| Re: ALSI Trades [message #96798] |
Thu, 21 June 2012 22:14   |
CFD Trader
Messages: 1361
Registered: January 2010
Location: Pretoria,ZA |
Senior Member |
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Guys guys, look at Macro-Economic Data worldwide
US kak, China Kak and etc..
STAY SHORT ALSI, Commodities and Banks - WACK THE KLAP HAS STARTED - BEEG 1 !!
London close: Gloomy US data dents stocks further
21-06-2012 16:24
- Philly Fed manufacturing and other US data disappoints
- No QE3 boost from the Fed
- Chinese and Eurozone PMI's paint gloomy picture - resources Long's RUN
The Footsie closed near its lowest levels of the day on Thursday afternoon after a raft of economic indicators from the US disappointed, just one day after the Federal Reserve made a downward revision to growth forecasts.
There was a sharp drop seen in the Philadelphia Federal Reserve Bank's regional manufacturing sector survey with weakness evident in all of the forward-looking indicators. Meanwhile, jobless claims fell by a less-than-expected 2,000 last week, while existing home sales decreased by 1.5% in May.
Acting as a backdrop, the keenly-awaited Policy decision in the US last night failed to boost markets after the Federal Reserve also downgraded its growth forecasts for the world's largest economy. While the Federal Open Market Committee decided to extend its 'Operation Twist' programme, which involves the sale of short-term Debt in exchange for long-term securities with the intention of flattening the interest rate curve, it refrained from announcing any further quantitative easing measures (QE3).
The central bank said it expects US GDP to grow by 1.9-2.4% in 2012, down from earlier predictions of a 2.4-2.9% expansion.
The Chinese manufacturing sector purchasing managers' index (PMI) for the month of June compiled by Markit fell from 48.4 to 48.1 in June, a seven-month low. Many observers, however, believe that the Asian powerhouse will bottom-out in the current quarter. Furthermore, Markit's composite PMI for the Eurozone was 46.0 in June, unchanged from May's 35-month low.
Meanwhile, Spain managed to sell €2.22bn in debt, topping its €2bn top-end target. However, borrowing costs surged again compared with the previous auction. It was revealed today that the recapitalisation of the Spanish banking sector will cost up to €62bn, according to two independent auditors.
[Updated on: Thu, 21 June 2012 22:17]
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| Re: ALSI Trades [message #96802] |
Thu, 21 June 2012 23:02 |
CFD Trader
Messages: 1361
Registered: January 2010
Location: Pretoria,ZA |
Senior Member |
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Bugger the stops Soutie, Mhlato and ChristoD no - need on shorts
enjoy the ride down on tha wave - it's free money
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| Re: ALSI Trades [message #96803] |
Thu, 21 June 2012 23:15 |
Mhlato
Messages: 276
Registered: July 2008 |
Senior Member |
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| CFD Trader wrote on Thu, 21 June 2012 23:02 | Bugger the stops Soutie, Mhlato and ChristoD no - need on shorts
enjoy the ride down on tha wave - it's free money
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Nope, i have 2 deals, one @ 30520 and 30720 with TOPDWS and will
sell if we reach 30,000. June 11 still fresh in my mind  And it's weekend...taking no chances here.
If you want excitement,deliberately forget your anniversary.
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| Re: ALSI Trades [message #96864] |
Fri, 22 June 2012 12:44 |
Mhlato
Messages: 276
Registered: July 2008 |
Senior Member |
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| Mhlato wrote on Thu, 21 June 2012 23:15 | | CFD Trader wrote on Thu, 21 June 2012 23:02 | Bugger the stops Soutie, Mhlato and ChristoD no - need on shorts
enjoy the ride down on tha wave - it's free money
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Nope, i have 2 deals, one @ 30520 and 30720 with TOPDWS and will
sell if we reach 30,000. June 11 still fresh in my mind And it's weekend...taking no chances here.
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Call me a chicken, but i am out both trades @ 30175
Attachment: Chicken.jpg
(Size: 45.12KB, Downloaded 856 time(s))
If you want excitement,deliberately forget your anniversary.
