Out -10. A rare loser!

ALSI 40 Index - Trading the South African All Share Index

Not sweating it yet...standard MM.

ALSI 40 Index - Trading the South African All Share Index

DAX: SHORT 897.

ALSI 40 Index - Trading the South African All Share Index

Back to the 900 level, which is what we want. Tested that 892 also so we are in a good zone for the cheeky short.

ALSI 40 Index - Trading the South African All Share Index

DAX: Any short signals you get around now are 'ok' in my book...first soft signal at 896...

ALSI 40 Index - Trading the South African All Share Index

I want to see a short around 900, then 892 is the level to break low. Lets see...

ALSI 40 Index - Trading the South African All Share Index

Good call.

ALSI 40 Index - Trading the South African All Share Index

Sadly if you're LONG the strength is leaving this area...

ALSI 40 Index - Trading the South African All Share Index

OK excellent sign, market profile has fallen, this price now is the new value zone so its all 'reset'.

ALSI 40 Index - Trading the South African All Share Index

DAX: My latest LONG was @ 904. I REALLY want to see this move up again, the medium term bias has now begin to move long again for the afternoon...

ALSI 40 Index - Trading the South African All Share Index

Though this is about as low as I would want to see it go, its right at the 300EMA and needs to start to climb again. Soon.

ALSI 40 Index - Trading the South African All Share Index

DAX: This area now (903) is support so we might see another long setup. PiptheRipper if you're in it, don't panic yet.

ALSI 40 Index - Trading the South African All Share Index

UGH. +15. Still a nice trade.

ALSI 40 Index - Trading the South African All Share Index

Locked in a profit at 908 which will give me +15 on the ATR. Nice little trade so far.

ALSI 40 Index - Trading the South African All Share Index

If it now gets through 922 no reason it shouldn't go beyond todays highs. 919 and 922 are soft ceilings/resistance levels.

ALSI 40 Index - Trading the South African All Share Index

WATCH THIS LEVEL, it touched the 916 and slowed (as I said it would). I want it to climb through but won't give up a good +15 or so if it drops off suddenly.

ALSI 40 Index - Trading the South African All Share Index

Not a great deal of traffic between here and 916, so should be ok for a +20...maybe more.

ALSI 40 Index - Trading the South African All Share Index

Comfortable +10 now. Anyone in this trade with me?

ALSI 40 Index - Trading the South African All Share Index

DAX: LONG now at 893, this could be a really big run up.

ALSI 40 Index - Trading the South African All Share Index

Anyone looking for a LONG on the DAX is probably on the right side, despite the shorter term being bearish. The price just bounced off a MASSIVE area of support at 880, established about 10 days ago...

ALSI 40 Index - Trading the South African All Share Index