35854 replies to this topic

[TradeBit]

I made a replica of Top 40 in Excel and the Alshare, I do not get the same figures as are promoted on the screens of the trading platforms and JSE.

I safe my JSE market data before the market closes every day, and get different figures than what shows up on my download of EOD data.

Am I the only one that experience this?

[Plasma]

Did not happen - why do I post this - to let newbies consider the fact that predictions may not realise and that trades should thus not be taken on such viewpoints ... no malice intended HDB

PLasma one more thing...If the prediction did materialize, what should the newbies have done??
Bet it would be more like sit and cry over the weekend!!
One swallow does not make a summer!!
Each one for his own i suppose...

Your correct summation should have been :

Check the hit list of a member when he makes/ takes a view!!
If he gets it right 6 out 10, his views can be trusted to make you money, but still do your own homework!!

Don't you think this would have been a better statement to make?

Remember it takes guts and courage to take a view here, unlike most who sit on the sideline and thenquickly come out to criticize once the view is wrong .
Therefore i say rather check the history of the person making a view to see if he can be trusted to make you money!!
I have certain members in this forum whose views i trust, even if they get it wrong once in a while! As long as their previous views have made me money, im prepared to use their views in determining the kind of trade i am making!!

All fine HDB Take your point about guts etc....this is a probability game....suppose if your statement was more qualified at that point, then no problem. Not criticizing unnecessary. Hope you will have a good week!

[HDB]

and Plasma when you have the worst GDP quarter growth in 5 years ( Us GDP came out on Thursday)and yet its market continues to make new highs....its certain that their market will have to correct very soon! So my view was not based on thumb-suck, but on a fundamental fact!! Lets see if they react to it this week!!

[HDB]

Did not happen - why do I post this - to let newbies consider the fact that predictions may not realise and that trades should thus not be taken on such viewpoints ... no malice intended HDB 

 

PLasma one more thing...If the prediction did materialize, what should the newbies have done?? 

Bet it would be more like sit and cry over the weekend!!

One swallow does not make a summer!!

Each one for his own i suppose...

 

Your correct summation should have been :

 

Check the hit list of a member when he makes/ takes  a view!!

If he gets it right 6 out 10, his views can be trusted to make you money, but still do your own homework!!

 

Don't  you think this would have been  a better statement to make?

 

Remember it takes guts and courage to take a view here, unlike most who sit on the sideline and thenquickly come out to criticize once the view is wrong . 

Therefore i say rather check the history of the person making a view to see if he  can be trusted to make you money!!

I have certain members in this forum whose views i trust, even if they get it wrong once in a while! As long as their previous views have made me money, im prepared to use their views in determining the kind of trade i am making!!

[Vertebrae]

Next week is choppy. This is presently a wave (iv) which is either sharp or complex.

This one is complex, but with a imited downside risk.

I am confident with my (long) holdings and generous stops.

So time to go for a remote lotek hike for a week or so.

 

In meantime any who may want can have my thoughts - right here...

 

1. Have confidence in the trend, the chart pattern, and what you expect next.
2. If #1. is not happening for you, wait until it does (study basic Elliott wave theory & practice).
3.  Use Fibonacci in combination with wave theory.
4. Go to  traders-software.com/Free%20Download/  and download: Elliott Wave Principle by Frost & Prechter; Elliott Wave Principle for Forex by Robert Balan. Start reading, read again and again.
5. Keep predicting even when not trading. Learn from each and every prediction mistake.
6. Know the risk & reward and be guided by it.
7. Employ a clear buy and sell strategy that suits you. Do not over-commit.
8. Hold those maturing, with-the-trend trades using increasing trailing stops (staying in-the-money, but only once well-established there) until target zone reached. Big winners need room to breathe.
9. Control those counter-trend trades with tighter stops.
10. Check Caldaro’s index charts via caldaro.wordpress.com for index wave count comparisons.
11. Never blindly believe or copy anyone, not ever – not even semi-blindly.
12. Avoid short-term, hit-and-run trades (Feeding a broker is same as feeding horses).
13. Say out loud: Predictions that lack reliable analysis-supported reasoning are pure guesswork.
14. Ignore all predictions except your own that you have sufficient confidence in.
15. Stop looking for distractions, trading is work – regard it as such.
16. Avoid over-confidence and jumping the gun. Blind faith is not faith – it is lazy needy greedy.
17. Have confidence in the trend, the chart pattern, and what you expect next.
18. If #17. is not happening for you, wait until it does. Refer to 4. & 15.

