anyone out there palying the indexes and using spreadbetting
can we concentrate on:
djia
ftse100
cac40
dax

lets see what entry and exit signals we can come up with using
gann
rsi
to see if we can predict profitable trades and concentrate on stop losses etc
love to hear from you all
zarif

any day traders and spreadbetters out there giving their tips and analysis on the dow??
please respond so we can keep this going
rgds zarif

Been trying to daytrade both the FTSE and DJIA on IG Index spreadbetting. Im still learning the ropes just now. Using basic Tech Anal along with news and fundementals. I still need some decent software for my TA. Any suggestions would be welcome. For what its worth DJIA holds resistence and support at round numbers more often than not e.g. 9400/9500 have had quite a bit of success doing that. Markets difficult at the moment but short term buying on the dips on both the FTSE/DJIA will be my strategy.
Bob

hello zarif

i swing trade 'try some might say :)' SPX NDX using the spreads, i dont use much in the way of technical indicators to be honest (mainly sentiment) but im looking at the basics to help with entry points (trend/support/resistance breaks/SAR/ROC etc). At the moment were pretty extended on the sentiment front but it has eased over the last few weeks with prices still making gains. hmmm.

ive got the big number in the SPX at around 1015 which could be used as a pivot point.

just started to day trade EUR/USD using spreads at it seems to follow the spot pretty much to the point using (fibs/SAR/ROC). ive heard plenty complain about price skewing and worse on index/stock spreads which can make life very hard for a day trader. DYOR and all that

regards
fred

zarif, most daytraders are over in the Traders' Room...

Hi zarif,

I've just started using deal4free's training software and had an interesting day spreadbetting the DOW for monopoly money. End of day I was up 520 pounds (simulated) which I was pretty happy with considering I am just learning the ropes and was operating mostly on gut feel. Learned a lot about holding my nerve :-)

I've been share trading for a couple of months now so some of the graph patterns were looking familiar.

deal4free's software is excellent. The only other I've tried is E*Trade's CFD interface and I find d4f's easier to use.

Doug

We are all nebies to an extent as we dont know how and what the market is going to reveal.
please keep up the good work and ideas flowing.
can u suggest good sites for technical analysis etc and live data.

rgds zarif

Well, after losing several thousand dollars (simulated, I'm glad to say) this morning through random and careless trading, I actually applied some thought to the DOW after 3pm and picked up about $600, watching the trends and support levels and spotting the drop back from the peak.

Patience and nerve are certainly the essential ingredients of this game. I shall spend a fair bit more time practising before going in for real.

I get most of my information from this site. I've just upgraded to Level 2+ and the streaming graphs are very useful. For TA graphs I tend to use Yahoo. Their graphs are loads better than any other I've found, though the display can be a little buggy sometimes.

Doug

thanks doug, and as they say "if you fail to prepare then prepare to fail" Also regarding trading (money) I read somewhere that "If You eat like a bird then dont expect to shit like an elephant"
Also try freesoftware on trad2win site there are quite good links etc.
Also try e-signal demo and marketmaker -ithink is by deal4free fite.
thanks
rgds
zarif

MarketMaker is what I've been practising with. Very good bit of software, I'm quite impressed.

Thanks for the t2w tip. I hadn't come across that one before. It's amazing how much free information there is out there on the net.

Doug

hi doug,
the other site that is free and with tons of info is called
www.fillyaboots.com

give it a try and keepm your thoughts and ideas going on this thread
rgds
zarif

Why don't all of you stop following the 'Muppet's Index' i.e. the Dow Jones and start following a real trader's index like the S+P or the Nasdaq Composite ??

As for not using technicals and concentrating on sentiment indicators, I'd add bulletin boards and chat rooms to the list of indicators worth following - just do the opposite once everyone is an expert as to why it's going up/down !

All the above sites look ok although get a bit fed up with all the adverts all over the place !

Magician,
It's rare to get a consencus on a BB.
Having said that the number of bears on
the US Traders thread is amazing considering
the direction of the Dow & S&P so your hypothesis
has a lot going for it.

magician:
can you give ideas as to where can get good ( free sites) to get Ta analysis etc. AND you are quite right in your comments as we all at timesw conform to "herd mentality"
rgds zarif

zarif


heres some to get started on the sentiment side.

www.sentiment.com


this long term II chart may be of interest.

http://www.decisionpoint.com/dp_news/030619_News.html



and here a usefull reference for the tech basics(said through clenched teeth! ;)

http://www.equis.com/Education/TAAZ/?page=6

http://www.incrediblecharts.com/index.htm (well worth a look for example trades) etc



DOW! Muppet index!! thats far to kind!! an instrument for wall street to shaft joe schmoe at every given may be closer. ;)



Make way make way for mighty DOWWWW... keeps on going up but feck knows HOWWWW!! :>

fredbear,
thanking you for the links that u gave me. very helpful
thanks again
zarif

Hi Zarif !

