Any Ideas on direction of the ALSI ?

[#1]

we dropped hard and I see plenty of support at 28000 level for now..but one never knows..plus a gap above that might close

[Rams]

yes, agree Frost, mixed signals on 1 hour chart(divergence...may go up though trend still down), best to go fishing

[#3]

just fired a long at the break of 28400..lets see what happens

[Rams]

if meets resisitance at 28500...may set up another short (wave 1 down...we now in C of ABC...10 minute chart)

[#5]

looks like we going for gold on this one..tight stop as per usual..

[#6]

Well here is me patting myself on the back for a job well done, for capturing 170 points - only to realize that I have only captured 170 pts in a 600 point day (800 if you include the initial down move). So actually not a job well done at all!

[#7]

What is making it run all af a sudden.Any news released?

[#8]

Points are points Skaap be it 600 or 100 it better than 0 or being negative of hoe?

[Mar-11]

us trade balance ...dollar moving http://www.forexfactory.com/

[#10]

Very very lekker day for trading!long looking solid for now

[#11]

how is that for a day 500 point drop in a couple of minutes and the market just catches up. Think trend is still short but definitely a small recovery on the cards for now. Market is definitely quite high at moment.

[Rams]

depends on time frame....Agree with Frost...1 hour trend up but may go down to lows of day before going up again based on 10 min(or 15) chart. (went past 28500 retracing more than 61.8% makes this wave up, wave 3 so possibly wave 4 down to follow ) Confirmation will be trading past high of day at 28670.

[#13]

Thar she goes!run Malsi RUN

[tee_1]

What is the best graphs to use when trading the alsi?

[prancing_horse]

You shouldn't be trading the ALSI if you don't know the answer.

[#16]

Depends on your time frame..eg daily chart SBK works fine, but shorter time frames swordfish(from tick to 90 min with 8 weeks history) no market maker,like IG markets indicative..and no fees, just have to be a client..I would recommend e-signal if one has lots of cash to burn..

[#17]

Think there needs to be a disclaimer on the chat form..Trading futures are very risky and not for everyone and its def not a get rich quick method but would recommend the casino instead!It takes years to be able to trade the market and be profitable if you are lucky!so please take care when considering

[Terra]

PLEASE NOTE This course is aimed at advanced traders - at a minimum one should have attended the Trade to Trade Well course, have a good grasp of the concepts of trading and already be a profitable trader looking to take your trading to the next level. Further while the concept of trading is simple enough those attending need to fully understand that trading is all about psychology. WEALTH WARNING - Futures index trading carries a wealth risk warning A- one can loose more than one invests.

[SimonPB]

there are warnings everywhere .. but nobody pays them any attention (smoking as an example), tis optomism bias, humans only focus on the upside not the real risk because they believe they are special and will succeed ..

[#20]

Dr Phil works at a bank?..just kidding