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ALSI 40 Index - Trading the South African All Share Index

  • #281
  • Mar 9, 2015 4:17am Mar 9, 2015 4:17am
Quoting HedgePiglet
{quote} {image}
We miss 100% of the shots we don't take
  • #282
  • Mar 9, 2015 4:25am Mar 9, 2015 4:25am
Quoting PiptheRipper
{quote} If you don't mind sharing, how do you take profits if price don't reach a level that you were targeting? I feel this is an area I'm struggling with. It creates doubt in my mind.
This is my hardest element personally. I work in segments of 80 pips at a time on the ALSI. If it hits 80, I aim at the next 80, or 160 and so on. Like this morning, we have a bit of a nosebleed because it got to 50-60 and then it fell over, resulting in that 'panic' about holding it or believing in the info on the chart. This morning I held on and got a small win, pretty much a BE. Then I held on and took a really big loss. Then I took a small profit to pull me back with another small move up and fell over, finishing now with this small profit again.
In life you get 3 types of people, those who can count and those who can't.
  • #283
  • Mar 9, 2015 4:40am Mar 9, 2015 4:40am
CAN I JUST SAY THAT WE WOULD HAVE SAVED OURSELVES SOME HEARTACHE if we had just traded the DAX this morning...
In life you get 3 types of people, those who can count and those who can't.
  • #284
  • Mar 9, 2015 4:43am Mar 9, 2015 4:43am
Quoting HedgePiglet
CAN I JUST SAY THAT WE WOULD HAVE SAVED OURSELVES SOME HEARTACHE if we had just traded the DAX this morning...
Yip

Please share a screen grab for it and what would your average SL size been please
We miss 100% of the shots we don't take
  • #285
  • Mar 9, 2015 4:46am Mar 9, 2015 4:46am
Quoting Rooi
{quote} Yip Please share a screen grab for it and what would your average SL size been please
Stand by I'll draw them in, will be interesting.
In life you get 3 types of people, those who can count and those who can't.
  • #286
  • Mar 9, 2015 4:50am Mar 9, 2015 4:50am
Quoting HedgePiglet
{quote} Stand by I'll draw them in, will be interesting.


No probs
We miss 100% of the shots we don't take
  • #287
  • Mar 9, 2015 4:55am Mar 9, 2015 4:55am
Quoting Rooi
{quote} No probs
Ha ha sorry, commercial helicopter pilot for nearly 20 years, old habits...
In life you get 3 types of people, those who can count and those who can't.
  • #288
  • Mar 9, 2015 4:59am Mar 9, 2015 4:59am
DAX:
Nice entry ignoring the overnight adjustment, was within levels. Dropped +41 with zero retracement. So no stop levels given.
Long entry WAY outside the levels/rules, ignored.
Long entry to the book, went +32 zero retracement. So no stop levels given.
Short entry to the book, initially went against -5.5 then into profit for +15. So a -10 Stop looks the initial magic number. For 2 hours of assessment don't judge!
Long entry to the book failed immediately. Will keep an eye on it as its 'live' but will confirm.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2015-03-09 at 09.53.37.png Size: 171 KB
In life you get 3 types of people, those who can count and those who can't.
  • #289
  • Mar 9, 2015 5:03am Mar 9, 2015 5:03am
Quoting HedgePiglet
{quote} This is my hardest element personally. I work in segments of 80 pips at a time on the ALSI. If it hits 80, I aim at the next 80, or 160 and so on. Like this morning, we have a bit of a nosebleed because it got to 50-60 and then it fell over, resulting in that 'panic' about holding it or believing in the info on the chart. This morning I held on and got a small win, pretty much a BE. Then I held on and took a really big loss. Then I took a small profit to pull me back with another small move up and fell over, finishing now with this small...
Thanks for sharing. I like the idea for setting fixed targets in blocks. Will give it a try.
  • #290
  • Mar 9, 2015 5:04am Mar 9, 2015 5:04am
Quoting HedgePiglet
DAX: Nice entry ignoring the overnight adjustment, was within levels. Dropped +41 with zero retracement. So no stop levels given. Long entry WAY outside the levels/rules, ignored. Long entry to the book, went +32 zero retracement. So no stop levels given. Short entry to the book, initially went against -5.5 then into profit for +15. So a -10 Stop looks the initial magic number. For 2 hours of assessment don't judge! Long entry to the book failed immediately. Will keep an eye on it as its 'live' but will confirm. {image}
Morning HedgePiglet

I had a look at your screenshots. You mentioned at some stage you were using eSignal. What indicator do you have on screen that plots the small arrows ? Is it a proprietary eSignal indicator ?

