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The Malsi

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Not applicable
After sitting on my hands being stopped out 3times in 3 days, the line Im drawing to re-enter short is 26500 and with that I mean a close below on the 15min..
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12 REPLIES 12
Not applicable
Just another trader talking....I read the lesson Jesse Livermore learnt...Trade in the trend and Hold using major trendline Support and Resistance.That's it.###Upon cursorily analysing my trades since March,the ones I had patience with gave massive returns and I traded less.When I tried to trade more,for smaller margins,the performance was not good.I made money,but...far too much stress for the bottomline delivered.And if I had the noggin to trust my P&F chart more,I would have made MUCH more.So, there you go.Swing-trading via a P&F chart delivers MAJOR ALSI returns.(using R100k to cover 1 contract in play.No stress.).Old-school works.Best of.
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Not applicable
well done, sounds like your trading style is a 100% accurate..please share with the rest of us your wisdom..just joking.. each to his own ne
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Rams
Super Contributor
Frost, the ALSI and FTSE(60 min down to 15)shows divergence(MACD histogram - higher lows))so any reversal from these levels may be a "credible" long signal
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FEK
Super Contributor
Is the credible long now on ? If yes what is target for TOP40 ?
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Rams
Super Contributor
all it means is that the smart people have started buying while the not so smart are selling....divergence also means end of wave 5 down.Since its countertrend , one has to wait for confirmation or rather be neutral than short and if long its better to be in the cash market....29500 is a long way off if thats the target you like...
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Rams
Super Contributor
and an engulfing candle on Simons system in direction of trend...now for confirmation or are you in the trade already Simon
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Not applicable
11 winning days for me in a row from 3rd august which was my last losing day.
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Rams
Super Contributor
well done Christos...but why you so quiet....did all that winnings make you chatless?
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Not applicable
I am doing what Simon says.Just trading the price and keep my mouth shut.I started a new hobby.Oil painting while i trade.Surpriced to what is coming out.So if u want to invest buy a painting from me.Very good to release stress.U got it wrong.We still in wave 5 down and doing wave 2 Up of wave 5 down now.Wave 5 target 23500 to 24000.
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Rams
Super Contributor
I be doin the same but there are other ways to relieve stress with some oil. I see your wave but hope you wrong for the sake of my long term investments!
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Not applicable
and a blond.
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fusion12321
Frequent Contributor
christo oil is becoming scares , i will take one , with plenty oil please !!! and a gold frame if u dont mind.
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