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ALSI 40 Index - Trading the South African All Share Index

  • #501
  • Mar 17, 2015 4:34am Mar 17, 2015 4:34am
Quoting HedgePiglet
{quote} Does anyone know if there is a 'ban' button on these threads?
I never knew South Africans could be so sensitive
  • #502
  • Mar 17, 2015 4:58am Mar 17, 2015 4:58am
Thats another +30 on the DAX. I actually can't help myself...
In life you get 3 types of people, those who can count and those who can't.
  • #503
  • Mar 17, 2015 5:18am Mar 17, 2015 5:18am
Quoting HighFivve
Greetings HP been reading your tread me like ! a Q if i may ...when you say a change in color on the MA ....what #MA ? also on the screen shot below there are two 50% and 75% lines one red one green and they overlap ? I was going to set my fib tool on mt4 at 50 ,75 and 100 Should I use today's open and pull one up and one down from the open to the ADR ? thanks in advance nice to have a PRO here on FF ...to help us newbees {image}
Howzit HighFivve and welcome to the thread,

Colour change on the Moving Averages (MA) is what I use to visually help me identify changes in trend. You will note I only use Range Bar charts to trade. Been doing it for 5+ years now and cannot understand how traders can enter/exit accurately on a candle thats an hour long...

The ADR (Average Daily Range) lines are plotted automatically off the previous 5 days of movement. To explain why you see them 'upside down' on this chart is easy: At the start of the day the lines are equally spaced a distance up/down from the opening price. As price climbs, lets say it moves nicely up to 75% long (green), this means price has already moved a fair bit of its normal distance already, so it has a shorter distance to travel if price starts to fall, so you will see as price climbs, it 'pulls' the lower ADR lines up with it. On BIG days, price goes right through the 100% levels, and this means it continues to drag the lower levels up with it, until they actually pass above the green lines. This is why you see what you do here. Its not unusual.

I hope this answers your questions? Feel free to fire away.
In life you get 3 types of people, those who can count and those who can't.
  • #504
  • Mar 17, 2015 5:47am Mar 17, 2015 5:47am
Howzit guys, except Simtrad, I'm not talking to you today.

It's been a busy morning for me. Got knocked out 3 times by the DAX this morning. The wild swings got me. At least recovered since then and is up a few pips. I'm glad to see that the DAX can also go down. It's been a crazy few days.
  • #505
  • Mar 17, 2015 6:23am Mar 17, 2015 6:23am
Quoting ZA Rhino
I have taken 30 on the DAX and now will wait till this afternoon, and look again. I hear you about the temptations for greed. But 30 in the morning and walk away appears safe in my book.
And that's the 30 for the afternoon. Tempted to carry on but that's a nice day no need to spoil it
Carpe Vinum.
  • #506
  • Mar 17, 2015 6:27am Mar 17, 2015 6:27am
Quoting PiptheRipper
Howzit guys, except Simtrad, I'm not talking to you today. It's been a busy morning for me. Got knocked out 3 times by the DAX this morning. The wild swings got me. At least recovered since then and is up a few pips. I'm glad to see that the DAX can also go down. It's been a crazy few days.
Haha, well I would never be so shallow
In all seriousness, even though you guys have belittled the nation that brought cricket to your fine country, I can't bring myself to support Sri Lanka so I wish SA well. I'm just jealous we are not there
  • #507
  • Mar 17, 2015 7:31am Mar 17, 2015 7:31am
Quoting simtrad
{quote} Haha, well I would never be so shallow In all seriousness, even though you guys have belittled the nation that brought cricket to your fine country, I can't bring myself to support Sri Lanka so I wish SA well. I'm just jealous we are not there
It's all good Simtrad. S.A have what it takes to beat Sri Lanka. Let's hope for the best. I'll have a early start tomorrow to watch the game and will definitely be late for work.
  • #508
  • Mar 17, 2015 7:32am Mar 17, 2015 7:32am
Quoting ZA Rhino
{quote} And that's the 30 for the afternoon. Tempted to carry on but that's a nice day no need to spoil it
Well done ZA Rhino.
  • #509
  • Edited 2:26pm Mar 17, 2015 2:07pm | Edited 2:26pm
[quote=HedgePiglet;8142286]{quote} Howzit HighFivve and welcome to the thread, Colour change on the Moving Averages (MA) is what I use to visually help me identify changes in trend.
thanks for the answer ... and the welcome...

as far as the color MA I was wondering the settings...

and do you think a static 50% 75% 100% ADR fib pull would work as pivot points ? since I don"t have e-signal\ I can't adjust them..
also have you traded ADR % on a weekly chart ..AWR ?

thanks again in advance ..good pips
Learn THEN Unlearn
  • #510
  • Mar 18, 2015 1:44am Mar 18, 2015 1:44am
Morê manne.

That's how you bowl!! Brilliant performance.

