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ALSI ouch

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No he is not I'm afraid.. look at the bids starting to come in now at the 970 level
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Skaap i think u are correct.I think the alsi will be in a sideways move until us markets open.I am thinking that i must only trade in the morning and again when us markets open.I find that when in profit early and u carry on trading u loose it again in the middle section.
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Hi Christos, I got into the habit of documenting all my trades in an access database some time ago, reflecting date, time and a couple of other points - like classifying the trade etc. What I have concluded, is that almost 90% of my big moves came from morning trades. I very very rarely made big profits middle of the day - and my consistency varied greatly in the afternoon sessions (i.e. there where profitable trades, but my failure rate climbed significantly too). I concluded that, based on my own systems, mornings are the best. And - as a bonus - I get the afternoon off to go surf.
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Super Contributor
Een knoppie en jy's in jou moer !!! Poor oke. 28 July turned out to be a game changer for this poor fellow.
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Thanks for the information.My problem is greed.When i have a winning trade in the morning i find it difficult to stay out.I am working on that.Managed to switch off and went to gym this morning.Do u have stats as to how often our market close the gap?Question- if your first trade in the morning is stopped out would u consider a new trade or is that it for the morning?
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Christos, what you are dealing with is a classic problem severely overlooked by traders - the problem of drawdowns. Every trade you make has its probabilities of success or failure. So, with every trade, you have to anticipate drawdowns, where you are wrong 2, 3 or 4 times in a row. Now if you are trading 4 or 6 different signals in a day, then your drawdown potential increases significantly.You could end up being wrong 10 times in a row. Your system might say you are fine with this - but I can promise you that you are going to tilt mentally. It will take a serious 'man van staal' to pull yourself through that kind of situation.
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Super Contributor
there is some irony that his fat finger was 28 000 on the 28th.. but shame por oke.. well if you dont have your fail safe checks in place bad things can happen.. how is it possible he di dnot have a maximum order size set! mind boggles and that was some okes pention
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Skapie is jy in die gap?
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no, was not comfortable with the setup
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I am generally not fond of gap trading I don't like having my profit potential capped. So the trade has to be screamingly obvious. Yesterday we had an engulfing candle and a full gap - with both the FTSE and the FTSE mining index (which I use as my leading indicator for the ALSI) closing their gaps. Today is not really a gap, in my opinion - it is a partial gap - with a hanguva lot of mess from yesterday's interday price action to clear first, before we reach yesterday's close. And no obvious price action candles either. Not my cuppa tea. I am looking for a short setup.
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Me stopped out at 27880.Profit of 70 point*2.Was also expecting more down at the open.Markets very negative.I think the short might be on now.
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That Idiot is buying back his contracts, how do I know, look at the depth screen, he be the oke hoping his 25ctx every few sec..
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Super Contributor
we'd laugh less if the market turned round and made him rich :)
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