Who went short yesterday or this morning?

[>Apocalypto<]

Guys I made a quick buck this morning on the IG markets Aussie200 contract

Any one else go short yesterday or this morning?

My trailing stop has been hit by the way.

 

[Halba]

whoever went short htis morning would've lost money!!

 

[Realist]

All the chartists will tell us "I knew this would happen"

"I closed out almost all of my positions a couple of days ago"

Etc. etc.

However I've not seen one post before the fact that called it, that did not resemble many other posts over the past 6 months calling a correction.

We do not need anyone telling us anything after the fact.

If you closed out positions because you saw the ASX falling in your crystal ball show us the post before yesterday avo.

Otherwise don't bother telling us, everyone and their dog can make up stories after the fact.

sorry for my rant, but people telling us porkies, or even believing they have a crystal ball are annoying.

 

[professor_frink]

All the chartists will tell us "I knew this would happen"

"I closed out almost all of my positions a couple of days ago"

Etc. etc.

However I've not seen one post before the fact that called it, that did not resemble many other posts over the past 6 months calling a correction.

We do not need anyone telling us anything after the fact.

If you closed out positions because you saw the ASX falling in your crystal ball show us the post before yesterday avo.

Otherwise don't bother telling us, everyone and their dog can make up stories after the fact.

sorry for my rant, but people telling us porkies, or even believing they have a crystal ball are annoying.

Go have a look at the SPI thread Realist- CanOz went to cash yesterday

 

[rico01]

:
Yesterday I bought 40 wbc $26 put contracts for 20 cents each, right now they are worth 60 cents!
I'm excited

 

[Realist]

Go have a look at the SPI thread Realist- CanOz went to cash yesterday

If he is trading the SPI and has a crystal ball why cash out, why not short?


Of the 1000 posters here at least 4 or 5 will pick a correction spot on based just on the mathematical odds of guessing.


I've not seen one post suggesting a correction on Feb 28th. Not that I'd expect to either - nobody knows of course.

 

[>Apocalypto<]

whoever went short htis morning would've lost money!!

Not if you had a trailing stop and you bought the contract at 9:50 bud!

 

[professor_frink]

If he is trading the SPI and has a crystal ball why cash out, why not short?


Of the 1000 posters here at least 4 or 5 will pick a correction spot on based just on the mathematical odds of guessing.


I've not seen one post suggesting a correction on Feb 28th. Not that I'd expect to either - nobody knows of course.

he wasn't trading the SPI- he was asking about the Chinese market, after I made mention of what was happening in the rest of Asia.

 

[>Apocalypto<]

All the chartists will tell us "I knew this would happen"

"I closed out almost all of my positions a couple of days ago"

Etc. etc.

However I've not seen one post before the fact that called it, that did not resemble many other posts over the past 6 months calling a correction.

We do not need anyone telling us anything after the fact.

If you closed out positions because you saw the ASX falling in your crystal ball show us the post before yesterday avo.

Otherwise don't bother telling us, everyone and their dog can make up stories after the fact.

sorry for my rant, but people telling us porkies, or even believing they have a crystal ball are annoying.

Realist

No one has a crystal ball well I dont!

I was shocked when I saw the over night action this morning very shocked I also had two call options to deal with.

But the market did look weak yesterday afternoon on close trend was looking weak but I would not have shorted it of what I saw, but I did throw one ig cash contract on it this morning at 9:55 on the short side.

 

[Realist]

he wasn't trading the SPI- he was asking about the Chinese market, after I made mention of what was happening in the rest of Asia.

Fair enough.

We are down only 144 points now... :

 

[professor_frink]

Fair enough.

We are down 144 points now - getting close to my 132.. :

It is a mere blip, we'll be back above 6000 in days.

I'm not going to make an official predection
Will wait and see if the U.S futures move down again during the asian session-there off slighly at the moment, but nothing worth worrying about.

 

[dodgers]

I sold out of all my short-term investments last Thursday and went short the SPI yesterday afternoon.

No I don't have a crystal ball I've been following all the threads of Yogi, Magdoran and everyone else on Trading the SPI (both Gann and non-Gann) and XOA analysis etc etc...

the posts in particular on Trading the SPI-Gann Technicques got the high to the day (Magdoran picked 24 feb +/- 1 day...spot on!)

thanks guys!

also if you follow e/w theory (on many different posts in this forum) we've been expecting that we're close to the top of wave 3 of 5 for some time

 

[mmmmining]

To be honest, I was considering to cash in all my portfolio in last couple of weeks after SP200 cross 6000. After thinking it over, I did not do it. Instead, I cash in a few stocks to raise very few money just in case.

A few of reasons:

I am not a trader, I am a investor;
Taxation; and
The strong money inflow caused by the reform of super. rules still stay.

It is just very bad timing for me yesterday. I just start a new routing to check the Chinese market a day before (posted on BHP thread). I have not fine-turn my procedure yet. Now I understand I should watch it during normal trading day, instead at end of day.

