3674 replies to this topic

[davidp13]

jhwolmarans, on 19 Jun 2014 - 07:24 AM, said:

Hi David. I sold half for 50p will sell other at R1 or break of 34ema.

i suspect today is going to be a dull day...never short a dull day i think we let this one run and collect some cash for the weekend...hehehe

[jhwolmarans]

davidp13, on 19 Jun 2014 - 07:19 AM, said:

im long on the third  jump from 34...so how long do we keep this one i wonder...

Hi David. I sold half for 50p will sell other at R1 or break of 34ema.

[HDB]

ftse looking very strong...Juts watch the pound..if that plays balls, blue skys ahead!!

[jhwolmarans]

HDB, on 19 Jun 2014 - 07:06 AM, said:

34ema providing good support

Yes HDB went long on 34ema support @9:00 candle.

[davidp13]

HDB, on 19 Jun 2014 - 07:06 AM, said:

34ema providing good support

im long on the third  jump from 34...so how long do we keep this one i wonder...

[mx125]

Thanks HDB

 

Made 40 points. Will eat the elephant bit by bit.

[HDB]

latest

 

 

======== 45940  =======

[HDB]

34ema providing good support

[Qbre77]

looks like she is gonna close the gap

[HDB]

everything looks bullish but....

 

only China is down 1.76%

and so is ten cent!!

 

So thread with caution!!

[Qbre77]

closed my longs from yesterday for no loss, so I am happy!

[HDB]

seems like my yesterdays target was 24 hours too early!!!

[HDB]

BlythZ, on 18 Jun 2014 - 7:27 PM, said:

Hi HDB,

 

Thank you for sharing this system with us, I tried it out with the DOW Jones Industrial Average and made some profit. I was using Bollinger Bands before but when there was a change of trend it was more like I was catching a falling knife, the 204 SMA is quite useful in showing me whether I should be long or short and I trust the 34 EMA for the entry point.

 

Will be in class early tomorrow morning when markets open, I kept my long and checked prices on IG, at least I can have a good night sleep.

 

Welcome to the club Blyth...May you make many more wins!!!

[BlythZ]

Hi HDB,

 

Thank you for sharing this system with us, I tried it out with the DOW Jones Industrial Average and made some profit. I was using Bollinger Bands before but when there was a change of trend it was more like I was catching a falling knife, the 204 SMA is quite useful in showing me whether I should be long or short and I trust the 34 EMA for the entry point.

 

Will be in class early tomorrow morning when markets open, I kept my long and checked prices on IG, at least I can have a good night sleep.

[oroman]

HDB, on 18 Jun 2014 - 3:25 PM, said:

Its which way u looking at it from...

 

Pound against rand or

Rand against pound...

 

 

Here in SA we always look at it as rand against pound...

 

 

So if rand goes towards R19.00 we say its weakening against pound

If rand goes towards R18.00 we say its strenghtening against pound!!

thanx got it we are same plane, 

[AJS]

oroman, on 18 Jun 2014 - 3:17 PM, said:

HDB isn't it a weaker pound goes toward R18.00 and a stronger Pound move towards R19.00. The rest is true on the effect on T40... Correct me if am wrong bro

 

Suppose GBP/ZAR is R18.

 

1 GBP buys you 18 Rands.  1 Rand buys you 0.0555 GBP.  

 

Suppose GBP/ZAR is R19, then

 

1 GBP buys you 19 Rands and 1 Rand buys you only 0.053 GBP.

 

So the Rand is weaker and the GBP is stronger.

Edited by AJS, 18 June 2014 - 05:27 PM.

[HDB]

oroman, on 18 Jun 2014 - 3:17 PM, said:

HDB isn't it a weaker pound goes toward R18.00 and a stronger Pound move towards R19.00. The rest is true on the effect on T40... Correct me if am wrong bro

Its which way u looking at it from...

 

Pound against rand or

Rand against pound...

 

 

Here in SA we always look at it as rand against pound...

 

 

So if rand goes towards R19.00 we say its weakening against pound

If rand goes towards R18.00 we say its strenghtening against pound!!

[oroman]

HDB, on 18 Jun 2014 - 1:44 PM, said:

Nopes,,,,complete opposite of what you saying!!

 

Weaker pounds/ rand mean it goes towards R19.00...Stronger pound/ rand   means it goes towards R18.00

HDB isn't it a weaker pound goes toward R18.00 and a stronger Pound move towards R19.00. The rest is true on the effect on T40... Correct me if am wrong bro

[Syris]

HDB, on 18 Jun 2014 - 1:44 PM, said:

Nopes,,,,complete opposite of what you saying!!
 
Weaker pounds/ rand mean it goes towards R19.00...Stronger pound/ rand   means it goes towards R18.00

Wow! I had it wrong all along! No wonder I took a hiding on some positions!

Thanks for clearing that up HDB! Much appreciated!

[HDB]

Syris, on 18 Jun 2014 - 1:39 PM, said:

The 264p were supposed to be to the upside as per the rules right?
A weakening Pound means a Top 40 Bull right?

Nopes,,,,complete opposite of what you saying!!

 

Weaker pounds/ rand mean it goes towards R19.00...Stronger pound/ rand   means it goes towards R18.00