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TOPI

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Bouwer
Super Contributor
What on earth is going on today.. In my very short trading career, I have never seen the market like this.. Past 2 trading sessions, massive ups and downs in a matter of 15 mins every time
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45 REPLIES 45
kwagga
Super Contributor
Consolidation = Volatility
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Not applicable
300pts top to bottom? That seems pretty flat to me.
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Bouwer
Super Contributor
Open > 45800 to 46120, 13:00 > 45920 to 46200 , 15:00 > 46200 to 45880... All these moves were within 15 mins... That is very volatile..
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Rams
Super Contributor
if it 300 points trading on a 15 minute chart, thats not flat
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Not applicable
Coz SAB..
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Rams
Super Contributor
Good day for ALSI trading today.....and DOW cfds.
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Bouwer
Super Contributor
I had a signal (long) today but I left it... Wasnt sure about the rate hike today and what effect it would have had...
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SimonPB
Valued Contributor
lesson from that ==>> don't think .. just do ..
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Bouwer
Super Contributor
haha, asked you exactly the same question last night and got roughly the ame answer..
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Rams
Super Contributor
We at the top of the channel....so " some selling off"....closed my intraday short....gap looks interesting
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Bouwer
Super Contributor
No trades for me last couple of days.. Missed a signal on Friday afternoon that would have had me go short at about 46200 (TOPI)... Wasn't near my computer though :-(
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Rams
Super Contributor
entered a new short at 46200(3.15pm)...all targets hit..
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Bouwer
Super Contributor
Great call!!
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Rams
Super Contributor
good for intraday...but now bit overdone...still long dailly and weekly TOPI from March 14 contracts. Early this am, lots of tweets about all gains for 2014 in Australia wiped out....keeping those stops. Opportunity for BIL at R280-R300, WHL at R57-R60, TKG at R32...?
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Bouwer
Super Contributor
Potentially a very nice flag forming on the TOPI weekly.. Retailers gonna be under pressure on the back of inflation so we could get a nice opportunity on retailers in general. Don't like resources for now and I never got why TKG went to R50 in the first place?
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Rams
Super Contributor
system did not signal an intraday short today..may get one later around 45400 level if not a trend change....but lets see what happens at 45000....(ALSI futures 15 min).
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Bouwer
Super Contributor
No signal for me either.. looks like down trend loosing momentum though. Wonder if the 4500 level wouldn't be a psychological level and a close below could be important?
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Rams
Super Contributor
gap down on DOW and and 2 of 15 min green candles into gap..so we still above 45000...until gap closes.
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Rams
Super Contributor
45400 and 15 minute trend change...
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