I am glad that we found a new market leader. We have ignored the US market for a couple of years, and being the co-leader ever since. Pay attention to Chinese Market will be the key to day-traders and investors as well.

IMHO, If the commodities can hold reasonably well, I should worry too much...

 

[Realist]

I sold out of all my short-term investments last Thursday and went short the SPI yesterday afternoon.

No I don't have a crystal ball I've been following all the threads of Yogi, Magdoran and everyone else on Trading the SPI (both Gann and non-Gann) and XOA analysis etc etc...

the posts in particular on Trading the SPI-Gann Technicques got the high to the day (Magdoran picked 24 feb +/- 1 day...spot on!)

thanks guys!

also if you follow e/w theory (on many different posts in this forum) we've been expecting that we're close to the top of wave 3 of 5 for some time

Why if Magdoran picked Feb 24th did you not act Feb 23rd, instead of waiting till Feb 27th?

Seems very convenient..

 

[Magdoran]

All the chartists will tell us "I knew this would happen"

"I closed out almost all of my positions a couple of days ago"

Etc. etc.

However I've not seen one post before the fact that called it, that did not resemble many other posts over the past 6 months calling a correction.

We do not need anyone telling us anything after the fact.

If you closed out positions because you saw the ASX falling in your crystal ball show us the post before yesterday avo.

Otherwise don't bother telling us, everyone and their dog can make up stories after the fact.

sorry for my rant, but people telling us porkies, or even believing they have a crystal ball are annoying.

Realist,



Hey, I called a top for XAO with Feb 24 as the key date (giving Feb 23 as the most likely date) on 22 January 2007! I then projected 6025 as the most likely index value for the XAO on 17 Feb.


Here are the relevant posts, well in advance:

• 22 January 2007 see post 645 in “Zinc the metal for 2006",
• Then on 01/02/07 post 4 in “Trading The SPI - Gann Techniques”,
• Clear comments on 23 and 26 Feb on “Can we quit job and invest in stocks full time?” post 99, 106, and 112,
• I gave the actual high target of 6025 as my first choice in "ZFX – Zinifex" post 1408 on 17 Feb.


Just look at the posts…


Mag

 

[dodgers]

No method is ever 100% foolproof, hence I waited to see if Magdoran / Yogi's prediction of a 23 / 26 high was going to hold true (which it seemed to have the 27th), so I went short. Like all things a calculated risk since i would have been stopped out if went back up.

I wish it was that easy for me last may... I lost an absolute fortune. All part of the learning curve

 

[Realist]

Realist,



Hey, I called a top for XAO with Feb 24 as the key date (giving Feb 23 as the most likely date) on 22 January 2007! I then projected 6025 as the most likely index value for the XAO on 17 Feb.


Here are the relevant posts, well in advance:

• 22 January 2007 see post 645 in “Zinc the metal for 2006",
• Then on 01/02/07 post 4 in “Trading The SPI - Gann Techniques”,
• Clear comments on 23 and 26 Feb on “Can we quit job and invest in stocks full time?” post 99, 106, and 112,
• I gave the actual high target of 6025 as my first choice in "ZFX – Zinifex" post 1408 on 17 Feb.


Just look at the posts…


Mag

Well you were 4 days out on one of the many dates you listed. 4 days either way gives you an 8 day span to get your timing right. There's only 20 trading days in Feb.

How you make money off that I have no idea.

You pick your date (the 23rd) so you short on the 23rd and you get stopped out as it rises. It rises for a couple of days more then drops 140 points. There's no chance you took a short every night betting on your guess being right.


Or if you are going long you sell your long positions expecting a fall and pay brokerage and tax, then you buy back in and pay brokerage and you are behind anyway, the market only drops 2% and you pay way more than that in tax and brokerage.

Your guessing can not make any money.

 

[ice]

Well you were 4 days out on one of the many dates you listed. 4 days either way gives you an 8 day span to get your timing right. There's only 20 trading days in Feb.

How you make money off that I have no idea.

You pick your date (the 23rd) so you short on the 23rd and you get stopped out as it rises. It rises for a couple of days more then drops 140 points. There's no chance you took a short every night betting on your guess being right.


Or if you are going long you sell your long positions expecting a fall and pay brokerage and tax, then you buy back in and pay brokerage and you are behind anyway, the market only drops 2% and you pay way more than that in tax and brokerage.

Your guessing can not make any money.

Lol Realist, you're a funny bloke. Appreciate your humour. Keep it up.


ice

 

[nizar]

Look forward to your learned projection.

LOL so do I!!!

Come on Realist, lets see if you are any better than those you knock.

 

[Realist]

LOL so do I!!!

Come on Realist, lets see if you are any better than those you knock.

check for yourself...

https://www.aussiestockforums.com/forums/showthread.php?p=111377#post111377

I'm guessing I'm up about 35 to 40% in 4 months.

MTN for one has doubled since my last update. EVE up alot as well.