7058 replies to this topic

[Ratel]

Hey Ratel

 

I don't use intraday charts, although my charts update every 15mins, they are on a daily interval.

 

I can only recommend shorting the shares below for the next few days.

 

1) TON - Short

2) GFI - Short

3) SOL - Short

4) REM - Short

5) SHP - Short

 

SOL is dropping nicely! Good call Pilotpilot.

[crowe]

long TRU at 8740, still holding APN.

after my failed stop for APN, I am still holding my short.

[ianamst]

long TRU at 8740, still holding APN.

[soutie]

I need a drink

My portfolio is looking sick today!

I've been hammered since Tuesday literally & figuratively WTF.......

[Bits]

I've been drinking..

I get sick looking at my portfolio today! 

[Queen B]

I need a drink

My portfolio is looking sick today!

[Mr_SA]

Not really

 

I have 10 indicators to trigger a bull or a bear trend. 9/10 times its spot on, except for false breaks. I have attached the TON chart. It is the same as the APN scenario. It hardly has any support now.

First support is @ R109-00, and it could go even lower.

 

The others have all had the same triggers although WHL triggers was weak.

 

What platform do you use for your charts?

I am really confused on how you got the bear line.. But that is something i will somehow have to teach myself and figure out i guess.

[SyndriN]

Intraday SGL showing resistance at 23,30 3 hits and bounce down so far, support gradually increasing, anyone else getting this ?

[Pilotpilot]

Pilotpilot...

Do you not think those shares you mentioned have reached their peak short after today so far... Well, most of them.

 

PS: Check you PM inbox

Not really

 

I have 10 indicators to trigger a bull or a bear trend. 9/10 times its spot on, except for false breaks. I have attached the TON chart. It is the same as the APN scenario. It hardly has any support now.

First support is @ R109-00, and it could go even lower.

 

The others have all had the same triggers although WHL triggers was weak.

Attached Files

•  TON Break.docx   261.93KB   22 downloads

[AJS]

SAP on lateral (and maybe trendline) support within the R46.50 - R51.50 range... Held on 3 previous occasions..

 

 SAP_daily.PNG   161.4KB   11 downloads

[SyndriN]

Seeing green on SGL for the first time in 3 days , must be christmas 

[Pilotpilot]

Any current views on shares to trade intraday? I have traded KIO, GFI and SGL intraday during the last week. 

 

KIO triggered the downward trend @ R172-00. If it closes below that tonight, there will be more downside.

Not sure about SGL, it could go up ( or down) at any time.

[Mr_SA]

Hey Ratel

 

I don't use intraday charts, although my charts update every 15mins, they are on a daily interval.

 

I can only recommend shorting the shares below for the next few days.

 

1) TON - Short

2) GFI - Short

3) SOL - Short

4) REM - Short

5) SHP - Short

 

Pilotpilot...

Do you not think those shares you mentioned have reached their peak short after today so far... Well, most of them.

 

PS: Check you PM inbox

[Pilotpilot]

Any current views on shares to trade intraday? I have traded KIO, GFI and SGL intraday during the last week. 

Hey Ratel

 

I don't use intraday charts, although my charts update every 15mins, they are on a daily interval.

 

I can only recommend shorting the shares below for the next few days.

 

1) TON - Short

2) GFI - Short

3) SOL - Short

4) REM - Short

5) SHP - Short

[walter10]

Today is MPC day. Will confirm at close but oversold, nice volume last 2 day. 245 Support holding so far. Other retailers also looking better. 

[Ratel]

Any current views on shares to trade intraday? I have traded KIO, GFI and SGL intraday during the last week. 

[Pilotpilot]

Ok, GFI and ANG broke trend today and GFI turned bearish with this down move today. I just closed positions. Made some on ANG, but lost more on GFI for a small loss.

 

I have several shares I'm entering short positions on, with closing tonight, and they are in order of preference, with % of total short position.

 

1) TON - Short 20%

2) REM - Short 15%

3) GFI - Short 15%

4) SHP - Short 10%

5) WHL - Short 10%

 

These should be good to hold for at least 3 days. All turning bearish and entering downtrend. All should give a good start tomorrow morning.

 

Lets make some moola back, and join the Bears!

 

I have added another short this morning SOL @ R483-99. It is trading below R481-30 currently, which is the bearish trigger closing price for today. I have don't the trade prematurely, but with the results it looks like an obvious pick. 

I'm going to hold this short for at least 4 trading days. 

Edited by Pilotpilot, 07 May 2015 - 11:04 AM.

[Pilotpilot]

TKG has also been slapped around some what, views on where this guy is headed - possibly 7100 levels??

 

I am not too fond of defensive stocks at the moment (going long, that is). They are all showing long term divergence, and I think this will take longer to play out. (Maybe 3-4 months)

 

TKG is still in a downtrend and I expect some more downside even below R71-00. I feel the same about LBH, but do see that it could bounce from the support line, but I don't have the b*lls for that trade.

 

Just my view.

[Ratel]

It is testing 200d wma (R245-90 today). It still hasn't broke the downtrend. I'm not buying yet (first need to break downtrend) and turn then bullish.

 

It is showing divergence and might be one of the first shares to start recovering, but the short-term trend is still down.

 

Thank you Pilotpilot. It seems then I bought too early @ 255. I am happy to stick it out at these levels (245) and maybe add when MPC turns bullish 

[Pilotpilot]

Any view on where MPC is going?

 

It is testing 200d wma (R245-90 today). It still hasn't broke the downtrend. I'm not buying yet (first need to break downtrend) and turn then bullish.

 

It is showing divergence and might be one of the first shares to start recovering, but the short-term trend is still down.