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

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.

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...

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

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

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

Thanks croc

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

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.

-- 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)

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

t.

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.

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.

Tradman its not easy
Look at premarket trades as an indicator and if you have Level2 it can be a big help to gauge sentiment.
Yes the results are often in the price so check if they are below or above market expecations.
Also I always go with th overall market direction as well. For example I shorted the PRU this morning as results were slightly below expectations, market futures were negative and there were plenty of sellers in the order book in case I called it wrong and had to get out quick!
Hope that helps
D.

Crocodile - thanks a lot for your thoughts.

I've been looking at the shares that have risen today (on ADVFN Free level) to see if there is any correlation between rising shares and more buyers than sellers. There doesn't seem to be any relationship. From your comments I imagine that this is like looking at orders on a dispatch desk without knowing what orders are in the in tray (so to speak).
Can you recommend MoneyAM's level2 service?

This thread is extremely useful and I'm grateful to yourself and everyone for taking the time to help newbies like myself.

I for one can recommend the moneyam Level 2. But you need to attend one of Bullshares talks to understand the basics to utitlise it properly. I took of several of the free offers first, as I could not justify the cost, but found I missed it when they ran out and I wanted to know what the orders on the books were before doing a trade!

Could someone help me with regard to level 2 i have looked at ADVFN which haseveral monthly plans I want to track ftse100 and other indicies, not sure how far i need to invest monthly to be able to monitor trends quickly what other alternatives are there?

is money am as good as ADVFN?

Can't help you there as I've only ever used the Moneyam one. If you ask nicely (and send bullshare an e-mail) I'm sure he'll arrange a free week trial.

-- DealerDave,

I've used both, more so the Advfn one - I much prefer the Advfn one, though it may just be a matter of personal taste. I find the trades much easier to read on Advfn L2 (and more of them) and the screen generally more attractive and easier to read at a glance. The MoneyAM one looks like an old DOS program - sorry chaps, but it does - and I don't find it easy to see what's going on at a glance - there's no clear delineation between different bits of information.

The new AM terminal about to go live will allow as many L2 screens as you wish. (Click on second image)
They have a simplified L2 allowing 8+ on a single monitor + news, stocklists, web pages with auto refresh and lots more!

For those with multiple monitors.!! Click image for full view

For those horse racing fans.!! Click image for full view