Cheers
  • #291
  • Mar 9, 2015 5:12am Mar 9, 2015 5:12am
Quoting signalrv
{quote} Morning HedgePiglet I had a look at your screenshots. You mentioned at some stage you were using eSignal. What indicator do you have on screen that plots the small arrows ? Is it a proprietary eSignal indicator ? Cheers
Combination of things, I'll PM you.
In life you get 3 types of people, those who can count and those who can't.
  • #292
  • Mar 9, 2015 5:17am Mar 9, 2015 5:17am
DAX: Good looking long signal a minute ago. Should be 'ok' to reach 524-sh...pity I'm not in it!
In life you get 3 types of people, those who can count and those who can't.
  • #293
  • Mar 9, 2015 5:20am Mar 9, 2015 5:20am
Quoting HedgePiglet
DAX: Nice entry ignoring the overnight adjustment, was within levels. Dropped +41 with zero retracement. So no stop levels given. Long entry WAY outside the levels/rules, ignored. Long entry to the book, went +32 zero retracement. So no stop levels given. Short entry to the book, initially went against -5.5 then into profit for +15. So a -10 Stop looks the initial magic number. For 2 hours of assessment don't judge! Long entry to the book failed immediately. Will keep an eye on it as its 'live' but will confirm. {image}
It lookin like that but closer to -12 the way I look at it but it does move nicely.Thanks for sharing
We miss 100% of the shots we don't take
  • #294
  • Mar 9, 2015 5:21am Mar 9, 2015 5:21am
Quoting HedgePiglet
{quote} Ha ha sorry, commercial helicopter pilot for nearly 20 years, old habits...
LOL

Just reminds me of my military friends thats all
We miss 100% of the shots we don't take
  • #295
  • Mar 9, 2015 5:24am Mar 9, 2015 5:24am
Quoting Rooi
{quote} LOL Just reminds me of my military friends thats all
DAX: That long now an easy +30 and counting...
In life you get 3 types of people, those who can count and those who can't.
  • #296
  • Mar 9, 2015 7:01am Mar 9, 2015 7:01am
ALSI: Another sneaky little +98 on the ALSI and I am KAPUT for the day. I usually don't feel like its such an uphill battle but today has been no fun at all.
In life you get 3 types of people, those who can count and those who can't.
  • #297
  • Mar 9, 2015 7:03am Mar 9, 2015 7:03am
Quoting HedgePiglet
ALSI: Another sneaky little +98 on the ALSI and I am KAPUT for the day. I usually don't feel like its such an uphill battle but today has been no fun at all.
Jip

But DAX getting on well though even though it struggled on Friday.

Im still making my notes on it

Enjoy the day and see you tomorrow

Rooi
We miss 100% of the shots we don't take
  • #298
  • Mar 9, 2015 7:08am Mar 9, 2015 7:08am
Quoting Rooi
{quote} Jip But DAX getting on well though even though it struggled on Friday. Im still making my notes on it Enjoy the day and see you tomorrow Rooi
Ja nee, you know how it works, I'm going to take the dog for a run and then will no doubt end up in front of the charts. We should do a screen share and chat about this DAX, there may be something in it. Another excellent trade with no risk for another +30 since our last comment.
In life you get 3 types of people, those who can count and those who can't.
  • #299
  • Mar 9, 2015 7:14am Mar 9, 2015 7:14am
Quoting HedgePiglet
{quote} Ja nee, you know how it works, I'm going to take the dog for a run and then will no doubt end up in front of the charts. We should do a screen share and chat about this DAX, there may be something in it. Another excellent trade with no risk for another +30 since our last comment.
Jip.

Sounds good.

Have you tried any software that can share a screen.What about Skype.It can share a screen.Is up to you

Let me know when you come back from stretching the legs
We miss 100% of the shots we don't take
  • #300
  • Mar 9, 2015 7:17am Mar 9, 2015 7:17am
Quoting Rooi
{quote} Jip. Sounds good. Have you tried any software that can share a screen.What about Skype.It can share a screen.Is up to you Let me know when you come back from stretching the legs
We have company software that lets me host a meeting online. Trying to find the darn tennis ball then I'll PM you the link when I get back.
In life you get 3 types of people, those who can count and those who can't.
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