35854 replies to this topic

[vencat2]

Hi V....what if he had 2 contacts x 125 = 250 pts...or am I being too simplistic?

[Vertebrae]

Fiction abounds in the form of tripe and con

 

With non so blind supporting all the way to till marks money gone

 

To claim more points than market had moved without rebuke - come on gang u can do better

 

Health department called for an infestation order

[Argento]

Usually when a Monday starts red the rest of the week is green!Got a hunch we might see that top of minute III Thursday'ish and then down for minute IV into second week of July, got a cycle low date in that timeframe!

 

No proof yet a bigger correction has kicked off.....!

 

A

[grantmu]

250 points in the bank, waiting now

[delta66]

action resting around weekly pivot on T40cash chart..engulfing candle traders take note on the 5min

[delta66]

first buy 46100(T40)

[grantmu]

S1 being tested

i think it is just taking a breath

[Plasma]

S1 being tested

[K~~]

Good Morning Everyone

 

Can someone please confirm if I got the pivot points, attached, correct for today.

Which one do I use. The normal calculation or the midpoint one.

Pivot: 46304 or midpoint 46247 ?????

 

Thank youPivot Points 23 June.htm

 

My data based on Friday's IG cash 24h data is as follows R2. 46526 R1. 46391 P. 46275 S1. 46140 S2. 46024

 

 

Good Morning Everyone

 

Can someone please confirm if I got the pivot points, attached, correct for today.

Which one do I use. The normal calculation or the midpoint one.

Pivot: 46304 or midpoint 46247 ?????

 

Thank youPivot Points 23 June.htm

IG SA40 Cash Market hours ProRealtime:

 

R2 46522

R1 46389

P 46274

S1 46141

S2 46026

 

K

[mx125]

My data based on Friday's IG cash 24h data is as follows R2. 46526 R1. 46391 P. 46275 S1. 46140 S2. 46024

Thanks Plasma

[delta66]

lol..market not open yet and deep in the green on long just before 8.00am

 

taking money from baby..thks china!!

[Plasma]

Good Morning Everyone Can someone please confirm if I got the pivot points, attached, correct for today. Which one do I use. The normal calculation or the midpoint one. Pivot: 46304 or midpoint 46247 ????? Thank you  Pivot Points 23 June.htm   24.45KB   26 downloads

My data based on Friday's IG cash 24h data is as follows R2. 46526 R1. 46391 P. 46275 S1. 46140 S2. 46024

[mx125]

Good Morning Everyone

 

Can someone please confirm if I got the pivot points, attached, correct for today.

Which one do I use. The normal calculation or the midpoint one.

Pivot: 46304 or midpoint 46247 ?????

 

Thank you  Pivot Points 23 June.htm   24.45KB   26 downloads

 

 

 

[grantmu]

When the markets correct they correct together. Thus I would rather use indicators for the FTSE and S&P500 than the ALSI. The ALSI will in all likelihood follow these markets than the other way around when it comes to a correction. As you pointed out the FTSE is not too toppish yet. It still has a long way to go till 2007 levels.

One of the probable reasons for the ALSI seeming so overbought is the weakened rand.

My prediction follows most major bankers predictions: when we have the correction it will be due an announcement by some or other organization, be it the fed or a government; it will likely happen in late 2014, probably last 3 months. Until then the bulls will run hard and fast, so don't go waving a red flag around unless you are 100% certain that you can kill the bull or it will kill you.

 Hi

 

3 months ago I would have said you are correct, as it is now I have doubts as there seems to be strong resistance to going up or down, so I will have to wait for this thing to break in one direction or another, maybe the results during next month will give this thing direction again.

 

G 

[grantmu]

 

Interesting things the group might like to try. 

 

What group is that HDB. Are u doing that I own u all thing again.

You should tell therapist about it. Cos your totally incurable, as u know.

Did u get thrown off SB forum? That would be how many times now?

Tut tut, u sure need watching like a hawk.

 

You really do have a thing for this HDB person and a huge persecution complex. 

 

you idiot

 

My Name is Grant Murray if you would like to have my phone number as well I will put it on the reply. if you don't like the posts I put up then please by all means don't bother reading them, and please don't bother comment in on them. 

 

Grant Murray

[Vertebrae]

Interesting things the group might like to try. 

 

What group is that HDB. Are u doing that I own u all thing again.

You should tell therapist about it. Cos your totally incurable, as u know.

Did u get thrown off SB forum? That would be how many times now?

Tut tut, u sure need watching like a hawk.

[grantmu]

Interesting things the group might like to try. 

