how do you see the dow index going today Dow Jones and S&P commentary: Signal Watch Dr Bob Hard Right Edge Raptor Research Charting by Snoball: Dow Chart S&P Chart Drinks & Break Time at: GD's Famous Tea Room & Watering Hole"

DOW JONES @ LIVECHARTS

jules,

Perhaps I shouldn't say this (as I don't use them) but you are no the first with
these kind of problems with cmc.

Re trading long and short. I've tried it with Finspreads.
If you have a trade going on an October future and you want
to hedge it on a retracement then you can bet the daily cash.
The current month future and daily cash on the Dow are not that far apart.
It is a useful strategy to lock in profit (or loss) until the market goes
your way again.

A point about Spreadbet spreads. Although there is no commission and the
spreads may seem reasonable, because the bet quotes are based on the futures
prices, their quotes are 'sqewed' in the direction of the market. Sometimes
by a lot of points. I'm talking about Indeces not stocks.
Being able to watch the futures prices is useful.
Basically when betting the Indeces you are trading the futures.

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

The Dow tested the 20 day low on the 29th Sept.
This indicates weakness until it breaks a new 20 day high.
Unless it rises above 9500.
Remember....check out the men in black.

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

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

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

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.

Zarif and snowball hello again...

Good news just closed ftse longs at 4264,,,nice...!

Just gone short DOW at 9608 -$30-p...ouch..have other shorts starting at 9358 should do good if it fell 250 points in next week or so...will keep going short evry 100 points from here that should even things out...

Closed DAX as well..small potatoes that one...
Closed RTR 16p profit....
MSY CLM ARM OPEN NOW...AR colt should start to move soon...now that data is good...

How about you guys..???

Which stocks are u shorting today...?
Plenty of buying interest in misys...

Jules99

i, like you, ready to take the leap into trading indices, going long/short of UK shares....how has your start been and what convinced you to make the jump? any tips on taking the plunge?

i've been following this thread for a cpl wks now - everyone so focused!

where else are you going for inspiration/courage?

Zarif/Snoball/et al - keep this thread going, it's great motivation.

cheers

tammy

Terod, I learnt EVRYTHING i know by following Zarif ans snowball...trust me 2 wks back never sniffed or payed attention, was researching and thnking of taking the Big risk...I've been lucky so far...

But try doing small potatoes first and that way it's easier on the nerves...


i.e $5 a point or less that way you dont sweat too much...not that u sweat ..lol..

I'm short till 9358 now...phewww!


Good Luck...

thanks jules99 - do you use grte'd stops or just sweat it!

i need a push over the edge.....i'm with e-trade at present and they do CFD's, i've cash in the bank....what was you v.first trade? if you don't mind my asking (that goes to you too, zarif/snowball). on DOW or FTSE? and why did you choose your lng or shrt - ie. was it just an educated guess or did you read something somewhere?

Also, are you glued to screen from open to close (i've 3 little 'darlings' who i ferry around) and although have some free/clear days without them it's often a case of one eye on them, one of the screen - TALK ABOUT STRESSSSSSSSSSS, do i really need to add to it - YES, if it's profitable!

thanks again,

t.

Terod:
Jules is too modest -She is clever and a very good learner,It is all her work and belief in what she does that has paid her dividends. Me,Snoball.Megabuks et al are just instruments it is her the Craftsperson that is in charge.
"As they say You have to break open a few Eggs to make an omelete" and that is the same analogy with doing the first step to trade.
I found that the footsie was too stagnant for me and dow has more volatility ( did you see the leap up by 60-80pts at 13.30gmt -Well that is when iwas glad that i had left the trade open without stoplosses. I usually trail the stop losses as the matket moves.
Play it small and learn with what u are comfortable with.Forget these 50/pts etc.
think of it as a game -and play
rgds
zarif

Terod:
Watch the market and it does not matter whether you take along or short in the beginning as long as you do a minimum /pt as soon as the trade is going wrong put another in the right way and close the ist one off before it makes ahefty loss etc.
Do paper trading etc: But things happen on the live trade even if its only 1p/pt etc

rgds
zarif

evening all,

short dow with tight s/loss

Hope you enjoy your evening and weekend:-)

Mega...

zarif

sound advice, thanks. i'll start next week. i'll keep tagging on this thread, if you all don't mind - with any luck, i'll have something useful/positive to add soon.

have a nice weekend.

kr.

terod.

The worst thing that could get DOW upto 10000 now would eb if Bin laden caught...but then eventually it would come down...


2 massive leap frog days need to be erased sometime next 1/2 weeks...Profit takers and US shorters will be going for the kill...

Jules99

gut feeling we are going down:-)

Mega...

like a lead balloon down we go :-)

Mega...

covered +32

Mega...

Mega: Jules:
Quite right - I think it will be a slippery slope - Any way i am ready for the ride all the way down>
Oh by the way didnot lose the dosh -did some jiggery pokery and stayed ahead with longs and shorts(small ones)n at heavy gearing _ in the green.
rgds
zarif