Attached Image (click to enlarge)
Click to Enlarge Name: SA logo.jpg Size: 985 KB
  • #511
  • Mar 18, 2015 2:56am Mar 18, 2015 2:56am
Well bowled SA, half the job done.
  • #512
  • Mar 18, 2015 3:14am Mar 18, 2015 3:14am
Morning all!
In life you get 3 types of people, those who can count and those who can't.
  • #513
  • Mar 18, 2015 3:22am Mar 18, 2015 3:22am
Quoting HedgePiglet
Morning all!

Dag se
We miss 100% of the shots we don't take
  • #514
  • Mar 18, 2015 3:46am Mar 18, 2015 3:46am
T40 Cash M5 falling wedge setup...

Attached Image (click to enlarge)
Click to Enlarge Name: SAfrica40M5.png Size: 16 KB
  • #515
  • Mar 18, 2015 4:55am Mar 18, 2015 4:55am
HP, how are you doing the last few days? Are the ALSI and DAX still treating you well? Can you believe it actually went down.
  • #516
  • Mar 18, 2015 5:19am Mar 18, 2015 5:19am
Quoting JimmyC
T40 Cash M5 falling wedge setup... {image}
Caution, pattern failing
  • #517
  • Mar 18, 2015 5:41am Mar 18, 2015 5:41am
Quoting JimmyC
{quote} Caution, pattern failing
Confirmed failed pattern and S/L executed to limit loss
Attached Image (click to enlarge)
Click to Enlarge Name: SAfrica40M5.png Size: 20 KB
  • #518
  • Mar 18, 2015 9:54am Mar 18, 2015 9:54am
Quoting PiptheRipper
HP, how are you doing the last few days? Are the ALSI and DAX still treating you well? Can you believe it actually went down.
I spent the morning trading the DAX live with the team, who are evaluating a more serious look at the DAX. As luck would have it, she was a little cow to start, with a -12, +30, -12, BE, -12, BE so I had a bit of a nosebleed. A lesson for anyone reading this, trying to support a noob trader, then getting on a conference call to Singapore, then hopping on and off Skype every 20 minutes is NOT going to give you a good trading experience. I battle to admit it but I made a few mistakes while distracted that I haven't made for longer than I can recall. This trading thing is a fickle master. Its seldom kind if you don't concentrate on it and devastatingly punishing if you look away.
But then it settled and gave solid +30 x 4 which put me well up. It has since been steady. Unfortunately the 'discomfort' from this morning has stayed with me and I have not enjoyed my trading today, despite ending with more than +150 on the DAX. Isn't it funny how much of a head game this stuff is some days?!

ALSI: I haven't actually looked at this chart live today, with trading focussed on the DAX but it looks like it was a fair day. I must admit I am really quite pleased to have JimmyC contributing as it provides another insight and more info is always welcome. At a glance it looks like it also would have likely given me quite a beating to start off with, with 3 clear losers but it too has followed with much smoother GMMA's and great entry and exit zones evident.
In life you get 3 types of people, those who can count and those who can't.
  • #519
  • Mar 18, 2015 10:06am Mar 18, 2015 10:06am
Quoting HedgePiglet
{quote} I spent the morning trading the DAX live with the team, who are evaluating a more serious look at the DAX. As luck would have it, she was a little cow to start, with a -12, +30, -12, BE, -12, BE so I had a bit of a nosebleed. A lesson for anyone reading this, trying to support a noob trader, then getting on a conference call to Singapore, then hopping on and off Skype every 20 minutes is NOT going to give you a good trading experience. I battle to admit it but I made a few mistakes while distracted that I haven't made for longer than I can...
Thanks for the update HP. Yeah the DAX beat me up again this morning. I had 4 losses in a row to start my day. I've manged to win all my losses back and a bit more as the day went on. Psychology is the most important factor after a solid system. It is amazing how our perception can change due to our performance during the day. I've made a habit of it to keep a trade journal to record my thinking. You've came on top today so well done.
  • #520
  • Mar 18, 2015 12:48pm Mar 18, 2015 12:48pm
Quoting HedgePiglet
{quote} I spent the morning trading the DAX live with the team, who are evaluating a more serious look at the DAX. As luck would have it, she was a little cow to start, with a -12, +30, -12, BE, -12, BE so I had a bit of a nosebleed. A lesson for anyone reading this, trying to support a noob trader, then getting on a conference call to Singapore, then hopping on and off Skype every 20 minutes is NOT going to give you a good trading experience. I battle to admit it but I made a few mistakes while distracted that I haven't made for longer than I can...
Coming on top on days like these, HAS to be THE game changer... at least in my books. I have often fallen by the wayside and picking myself up and joining the race is easier said than done. The psychological aspect is often (rightly) quoted to be the most influential factor in determining our longevity in this business.

So... very well done!
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