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DOW JONES @ LIVECHARTS

Hi all...missed the fun today...shorts still in place...closed some at 9594 today.

I must warn others who are thinking of trading with CMC it in my opinion the worst in terms of how they skew the dow/ftse indices as they see fit...their quotes are always quoted in their favour without question and change them, depending on what the client might ask for...the spreads get worst as the market gallops, they are always different to what is actually happening, I cant beleive they are allowed to get away with this...to this date.

I asked for a quote late in the market an hr before close...the first quote they offered I asked for 20 cfd contracts, the reply was at that price I could only purchase 5 CFD's...

If i wanted more than 5CFD's then a higher quote/price was given...I thought about what she had just said...and asked for a refresh at a different level...She replied she didn't do refresh's...I mean the dow per sec right...?

Once I can clear out my positions in the next 2 weeks I will seek to move on without doubt...

One month is more than enough with CMC...their trading practices should be monitored by the FSA...I am very appalled, and understand the complaints that folks have made now.

Plse try CMC for a month and I think you will know what I mean exactly...

By the way well done zarif...

Zarif do u trade DOW by placing orders via internet with IG..? Reason being with CMC as soon as the market opens Down, and you phone to place order or ask for a quote they quote you something like 40 points down, i.e it would be impossible to go short at 9720 even if I tried, did you place short order at 14.30 as market opened or way before...? and do you trade Dow future after hrs...?


Snoball how about you..via telephone?
Also snoball sympathy from myself...

Keep well...apologies about questions...

Jules99.

Jules - I've just read through your post re CMC's Deal4Free and many of us have been there. All it takes is a quick look at IB or similar futures trading platform to realise that you are missing out on fabulous opportunities to get long or short by using CMC. From what I've picked up on in your posts, I think you deserve better.

Jules, I use Finspreads on line. I rarely phone unless I'm away from the computer and have to ask for a price or what my position is. They are extremely helpful and willing to make adjustments if you feel hard done by.

Jeroo is right though if you can afford it trading the actual futures contracts is much better.

Morning everybody:
Watchout the trin is around 1.56 before even opening at 14.12gmt

Shorting like crazy today. Any one brave to take on longs - ithink not!!!

Jules: I use mainly the SB a/c (limited risk A/c) where u have to put stops as u place the trade -which in my case is as it happens on the screen and also after hours, before opening etc. But it is instantaneous and worked out on the mid price therefore you know that the position will open say after 18pts.There is no waiting Wysiwyg.No complains from my side abt them -except when i lose than its me not them!!!!!

I am going to be opening a cfd a/c with them soon.

Also the best thing i can suggest to you is to ring my manager if you want at IG INDEX. Mr.James Raisky: 0207-896-0089 and ask him any questions that you want.

rgds
zarif

Closed right on the 38.2% Fib.
Maybe some upwardly mobile prices tomorrow?

Afternoon everybody:
Watch the dow today as the market is having a breather and likeness to a cliff edge. Get your parachutes ready for a safe "short landing"

I did some shorts yesterday and closed them with a small nett gain and also a long which i closed at a small profit.

The trin was showing around 1.62 at 15.29

Rgds to all.
zarif

Closed one off the shorts in good profit and have left the others open (2 of them) and locked in the profits by moving the stop loss tight)
Let me know how your trades are doing.
What do you reckon it is going to bottom floor at today.
I reckon or am hoping it to reach at 9480 dec dow and then i will have truly scalped the dow.

rgds
zarif

Next stop 9467?

there is a god - Closed off the other short at 9469 (opened at 9588 2 days ago)
=119 pts at 20 =2380 profit!!!!
WOW IN DOW Today

Still got one more short open (at 9540) in profit at present am waiting bcoz of greed factor.

rgds
zarif

Where is everybody today.
Snoball i am taking your figure as goodluck omen 9467 and have left my last short to close at that level if it touches it as have nothing to lose as am quids in today. The last short came in play at 9540 so is winning anyway.

What do you think it will bottom ourt now and hopefully from monday take a trek north??
Ithink it will as i cant imagine to say how many points it ghas dow-ned in the last week from around say 9800 to 9400 ~ 400 pts.
I would hope it would gain atleast half that next week

rgds
zarif

If it closes today above 9540, I'm going long.
Better open up my Fins screen.

snoball just touched 9531 dec dow a few seconds ago and climbing up.
rgds
zarif

Bloody hell, zarif. I've just read what you said.
Don't trade on anything I say!
9467 is the next Fib level down (61.8%). It doesn't HAVE to go there.

snoball closed the last short out at 9489 as could not wait any longer and was winning anyways. (opened at 9540 -9489 =51 pts)

rgds
zarif

nicely done.
I would hate to have that on my concience. :-)

on 2nd thoughts i will leave it till Monday am.

evening all,

long the dow from 9500 :-) how you keeping guys well i take it....

Mega...

Interesting, these Fibonacci levels.

hi Mega, i've been toying with that idea as well.

9575, well done Mega.
Some ace traders on here.