anyone out there palying the indexes and using spreadbetting
can we concentrate on:
djia
ftse100
cac40
dax

lets see what entry and exit signals we can come up with using
gann
rsi
to see if we can predict profitable trades and concentrate on stop losses etc
love to hear from you all
zarif

Been trying to daytrade both the FTSE and DJIA on IG Index spreadbetting. Im still learning the ropes just now. Using basic Tech Anal along with news and fundementals. I still need some decent software for my TA. Any suggestions would be welcome. For what its worth DJIA holds resistence and support at round numbers more often than not e.g. 9400/9500 have had quite a bit of success doing that. Markets difficult at the moment but short term buying on the dips on both the FTSE/DJIA will be my strategy.
Bob

hello zarif

i swing trade 'try some might say :)' SPX NDX using the spreads, i dont use much in the way of technical indicators to be honest (mainly sentiment) but im looking at the basics to help with entry points (trend/support/resistance breaks/SAR/ROC etc). At the moment were pretty extended on the sentiment front but it has eased over the last few weeks with prices still making gains. hmmm.

ive got the big number in the SPX at around 1015 which could be used as a pivot point.

just started to day trade EUR/USD using spreads at it seems to follow the spot pretty much to the point using (fibs/SAR/ROC). ive heard plenty complain about price skewing and worse on index/stock spreads which can make life very hard for a day trader. DYOR and all that

regards
fred

zarif, most daytraders are over in the Traders' Room...

Hi zarif,

I've just started using deal4free's training software and had an interesting day spreadbetting the DOW for monopoly money. End of day I was up 520 pounds (simulated) which I was pretty happy with considering I am just learning the ropes and was operating mostly on gut feel. Learned a lot about holding my nerve :-)

I've been share trading for a couple of months now so some of the graph patterns were looking familiar.

deal4free's software is excellent. The only other I've tried is E*Trade's CFD interface and I find d4f's easier to use.

Doug

We are all nebies to an extent as we dont know how and what the market is going to reveal.
please keep up the good work and ideas flowing.
can u suggest good sites for technical analysis etc and live data.

rgds zarif

Well, after losing several thousand dollars (simulated, I'm glad to say) this morning through random and careless trading, I actually applied some thought to the DOW after 3pm and picked up about $600, watching the trends and support levels and spotting the drop back from the peak.

Patience and nerve are certainly the essential ingredients of this game. I shall spend a fair bit more time practising before going in for real.

I get most of my information from this site. I've just upgraded to Level 2+ and the streaming graphs are very useful. For TA graphs I tend to use Yahoo. Their graphs are loads better than any other I've found, though the display can be a little buggy sometimes.

Doug

thanks doug, and as they say "if you fail to prepare then prepare to fail" Also regarding trading (money) I read somewhere that "If You eat like a bird then dont expect to shit like an elephant"
Also try freesoftware on trad2win site there are quite good links etc.
Also try e-signal demo and marketmaker -ithink is by deal4free fite.
thanks
rgds
zarif

MarketMaker is what I've been practising with. Very good bit of software, I'm quite impressed.

Thanks for the t2w tip. I hadn't come across that one before. It's amazing how much free information there is out there on the net.

Doug

hi doug,
the other site that is free and with tons of info is called
www.fillyaboots.com

give it a try and keepm your thoughts and ideas going on this thread
rgds
zarif

Why don't all of you stop following the 'Muppet's Index' i.e. the Dow Jones and start following a real trader's index like the S+P or the Nasdaq Composite ??

As for not using technicals and concentrating on sentiment indicators, I'd add bulletin boards and chat rooms to the list of indicators worth following - just do the opposite once everyone is an expert as to why it's going up/down !

All the above sites look ok although get a bit fed up with all the adverts all over the place !

Magician,
It's rare to get a consencus on a BB.
Having said that the number of bears on
the US Traders thread is amazing considering
the direction of the Dow & S&P so your hypothesis
has a lot going for it.

magician:
can you give ideas as to where can get good ( free sites) to get Ta analysis etc. AND you are quite right in your comments as we all at timesw conform to "herd mentality"
rgds zarif

zarif


heres some to get started on the sentiment side.

www.sentiment.com


this long term II chart may be of interest.

http://www.decisionpoint.com/dp_news/030619_News.html



and here a usefull reference for the tech basics(said through clenched teeth! ;)

http://www.equis.com/Education/TAAZ/?page=6

http://www.incrediblecharts.com/index.htm (well worth a look for example trades) etc



DOW! Muppet index!! thats far to kind!! an instrument for wall street to shaft joe schmoe at every given may be closer. ;)



Make way make way for mighty DOWWWW... keeps on going up but feck knows HOWWWW!! :>

fredbear,
thanking you for the links that u gave me. very helpful
thanks again
zarif

Hi Zarif !

In my experience you get what you pay for ! I've found that on a lot of the free sites the info's not actually that helpful or too vague etc.

For TA I'd start with the charting package on E-trade's system - it's a reasonably basic system - if u want something a bit more advanced then ESignal seems to cover most things. As for financial sites there are tons out there, but most are #### ! 1 i've found useful over time is the harry hindsight service - it's not a tip site - they trade their own money - that's what i like ie not just sitting there spouting crap ! Site has good technical levels and analysis of what's going on. Think they still run a free trial then u have to pay monthly. Having said that - they've saved my skin a few times now so don't mind paying.

M.

dear M,
can u give me the URl for the harry hindsight service.
rgds zarif

yes zarif - is www.harryhindsight.com

M.

hi, anybody out there use the betting company called spreadex financial. please let me know your views and any other companies that are good value for money and service.
by the way how is dow going to perform today????

rgds
zarif

Hi Zarif/Magician/FredBear....

Site info useful...thanks very much, will check them out ltr, I cant help you on your question Zarif, but maybe someone can tell me marks OUTOF/10 for CFD BROKERS...

IFX
CMC
ING

Can you tell me from your experience who gives best service overall and prices IYOH...much appreciated ..

Jules99.

jules99
good morning,
great idea let us add a few more to the list and divide them into cfd and spread betting firms and then give them marks out of ten.

company: COMMENT: MARKS:CFD MARKS : SB NOTE:
IGINDEX GOOD SERVICE 7 4 VERY HEAVY ON SPREAD MARGIN
SPREADEX MICKEY MOUSE 2 2 CAN DO 1P NET TO TRY POSITION

RGDS
ZARIF

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