Feel free to repost - there is no copyright on my thoughts.

[HDB]

Could very well be the case...but our market was unfairly hit in the auction on Friday...so I would expect some of the large cap stocks to bounce at the open thereby taking our market higher.

Yep agree with you...So was the FTSE 5 min before their close!!

 

But past history always tells us that when we all feel bullish before opening, MMs take it the other way!!

Edited by HDB, 01 June 2014 - 08:48 PM.

[Zero Hedge]

exactly like the preliminary...So market was expecting it,,,and in market terms, priced in!!

Could very well be the case...but our market was unfairly hit in the auction on Friday...so I would expect some of the large cap stocks to bounce at the open thereby taking our market higher.

[HDB]

still the 50.8 reading came in stronger than expected and is at a 5 month high...

exactly like the preliminary...So market was expecting it,,,and in market terms, priced in!!

[Zero Hedge]

That was old news..China preliminary PMI can out seven days ago so this was expected!!!

still the 50.8 reading came in stronger than expected and is at a 5 month high...

[HDB]

Did not happen - why do I post this - to let newbies consider the fact that predictions may not realise and that trades should thus not be taken on such viewpoints ... no malice intended HDB

Plasma yeah maybe i was wrong.. Maybe , just maybe 24 hrs was too conservative..When least expected, the Yanks will will think again, and down it will go!! 

[HDB]

My view, tomorrow will be very green.
China PMI up.
If u can believe China data.....

That was old news..China preliminary PMI can out seven days ago so this was expected!!!

[Zero Hedge]

My view, tomorrow will be very green.
China PMI up.
If u can believe China data.....

You are probably correct...the Chinese data plus fact that our market got hit in auction on Friday should result in us opening in the green come Monday.

[M I D A S]

Two day Hong Kong holiday from tomorrow leaves us with a gap between Japan and London

[Beorn]

My view, tomorrow will be very green.
China PMI up.
If u can believe China data.....

[Plasma]

Americans are real slow thinkers...It takes at least 24 hours for any market news to shake them up!!  Proven fact!!

 

Did not happen - why do I post this - to let newbies consider the fact that predictions may not realise and that trades should thus not be taken on such viewpoints ... no malice intended HDB

[Plasma]

Great setup + Bad context = bad trade. Mediocre setup + appropriate context = good trade.

[Vertebrae]

Yip...investors in global cyclicals are rushing for the exit as bond yields globally are moving sharply lower i.e investors rush to safety as there is concerns around global growth prospects. I have said before and will say it again...watch US 10 year very closely if you want to know which way AGL, BIL, KIO and other mining stocks are heading. These stocks can't go up whilst global bonds are rallying!!

 

Now that is what I call topical. But do you see what I see?...

 

[Zero Hedge]

This was a pre planned assault...Most of the Local SA stocks...

SA got re-weighted downwards in the MSCI EM rebalance...so most of our large cap stocks saw outflows which were executed in closing auction on Friday...SOL, APN,TRU to name but a few all got hit on massive volume and should rebound on Monday

[Zero Hedge]

check out BIL in LOndon and USA...down nearly3.5%!!  THis is some serious selling...

Yip...investors in global cyclicals are rushing for the exit as bond yields globally are moving sharply lower i.e investors rush to safety as there is concerns around global growth prospects. I have said before and will say it again...watch US 10 year very closely if you want to know which way AGL, BIL, KIO and other mining stocks are heading. These stocks can't go up whilst global bonds are rallying!!

[Plasma]

Decided to leave long open till Monday. Dow also ended in the green ......