TOPI

[Bouwer]

Looking at ASX the miners may be punished today..

[koos2]

Trench warfare @ 45160!

[Rams]

Are you looking at the head and shoulders or reverse head and shoulders......

[koos2]

I are just gonna watch until either 44750 or 45500 is breached.

[Rams]

So, market mainly sideways, even on 15 mins...so now it's down to multiple small profits in a day.....

[Bouwer]

Still edging up slowly...

[Bouwer]

maybe a long on 15:30 candle

[Rams]

bottom of channel on 15 min(down to 45150...hoping for a retrace back to top

[Rams]

Retrace about right on target....to top before close? US strong open....

[Rams]

Long closed at 45400.....three trades in a day ....on ALSI FUTURES, that's a busy day.....and just about 300 points / contract.

[Bouwer]

How many contracts you usally trade intra day?

[Rams]

3 contracts per trade intraday, 2 contracts in another account for gap trade, and have a weekly ALSI account, and a daily ALSI account....intraday, never holding more than 5 contracts.

[Rams]

The channell still in play ....just came off it at 45150......let's see if it breaks thru high of day....

[Rams]

Getting yo top of channel to about,m45500 to45600, will turn this into a good week

[Rams]

We touched 45500', took profits and closed rest at 45400......was a difficult week to trade but managed to trade the channel which requires multiple trades, so was a busy week. We opened the week on 45260, and closed the week on 45381.....flat but profitable on 15 minute.

[Bouwer]

Only if you know hoe to trade in channels

[Rams]

ALSI stuck between 45000 and 45500,,,,,,,,

[#18]

consolidation or preparing for the fall and break down.. I say.. US Markets are getting ready to come down again. The top could be in the making :-)

[Rams]

Came off the lows close to 45000......so could claw back to close flat,,,,,,

[Rams]

Another busy day trading the channel,,,,,traded the 2 longs and the one short.....and just managed 112 points per contract...and we close about flat.