In my experience you get what you pay for ! I've found that on a lot of the free sites the info's not actually that helpful or too vague etc.

For TA I'd start with the charting package on E-trade's system - it's a reasonably basic system - if u want something a bit more advanced then ESignal seems to cover most things. As for financial sites there are tons out there, but most are #### ! 1 i've found useful over time is the harry hindsight service - it's not a tip site - they trade their own money - that's what i like ie not just sitting there spouting crap ! Site has good technical levels and analysis of what's going on. Think they still run a free trial then u have to pay monthly. Having said that - they've saved my skin a few times now so don't mind paying.

M.

dear M,
can u give me the URl for the harry hindsight service.
rgds zarif

yes zarif - is www.harryhindsight.com

M.

hi, anybody out there use the betting company called spreadex financial. please let me know your views and any other companies that are good value for money and service.
by the way how is dow going to perform today????

rgds
zarif

Hi Zarif/Magician/FredBear....

Site info useful...thanks very much, will check them out ltr, I cant help you on your question Zarif, but maybe someone can tell me marks OUTOF/10 for CFD BROKERS...

IFX
CMC
ING

Can you tell me from your experience who gives best service overall and prices IYOH...much appreciated ..

Jules99.

jules99
good morning,
great idea let us add a few more to the list and divide them into cfd and spread betting firms and then give them marks out of ten.

company: COMMENT: MARKS:CFD MARKS : SB NOTE:
IGINDEX GOOD SERVICE 7 4 VERY HEAVY ON SPREAD MARGIN
SPREADEX MICKEY MOUSE 2 2 CAN DO 1P NET TO TRY POSITION

RGDS
ZARIF

NB: SEND ANY USEFUL SITES ETC

The market is bullish.

Check this out The bullish percent Index: http://stockcharts.com/def/servlet/SC.web?c=$BPNYA,uu[h,a]daclyyay[pb5][vc60][iLl14]&pref=G

The Dow broke above the 55 day high yesterday.

snoball:
brilliant information and i think that you must put the site address for all
the newbies and oldies to bookmark for charts etc. I have not done it as it is yours to give them.

thanks again
rgds
zarif

I find the Charles Schwab Europe site quite useful for TA. The charts are a little small but you can display multiple indicators and shares on the same graph. There is also a basic glossary of all the indicators which gives you the theory behind their use.

www.schwab-worldwide.com/europe

Rich

richstuch:
very good site and informative

also try

sardines plaice.com

rgds
zarif

another great site which has interactive tutorials ,signal generators etc and is giving 30days free trial. I just checked it out looks very very good

www.tradingsolutions.com

go for it and get the free down load as it has got tutorials etc on it

rgds
zarif

Thanks for info again..

zarif also try this US site for news...

http://bigcharts.marketwatch.com/

cheers.

Jules99.

dow falling like a rocket at open
can u suggest what it will go down to about b 4 heading north
good luck all and put all the witches at the stake
rgds
zarif

ftse closed in -ve territory
I reckon ( or hope) that the dow sheds about 100pts then i can hit the town.
What are your envisaged high and low points for dow???
rgds

zarif

Monday is here and so are we. What do you reckon dow is going to do? I think/hope that it will take a venture southbound first then go northbound.
rgds
zarif

dow and footsie going southbound today before going north. can u suggest any levels. top and bottom
rgds
zarif

any news at all as to where we are going except bust

rgds
zarif

Zarif,

are you looking to do this full time now, or everynow and again...sorry if that sounds like intrusion, it's just that Im thinking of taking it to next levl in few weeks time, need time to look at all pro/cons...and feasibility. Never traded index's but with enough experience and knowledge I may follow suite at some point...

ta.

Jules99.

Hi Jules
It is no intrusion at all.
I have decided to do it full time and am going to get as much practical experience and advise and help (inc tips that i can).This includes going to seminars (real ones not those Russ whitney and vince stanzionne types) and collaborating with traders online.

Also am not going to go crazy with the amounts of dosh that i stake. Must play it as astrategy game that no matter what the outcome is the whole pot is not gone.

Let me know if there is any seminars going on.I am in Chester, Cheshire.

