I'm out! +43 on the ATR. Great little trade. Disappointed it didn't get to my target but I'm not unhappy.

ALSI 40 Index - Trading the South African All Share Index

image ORANGE line is my entry. ATR is the yellow. you're seeing it LIVE. I am DELIBERATELY NOT editing my posts to you can see I called this all well in advance. Price broke below the lower level (blue dotted) which confirmed the short bias I ...

ALSI 40 Index - Trading the South African All Share Index

+77 with a minimum +45 on ATR...this is a good looking trade!

ALSI 40 Index - Trading the South African All Share Index

+61 with an ATR minimum of +30

ALSI 40 Index - Trading the South African All Share Index

+50. ATR gives me a minimum of +19 so far. KEEP AN EYE ON 46,650!!! This is an area of keen support and is above my 75% ADR target...

ALSI 40 Index - Trading the South African All Share Index

+30 and counting. I can now treat this as a Break Even trade at worst. My first target remains the 75% ADR @ 46,638.

ALSI 40 Index - Trading the South African All Share Index

AS I TYPED this I got the short break as expected. Text book. My target is now circa 150 pips to the 75% ADR and I am now using a Traders ATR for support...

ALSI 40 Index - Trading the South African All Share Index

While we wait for the setup (which is looking ever strong to be a short, price just broke the lower level and we have the classic pull-back on the correct side of the POC) I have another proposition for anyone out there. Since a large part of my ...

ALSI 40 Index - Trading the South African All Share Index

Ok, the upper limit has tightened to 46,830. Again, this means we will get a setup sooner if it breaks up, or if price falls from this level...my bias is still on the short but I have no desire to risk my money on it until the setup is clear...

ALSI 40 Index - Trading the South African All Share Index

Thats 1! Thanks MrI.

ALSI 40 Index - Trading the South African All Share Index

Short setup just arrived right on the lower level. The Guppy is very compressed so while its not scientific, it could be a big move down. Remember, price RIGHT NOW is almost exactly at the 50% level of its Average Daily Range. We KNOW that a chart ...

ALSI 40 Index - Trading the South African All Share Index

Price will now stay bound between 46,865 and 46,760. The moment it breaks should be a good sign of a big move. Lets see...

ALSI 40 Index - Trading the South African All Share Index

Hi folks. Please take a look back to my post on the 26th of last month where I identified the level of 46,910 as being key. If you didn't see this post made almost a week ago you might suspect I was involved in witchcraft! So the chart opened this ...

ALSI 40 Index - Trading the South African All Share Index

The colour bars are based on a simple MA crossover. The hard bit is I have never used MT4 before but am happy to chat in person about the settings I use so you can get something similar. I am fully conversant with the theory, which is applied on ...

ALSI 40 Index - Trading the South African All Share Index

Monday 2 March '15

Average Daily Range Table (ADR)

I take trade entries on a 2R chart and my setup chart is a 3m chart. I'll answer your question about trade size by sharing the published values of the ALSI: ALSI: The minimum lot size is 1, with a value of ZAR10 = 0.55 ($0.84) a pip. Thats the ...

ALSI 40 Index - Trading the South African All Share Index

I have deliberately left my earlier post today unedited, to provide a record of my trade I called before 11:30. Note the time of the post was shortly after 11:30, and I marked this on my chart as the yellow vertical line. 26 Feb 2015: My first trade ...

ALSI 40 Index - Trading the South African All Share Index

I've hit target for the day, however, price just just smashed through the first significant level of 46,910. If this gets through 46,965 (where it is right this minute) it should be a nice run up. Its right at the 300EMA so the next few minutes will ...

ALSI 40 Index - Trading the South African All Share Index

Wednesday the 25th Feb 2015: Building on my first chart, today was a good day. I have a personal target of 200 pips per day and will be happy with 100. Simply trading the colour changes would have been sufficient, though I shall spend a little more ...

ALSI 40 Index - Trading the South African All Share Index

Yes.

ALSI 40 Index - Trading the South African All Share Index