SOme Introduction first on this thread.
I'm a full time mid term trader looking for mid term trends anything from 2-3 weeks up to months if the trend holds out.
I use a set of quatitative tools analysing inter-market relationships (correlations) and money flow. I also superimpose the fundamentals
economic analysis to more fully understand what is going on. My analysis results in trades I think have the highest outcome of success.
So far my record is roughly 60% of my trades are profitable and profitable trades have roughly double the gain compared with losses on
losing trades. My tool of choice is IG Markets CFD which gives me access to almost all stock indices, forex and commodities. All my trades
are made with a fix cut loss (with occasional exceptions) and I trade almost anything so long as I think the risk/reward is favorable....including
penny stocks, blue chips and commodities.
For this thread I will update every morning my thoughts and analysis. and the outcome of so that people can follow easily.
I spent the morning buying 2nd liner stocks that have been sold off.
Now I'm interested in the HSI which fell -188pts (now 22935pts).
WHY? Are we not all suppose to PANIC?
Isn't the market having a LONG WAY MORE TO FALL?
The answer is NO. The market is very close to bouncing up although where I called the bottom for HSI, more than a week ago proved to be holding up as the HSI remain above that level despite general weakness.
BUT THE MARKET WILL SOON REBOUND. WHY?
Check this market :
www.tase.co.il
This is the Israeli stock market and it rose 1.4% yesterday. Why? The Israeli traders already got wind that the US impasse will end soon and sources say the mainstream media is not well informed.
My moves today :
1. Morning - BUY small caps and 2nd liners.
2. Noon - BUY HSI.
Market prove fearful. but I think people are missing OPPORTUNITY....some are even SHORTING the market, but it will prove to be their mistake.
8 Oct 2013
Yesterday's trade to buy HSI (now up 263pts) and small caps proved profitbale. Zero gains on the ODW & S&P as both close near where the futures market opened yesterday.
Still overal has been quite profitable.
8 Oct 2013
Yesterday's trade to buy HSI (now up 263pts) and small caps proved profitbale. Zero gains on the ODW & S&P as both close near where the futures market opened yesterday.
Still overal has been quite profitable.
11 Oct 2013
With the huge surge in Dow yesterday, most of my trades now are profitable
with the exception of Ezra, but expect some very sharp moves on this stock in the coming days if my sources proved right. So far my 2 trades to buy hsi and on trade to buy S&P futures are all doing very well. Expect t market to increase the upside momentum in the coming week