Ha ha this is cruel!! 255 people. If it breaks up you're good for the long. I'm trying desperately to see 15m into the future!! At the risk of this all sounding a bit foolish for those just joining us, I trade a set system on the ALSI each day ...

ALSI 40 Index - Trading the South African All Share Index

Ok colour bar change now for the long. Look for it to climb above the magical 255 and we should be good for the next move up.

ALSI 40 Index - Trading the South African All Share Index

DAX: New level coming in at 255. This continues to form an upper limit for this current activity (if thats the right term for it clearly being out to lunch). This means the band of range has now narrowed to a pretty tight band...upper 255 and lower ...

ALSI 40 Index - Trading the South African All Share Index

DAX: Ok, the GMMA's have turned over. No clear space between fast and slow groups so not exactly place to make a call. However, we are seeing a bearish shape and the MA is giving us short bars. Not enough to have me put my money on it, but since it ...

ALSI 40 Index - Trading the South African All Share Index

DAX: Market profile on DAX says price needs to drop below 236 before we see a short. This suggests we will see ranging/languishing around this level for a little while yet. Even no signals are signals!

ALSI 40 Index - Trading the South African All Share Index

ALSI: Nice deep retracement now on the ALSI, good news as we might see another trade out of this gal today...

ALSI 40 Index - Trading the South African All Share Index

DAX: Theres the 245. I would have closed/scaled at 260 as mentioned for the 20 but at least you will have banked something. MA Cross has called a colour change which means we MIGHT be seeing a short but its still a little distance off. For those ...

ALSI 40 Index - Trading the South African All Share Index

DAX: If you are absolutely mercenary you should lock your stop at 245 giving you a +5. This 260 level is a cow.

ALSI 40 Index - Trading the South African All Share Index

Ugh, didn't quite tag that 275 level...you might have seen as much as a 30 pip trade but its looking weaker and weaker. Everyone should have banked your +180 on the ALSI.

ALSI 40 Index - Trading the South African All Share Index

Ha ha thanks, the suspense has been giving me a tight chest! Levels to watch: 260 and 275. Our Christmas gift level is 285...and its possible on this move...everyone has moved their stops if you are in it. I am 15m behind you and I am seeing heavy ...

ALSI 40 Index - Trading the South African All Share Index

DAX: Ok so far we have been on the money, its given us the 20 pips we expected as a minimum. My charts tell me the upper 75% level can be reached IF we see it break above the 260 level...nobody should be losing any money on this chart today.

ALSI 40 Index - Trading the South African All Share Index

Ha, this has got to be the MOST bizarre way I have ever analysed a chart. You are seeing it live and I am 15m behind. Can anyone tell me if my LONG at 240 would have given us anything yet? AND HAS IT HELD UP AT 260 or burst through??

ALSI 40 Index - Trading the South African All Share Index

DAX: 75% Long level at 285. I would be VERY pleased if it gets this high...

ALSI 40 Index - Trading the South African All Share Index

DAX: (Remember I am 15m delayed so you might already be able to tell me I am an idiot) Beautiful long entry at 240. Heavy line of resistance at 260 (so you could be in for a nice 20 pips) and watch this level. If it breaks through, I'll update the ...

ALSI 40 Index - Trading the South African All Share Index

Howzit Islander! Would you mind if I hijack your thread with a few of my DAX grabs?

Carpe diem: Intraday tactics for Dax and Dow

I will if I upgrade to the live feed. But of an eejit if I post on an index 15m after the action has passed, but I shall keep posting my thoughts here for a few days and then look at moving.

ALSI 40 Index - Trading the South African All Share Index

I think I actually heard it go 'boing' as it bounced on it... Price has another 60+ pips to go until it reaches 100% of its ADR. In other words, DON'T be greedy and bank the circa +180 you are now on. Play golf. image

ALSI 40 Index - Trading the South African All Share Index

DAX: Drawing in the 5 day ADR's the index has run its course for the day. In fact it has burst beyond the 100% mark. If you missed this mornings move, now you might move your attention to the DOW/S&P/NQ. image

ALSI 40 Index - Trading the South African All Share Index

ALSI: Watch this 46,660 LEVEL! If you are short keep an eye on it as its a HUGE area of support...

ALSI 40 Index - Trading the South African All Share Index

Nice to see I missed a text-book short on the ALSI while I was getting squared on the DAX...someone owes me a beer... Btw, I am lecturing tomorrow morning in London (Thursday) so will be away and of course Friday is NFP and while I am a trader, ...

ALSI 40 Index - Trading the South African All Share Index