anticipate going long.

 

I agree with you, I trade CFDs on medium term horizons and whenever I get an across the board red day I use it as an opportunity to cherry pick and get into those that have been the most affected by fear

[grantmu]

we seem to be disconnected from FTSE at the moment, and still going down

[AJS]

Hedge, on 10 Jul 2014 - 12:33 PM, said:

Can anybody help with advice on where one can go to get market news besides DSTV? Overseas and the SA scene if possible. I am talking about a link/links on the internet. Thank you/dankie.

 

SO many...

 

Twitter

MarketWatch.com

Reuters

Bloomberg

CNBC

MoneyWeb

4-traders

CNNMoney

 

These are just a FEW that came to mind...