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ALSI Trades


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#28521 bear catcher

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Posted 29 October 2013 - 01:25 PM

Hi Argento as Roffey said within a year to 18 months
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#28522 Argento

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Posted 29 October 2013 - 01:22 PM

Karlwynv, just last week (think it was mid-week), the charts were over-bought on 1m, 5m, 15m and the 1h and it just kept on marching on.

 

Frustrating (challenging) at times to time a entry / exit if the market is on steam-train mode going up on virtual money (QEn).

This sideways dullness just correcting the overbought oscillators to go higher...typical bullmarket stuff!

 

But a good correction is not too far away....charts will show when...but not yet! :rolleyes:

 

A


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#28523 bear catcher

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Posted 29 October 2013 - 01:17 PM

Short 40580
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#28524 Redeemer

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Posted 29 October 2013 - 12:37 PM

Interesting point there K...but that also reflects poor risk management.

If one is aiming 100 pips, then it's not wise to use a 500pip SL....that's a 5:1 Risk:Reward ratio.

However, I agree with you, as this is what lots of traders do in practice and end up wondering how the stash gets wiped out in a moment!

 

A is right, of course! Take this scenario. You buy the dip every day for a week, and make 100 points per day. 500 points in the bag. Next trading day you buy the dip with 500 points S/L.... You get the idea...

 

POOF! Whole weeks hard earned points gone. 

 

The market is very overbought at the moment, almost all time frames. Careful about overextending on the long side!

 

K


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#28525 Lekkerry

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Posted 29 October 2013 - 12:06 PM

Karlwynv, just last week (think it was mid-week), the charts were over-bought on 1m, 5m, 15m and the 1h and it just kept on marching on.

 

Frustrating (challenging) at times to time a entry / exit if the market is on steam-train mode going up on virtual money (QEn).

 

A is right, of course! Take this scenario. You buy the dip every day for a week, and make 100 points per day. 500 points in the bag. Next trading day you buy the dip with 500 points S/L.... You get the idea...

 

POOF! Whole weeks hard earned points gone. 

 

The market is very overbought at the moment, almost all time frames. Careful about overextending on the long side!

 

K


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From your perspective, Lekkerry is faceless and to a degree nameless, so any opinions expressed are just that, opinions from someone on the Internet  :D


#28526 Redeemer

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Posted 29 October 2013 - 11:57 AM

Or just go away and chow the profits Bear... :)

 

Ok out long 200 points in the bag. Now maybe sell the rally time?


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#28527 bear catcher

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Posted 29 October 2013 - 11:26 AM

Ok out long 200 points in the bag. Now maybe sell the rally time?
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#28528 bear catcher

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Posted 29 October 2013 - 11:25 AM

Ok out long 200 points in the bag. Now maybe sell the rally time?
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#28529 K~~

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Posted 29 October 2013 - 10:43 AM

Making money with markets is never easy...still need to know your entry and exit points, only take one drop to continue to take away that easy money! B)

 

A

 

A is right, of course! Take this scenario. You buy the dip every day for a week, and make 100 points per day. 500 points in the bag. Next trading day you buy the dip with 500 points S/L.... You get the idea...

 

POOF! Whole weeks hard earned points gone. 

 

The market is very overbought at the moment, almost all time frames. Careful about overextending on the long side!

 

K


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#28530 Argento

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Posted 29 October 2013 - 10:36 AM

Sunesis bought the dip at 40380 looking very good will continue buying the dip. Why stop making easy money??

Making money with markets is never easy...still need to know your entry and exit points, only take one drop to continue to take away that easy money! B)

 

A


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#28531 Argento

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Posted 29 October 2013 - 10:27 AM

Hi A
Probably a typo but your count refers to J200 ( Top40 Spot) but your chart to the Top40 Dec Future?

Oeps! :wacko:

 

Futures indeed!

 

Thanks S

 

A


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#28532 bear catcher

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Posted 29 October 2013 - 10:18 AM

Sunesis bought the dip at 40380 looking very good will continue buying the dip. Why stop making easy money??
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#28533 Sunesis

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Posted 29 October 2013 - 09:53 AM

If you have made money in the past weeks by buying dips. It will be fair to say sitting on the sidelines now would not hurt your account.

One thing i learned is after a nice market run. Its best to take a week off trading.

 

I'm taking a break until next week.

 

See you next week :P

Enjoy


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No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.


#28534 Sam

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Posted 29 October 2013 - 09:46 AM

Busy with the return move of this bullish triangle, turnaround Tuesday should live up to it's name!
 
PF count for this pattern is 41166 (J200), then a good short back to 40300ish.
 
Should run up nicely into friday/Monday!
 
A

Hi A
Probably a typo but your count refers to J200 ( Top40 Spot) but your chart to the Top40 Dec Future?
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#28535 Sunesis

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Posted 29 October 2013 - 09:42 AM

Deutsche Bank releases some very poor results. Q3 profit down 94% due to increase in funds for litigation reserves.  Lets see how the Germans act. DAX

BP beats expectations and raises dividend to 9.5c (up 5.6%). Adjusted Profit $3.5bn vs Analysts exp of $3.36. Lets see how the English act. FTSE

 

Everyone is jumping into long positions now. Market does not like one sided boat. A one sided boats tips over at some point.

 

Pigs get fat, and hogs get slaughtered


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#28536 Plasma

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Posted 29 October 2013 - 09:28 AM

Scalped some 40 points from the dip this morning.....now waiting
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The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business.  :)


#28537 Argento

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Posted 29 October 2013 - 09:22 AM

Busy with the return move of this bullish triangle, turnaround Tuesday should live up to it's name!

 

PF count for this pattern is 41166 (J200), then a good short back to 40300ish.

 

Should run up nicely into friday/Monday!

 

A


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#28538 Sunesis

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Posted 29 October 2013 - 09:22 AM

Apple results strangely not well received.
Tencent down 3%.
Billies down 1%.
Think we're in for a negative morning.

We have a lot of red today. Best to sit on the sidelines for a few hours


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#28539 Aragorn

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Posted 29 October 2013 - 09:13 AM

Seems happy smiles was a bit too happy in the wee hours of the morning .....
 

Went long into SAB or CapeVin I suppose?


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#28540 Redeemer

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Posted 29 October 2013 - 09:11 AM

Lovely red candles here...the dips are back in town! :P


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