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| Re: ALSI Trades [message #96867] |
Fri, 22 June 2012 13:31 |
christodeb 
Messages: 93
Registered: April 2012 |
Member |
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| Mhlato wrote on Fri, 22 June 2012 12:44 | | Mhlato wrote on Thu, 21 June 2012 23:15 | | CFD Trader wrote on Thu, 21 June 2012 23:02 | Bugger the stops Soutie, Mhlato and ChristoD no - need on shorts
enjoy the ride down on tha wave - it's free money
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Nope, i have 2 deals, one @ 30520 and 30720 with TOPDWS and will
sell if we reach 30,000. June 11 still fresh in my mind And it's weekend...taking no chances here.
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Call me a chicken, but i am out both trades @ 30175
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I'm going to tie my hands to the table not to close this trade until the 29000 level or lower!
[Updated on: Fri, 22 June 2012 13:32]
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| Re: ALSI Trades [message #96871] |
Fri, 22 June 2012 13:54 |
Argento
Messages: 564
Registered: February 2010 |
Senior Member |
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Last one...for the longer term.
If you look closely it has just only given a short signal for what is to come..!
A
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| Re: ALSI Trades [message #96959] |
Tue, 26 June 2012 15:36 |
Randall Stevens
Messages: 1134
Registered: October 2009
Location: Johannesburg |
Senior Member |
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Well I'm long the ALSI a bit lower than where it is trading now. I know where my stop loss is. Downward momentum has slowed on my medium term charts and is upward on my intraday charts.
RS
[Updated on: Tue, 26 June 2012 15:47]
Once we realize that imperfect understanding is the human condition there is no shame in being wrong, only in failing to correct our mistakes. - George Soros
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| Re: ALSI Trades [message #96964] |
Tue, 26 June 2012 16:29 |
Randall Stevens
Messages: 1134
Registered: October 2009
Location: Johannesburg |
Senior Member |
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We might have to ride out a bit of choppy trade ...
RS
Once we realize that imperfect understanding is the human condition there is no shame in being wrong, only in failing to correct our mistakes. - George Soros
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| Re: ALSI Trades [message #96988] |
Wed, 27 June 2012 11:49 |
Randall Stevens
Messages: 1134
Registered: October 2009
Location: Johannesburg |
Senior Member |
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| Randall Stevens wrote on Tue, 26 June 2012 15:36 | Well I'm long the ALSI a bit lower than where it is trading now. I know where my stop loss is. Downward momentum has slowed on my medium term charts and is upward on my intraday charts.
RS
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Stopped out at 29,625
With hindsight, yesterday's choppy trade wasn't some form of a base forming. Momentum, short & medium term, still favouring the bears.
RS
Once we realize that imperfect understanding is the human condition there is no shame in being wrong, only in failing to correct our mistakes. - George Soros
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| Re: ALSI Trades [message #97056] |
Thu, 28 June 2012 15:09 |
Randall Stevens
Messages: 1134
Registered: October 2009
Location: Johannesburg |
Senior Member |
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Near dated Alsi futures may close below their 200 day MA for the first time this year.
There have been a couple of days where we've traded below the 200 day MA intraday, but closed above it. Today we may close below the 200 day MA.
RS
Once we realize that imperfect understanding is the human condition there is no shame in being wrong, only in failing to correct our mistakes. - George Soros
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| Re: ALSI Trades [message #97099] |
Fri, 29 June 2012 10:07 |
Randall Stevens
Messages: 1134
Registered: October 2009
Location: Johannesburg |
Senior Member |
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The near dated ALSI future closed below the 200 day MA (magenta line) for the 1st time this year on Thursday. Six down days in a row, with the last day looking like the bulls capitulated to some extent.
Odds are we'll have an inside day today with things only getting clearer on Monday.
RS
Once we realize that imperfect understanding is the human condition there is no shame in being wrong, only in failing to correct our mistakes. - George Soros
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