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spreadbetting: pros cons and tips:     

zarif - 19 Sep 2003 17:29

can we start the ball rolling on sb firms and cfd firms giving them marks out of 10. spreads etc. also min size openings etc.
this was not my idea the suggestion was from jules and i think we should give it a try.

zarif - 29 Sep 2003 13:24 - 27 of 69

Hello all:
Its Monday again and waiting for the Wall st to open in an hour (1400gmt).What do u think we have in store today. I think it will be volatile to say the least and if we look at the prices both long and shorts (hold them briefly )WAtch the PRICES -its possible to make money. Also because it being the end qtr today -likely to have an upward shift.

Let me know _ ps I have taken some anaesthetic in that it does not hit me that hard

rgds zarif

zarif - 29 Sep 2003 13:43 - 28 of 69

Brief summary from my travels:

Dow lost 30.88 points to close at 9,313.08. Dow's 14-Day Relative strength Index (RSI) is:41.72 and trending down. Dow is trading below 13-Day (9493), below 50-Day (9357), above 200-Day (8690) Moving Averages. Dow is trading with negative momentum. Dow's resistance levels are: 9429, 9550, 9699. Dow's support levels are: 9196, 9079, 8976.

Type High Low
52-Week 9,686.08 7,416.64
60-Day 9,686.08 8,997.11
21-Day 9,686.08 9,303.82

rgds
zarif

Ps: try a website gives 2 weeks free trial_ no credit cards needed.
www.sixer.com
let me know what u think of it

zarif - 30 Sep 2003 12:37 - 29 of 69

HEllo everyone:
The dow managed to scalp both on the longs and shorts yesterday(29/9/2003).So what are we going to do today. I think it is going to head south. On my browing i found the www.sixer.com site quoting a high %ctage of bulls on the dow for today.What are your opinions???

rgds to all
zarif.

Ps: jules99 - welldone on the dow yesterday, I was pretty certain you would get past the 9350 mark.

zarif - 30 Sep 2003 13:34 - 30 of 69

Levels to watch for in Tuesdays trading:


Dow Jones Industrial Average (INDU) support at 9200; resistance at 9758


S&P 500 (SPX) support at 995; resistance at 1050


Nasdaq Composite (COMP) support at 1780; resistance at 1950

zarif - 30 Sep 2003 15:25 - 31 of 69

Jules: Megabucks: Snoball:
I hope u are all shorting like mad and not in the longs at present. What a nosedive. I had 2 shorts and collected 114pts at 15/pt and 80pts at 12/pt. Now I am just looking at the screen and anaestehetised myself with my best freinds Chivas And Haigh.
Good luck
rgds
zrif

zarif - 30 Sep 2003 16:49 - 32 of 69

jules:
I have gone long at 9195 Dec Dow at 15/pt and it is at 9246 as i write at gmt 16.42 (14.00 eastern time usa 2pm) and i think it is going to have a lot more upside and am waiting.

Jules Are you Trading the Daily Dow WHich Expires at end of day trade (9pm), which can be costly at times when the market is uncertain.
You can trade the following month eg#: october november or december and hence giving more time for the trade to mature in case it doesnot happen on the day you can carry on.

let me know and happy hunting
rgds
zarif

zarif - 01 Oct 2003 16:23 - 33 of 69

Hi everybody,
Just closed the long from yesterday and taken out some shorts. I think shall fulfill both before the day is out as we had quite a down slide yesterday. Also this is the end of the 3rd qtr and beginning of the 4th qtr so be careful with your trades and watch the stoplosses etc. Generally if Sept was a good month then Oct seems to be a downer especialy in the opening weeks. So my personal scheme is Shorts will be the main operatives.
rgds
to all

well done jules I am sure u shall be giving us advise soon.
Ps the link on the live chart by megabucks is the best that i have come across so far.

rgds
zarif

jules99 - 01 Oct 2003 17:18 - 34 of 69

Just shorted again at 9380 10$ a point...

What goes up must come down theory at play...lol

Hopefully not a DOW ...OOW..!

but WOW...!

