35854 replies to this topic

[Polly]

Info has it that a big hedge fund manager wanted to short 500 contracts at around 44350 before 9am this morning.

 

On placing the order he hit buy instead of sell.

 

The rest is history.....and maybe his job tooo!!

 

 

Ps don't blame IG for the spike. This was done through Safex and IG follows through.....

[Roundtree]

Morning Roundtree, how does one know when professionals are buying ? on IG I cannot see volume on T40 - do you see that on SwordFish? or just the change in direction at that level  -Thanks

Hi O,

 

One never knows, does one? I use my own system that tells me when to expect some buying/selling pressure. And it's not accurate either.

 

Happy trading.

[BlythZ]

The trap is set, brothers! Some traders rushed in to place shorts before the close and now they are wondering where the US is headed. Up, that's where! 16616. And the FTSE is looking for 6850. That gives the professionals justification for gapping up tomorrow morning and placing THEIR shorts at 44440, triggering stops and all that! Some will call it an exhaustion gap, but I call it "A super cool move!". They know that almost everyone is short, now it's time to s- q- u- e- e- z- e the basards. Unfortunately, indicators won't tell you that. This game is rigged to the core! Ukraine, Yellen, job numbers - it's all smoke and mirrors. So tomorrow, I'm placing my sell order at 44420 and my buy order at 43740. So long, brothers.

Hi R, What is your view for today? I closed some of my longs from yesterday for a profit. With a stronger Rand and Naspers down 1% i am not sure if i should be long

[delta66]

hi there BBW..prefer the "cash" as i'm a day trader.  mini contracts(ZAR10) on flat days and micros(ZAR2) during high volatility sessions

[BBW]

Hi guys (Delta), may I ask why you trade SA40cash instead of SA40futures? 

[delta66]

best of luck to you on trades as well BC

[bear catcher]

had a limit order set at 44000

 

quite frankly i find your post quite insulting...all my trades are posted before entering or damn close

No insult intended, it just seemed allmost impossible but you were clever enough to have the order waiting,with the way the market were moving i did not see a order waiting.But great trading and my appoligies. Good luck with your long!!

[delta66]

out and long 43730

[delta66]

had a limit order set at 44000

 

quite frankly i find your post quite insulting...all my trades are posted before entering or damn close

[bear catcher]

beautiful ..out 44000

 

200points and short 44000

Either you bluffing or you have the fastest fingers on the net, that happened in split seconds

[bear catcher]

WTF IG jumped to 44010 then down thhen up again to 43980 now down again.Think market makers just had to do it to shake a couple of stop loss short because they knoew we are goiing down I hope??!!

[delta66]

beautiful ..out 44000

 

200points and short 44000

[OceanWalz]

If we don't reach 44440 this afternoon tomorrow may be a very painful day for those who are long; we may gap down to 43868 and slide down!  

 

The question I'm asking myself is why aren't the professionals buying 44105? Are they eyeing 43730? I think so.

 

Be careful out there fellas.                                                  

Morning Roundtree, how does one know when professionals are buying ? on IG I cannot see volume on T40 - do you see that on SwordFish? or just the change in direction at that level  -Thanks

[delta66]

out 43950 and starting to build a short pos @43950  overall miserable trading action for me today but some is better than none

 

thanks for your view once again A and enjoy CT!

last night stopped out 43800 and long again 43807

[AJS]

So long, brothers.

 

Pun intended?

[Ninja]

Looks like the other party is about to start..... Let's celebrate elections by painting da town RED tomorrow!!!!

[RusQ]

Up much?

 

Have to love (and respect) the divergence of opinion around here - it's what markets are made of after all.

 

For the record: Still net long overall, but short on trading positions.

 

We shell sea

[Roundtree]

The trap is set, brothers!

 

Some traders rushed in to place shorts before the close and now they are wondering where the US is headed. Up, that's where! 16616. And the FTSE is looking for 6850. That gives the professionals justification for gapping up tomorrow morning and placing THEIR shorts at 44440, triggering stops and all that! Some will call it an exhaustion gap, but I call it "A super cool move!". They know that almost everyone is short, now it's time to s- q- u- e- e- z- e  the basards. 

 

Unfortunately, indicators won't tell you that. This game is rigged to the core! Ukraine, Yellen, job numbers - it's all smoke and mirrors.  

 

So tomorrow, I'm placing my sell order at 44420 and my buy order at 43740. 

 

So long, brothers.

[Argento]

Even with all the negative divergences out there I still get the feeling that there has to be a last shake-out of some bears. 

 

That 44800 target might yet be reached with a break above 44440...

 

Let's see...

 

Prosperous trading.

 

K

A tip....

 

If you study the charts carefully you will see we are more or less at the same type of top made back on 08 Feb 2013..thus we should continue sideways down from here while the US can crawl up for new highs...!

 

There should then be a first warning shot down as mentioned in next week where we both fall together and then stage an oversold bounce (900+)..BUT from there we should diverge from the US on them making new highs and us making new lows, so Caldaro is right by saying US still got 2 uptrends left before primary wave III tops out!

 

Commodity cycles differ from equities therefore you sometimes see indexes do not align at all...that is why if you trade the TOP40 trade her chart!

 

A

Edited by Argento, 08 May 2014 - 06:12 PM.

[K~~]

Even with all the negative divergences out there I still get the feeling that there has to be a last shake-out of some bears. 

 

That 44800 target might yet be reached with a break above 44440...

 

Let's see...

 

Prosperous trading.

 

K