 

I have been doing a couple of tests finding what is best indicator to use as a trigger point for a buy or sell signal. The SA40 and all indecies all lack the volume aspect of the trade, even if you have some kind of volume measurement based on what you are trading this information is incorrect as it is the underlying shares that actuality determines the volume. I am working on an indicator that allows for a reference of all the underlying shares volumes to be brought into a calculation to help determine if you stay in a trade or get out. This is not working right just yet but I have found one thing that does work very well and adds more than 20 percent of the available points in any given day to be traded.

 

This is all based on the use of a 2 minute chart.

First you need something of a centre line and that can be an 8 period simple moving average. so a candle above the line is up trend and below is down trend. 

Then you need a reference that will track that and show the high and low side. for this a simple moving average applied to the high of each candle seems to work nicely. So simple moving average 6 periods, applied to the high of each candle. So your normal buy and sell points would come only at the point that crosses the 8 moving average. doing it this way you loose 20 percent of the trade waiting for a confirmation crossing of the lines. Any entry is risky due to the unknown.

 

To correct this and improve the hit rate I have added a third moving average that improves the entry level by 20 percent depending on the length of the trade, this works especially well for days when nothing is happening and the trades are especial short in duration. So the last MA needs to be set as an exponential moving average of 11 periods, applied to the close of each candle, and the method of smoothing MUST be "End Point"

 

With this entry point for a long would be at the point that the 11 period line crosses the 8 period line, confirmation of the trade being a good one comes when the 6 period line crosses the 11 period line, the exit point is at the crossing of the 11 over the 6 at the top of the trade.

 

I traded this on Friday and made 58 extra points over the trades in the day than I would have if I had just used the normal entries. It also allowed for failed trade to be exited much earlier and costing much less.

 

G

     

 

 

 

Attached Files

•  South Africa 40 Cash (ZAR2 Micro Con (-).png   95.68KB   11 downloads

[Vertebrae]

Free Trading Book...for Elliott wave trading...

 

Google: the wave principle applied Kennedy

 

download pdf file

 

 

[Vertebrae]

Chart Game

It gives 3 options as to where the DJ30 may now.be and maps the road of the preferred one...

 

 

http://tinyurl.com/lkqs6rz

 

 

[alsi_speculator]

FTSE, JSE and the USA are all in sync for a change, all the markets look the same from a graph point of view, we have not been in sync for quite a while, those bears may be organizing the legions. I see momentum slowing, I think that cliff is getting closer. if you check the weekly MACD the JSE is right at the top of the measurement scale. The rest of the markets are mid to low scale, I think the effect of this is the JSE will see exaggerated moves when the down turn comes. The last time the MACD on the weekly was this high was in mid 2007 and we are higher than that point at the moment. as far as I can tell using a 10 moving average this market has never ever been this far from the median line. The indication is we are so far into overbought at the moment that the correction is going to be exceptionally fast.

as a reference the weekly MACD of the FTSE is currently 263 now and was 371 before the crash
the JSE is currently at 3577 and at the time of the crash it was 3251.

I have not worked out what the effect of this is going to be but it looks to me like the JSE is overvalued by a substantial value point, the JSE has somehow been able to avoid the corrections that have happened in the developed countries, this may be because we have a smaller economy and have been able to counter one problem index with another to hold the market at an inflated value, over time I think this may backfire on us.

Some time ago there was a substantial outflow of money from the country, this at the time was attributed to a risk off attitude, I am begging to think that was not the case and was just the smart money making a quiet exit. There is no reason at the moment for our economy to be at the level it is at the moment, deficit sucks, labour relations are bad, we are not growing at all, and we export far less than we did 5 years ago. some of this could be attributed to the rand dollar thing but that does not account for an up curve like the one we are on at the moment.

At the lowest point after the last crash the top 40 was at 15852, we are now at 46259 more than double the value in a time that the country exports have been in a very steady decline, this is not sustainable.

if there is anyone in the group that has ideas of how this can possibly go on in the same up trend please add a comment.

G

When the markets correct they correct together. Thus I would rather use indicators for the FTSE and S&P500 than the ALSI. The ALSI will in all likelihood follow these markets than the other way around when it comes to a correction. As you pointed out the FTSE is not too toppish yet. It still has a long way to go till 2007 levels.

One of the probable reasons for the ALSI seeming so overbought is the weakened rand.

My prediction follows most major bankers predictions: when we have the correction it will be due an announcement by some or other organization, be it the fed or a government; it will likely happen in late 2014, probably last 3 months. Until then the bulls will run hard and fast, so don't go waving a red flag around unless you are 100% certain that you can kill the bull or it will kill you.