ALSI 40 Index - Trading the South African All Share Index | Page 32 | Forex Factory

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ALSI 40 Index - Trading the South African All Share Index

  • #621
  • Mar 25, 2015 8:16am Mar 25, 2015 8:16am
Quoting HedgePiglet
{quote} Absolutely unbelievable. My forecast was simple: The trend is going to go long, upward bias from mid-day. I specifically named the 915 area as being 'thick' and as with all these things, if price goes above 915 (or below 890) it was going to be a runner. And what a runner. I don't ever recall reading a chart where I made calls several hours before they arrived with such accuracy. It makes for such confident trading.
That was a brilliant call. So hoe gaan dit vandag?

I was in a client meeting since 10am, only got to my workstation now. I see there was 2 very nice shorts on the table. Did you get them?
  • #622
  • Mar 25, 2015 8:29am Mar 25, 2015 8:29am
Quoting PiptheRipper
{quote} That was a brilliant call. So hoe gaan dit vandag? I was in a client meeting since 10am, only got to my workstation now. I see there was 2 very nice shorts on the table. Did you get them?
Hoesit!
Its been quite a day so far. Started off a bit of a misery but its been fantastic since. Currently LONG from 925 and the ATR says I will bank +31. I see you have started a trade explorer. Good man. I have looked at the same but 99% of them only plug into MT4 and you have a better chance of seeing me pregnant by pineapple than of starting an MT4 account...I have too much insight to how they bill for 'free' services!
In life you get 3 types of people, those who can count and those who can't.
  • #623
  • Mar 25, 2015 8:40am Mar 25, 2015 8:40am
Quoting HedgePiglet
{quote} Hoesit! Its been quite a day so far. Started off a bit of a misery but its been fantastic since. Currently LONG from 925 and the ATR says I will bank +31. I see you have started a trade explorer. Good man. I have looked at the same but 99% of them only plug into MT4 and you have a better chance of seeing me pregnant by pineapple than of starting an MT4 account...I have too much insight to how they bill for 'free' services!
"Pregnant with a pineapple". I have not heard that one before.

My trade explorer has been up for about 3 weeks already. I honestly don't really see the point of it, but I'll keep it up. It's good for a few stats. I don't draw a salary from my trading yet, so I'm stuck with mt4 for now. I don't find it to be too kak, but probably because I don't know any better.
  • #624
  • Edited Mar 26, 2015 1:49am Mar 25, 2015 3:31pm | Edited Mar 26, 2015 1:49am
FTSE:JSE
$TOPI40

Daily View

As the NY market approaches the close the S&P500 is trading a large number of points lower... So expect this will gap down at the open, I don't think the bulls are going to try and close this one. The presence of the double top, shooting star and the index confluence of bearish PA leads me to believe that the bulls will struggle to fight systemic selling. There continues to be bearish news flow for the Dollar and high correlation with the US Indexes. Overall this looks to be a very weak, week. Levels of interest and setup on chart.

Don't fall in love with the bearish move, its an index and ultimately indexes run long

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US Closing Prices:
#DOW 17718.54 -292.60
#SPX 2061.05 -30.45
#NDX 4329.28 -101.70

European opening calls:
$FTSE 6959 down 32
$DAX 11822 down 44
$CAC 5005 down 16
$IBEX 11437 down 28
$MIB 23053 down 92
  • #625
  • Mar 26, 2015 1:58am Mar 26, 2015 1:58am
And there goes the Top40...
Not very comforting for the bulls
Will see what PA does.... Sidelines seems a good position.
Technical structure, bear-flag.
At the start of the day, never open in the direction of a gap... <---- that one doesn't get shared often
And don't try pick a bottom... falling knife...

ALSI Top40 1H
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Take a look at gold and oil. Yemen will probably have folks risk-off and moving off to safe havens...
  • #626
  • Mar 26, 2015 2:05am Mar 26, 2015 2:05am
Morning all.

DAX: Big gap on the open. About 80 pips and price already down 125 pips.
  • #627
  • Edited Mar 27, 2015 12:30am Mar 26, 2015 2:13am | Edited Mar 27, 2015 12:30am
The great thing about Indexes.... They like to go up.... So the moment the dust settled the Dax reversed nicely and the bulls closed the gap.
For Fridays session there's a small bit of overhead resistance that will be psychologically important to clear. Either-way caution over optimism, bank profits early, don't hold over the weekend...