There is a very good one that iwent to in Bredbury nr stockport By a Fred Stafford who Is to do with Gann Management (Gann levels etc) and it was free including superb lunches and there was no high pressure salesmanship either.

Thir email is: info@gann.co.uk and they have these seminars/workshops in cheshire and london


best of rgds
zarif

Zarif,

Thanks for info..every little helps, just sent for the video...will try and attend Nov 13th Presentation in harrogate this time.

ta.

Jules99.

hello and goodmorning to all

The dow was down and stagnant yesterday.
I think today it will see a retracement towards the 94hunderds levels.What are your views.???

rgds
zarif


nb: you are welcome jules.
Also there is a webite which is quite good.

www.trade2win.co.uk
check it out

how are we doing on the dow today.
it took quite a downer at first. how do you think it is going to play it out today.

rgds
zarif

What does the dow hold in store for us today???
I reckon we are going to be travelling norhbound today - so hold onto your seats for take off
rgds
zarif

Afternoon everyone:
An intersting article that i came across on my sorties in cyberspace.

Re: The 50% retracement article for the dow:

That level represents the half-way point between the all-time high of 11,722 reached by the Dow ($INDU: news, chart, profile) and its low last year of 7,286. The blue-chip average has been hovering around this level for several weeks now, closing modestly above it on some occasions and below it on others before ending Tuesday's action at 9,576.

As Jack Adamo of Jack Adamo's Insiders Plus newsletter put it recently: "According to Dow Theory, when a bear market rally makes up more than half the decline from the previous top, it is more likely to test the old high than the old low. Obviously then, that halfway mark is an important juncture."

Richard Russell, editor of Dow Theory Letters, adds: "I'm interested to see whether the Dow can pull up and away from 9,504, or whether 9,504 will act as a 'magnet,' and in the end be too much for the Dow to overcome."

I nevertheless have my reservations about this 50 percent retracement principle, for several reasons.

First, it's not clear that either Charles Dow, for whom the Theory is named, or William Peter Hamilton, who spelled out and interpreted the Theory in a series of Wall Street Journal editorials in the first three decades of the last century, ever mentioned this principle.

That's according to Bill James, a Sacramento-based investor and author who has devoted much of his life to studying the Dow Theory. James has been working on a book about the Dow Theory for 20 years, and not only has he not found any reference in Dow's or Hamilton's writings to such a principle, he believes that they would have "quickly discarded" it as being "too much in conflict" with the rest of their Theory.

Apparently, the 50 percent principle was instead introduced by E. George Schaefer, who published a newsletter in the middle years of the last century by the name of Dow Theory Trader.

On one level, of course, it shouldn't matter whether this principle is or isn't part of the Dow Theory. The key question is whether it is a helpful market-timing tool. And I'll get to that in a minute.

But it is important to be clear and precise about what any theory entails, for without that precision it becomes difficult, if not impossible, to judge its effectiveness in a scientific way. For example, if someone told you that the Dow Theory has a poor track record, you wouldn't know whether the Theory that was tracked included the 50 percent principle or not.

All in the interpretation

In any case, the key question is whether the 50 percent principle is effective. Answering this is not as straightforward as you might imagine, however. It depends crucially on how it is interpreted.

For example, Adamo's formulation of the 50 percent principle is true, but only trivially so. Even if the stock market's movements were entirely random, the 50 percent principle would still appear to be true.

After all, if I'm closer to the market's high than to its low, which would be the case once it has retraced 50 percent of the previous bear market, random volatility alone would make it more likely that the market sooner makes it back to that high before making it back to that low.

To study the effectiveness of the 50 percent retracement principle, I therefore measured the stock market's performance following periods in which it had retraced 50 percent of a previous decline. If the principle is in fact useful, then the market should have performed better following such periods than following other bear market periods when it had failed to retrace 50 percent of its decline.

Here's how I designed my study:

First, I identified the 18 major bull market tops that occurred between 1896, when the Dow was created, and today.

Then for each of these market tops, I identified the first date thereafter at which the market had declined by 10 percent. I examined all trade days from then until the market subsequently surpassed its previous top.

Next, I segregated all these dates into two categories. The first contained those on which the Dow Industrials had retraced at least 50 percent of the decline from its previous top; the second contained all others.

For all dates in both categories, I measured the Dow's performance over subsequent periods lasting three, six and 12 months.

What I found was that the market performed almost exactly the same regardless of whether the 50 percent retracement principle had been satisfied.

On average, over the three months following trade dates that satisfied the 50 percent principle, the Dow gained 1.0 percent. Over the three months following trade dates that did not satisfy that principle, the blue-chip barometer on average gained 1.3 percent.

