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

Jules99:
To answer your question i would say this:
a): depending on the company you can put 1p/pt to say 1000 per point -but I dont think it would be wise to do 1000 per point unless u have won the lottery and cghances are u could lose it in one swoop.!!!
Some companies allow 2/pt as minimum.
b): I always open a bet with 2/pt and if my decision is right then i will put my normal size at 15-18/pt. I dont wait for it to make me loads as soon as i am comfortable with the amount gained i will close it even if it then goes( and more often it does) to show a greater gain after closing.
c):Think of it as a game and never risk your whole pot.
d): stick to your stop losses (adjust them etc accordingly) to lock in your profits.
e)be prepared to take small losses dont let the trade carry on especially if it is going against you or u will end up losing a lot more and your profgits financing your losses.

you have to watch the dow as it is volatile and hence the risk/reward ratio is there.They say when in DOW you WillEither Say WOW or OWW!!!!

rgds
zarif

I like that last comment...so far doing ok...:-)

At this stage 5-15 a point suits me fine, so when the market does go against it's not a huge loss...also using CMC CFD's a/c they always quote a 5 point spread, is is normal...or should it be 4 point spread?


When the DOW closes up tday...it normally has a high % chance of positive effect on the S E asian markets right...You know what I'm thinking today...

what are thoughts...

jules99

5 point spread is the norm on the dow with cmc....

Mega...

Megs.
thats fine I can live with that...I guess chips I'll have to do without...at 5 pound a point I'll order half a pizza tnite..


Ta.
Jules99

..nas is up as expected on semi conductor sector positive outlook...how do u see dow finishing from here? think it will hit 9295+ today b4 close...

ta.
jules99..

todays low so far, 9293.
nice call jules.
hope you took your profit.

what time (Uk) does dow close..9.30 or 10.00?

9.00 I got it..

snoball...I'm laughing as I Write this thought I made..450.00 quid...selling out at 9370...but..

Doh it's the DOW so it's in dollars..! equates to 271 pounds...oh well...enjoyed the thrill of it...

must do it again sometime...

:-)

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.

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

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
zarif

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

That was nicely done zarif.
Way to go.

chaps..
just closed out at long from 9261 - closed out at 9335...

:-)

zarif...I dont have to close out per day, as I trade CFD's...

j99,

very well done....

Mega...

Snoball/mega/zarif...I'm learning from you guys...

Do u follow dow on a real time chart...and which website intra day is best for analysis?

j99,

do you use stop losses on the dow?

Mega...

megB, this is my second day on the indices,,,was about to today as I was out...in the end went in my favour...I an only doing $5/10 A point which with margin I am able to cover , with the market at prsent it could go 200 either way...before a recovery intraday at some point...

Monitoring at present gone long again $5 a point from 9320...I'm looking to make..between 100-450 from each hold...which suits me fine at the moment...if in the last hour market closes above 3320 say 3340 I may leave open, in case it opens on a positive note tmor...

I learnt today not to become too freindly or emotionally attached with indices...if theres a profit and u want it then bank it...tomorrows another day to jump in..

ta.

Jules99.

jules,

most of the move down today was due to the futures falling overnight.
if you don't have a stop loss on overnight you could get royally banjaxed.
be careful and keep up the good work.

Mega Bucks gave us a real time Dow link either on here on the Dow thread
a few days ago.
If I find it I will post it here later.