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Gold posted a significant rejection yesterday. But Oil still looks interesting.

We will see
  • #628
  • Mar 26, 2015 4:50am Mar 26, 2015 4:50am
The DAX is moving beautifully today. I'm finally having a good day, after a pretty bad week.
  • #629
  • Edited 1:37am Mar 27, 2015 12:14am | Edited 1:37am
US Closing Prices:
#DOW 17678.23 -40.31
#SPX 2056.15 -4.90
#NDX 4315.25 -14.03
#RUSS2000 1231.99 -1.86
#VIX 15.8 +0.36 <- nerves getting a test, fear on the rise

Overnight Asian markets are following the lead of the afternoon session rally posting gains on the back of the US pairing losses.
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FTSE:JSE
TOPI40

1H
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Expect the market to open gap up and a quick flush to test resistance @463xx area.

Yesterdays SARB decision to hold rates was in line with expectation and inflation figures were nothing to get too excited about.

The Rand weakened during yesterdays session and might support further market strength, overall Friday trading in a skittish market, if you do trade it and see a profit take it off the table early, Geopolitical risks will still weigh heavily on the minds of market participants and while the technical setup suggests strength risk remains in place.

EDIT:

Asian markets and Sydney have turned down.... Seems the bears are still out.... Caution is needed, cash is a great position right now... Patience
  • #630
  • Mar 27, 2015 4:20am Mar 27, 2015 4:20am
Morning all.

@JimmyC. Thanks for the posts mate. It's good to see a recap of other markets.

Wat sê die res van julle manne?
  • #631
  • Mar 27, 2015 5:36am Mar 27, 2015 5:36am
DAX: So we had a bit of a roller coaster ride and we are back at the open. Where to from here?
  • #632
  • Mar 27, 2015 6:47am Mar 27, 2015 6:47am
Quoting PiptheRipper
DAX: So we had a bit of a roller coaster ride and we are back at the open. Where to from here?
Ek check net een groot see rooi... VSA gaan kak maak... big time... Its Friday, forget it...
Amper reg gekom toe die Griekse finans min gese het hy gaan waai, to se die govt... nee hy bly.... hence the current candle

Lekker naweek ek gaan kus toe.... ALSI .... haaibo! eish, eish eish.... consolidation range, pickings are slim...

FTSE:JSE
Topi40
15 minutes.... fast charts for atari traders, I don't have enough pimples to keep up with this...
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  • #633
  • Mar 27, 2015 7:15am Mar 27, 2015 7:15am
Quote
Lekker naweek ek gaan kus toe

Geniet dit! BTw waar in SA is jy van?
  • #634
  • Edited 11:50am Mar 27, 2015 10:44am | Edited 11:50am
ALSI

1H - Double Bottom

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Daily

Harami / Hammer

Hopefully the US finds some strength or doesn't sink more, then the bulls can have a go Monday.

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@IGSquawk: European Closing Prices:
#FTSE 6855.02 -40.31
#DAX 11868.33 +24.65
#CAC 5034.06 +27.71
#MIB 22984.23 +83.96
#IBEX 11427.4 -26.40
  • #635
  • Mar 27, 2015 11:20am Mar 27, 2015 11:20am
Had an absolute stormer on the DAX today, have got the whole team excited about it now...

I hope everyone has a great weekend!
In life you get 3 types of people, those who can count and those who can't.
  • #636
  • Mar 30, 2015 2:58am Mar 30, 2015 2:58am
Morning all.

DAX: Wow, what a move to start the week. I've been completely caught off guard and haven't banked the opportunity.
  • #637
  • Mar 30, 2015 3:08am Mar 30, 2015 3:08am
We all banked +30

The change in daylight saving got us here early.
In life you get 3 types of people, those who can count and those who can't.
  • #638
  • Mar 30, 2015 3:25am Mar 30, 2015 3:25am
DAX: Short now @ 043.
In life you get 3 types of people, those who can count and those who can't.
  • #639
  • Mar 30, 2015 3:26am Mar 30, 2015 3:26am
Quoting HedgePiglet
DAX: Short now @ 043.
Nope, out for a -6.
In life you get 3 types of people, those who can count and those who can't.
  • #640
  • Mar 30, 2015 3:38am Mar 30, 2015 3:38am
Quoting HedgePiglet
{quote} Nope, out for a -6.
Pity, looks like it was a good signal but my stops were a little too narrow...
In life you get 3 types of people, those who can count and those who can't.
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