Though this difference is not statistically significant, notice that the market actually performed better following periods in which the 50 percent principle was not satisfied.

Consider next the difference over the subsequent six months. On average following periods in which the principle was satisfied, the Dow gained an average of 2.4 percent, as compared to 2.7 percent following periods in which the principle wasn't satisfied. This again is not statistically significant.

And over the subsequent 12 months, the average gain was identical for dates in both categories: 6.1 percent.

To be sure, my particular formulation of the 50 percent principle is not the only way of interpreting it. But the results of my study suggest that it may not be as effective a market-timing tool as many consider it to be.

And that, in turn, suggests that the 9,504 level may not be all that significant after all.

where is everybody today?

Probably on the Dow thread, zarif.
That is a long article and what with the amount
of red wine I have drunk too difficult to interpret.

Wine - The best invention / disdcovery by mankind
The only friend that is at our side at all times - happy, sad etc and never complains and "the liver is the most forgiving organ in the human body!!!"

rgds
zarif
happy trading

Hopefully it is going to be a LONG LONG DAY tomorrow
rgds
zarif

Dow on a downer again after kodak news.
Are we on Shorts again today????

rgds
zarif

Snoball, megabucks, jules99 and everyone look at this:

Buy Kleeneze at 150p or below.

Current mid price: 136p
bid/offer: 132/140
stop loss: 120
Limit buy: 150
Sector:retail
Target : 190
market cap: 64million
Epic Code: KLZ

What do you think?

rgds
zarif

I wish the Kleeneze rep would pick up his catalogue.
It's been there for days.

SNOBALL:
very true but them being a christmas club/hampers -their subsidary farepak will deliver atleast 45000 hampers (xmas puddings) this year.kleeneze distributors knock on 100m front doors each year.(17000distributors)
This is not the most actively traded stock in the market hence the target of 190 and limit buy at 150p or less.

by the way back to our main trade on dow??
how are they going.??
rgds
zarif

Found support at 9390.
Just breaking out above 9420.
Fed have pumped 7 Bn (net) into it today.
They won't let it go without a fight.

lucky break yesterday as i had closed all the longs and was just about to do some more when it took a nose dive and i chased it with shorts and closed them outaswell.Today am just looking at the screen and waiting.

By the way guys what no of points do you put your stop losses at and if you dont mind what /pts do you go for etc

rgds
zarif

Dow Jones - Key levels & Trends 26 September 2003


Support breached

The Dow Jones had been up before it moved sharply lower at the close ending the session down 82 points at 9,344 and just a fraction above the long term Fibonacci support at 9,336.
Most importantly the index moved down through the support line and should the Fibonacci just below give way we're most likely heading for 9,000.

Resistance is 9,467 (the lower old support line) and then the upper resistance at 9,671.

Don't trust that Fibonacci. Seems like magic.
JuJu talk, just like that wave stuff.
Works very well AFTER the event.
Besides, who can understand and calculate it on the fly?

Watch the price!!

Snoball:
The dow took a good dive last week and the footsie being around 4150-4175,What are your feelings for monday and the week. I think that it is going to ( the dow) fall to around 9100-9160 if the footsie doesniot recover.

Btw Fibronacci,ellion,gann -forget them as u say they are alright after the event best to follow the price and trust your instinct at times and u can see alot more happening in front of your eyes and react much faster than looking at charts all the time.

best rgds
zarif

I didn't say don't look at charts, zarif.
I just prefer price related indicators.

I'm guessing some upside tomorrow. But only a guess.

Snoball: I know what u meant -no offence taken
Your views good/bad are all appreciated -We can all learn from each other:


Hello everybody
Its Monday again and waiting for the Wall st to open in an hour (1400gmt).What do u think we have in store today. I think it will be volatile to say the least and if we look at the prices both long and shorts (hold them briefly )WAtch the PRICES -its possible to make money. Also because it being the end qtr today -likely to have an upward shift.

Let me know _ ps I have taken some anaesthetic in that it does not hit me that hard

rgds zarif

Brief summary from my travels:

Dow lost 30.88 points to close at 9,313.08. Dow's 14-Day Relative strength Index (RSI) is:41.72 and trending down. Dow is trading below 13-Day (9493), below 50-Day (9357), above 200-Day (8690) Moving Averages. Dow is trading with negative momentum. Dow's resistance levels are: 9429, 9550, 9699. Dow's support levels are: 9196, 9079, 8976.

