35854 replies to this topic

[Rolycpt]

I am a bit concerned with the Federal Reserve releasing their minutes today at 2 PM ET. This meeting had the potential of discussions about an interest hike. That to me screams bearish. So what i did was i have opened a short around 46900ish which has played out well this far. Today however the market looks as if it wants to go back up. So i decided, because i want to have shorts opened before tonight's announcement i am going to leave my short open but cover it with a long. So i am currently locking in my profit and waiting for the markets to go into any direction, which is bound to happen either today or tomorrow, then i am back in the profit.

 

From what I have been reading, the expectation is that the Fed will remain dovish and stick to the path its on so far..ie not raise interest rates sooner. That to me means bullish...just an opinion

[Casenova]

if the market drops do you still hold the long, and if it goes up do you dump the short

I have a stop on the long, if the market drops and strikes the stop, i start making money on the short...and vica verca

[grantmu]

I am a bit concerned with the Federal Reserve releasing their minutes today at 2 PM ET. This meeting had the potential of discussions about an interest hike. That to me screams bearish. So what i did was i have opened a short around 46900ish which has played out well this far. Today however the market looks as if it wants to go back up. So i decided, because i want to have shorts opened before tonight's announcement i am going to leave my short open but cover it with a long. So i am currently locking in my profit and waiting for the markets to go into any direction, which is bound to happen either today or tomorrow, then i am back in the profit.

if the market drops do you still hold the long, and if it goes up do you dump the short

[Argento]

Do you add more shorts on the way up as well as playing the bull, how do you manage the risk. and historically the market does not normally drop down this low again unless it is a really big correction. trying this on Cash would be a killer or do you have some deep insight as to how to achieve this.  

Always nominate the different trends...it being short/medium or long term!

 

The long term trend is still up as intermediate 5 + primary V still lies ahead, so we know this bull got legs into next year!

 

Medium term trend is down as I believe we are busy with the intermediate IV wave, so always leave such a position in for when mr markets decides she goes lower for longer then you think...sitting tight!

 

Short term should be up now...so worth taking a hedge cause that will be extra mula in your pocket as we know she will come down again thus the shorts will cover themselves.

 

Not always that easy but more or less my strategy in a nutshell, important to take the signals and seasonality in account!

 

I don't play IG/cash, to volatile and prices get adjusted a lot, I focus on warrants!It is still volatile but the higher prices gives you room for when she moves against you, difficult to time the daily fluctuations and as the saying goes...the market proves you wrong just before being right!

 

A

Edited by Argento, 09 July 2014 - 02:55 PM.

[Casenova]

Do you add more shorts on the way up as well as playing the bull, how do you manage the risk. and historically the market does not normally drop down this low again unless it is a really big correction. trying this on Cash would be a killer or do you have some deep insight as to how to achieve this.  

I am a bit concerned with the Federal Reserve releasing their minutes today at 2 PM ET. This meeting had the potential of discussions about an interest hike. That to me screams bearish. So what i did was i have opened a short around 46900ish which has played out well this far. Today however the market looks as if it wants to go back up. So i decided, because i want to have shorts opened before tonight's announcement i am going to leave my short open but cover it with a long. So i am currently locking in my profit and waiting for the markets to go into any direction, which is bound to happen either today or tomorrow, then i am back in the profit.

[grantmu]

My take back up to 46900ish futures...then I'm gonna lock and load with more shorts...intermediate IV distribution before the big whack down!

 

A

Do you add more shorts on the way up as well as playing the bull, how do you manage the risk. and historically the market does not normally drop down this low again unless it is a really big correction. trying this on Cash would be a killer or do you have some deep insight as to how to achieve this.  

[Argento]

Have nice reversal on the 60min chart!

 

A

My take back up to 46900ish futures...then I'm gonna lock and load with more shorts...intermediate IV distribution before the big whack down!

 

A

[saint1]

target 46510

[saint1]

is that a inverse h&s on the 5min?

[Motion Picture]

Another long added at 46615. One more left in the bag. To add if she goes down to 46400.

 

Last long added at 46251. Now we wait

Missed lower entry coz of meetings.

[grantmu]

total drop from the start to now is 980, may be enough, was hoping for 1200, shorts gone spectator for now.

[Argento]

Hi A please post when you see the reversal, i am fed uP not making the change to long and loosing short profits

Have nice reversal on the 60min chart!

 

A

[Casenova]

FYI15 min chart

Attached Files

•  South Africa 40 Cash (ZAR2 Micro Con (-).png   36.66KB   10 downloads

[farouk]

Buy order 46105 (F) 46045 TOPI

V what wave are we in?

Tks in advance.

[Vertebrae]

Buy order 46105 (F) 46045 TOPI

 

 

[Casenova]

Hi A please post when you see the reversal, i am fed uP not making the change to long and loosing short profits

 

Yeah, i am hanging on to my shorts, but hate playing with bears in a bull market.

[bear catcher]

Hi A please post when you see the reversal, i am fed uP not making the change to long and loosing short profits

[grantmu]

next big support at 45850, that is where I think it will bounce if this does not hold 

[Argento]

This will be a good test for if that 1st of the month theory works....so it goes that when mr market rallies hard (and stay up) first day of the month it usually is a bullish month...we had a 1.3% up day on the 1st, so depending on what reversal signal (doji/engulfing) we get we will know soon!

 

IMO if we get a engulfing candle tomorrow changes are good the bull is back...and will go long!So that means today she will stay red (red maribuzo) and could still go bit lower!

 

It is just us falling (US futures flat) and an impulsive drop that usually signals the end of a down phase...always wait for the signal!

 

A

Edited by Argento, 09 July 2014 - 11:16 AM.

[Casenova]

Kudo's for sitting tight on those shorts!

 

A

I am still sitting on them...