Sharesmagazine
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Share Price   Awards   Market Scan   Videos   Broker Notes   Director Deals   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Indices   Forward Diary   Forex Prices   Shares Magazine   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Comparison Tables   Spread Betting 
You are NOT currently logged in
 
Register now or login to post to this thread.

ASK a trading question! (ASK)     

Crocodile - 12 Sep 2003 23:06

We have lots of experienced traders on MoneyAM who would be glad to help if you have any trading questions.

Crocodile - 09 Oct 2003 22:02 - 132 of 460

Washlander
Big question!
On daytrading I use constant re evaluation. If I no longer would take out the position I close it even if it has not moved! IE a sudden change in the direction of the FTSE or perhaps the Level 2 order book starts to look dangerous. A very cautious approach but it works for me.
On my longer term trading I stay with a share as long as it remains within its channel / trend or it does a 123 movement on the chart which signals a close.
Of course you could use a moving stop loss to achieve a similar result. But I feel this method gives better results as it keeps you in winning positions longer
D.

superrod - 10 Oct 2003 19:49 - 133 of 460

sorry if this has been asked before BUT

how come when i watch SETS stocks, very small AT trades move the price, but relatively large trades ( i presume through mms ) seem to have little or no effect?

excellent thread btw
keep it near the top, i was lucky to find it.

washlander - 11 Oct 2003 08:20 - 134 of 460

Hi Croc,
Thanks for the info, this is Washlander's wife, Liz. What do you mean by a 123 movement on the chart etc..
L.

Crocodile - 11 Oct 2003 10:20 - 135 of 460

123chart.jpg

Hi Liz Washlander

This is 123 analysis, the 123 is the triangle formation as can be seen on the chart above.

The number 3 point when it drops below the 1 signals a SELL and of course  If I was long I would close or go short.

On a rising trend the opposite is true.

Crocodile - 11 Oct 2003 10:45 - 136 of 460

Pirana.gif

 

 

Superrod have you got Level2?

In the L2 example the real power is with the 600 trade BOT (See BOTS) order above.

Every time it is filled it is automatically replaced by another of a similar size.

So although small it has enormous power.

It is filled approx every 5 minutes so

600 share * 12 times and hour * 8 hours a day * 5 days a week * 4 times a month. = 1, 152,000 shares

So these small trades can have far more power than you think!

 

haines - 11 Oct 2003 12:02 - 137 of 460

Can anyone advise me where I can find old charts with intraday movements. I want to back test some theories but can only view the last 16 days and thats with Deal4free

Thanks in advance
Mike

superrod - 11 Oct 2003 12:03 - 138 of 460

crocodile,
thanks for that, i just wish i had more time ( and shares ) to make L2 a viable investment.
keep up the good work
and a good weekend to all.

terod - 11 Oct 2003 12:07 - 139 of 460

crocodile

as you've a wealth of information at your fingertips....

please can you direct me to where i can see previous DOW intraday charts, say for the last 3 months (tall oder to sift through perhaps but it's the one area i'd like to head, ie start trading, but would like to get a feel for how it moves.

also, is there anybody who offers a good Level2 introductory session (not too basic as i've lots of bitty knowledge).

thanks.

t.

Crocodile - 11 Oct 2003 12:26 - 140 of 460

haines, terod.
Yes I would like historic intraday charts as well for some analysis I am doing. Anyone else have any ideas?

Terod
Yes there are many courses thats cover Level2. I myself do with Global Markets Training in London http://www.glomtc.com/
And one the North of England http://www.ftsedow.com/bigtrain.htm
Ther are a few others as well advertised in shares mags.

Mega Bucks - 11 Oct 2003 12:50 - 141 of 460

http://www.ftsedow.com/bigtrain.htm


The above course comes highly recommended as i have been on it :-)

trouble is cant remember who took it i think it was some bald headed guy called croc or something like that:-)

Mega...

terod - 11 Oct 2003 13:03 - 142 of 460

well, sounds good to me.....when's the next training session! London please.
I'll check the link in case the info's there.


washlander - 11 Oct 2003 17:36 - 143 of 460

I and my wife will have some of the London one please.
my email is
ian.power@onetel.net

Crocodile - 11 Oct 2003 17:44 - 144 of 460

Washlander
Passed on your request to Mike!
Look forward to seeing you
David

washlander - 11 Oct 2003 17:52 - 145 of 460

Thanks croc

Bullshare - 13 Oct 2003 10:46 - 146 of 460

washlander/terod. If you want a London based course have a look at www.glomtc.com. You will see we do a three day course. Or you can take the course in individual days.

Day 1 : Charting (with Limpsfield Chartist
Day 2: Short Term trading (with me)
Day 3: Live workshop (with Crocodile)


regards

mike

terod - 13 Oct 2003 10:55 - 147 of 460

BULLSHARE - thanks, have had a look and will get myself on the 3-day course.

Btw....i'm holding ISYS at present got 12k of them still from last week which is was unable to close on friday for various reasons. i saw the news in the paper on sunday and thought today would see a nice rise.

it's up 2-3% but the volume is huge, largely buys with no 'funnies' to mention. the price is very static - why? i would have thought it would be a bit more 'active' today ?

all comments welcome.

thanks.

t.

zzaxx99 - 13 Oct 2003 12:39 - 148 of 460

-- superrod,

re: the AT trades moving the price. The ATs are by definition happening off the top of the order book, so if an AT trade takes the only order at that price off one side of the order book, the touch has to move (to whatever the next price down is)

To use the example from croc's #135 (and assuming there are no bots acting), if a sell for 600 or more comes in at 320.5 then the touch will move from 320.5/330 to 320/330 (next price down on the buy side)

terod - 13 Oct 2003 13:03 - 149 of 460

zzxx99 - does your 'superrod' post apply to 'TEROD''s question?

t.

zzaxx99 - 13 Oct 2003 13:54 - 150 of 460

No, my spelling's not that bad :-) There was another post further up the thread (#132) from "superrod", about small AT trades moving the price.

Tradman - 14 Oct 2003 17:41 - 151 of 460

New Trading Question for Crocodile

I'm new to day trading and would much appreciate an answer to the following:-

I went long on Bellway this morning after the positive trading news and was suprised to see it go down. Are the results already in the price in this situation and if so how can you get in early enough to benefit?
Hope this doesn't sound a nieve question.

Any comments welcome.



Register now or login to post to this thread.