Type High Low
52-Week 9,686.08 7,416.64
60-Day 9,686.08 8,997.11
21-Day 9,686.08 9,303.82

rgds
zarif

Ps: try a website gives 2 weeks free trial_ no credit cards needed.
www.sixer.com
let me know what u think of it

Zarif, what is the typical/average contract size that traders trade on an index, I suppose the minimum is 1 per point move? and max 1000 per point?

To test the water I did my first dow contracts ...

5 pound a point contract at 9336 followed by 10 pound a point contract...from 9342...

Up so far....it's quite a rush at first, especially as it moves lightening speeds, stops you walking away...

Your not bold Zarif...? lol...could easily lose ones hair at times...lol..

Jules99:
To answer your question i would say this:
a): depending on the company you can put 1p/pt to say 1000 per point -but I dont think it would be wise to do 1000 per point unless u have won the lottery and cghances are u could lose it in one swoop.!!!
Some companies allow 2/pt as minimum.
b): I always open a bet with 2/pt and if my decision is right then i will put my normal size at 15-18/pt. I dont wait for it to make me loads as soon as i am comfortable with the amount gained i will close it even if it then goes( and more often it does) to show a greater gain after closing.
c):Think of it as a game and never risk your whole pot.
d): stick to your stop losses (adjust them etc accordingly) to lock in your profits.
e)be prepared to take small losses dont let the trade carry on especially if it is going against you or u will end up losing a lot more and your profgits financing your losses.

you have to watch the dow as it is volatile and hence the risk/reward ratio is there.They say when in DOW you WillEither Say WOW or OWW!!!!

rgds
zarif

I like that last comment...so far doing ok...:-)

At this stage 5-15 a point suits me fine, so when the market does go against it's not a huge loss...also using CMC CFD's a/c they always quote a 5 point spread, is is normal...or should it be 4 point spread?


When the DOW closes up tday...it normally has a high % chance of positive effect on the S E asian markets right...You know what I'm thinking today...

what are thoughts...

jules99

5 point spread is the norm on the dow with cmc....

Mega...

Megs.
thats fine I can live with that...I guess chips I'll have to do without...at 5 pound a point I'll order half a pizza tnite..


Ta.
Jules99

..nas is up as expected on semi conductor sector positive outlook...how do u see dow finishing from here? think it will hit 9295+ today b4 close...

ta.
jules99..

todays low so far, 9293.
nice call jules.
hope you took your profit.

what time (Uk) does dow close..9.30 or 10.00?

9.00 I got it..

snoball...I'm laughing as I Write this thought I made..450.00 quid...selling out at 9370...but..

Doh it's the DOW so it's in dollars..! equates to 271 pounds...oh well...enjoyed the thrill of it...

must do it again sometime...

:-)

HEllo everyone:
The dow managed to scalp both on the longs and shorts yesterday(29/9/2003).So what are we going to do today. I think it is going to head south. On my browing i found the www.sixer.com site quoting a high %ctage of bulls on the dow for today.What are your opinions???

rgds to all
zarif.

Ps: jules99 - welldone on the dow yesterday, I was pretty certain you would get past the 9350 mark.

Levels to watch for in Tuesdays trading:


Dow Jones Industrial Average (INDU) support at 9200; resistance at 9758


S&P 500 (SPX) support at 995; resistance at 1050


Nasdaq Composite (COMP) support at 1780; resistance at 1950

Jules: Megabucks: Snoball:
I hope u are all shorting like mad and not in the longs at present. What a nosedive. I had 2 shorts and collected 114pts at 15/pt and 80pts at 12/pt. Now I am just looking at the screen and anaestehetised myself with my best freinds Chivas And Haigh.
Good luck
rgds
zarif

jules:
I have gone long at 9195 Dec Dow at 15/pt and it is at 9246 as i write at gmt 16.42 (14.00 eastern time usa 2pm) and i think it is going to have a lot more upside and am waiting.

Jules Are you Trading the Daily Dow WHich Expires at end of day trade (9pm), which can be costly at times when the market is uncertain.
You can trade the following month eg#: october november or december and hence giving more time for the trade to mature in case it doesnot happen on the day you can carry on.

let me know and happy hunting
rgds
zarif

That was nicely done zarif.
Way to go.

chaps..
just closed out at long from 9261 - closed out at 9335...

:-)

zarif...I dont have to close out per day, as I trade CFD's...

j99,

very well done....

Mega...

Snoball/mega/zarif...I'm learning from you guys...

Do u follow dow on a real time chart...and which website intra day is best for analysis?

j99,

do you use stop losses on the dow?

