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DOW JONES @ LIVECHARTS

Afternoon all:
What has the ym got in store for us today?
Now that they are saying that the "terrorist" news is OLD news -will the market fall as it rallied when they said there was a heightened alert of threat!!!.
With such small volumes and thin markets it is easy to their manipulation.
Best to trade what the market is doing in front of the screen.

harlosh:
metastock is a good package.Pfscan is alright -i bought it but never used it.
Also if you want point and fig charts etc for indices,currencies,etc why dont you try
www.livecharts.co.uk
and its free!!!
rgds
zarif (ps i have not forgotten will ring u soon)

Thanks for the advice everyone.
I'll try some free downloads and then decide.

Zarif,
No worries, we'll speak in due course I'm sure.
Good luck for the ym

Harlosh

I just do my little trades day by day!!! +17 today, +17 yesterday.
I reckon I need just +30 a week. So rest of the week off!!
Cheers,

JP

Zarif,
Had a look at Live charts. Just couldn't fathom the P&F charts out.
Back to Metastock, Updata or PFscan.

Harlosh

Harlosh
In the live chart window -click the graph you want and then once in the graph just right click and it will give u the options at the bottom of mini screen in graph window for bar ,candle,pnf etc.

Good day on the dow as had left a short running and managed to bag 50pts.

JonP.
at the moment is best to scalp and taking small profits is a good strategy as the biggest dilemma once in a trade is "when to hold and when to fold" once emotion fear and greed take over than things go topsy turvy.

remember "BIG LAKES ARE MADE OF SMALL WATER DROPS"

rgds
zarif

Harlosh. Have been offline all day - my birthday.
I can post some PF charts from Metastock if you like. Tell me which ones you want and the period you want and I will put them on the web for you.

Heres the support services sector.UB58 p&f chart.
This is at default settings.

JonP, I would be interested to know what signals/indicators you use.
I presume you are trading the Dow.
Are you spread betting, trading cfd's or trading the real futures?

zarif...

the link to the dow page at live charts doesnt work anymore...the url has changed to this....

http://www.livecharts.co.uk/MarketCharts/DOWchartpage.htm

Basically just put /MarketCharts/ between .co.uk and DOW

regards
Lee.

snoball,

Yes the Dow futures using Interactive Brokers (www.interactivebrokers.com).

I use a number of indicators. But am basically looking to buy low and sell high (aren't we all)!!!

I have an automatic trading system I developed in VBA running with excel. Which connects onto the interactive brokers Trader Work Station and does the business for me. It uses RSI 5 mins and 2 minute highs/lows for re-trace entry. After locking onto the low and high of the day so far and will only trade off those.

Nice thing is it works while I am away and is not subject to emotion, however it is not as clever as I can be!!! It doesn't trade every day but looks for at least 40 points.

I also trade manually off tops and bottoms for a few points (say 10 ish) - that's my +17 from the last few days.

So it is all a bit non standard.

REgards,

JP

Lee:
Thanks for the update as i was going to email you as to it not working.
Will sort it out immediately.
I am also at khalsa with moonblue and Co.
Thank u very much for all the help and surely when we meet one of these days the drinks/meal will be on me.
rgds
zarif

Link updated for the dow charts which is kindly given to us by Lee and for free to use by all.not many people like him on this planet.
Bravo mon ami.

harlosh:
Try the link on where it says DOW JONES@ LIVECHARTS above then on your left hand side click home and it has all types of indexes,fx,oil,comm etc listed click on one of these go to the chart, once a candle chart appears left or right click the mouse and a sub menu will appear -click on pnf etc.The good thing is that you dont need to change charts as you can get others wile in the same chart window.

rgds
zarif

Afternoon everybody:
Ym opens in about 45mins.
I think we will have a slightly higher open than lower prices all along the way as i feel today looks like a very negative day -then again i could be wrong but this is my opinion -yours may be different.
rgds
zarif

good short and long on dow so far.

Very interesting JonP.
I didn't understand a word. But I can understand you not wanting to let the cat out of the bag if it works.
I would love to know more though.
The tops & bottoms idea sounds interesting. I will look at that.

Have you read 'Zen in the markets' by E.A. Toppel?
He uses an automatic trading system in order to eliminate 'emotion'.

Afternoon all:
The BOE raised rates by 25bps to 4.75 Ecb unchanged at 2.00 and the Us jobless figures down by 17k (not sure but hardly a marked difference).
So what does the Ym hold for us today?
My feeling is that its going sideways mst of the day and may bounce from say yesterdays lows after 7pm tonight. I think we will see higher prices today and tomorrow.
Thats my view -yours may be different.
rgds
zarif

Snoball if you ask JonP nicely I am sure u will get the set up.Nice to see you posting -please keep doing so.
rgds
zarif

My idea for the Snp500 for today is as follows:

Buy at:
1092.26
1089.75

sell at
1100
1103.75
1106.75

lets see how it pans out.

Afternoon Zarif

Harlosh I have found you. I used to trade the dow. Good fun but I spent too much time at the pc
e mail sent by return. Let me know if you don`t get it