how do you see the dow index going today Dow Jones and S&P commentary: Signal Watch Dr Bob Hard Right Edge Raptor Research Charting by Snoball: Dow Chart S&P Chart Drinks & Break Time at: GD's Famous Tea Room & Watering Hole"

DOW JONES @ LIVECHARTS

zarif,

at what point do we decide that our SHORT is no longer viable - do you carry it over from day to day? my position, with its spread etc. is currently neg. and i need it to drop below 9865 to b/even.....

do you think it may head further north, or it +80/90 high enough for the day?

t.

terod, you should decide how much you are prepared to lose before opening the trade.
You can trade on an intraday basis or over longer periods, it depends how you see the market going.
It could head further north and there again it could head South.
You just have to make up your mind.
Personally I would hate to tell you one thing and have it do the opposite (a common occurrence). My concience would'nt let me sleep at night.
(Excuse me butting in).

What I will say is that if it CLOSES below 9850 I will venture a short.
I don't know if it will or not.

terod,
here's a link to the men in black

Evening all:
i manged to close all my longs and shorts today and all in credit.
There was not much movement (volatility) -but still cant complain as CASH is king.
tomorrow is another day -another dollar as they say

goodnight
zarif

snoball,

thanks for that and, of course, don't mind at all.

when i take out the position, it's usually more a case of cashing in too quickly and losing out of lots more up/down side - my nerves just can't hack it. i do also have very finite stops and, unfortunately, have been stopped out a couple of times when the market was 'aparently' consolidation before pushing on in the direction of my position - for me, it's a case of little and often, but greed is a true vilan!

today, i managed to enter/exit both a long and short at the right time. took profit within my comfort zone but, as usual, that was TOO SOON. never mind.

thanks for the link.

t.

PS how have you been doing with your chart? has it been offering up good timing opportunities? hope so.

t.

Hello guys/gals
Just killing time watching the screen and waiting for the yankee auction to start.
I reckon today as Dj newswire says the market is going to open mixed so reckon it is going to go south then north and possibly get to around 9925-9935 and then take a dive south.
Have been watching the morning and seems stagnant at around 9825 +/- 15 dec dow.
I have take a long out opening at 9818 and looking in credit at present.

Watch the market carefully today as we dont want to be had by the sharks.

rgds
zarif

Afternoon.
terod, I know what you mean about taking profits too soon. I have the same nerve problem. I do believe it is better to take those small profits because they make you feel good and build confidence as well as increasing the pot to give you more insurance when your nerve improves.
I don't think it is ever too soon to take a profit. I'm fast learning that patience is the most difficult part of this. Waiting for the next signal can be a real bummer.
I am not following the chart very well as explained. I am determined to follow the whole trade next time.

Hi, Snoball:
Just recieved the goody from Nick Storer and cant wait to get started on it-But Alas have to trade first then get my bearings round the software.
I will need your help and assistance if u dont mind to get this monster working properly as i am new to all this hitech stuff.
You mentioned that u will let me know where i can get eod data and also where i can get a live feed for it from.Can u give me and idea as to how much the live feed is per month etc.

How are u on trades today?
I am going long then shorting as opps arise.

good luck and thanks

Ps: the live chart link that megabucks gave on the dow -seems to be dead at present so dont know what the trin is at present.
Looked at marketgauge site and found all Bulllish indicators on the dow.

rgds
zarif

Hi.
Dow seems to be stagnant around the 9850 +/- 15 odd points on daily quote.
looks ominous as cant defeat that resistance point-mind you the vol is not heavy and more decliners than advancers -mild profit taking -looking at opps to short today.

rgds
zarif

Just took out a short opening at 9862 daily wall street and am just watching.
How are your trades going today???
not enough volatility today.
rgds
zarif

hi all,

AH HA, SUCCESS.....called the LONG spot on and since cashed in and gone SHORT, will happily take whatever comes on that.

t.

now closed out SHORT....trading sideways (just as well as it's BATH TIME for the children!) could soon offer SHORT opps.

t.

closed the short out with 27 pts @15/pt =405.
Just looking but is trading sideways.

well done terod and good luck -opps will come as u watch the screen.

rgds
zarif

Hi y'all.
Short the Nov future at 9811.
zarif I will get back to you re the links for real time data and end of day.
I did post something a few days back, probably on Metastock thread where you found out about the software.
I also have a Metastock users site that will be very useful.
I'll post it HERE later, so come back and have a look.

Nice work Terod.

Thanking u in advance Snoball.
rgds and goodnight
Early start morrow have to drop relations at airport Mcr for 6.00 am check-in.

zarif

zarif,
This may be of help re real time data: http://www.q-data.co.uk/

you can get end of day UK data (and other world markets) and free end of day data for the world indeces at http://www.downloadquotes.com

Cityfeed is another data source (for the UK markets) but I don't have the url handy. Put in google or some other search engine and it will come up.

Hope this helps.

Also there is a group called "equismetastock" on yahoo clubs. Join that. It has a lot of experienced metastock users and hundreds of threads that can help with the learning process. http://groups.yahoo.com/group/equismetastock/

terod,
you were asking about the Fed I think.
Here's some useful info: Plunge protection

snoball - thanks for that. i was also provided another link which i have not yet looked at but i get the picture.

Hi everybody:
Snoball - Many thanks for all the leads.I will let u know how i am getting on.
Terod:saw your thread on real time charting -let me know what u unearth.

What do u reckon its going to do today.? I reckon its going to take a nose dive and our ftse dragging it down aswell. Watch the 9850 mark.
Looking at shorting today as i think they will consolidate b 4 moving north.

goodluck and keep everyone posted.

the trin was at 1.88 at 14.05 gmt

rhds
zarif