Mega...

megB, this is my second day on the indices,,,was about to today as I was out...in the end went in my favour...I an only doing $5/10 A point which with margin I am able to cover , with the market at prsent it could go 200 either way...before a recovery intraday at some point...

Monitoring at present gone long again $5 a point from 9320...I'm looking to make..between 100-450 from each hold...which suits me fine at the moment...if in the last hour market closes above 3320 say 3340 I may leave open, in case it opens on a positive note tmor...

I learnt today not to become too freindly or emotionally attached with indices...if theres a profit and u want it then bank it...tomorrows another day to jump in..

ta.

Jules99.

jules,

most of the move down today was due to the futures falling overnight.
if you don't have a stop loss on overnight you could get royally banjaxed.
be careful and keep up the good work.

Mega Bucks gave us a real time Dow link either on here on the Dow thread
a few days ago.
If I find it I will post it here later.

Royally banjaxd...I like that...lol..

Just gone long again $5 apoint from 9283 to hopefully cover and close the earlier position to 9320. hopefully it gets to 9310+ in which case it's still a profit...

How do think ftse will open am positive ?...and also the DAX...?

and what are the point levels to watch?

jules,

here is the Real Time Dow (and others)

I hesitate to suggest any levels. You're doing alright on your own. :-)

snoball that is excellent..!!!!!!!

thank you very much...

jules99

jules99

Re dow real time link
please note do not investigate the site to much or be nosey it was cut and pasted to me from some one i was warned,just use it as that page.....no there are no virus,s or nasties just something a woman should not see....:-)

You have been warned....

Mega..

I bet you have a peep:-)

MegaB...funny I clicked earlier on quotes and this ad came up...with yes/no...clicked NO...of course, in fact gettin tired of pop ups lately...now that you mentioned it tried to check out the other, nice joke...

THE SITE MAP...my ass what site map..!

lol..

Jules 99.

J99

when you get the chart up set the time to 1 minute and you should be ok....

Hope it is of some help ...

Rick...

Ended day with 2 long positions at $5- 9283 and $5-9320 hopefully DOW is positive on opening tmorrow...9350 would be good be atreat again...

I think I will keep all indice trading at these leveles until I find some kind of method or strategy.

On CFD's have nevr done a shorting as yet..in my life...I hope the day I do that it is with good precision...

may try it tmorr on DOW if it reaches 9350...though one never knows...


Signal watch is also a good site...

Ta.

Jules99.

off to bed just got back from the gym..
see you all tomorrow...

Rick...

morning all...hoping to see dow start strong...

trading range today...any thoughts...?

jules99

DOW futures Expected to open UP :-))))

hope 9350 is hit intra day...after which may go short or watch...

Excellent start to day...$ 10 up from 9283 and 9323...DOW 9335 now...

could turn out a good day overall..

Do you know how the Dow is calculated ? If so, I doubt you would bother trading it ... why don't you look at something like the S+P ? Either hedge funds are stupid or just know something you guys don't !

Regards,

M.

if it makes u happy...

Dear Magician:
Many thanks your comment regarding the dow. Why Do you think that the dow is a"muppets" index and give us your reasons for not trading it. I find it quite good and volatile enough to trade compared to the likes of Ftse which is too docile for me.
Your suggestion of trading the SP500 - Okay give us your suggested entry and exit levels and what are its volatility and motility (momentum)?? I always thought s+p and Nasdaq trailed with the DJia.
Anyway we have an open mind to all trades and are in it to make money and have fun at the same time and "dont fall in love with any share or index".
Look forward to hearing from you.
Ps: are you Spreadbetting or Cfd Man.

rgds

zarif

Hi everybody,
Just closed the long from yesterday and taken out some shorts. I think shall fulfill both before the day is out as we had quite a down slide yesterday. Also this is the end of the 3rd qtr and beginning of the 4th qtr so be careful with your trades and watch the stoplosses etc. Generally if Sept was a good month then Oct seems to be a downer especialy in the opening weeks. So my personal scheme is Shorts will be the main operatives.
rgds
to all

well done jules I am sure u shall be giving us advise soon.
Ps the link on the live chart by megabucks is the best that i have come across so far.

rgds
zarif

Zarif...Hi...been a hell of a day...

Been a good day today, closed 10conrts of my ftse long contracts which I mis calculated yesterday...at 4158...kept 5 pounds long from 4158...

DOW longs closed and gone short at 4359 at $10-P ($10 a point), have a feeling it may close around 4330 or drop back there or finish at 4380...any thoughts?

Still learning though...

where have you gone short from?

