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

-- 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

Morning all,

Amazing croc (am I too easily impressed)!?

LITTLE WOMAN

I use the moneyAM intraday charts (Free level at moment) and notice that whenever a price moves, the spread betting prices always move first - do you know if on Level2 it is possible to see price movements at the same time as the SB companies? - or is that utopia!

Comments from yourself or from any other Level2 users would be very much appreciated.

PS Like the kicking cartoon - know the feeling!

You see the price movements as they happen - sometimes too fast to react to! I find my limit orders on my normal trading accounts can react to these price movements (and I have managed to get some really good prices in the process)
but found my limit orders on my CFD account did not (in fact they offen did not react at all - which is why I've decided not to bother with SB companies.

thanks for replies re AT trades. still trying to get my head round it

Croc can you recommend any publications on charting...?
Many thanks in advance
C

Carvaggio:
Look at "beyond Candleticks" by Steve Nison who is also an author of
"japanese candlestick charting techniques"

I found his language and explanations very detailed and informative.

rgds
zarif

Carvaggio:
David Jones (Limpsfield Chartist) is the TA guy, I will ask him to suggest a few good TA books.