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Today's CFD Call


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#1821 loading.....

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Posted 07 November 2014 - 11:12 AM

BIL technically a good long at the moment...

- longer term trendline in place ( July 2009 )

- head & shoulder inverse

- double bottom October 13

- close to 75% retracement of previous wave

- rsi & macd-divergence to price

- rsi recently testing 30 point-level, moving up again

 

let's see..  :)

good call. it broke out of the descending channel. hopefully it can continue. i will join you when it breaks 303 :) . i hate resources so i have to be sure :rolleyes:


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#1822 davidp13

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Posted 07 November 2014 - 10:54 AM

nice seeing this thread(CFD) being supported...remember, all traders make bad calls now and then so dont let that dissuade you from expressing your views here.

 

thanks to all who participate..good/bad calls i appreciate your time/effort.

D here is a question then.

My view on CFR more downside and I see buying ops around R85. Any views?


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I find trading like body surfing, catch the right one and you will make it all the way to the beach.


#1823 delta66

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Posted 07 November 2014 - 10:50 AM

nice seeing this thread(CFD) being supported...remember, all traders make bad calls now and then so dont let that dissuade you from expressing your views here.

 

thanks to all who participate..good/bad calls i appreciate your time/effort.


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“melior diabolus quem scies”


#1824 Bcallison

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Posted 07 November 2014 - 10:40 AM

In terms of technicals mtn appears as a buy but factoring the oil price and MTNs operation in Nigeria which economy operates on oil could affect there GDP of the country and result in a negative impact on mtn just a thought guys


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#1825 duster.382

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Posted 06 November 2014 - 09:44 PM

BIL technically a good long at the moment...

- longer term trendline in place ( July 2009 )

- head & shoulder inverse

- double bottom October 13

- close to 75% retracement of previous wave

- rsi & macd-divergence to price

- rsi recently testing 30 point-level, moving up again

 

let's see..  :)

 


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#1826 zombii

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Posted 06 November 2014 - 07:09 PM

long MTN 22701 shortly before close.  as usual, staggered approach allowing for addition should it pull back further.  apart from director options have no idea why such a violent sudden drop-hence the spec punt...price sell down could be on sentiment but will find out either way soon

 

Maybe the falling Naira had something to do with it too.


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#1827 delta66

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Posted 06 November 2014 - 05:48 PM

long MTN 22701 shortly before close.  as usual, staggered approach allowing for addition should it pull back further.  apart from director options have no idea why such a violent sudden drop-hence the spec punt...price sell down could be on sentiment but will find out either way soon


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“melior diabolus quem scies”


#1828 stoffels

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Posted 06 November 2014 - 02:12 PM

absolutely detest losing any trade...have that feeling now with sgl

been trading some time and quite honestly should of known better, domestic volatility in gold mining is one thing but going against global sentiment is another. the more i look at this trade in hindsight the more pissed i feel about it.

If Draghi disappoints, we could get some short term EUR strength/ USD weakness which should lead to a short term gold bounce which could provide a good exit opp.


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#1829 delta66

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Posted 06 November 2014 - 12:14 PM

absolutely detest losing any trade...have that feeling now with sgl

been trading some time and quite honestly should of known better, domestic volatility in gold mining is one thing but going against global sentiment is another. the more i look at this trade in hindsight the more pissed i feel about it.


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“melior diabolus quem scies”


#1830 delta66

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Posted 06 November 2014 - 11:13 AM

Hey Delta,

 

have to topped up SGL at these levels?

its tempting but have order @18.10..the last of my staggered purchases(current ave price 2010) thereafter i'll cut should we see a fall through of 17.60


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“melior diabolus quem scies”


#1831 strydomk

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Posted 06 November 2014 - 09:10 AM

Is tiger brands some sort of sick joke?
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#1832 loading.....

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Posted 06 November 2014 - 08:56 AM

End of dollar QE = Potential rise in US interest rates = Dollar strength = Dollar price of Gold Weakness.

 

Only thing that will mitigate now is implied Rand Weakness. 

thanks man. I still have a lot to learn


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#1833 ThatBlackGuy

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Posted 06 November 2014 - 08:48 AM

why is gold shares down again today?. i never trusted the resource sector thats why i still clear

 

End of dollar QE = Potential rise in US interest rates = Dollar strength = Dollar price of Gold Weakness.

 

Only thing that will mitigate now is implied Rand Weakness. 


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Yes, I will take your money!  :ph34r:


#1834 Rookie16

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Posted 06 November 2014 - 07:27 AM

Will the All Share join in on the US and EU greens from yesterday or will it continue to follow the reds in the east when we open? Views?
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#1835 crowe

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Posted 06 November 2014 - 07:22 AM

Hey Delta,

 

have to topped up SGL at these levels?


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#1836 soutie

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Posted 05 November 2014 - 10:48 AM

Kio holding up well given poor trading update.

Still short & will add above R288


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Anyone need a heads up...!


#1837 davidp13

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Posted 05 November 2014 - 10:28 AM

some perspective...

update on my SOL call...hehehe

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I find trading like body surfing, catch the right one and you will make it all the way to the beach.


#1838 Gspot

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Posted 05 November 2014 - 09:45 AM

digi_...looking @TKG coming off 60+ level/order for channel bottom @5051 but considering entry(one third allocation)from 5510+- and addition @5051 should we see it.

-order on BHP 28051(need i say it - yep..one third pos size on entry :lol: )

 

I have been tracking BIL for a while, and I like that 1/3 entry at your price!  Wish I had the conviction to have followed at that price (when everything was dropping)....oh well, missed that opportunity!

I will probably buy in sometime this week (just awaiting the US data out today, and will add more based on ECB comments tomorrow)....


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#1839 delta66

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Posted 05 November 2014 - 09:17 AM

digi_...looking @TKG coming off 60+ level/order for channel bottom @5051 but considering entry(one third allocation)from 5510+- and addition @5051 should we see it.

-order on BHP 28051(need i say it - yep..one third pos size on entry :lol: )

 

 

 


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“melior diabolus quem scies”


#1840 digi_dav

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Posted 04 November 2014 - 06:20 PM

Got into Harmony today - going in on the possibility that we could have made an intermediate bottom...lets see what happens tomorrow as results come out - it could be a massive 2 months / 75% gain.... 0.o


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