Jules99.

I Just closed a Long at 9360 - a 100pt gain at 15/pt. I have tagen a short from 9363 DEC DOW and now going to wait. I usually find that in the frequency of trades make more money in shorting than on longs. You are quite right what goes up must come down - unless it flies and sometimes the market does give us a kick in our egos.


jules remember bank as much money as you can and dont get greedy if you are happy with what you have in front of you take it and stay in cash as at the end of the day CASH IS KING.

best of luck in trading.
rgds
zarif


Jules I am mainly a SB man -can you give me an insight and a crash resume in cfds.
eg: How much money do you need to open ann account etc???

ZARIF,

Just started on CFD a week ago, been doing a lot reserach into them..go to htpp://www.cmcplc.com/cfd/index.asp

for an insight... allows you to trade on margin...very high risk if you do not know how to money manage...or understand derivatives

My a/c is small, but is more than enough for my purposes...

As I write I think Dow just going Sideways at 9395-9405...Boring...!!!

Open positions now are DAX- long from 9325 - that was a mistake yesterday...Wont be trading DAX again...weird one...thankfully came up today,,,

FTSE long 5 pound-P from 4159...+10...will close out a/m...

DOW 2 shorts in place now...9359 - 9383 which I dont see a major problem...

Ta.
Jules99

Jules:
Re:CMC
If you are getting shoddy service then My opinion is dont wait amonth give them a kick in the Bullocks and get another company that can perform -it is stressful enough watching the trades instead of having to worry about if these idiots have got it right in the first place

rgds
zarif

Are y0ou long or short today???
I have got 1 long open and 2 shorts cghasing each other? I think it is going to take a nose dive today - Atleast i hope for mysake -Xstal Ball What thou sees today????

rgds
zarif

How are we all doing today?? Any things to watch out for round the corner?? any skeletons in the cupboard?? WWhat are the key levels we should watch today??

rgds
zarif

I think there are probably some, in and out of the cupboard, zarif.
i'll tell you what i heard if you tell me what you heard. :-)

Hello Snoball:

I Closed the Long off at 9476 ( gain 80pts @10/pt) and the 2 shorts one opening at 9439 and 9460 close both at 9400 -- 99 pt @ 10/pt: So i think the skeletons in the cupboard can rattle. But I have agut feeling that tomorrow it will take a nose dive with the jobless figures coming out???
What do u reckon and what do u want to tell me besides to get lost

rgds
zarif

Jules99: Snoball: Megabucks et al:

Just read below what i came across while trawling the net.Be careful of deal4free:


Deal4Free just took 800 out of my account and won't answer the phone?!!
Hey everyone

I can't believe what happened earlier on. My account with Deal4free has dropped from 800-odd quid down to 6.81, and I didn't even have a bet open!!!

What is going on here?! Anyone else had this problem?

I phone Deal4free and they said it was a 'software problem' (after having tried about four times and having them hang up on me). Naturally I was worried that they had gone bust and were shifting the money over to Tel Aviv or something...Apparently not...But I still haven't got the money back in my account yet.

They've admitted that the amount I specified should be in there, but the action hasn't been completed yet. Dodgy or what? I didn't go furious with them, but that is highly irregular. I'm surprised nobody else has posted about this today...


__________________
bmansfield

just got in...got frusyrated with pc...running too slow...cant find temp file...

Buying apple Mac, windows getting boot.. next month......huff..huff..huff....


I'm glad dow finished positive...morning FTSE stocks will power ahead, allowing me take a higher profits...ARM and COLT, reuters should again fly tmorr early.

regs to index's

FTSE -Long from 4158 and 4196 -
Pleased to see it finish 4209 - 4235/40 is goal.

DOW - short from 9465 -I agree dow will dive at some point on profit take
back to 9350 at least intraday before second attempt to rise....

DAX- long from 3330 -was mistake- small potatoes at stake but u learn...such a boring index to follow...

Afternoon everybody:
My prediction from the crystal ball is that Dow is going to inch up and than (hopefully) with the jobless figures and farmers figures come in should take a nose dive -around 9230 would be a great weekend
rgds
zarif

Nice work on those shorts yesterday zarif.
I have absolutely no idea what the Dow will do today.

Maybe it will drop on Monday, so I heard.

My god did you see the dow spike up about 60-80pts at 13.30gmt _ guys be very careful today as that can eat us up in one swoop. I am down 3000 at present.
13.59hrs currently up 132 pts around 9622:

arif

wot, no stop, zarif?
You've been banjaxed by the Dow. I hate it when that happens.
The FTSE rocketed as well.

