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DOW JONES @ LIVECHARTS

hello everybody:
Are we ready for our battle with the Dow today????
Philosophical start to the day today with the following lines by Sun Tzu:

THE GENERAL WHO WINS A BATTLE MAKES CALCULATIONS IN HIS TEMPLE BEFORE
THE BATTLE IS FOUGHT.
THE GENERAL WHO LOSES A BATTLE MAKES BUT A FEW CALCULATIONS BEFOREHAND.THUS
DO MANY CALCULATIONS LEAD TO VICTORY AND FEW CALCULATIONS TO DEFEAT.

Good morning to you all

rgds
zarif

My calculations still indicate a sell on the Dow.
I am not trading them though.

Morning all.

To: all the people who are participating:

Yes - Agreed with the idea from this very instant we only post our messages, ideas etc on :
THE DOW INDEX -thread

and discontinue the other two

rgds

zarif

To all the friends:
While waiting for the dow market to open I am taking this time to give you an insight as to how I do money management on my trades (with flexibility of course -its not laid in stone and can be altered as market dictates)

so here goes my scheme:

The formulae

You might think we are just risk averse wimps, but nevertheless if you have got this far don't let ignoring money management ruin an otherwise excellent trading methodology

A good money management system is simple and the biggest aid to security and successful profits. Once it gets going, it compounds and works for you, not against you.

My simple method to calculate bet size is as follows:

Bet Size = (Capital X 5%) divided by the stop

For example

1. Capital say 5,000

2. Maximum risk per trade 5%

3. Stop points per trade 20 points (e.g. FTSE100)

Bet Size = 12.50 = (5000 X 5% )Divided by 20

Using this formula we now know that a bet of 12.50 per point is within our stop loss parameters.

rgds to all
zarif

hi,
just closed one short opened at 9638 and closed at 9593 at 15/pt. Nice earner as as starter and blow of whistle (more a trumpet!!!)and now waiting for the market to comeback to me.
rgds
zarif

zarif, are you going long and short simultamenously - who are you trading with, and are you bets SPREADBETS?

i get the impression you're hedging it both ways.

also, thanks for the above.

cheers and good luck for the balance of the day!

t.

Terod:
I am with igindex anf I am using spreads with them (mind you their spread is heavy):
What i did was when the market reached a high I took a Short and folloed it down and scalped the profit.Then when it was at near bottom took out a long and closed it out at 9643 (opened at 9595) and harvested the profit.imultaneously took another short at 9643 and am looking at the profit building up.

My motto on days like today is "never let greed ruin a small profitable position"
rgds
zarif.

nb: sometimes i do take out both long and short at same time (depending on the parameters if they allow to take profit both ways.

terod:
btw have u started trading on these yet. I think I am going to suggest to Snoball,Jules, Megabuks etc if we can also start putting on info (obviusly with no recourse to anyone) If we can put from our analysis,speculation etc.regarding what the:
trend direction
resistance levels
suggested entry and exit points for next days longs and shorts
support lines etc
any other things that you may wish to be put on and then see if we can formulate a system which hopefully we can make work
What do you think of this idea??
rgds
zarif

zarif,

no not started yet - got husband off work at present with illness and only want to jump in when i'm completely ready emotionally (also got 3 little one who limit the days which i can dedicate to trading).

i'll get there v.soon. - thanks for asking.

as for your suggestion, yes, without recourse, of course.

cheers.

t.

Good idea, zarif.

Brilliant day today:
Jst finished creaming the dow short from 9643 and closed at 9564 at 15/pt.

Snoball i am glad u are in the game and my idea -btn us all we are sure to make it work and help each other out.

rgds
zarif

zarif, snoball (your nickname reminds me of home...i'm canadian!), jules...

re the Dow, based on the system i'm using, the trend is still UP. based on a 3mth historic view (c.sticks) with EMA=14 indicator. if today ends negative the trend will start to move sideways. It's a pretty basic system which appears to work.

try going to BIGCHARTS.COM select DJIA, click on interactive charting to set the paramaters and have a look if you've got time.

t.

terod,
I used to live in St Albert, near Edmonton, Alberta.
Back in the late seventies and early eighties.

Re your 14 ema - nice and simple. The best systems
are simple, I think.
Do you trade on the crosses or do you have a trailing stop?

snoball

the system purely highlights buy/sell opportunities, triggered by v.specified entry points. e.g. HG. on 2/10 indicated buy @ 188.25 (this is end-of-day research) next trading day, it also told me to abort the trade if the price hit 181.50 first. as it happened HG. hit the entry point as has yet to fall back to the abort level. what i would have hoped to achieve was precise entry, or as close to as market allowed and then to sell when my profit target was hit.

if i was holding until the trend change or the abort line hit, i'd certainly have used a trailing stop.

i've been paper trading this strategy for some time now and it throws up some wonderful opportunities!

enjoy your evening.

t.

(ps - i'm from ottawa)

Good afternoon to all:
Are we ready at the helm of our "seats" waiting for the dow to open??
Is it going to be plain sailing or arte we in for atempest. I reckon it is going to be choppy waters and if we are on the ball should be able to reel in a few fish -Watch out for the sharks though they bite!!!
What are the levels we should watch for today???

Ps:We havenot had jules on the board for a few days _ i trust everything is alright with her trading.

rgds to all
zarif

The dow has rocketed up and i am waiting for it to run out of steam and then take a "short" trip all the way down (thats my wish anyway).
The Bulls are stampeding in their rampage beware we dont get trodden on and dont wear RED as then they come for u.!!!!!
rgds to all
zarif

Just opened my first short of the day DEC DOW at 9703 at 15/pt and am watching it go down.
What are your positions today (no -not sitting down on the chair)??

rgds
zarif

Phew lucky closed to Dec Dow at 9668 -made a bit of profit there and now at 16.35hrs the dow is at 9740. just watching the screen and pondering wheher to open another short or take "five" and get a cup of tea (maybe something stronger to steady the nerves).
Will let u know what i did in a minute.....
rgds
zarif

took out another short at 9739 dec dow at 5/pt -Just to test the waters in case get engulfed by a shark or pulled in by an undercurrent.

rgds
zarif