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Traders Thread Monday 16th August 2004 (CROC)     

Martini - 15 Aug 2004 12:13

SEADOG - 16 Aug 2004 08:07 - 15 of 26

Many thanks martini - will go to traders

Melnibone - 16 Aug 2004 09:48 - 16 of 26

Morning all.

I see we've already had a Bear squeeze this morning. The rapid rise
shows what I was talking about last night. IMHO, a fair chunk of the
declines we've had is not genuine selling, but Bears flattering to
deceive with their shorts. If the US squeezes this afternoon, as well,
then we could see the bounce I've been looking for.
How far we bounce, if we do, will decide whether this Bear trend
continues or sentiment changes to the upside. For the last quarter
we still have the US election, the Xmas rally, and the September/December
end of quarters mark-up to support the Bull case.

Ftse range is still holding. Don't 'yer' just love these markets. 'Gotta'
be the best game in the world. :-)

Melnibone.

SEADOG - 16 Aug 2004 09:57 - 17 of 26

Martini, have read the thread and found it very interesting. A number of years ago I attended some seminars by an American, Chris Manning and after three years of back testing he came up with the figures 5,35,5, with the addition that a 21 day RSI had to be above the 50 for a buy and if it was below 50 it was a sell. I monitored this for a year and found it to be quite accurate. Regards

Melnibone - 16 Aug 2004 11:05 - 18 of 26

Nice little long scalp on GSK this morning.
That'll do me until the US shows its colours this afternoon.

Back to the laminate flooring. :-(
Sigh. :-(

See you later.

Melnibone.

snoball - 16 Aug 2004 14:05 - 19 of 26

Afternoon all.
Does anyone know where I can get a FREE real time quote for the DAX?

snoball - 16 Aug 2004 14:17 - 20 of 26

's OK I found one.

Big Al - 16 Aug 2004 14:21 - 21 of 26

Good, coz I didn't have a clue! ;-))

snoball - 16 Aug 2004 14:27 - 22 of 26

lol!

Melnibone - 16 Aug 2004 16:35 - 23 of 26

We got the squeeze I was looking for and now the S&P is making
heavy weather of getting back through the previous swing low
in the 1080(ish) area.

If it peters out here, after the Eurozone closes, I wouldn't
fancy holding any FTSE longs.
Now looking for signals to open NDX and DJEustox50 shorts if
this squeeze fizzles out.

Melnibone.

Big Al - 16 Aug 2004 16:47 - 24 of 26

Not a bad day really.

Nice little long in WBY when some idiot stuck a very low offer in and took them straight out - closed in auction +8.5. Lobbed my remaining AQP in auction for anywhere between +17 and +39 so well happy. Will re-enter if strength in the morning. Took +4.5 from EBR - started late. Downside was AMT -9, intraday FTC long -2 and I think that's it. All in all, up, which is not like me for a Monday - it's never my best day! Also MNA, HTG and TIG longs nudged upwards - the rest are sticking.

Currently more in cash than for many, many weeks so on the hunt for culprits! ;-)

mbbcat - 17 Aug 2004 08:40 - 25 of 26

Howard

like the music, whish her luck

re;


a new way of trading Direct access. Idea being to buy the yearly exchange fee and then just pay a small fee of about 1.90 for each trade.

pls explain more

tia

Howard0181 - 17 Aug 2004 22:18 - 26 of 26

mbbcat

I had only one conversation with David about this idea. He said he was in early discussions with a German broker. I would imagine the annual fee would be over 10,000. I guess we will never know.
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