Zarif u'll be fine...I mean come on its up 195+18+ 133= BUSH couldn't add up, otherwise he'd be with CMC...thats 346...will be next week though..I think..

Jules99.

Jules
I am alright as I had not put stop losses on and was just watching the screen when it spiked up.I had 2 shorts opening at 9439 10/pt and 9415 at 5/pt.
I had a long at 2/pt opening at 9430: Any way After that i opened 2 more shorters from the 9600 and 9590 and am waiting:
As we say what goes up must come down -unless it can fly
Re: dax - I think u are right its lousy: try the cac40 or the Mib??

rgds
zarif

Hows trick today any updates etc???
rgds
zarif

Have got an hr left here, as I hve a train to catch...back sunday, going leeds to visit...

Update tonite chaps...short from 9651...madness right now...195 +18 +190 at one stage I thnk....madness...

Its lost the plot...catch it while u can...

I would probably take the long good run..and cash is king...

cash in bank...I closed a great FTse tday..

No more shorts now unless it hits 9800 next week...which I doubt...think it will close lower around 9610...

snowball email u when im bck on sunday..just a mad week, this week..

Jules99.

"Happy to meet- Sorry to Part -Happy to meet again on Monday "


Goodnight & God Bless to all
rgds
zarif

GoodMorning:
Its monday are we are going to do it all again!!!
What are your views for today????
rgds
zarif

Hello everybody:
Hope you all had a good weekend.
What are you views on the dow today???
I reckon we should see a trip southbound and have got my shorts ready and hand on the trigger.
rgds
zarif

Hi Zarif, been wondering when you would appear. Just in time for the Dow eh?
I have been reading your posts with interest recently. I'm fairly new to SB but I like to trade the Dow quaterly futures. Looks like they are drifting lower today but with no real direction.Unfortunately I can't stick around today but good luck to you. I like your style.

hi zarif..hope all is well...well it appears the dow is heading south as I write and eat...

9551...

Will have to check resistance levels , would personally like to see it drop to 9370 - 9400 at some some point near term...intra-day for our selfish needs and yours...I take it your short...?

Jules99.

dow partially negative, but above the 9550 teritory and under 9600...below 9550 woul spark a sell and furthermore at 9525...yet to be seen ...

where is everyone today?

Harlosh:
Nice to have you on board and as they the more the merrier.
Whatever your comments tips analysis etc is welcome as we are all learning from each other and better to see everyones perspective as sometimes we all suffer from tunnel vision and only see what we want to see.
rgds
zarif

Jules:
Good evening.
I mangaged to close some shorts at 9504 and have left others running trailing each other. you are quite right what goes up must come down -hopefully quick.
As they say another day -our dollars

ps: for resistance levels what Ta/analysis are you using???

rgds
zarif

Snoball: Megabukcks:terod
where are you all.Dont forget dont go to bed with a bad position.
rgds to all
zarif

zarif,

how you doing,have been out to the gym tonight so have given the dow a miss...

I think the ftse is due for a rise tomorrow on the back of the dow so should have some fun:-)

Tech stocks are looking healthy after hours so will keep an eye on arm ctm:-)

still long arm lgen ctm cna fpt.....possible short on rtr

Take care and may pop back in later if not in the morning...

Mega...

hello everybody:
Are we ready for our battle with the Dow today????
Philosophical start to the day today with the following lines by Sun Tzu:

THE GENERAL WHO WINS A BATTLE MAKES CALCULATIONS IN HIS TEMPLE BEFORE
THE BATTLE IS FOUGHT.
THE GENERAL WHO LOSES A BATTLE MAKES BUT A FEW CALCULATIONS BEFOREHAND.THUS
DO MANY CALCULATIONS LEAD TO VICTORY AND FEW CALCULATIONS TO DEFEAT.

Good morning to you all

rgds
zarif

It would help if we could all stick to one thread, zarif.
just posted on Dow thread.

morning all...

...btw..posted my email...

Big Bears battle ahead...

Jules99

zarif....tend to agree with snoball, i would be nice catching up on one thread - suggest the DOW one.

JULES99 - you seem to be doing very well, considering you're a self-confessed 'newcomer'. well done!

t.

To: all the people who are participating:

Yes - Agreed with the idea from this very instant we only post our messages, ideas etc on :
THE DOW THREAD

and discontinue the other two

rgds

zarif

To: all the people who are participating:

Yes - Agreed with the idea from this very instant we only post our messages, ideas etc on :
THE DOW jones index THREAD

and discontinue the other two

rgds

zarif