Jules99...

what are thoughts...?

zarif - 01 Oct 2003 17:31 - 35 of 69

I Just closed a Long at 9360 - a 100pt gain at 15/pt. I have tagen a short from 9363 and now going to wait. I usually find that in the frequency of trades make more money in shorting than on longs. You are quite right what goes up must come down - unless it flies and sometimes the market does give us a kick in our egos.

best of luck in trading.
rgds
zarif

zarif - 01 Oct 2003 17:43 - 36 of 69

Watch out for the men in black!!!
rgds
zarif

jules99 - 01 Oct 2003 18:04 - 37 of 69

CMC driving me nuts...errors by the hour today...what does one do???

only been with them 3 days...

not funny...

jules99.

zarif - 01 Oct 2003 18:49 - 38 of 69

Jules : CMC is not the same group of companies as Deal4free?? as there has been a tirade of anger against them as u can see below
rgds
zarif

tobin37 - 01 Oct'03 - 13:08


Anyone else using Deal 4 Free? Positions from yesterday seem to have dissapeared from their database. Been like that for 24 hours now. I keep getting fobbed off with various excuses.



LINZIMASON - 01 Oct'03 - 15:07 - 1 of 3


I was considering using them but decided against and gone to Share Crazy instead so I know just where I am. Sorry can't help.


zarif - 01 Oct'03 - 16:37 - 2 of 3 edit



While I came across this Whicjh I thought was quite witty and to the point regarding Deal4free.

Deal4free
Or perhaps more correctly DealMaybe?
Granted they have amongst the best prices and software but when it gets busy their platform goes down as much as Monica Lewinsky which when added to the fact that they do not have enough people to answer the phones makes it frustrating to be a customer. Anyway get voting and no doubt there will be a scramble as a number of institutions get their staff to sign up.

rgds
zarif


brianl - 01 Oct'03 - 16:56 - 3 of 3


d43 i wish it was i paid for yester days c**kup today kept waiting for dealer to respond

jules99 - 01 Oct 2003 19:23 - 39 of 69

I'm trying them, I'll give them a month and take it from there, I am very detailed when I execute a trade as I write all items...time/dealer ref/which tel I used and so forth to ensure I have my facts...can't trust no one in this game...may even recoed my conversations...I trade by tele...that way I have control..

dow dropped to 9405...short kicked in at top..next short kicks in at 9382...waiting...in anticipation...

Jules99

zarif - 01 Oct 2003 22:24 - 40 of 69

Jules:
Re:CMC
If you are getting shoddy service then My opinion is dont wait amonth give them a kick in the Bullocks and get another company that can perform -it is stressful enough watching the trades instead of having to worry about if these idiots have got it right in the first place

rgds
zarif

zarif - 02 Oct 2003 15:35 - 41 of 69

Are y0ou long or short today???
I have got 1 long open and 2 shorts cghasing each other? I think it is going to take a nose dive today - Atleast i hope for mysake -Xstal Ball What thou sees today????

rgds
zarif

datai - 02 Oct 2003 15:54 - 42 of 69

well used deal4 free for 3 years had many run ins with them over the years but now 100 % spread bet cant really complain fair enough you get requoted but hey its tax free tight rolling cash spreads and trading large amounts normally ok,and better than going out and digging the roads id give them 8/10.....nothing in life is perfect

zarif - 02 Oct 2003 15:59 - 43 of 69

Datai _ It is not whether it is taxfree or not that is in question_ The point is that they make a good living from the spread whether we win or lose doesnot matter _ it is the service that we the customers pay for that is an issue here.
rgds
zarif

are you a sb man or cfd??

drivethru - 02 Oct 2003 18:37 - 44 of 69

there is a new SB out there who are about to launch . The demo site is good and the spreads are pretty competitive especially against IG City and Cantors

www.capitalspreads.com

Has anybody opened an account or contacted them yet??

zarif - 02 Oct 2003 18:51 - 45 of 69

I have applied and yesterday had aemail from them saying that they are having problems opening accounts on line etc _Teething problems I believe and I am sure once they are sorted out they should be good

are you long or short today????

rgds
zarif

drivethru - 02 Oct 2003 18:54 - 46 of 69

just went short of the dow at 9439

rgds

d
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