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

snoball

if you're not winning v. DOW, how are you balancing/ending in profit? do you also trade UK/US stock, long/short the FTSE?

as i write, i'm still messing with bog-stndrd FTSE shares, via on-line broker - it's what i know v.well and have had success with over the years.

which 'views' do you have up on screen during the trading day? ie. Lvl II platform, SHARES AM, professional trading software......

thanks - and good luck today!

tammy

terod,
I'm not in profit. I have an occasional punt on uk stocks. I don't trade the FTSE, though I have tried a day trade or two.

I don't use Level II though I am sure I should.
Well, if you are successful with FTSE shares, any tips are welcome.
Do you post your trades on the traders thread?

I only have my Quote.com real time screen up and my Finspreads screen.
I use Metastock end of day charting which I use to follow the markets and
to develop my own trading systems. I'm working on a medium/long term system based on the 'turtle trders' system to trade spx. dow and ftse.

I'm not day trading the Dow/SPX for the moment, though now volatility is
picking up I may do so soon.

snoball - what keeps your spirits up if you're not in profit, or are you on a temporary downturn?

as for FTSE tips, i have had for some years a trading programme called STAR TRADER and it does all the hard work for me. it highlights half doz. or so shares a day that it considers a 'buy', i then x-chck against 3mths + 14day EMA

terod,

"what keeps your spirits up if you're not in profit"

skill, determination, officer quality and the will to win, plus the skilful use of coloured chalk. lol.

Terrod Hi,
what do ur charts say about ARM and Colt CTM...

should be rising ??

Ta.

Jules

Colt is at its 50 day moving average, which is rising.
It could go either way.

SNOBALL,

Cheers...I guess it's the same with many of the tech stock, either way...to be safe I sold half of arm...feel better for it...phewww..

Which two stocks would you consider shoerting at some point...?

shorted sage...expect it to hit 1.70 again...

good call hopefully...

How do u se dow this week..?

jules99

i've had a look at CTM and ARM, both 'sideways', the two methods i've been using are really only applicable to the FTSE100 in anycase (could be used in broader market but a bit risky)

i'd be inclined to go long on BA., only if price hits 181p.

on what basis did you short SGE?

tammy

SAGE has a tendecny to move between 160-182...no fundamental reason why it desrves to be above the 182...without very good news...

should fall back to 170, at some stage this week, for profit take...

No major analysis..

Jules99.

Would be happy to see the DOW go south gradually this week...in profit take as it's had a good run...last 3 sessions...

down to the magic 4350 and then regaining support and back up...

any thoughts...?

Quiet day out her shorted by trying something new today...made thirty quid or rather$30...3 points...will pay half the council tax...this month...or not...

closed at 9592...so is mad rally running finally run out of steam...?

Everybodys thoughts welcome...point is it closed above 9580...which is somewhat positive but was that enough...?

Jules99

I've got a sell signal on the Dow today - IF I was trading it.
But I would be happier to wait for confirmation tomorrow.
Trouble is the Dow moves so fast, by the time it confirms it is too late.

Shorted Reuters today.

This is useful for watching the Naz

Hello everybody:
Hope you all had a good weekend.
What are you views on the dow today???
I reckon we should see a trip southbound and have got my shorts ready and hand on the trigger.
rgds
zarif

Evening all:
The dow is trendless at present and i feel we should scalp as many points that come fomfortable and the little trades accumulate to give the total rather than rely on the trend being our friend as it ends up giving us a kick in the choppers!!!!!
rgds
zarif

hello everybody:
Are we ready for our battle with the Dow today????
Philosophical start to the day today with the following lines by Sun Tzu:

THE GENERAL WHO WINS A BATTLE MAKES CALCULATIONS IN HIS TEMPLE BEFORE
THE BATTLE IS FOUGHT.
THE GENERAL WHO LOSES A BATTLE MAKES BUT A FEW CALCULATIONS BEFOREHAND.THUS
DO MANY CALCULATIONS LEAD TO VICTORY AND FEW CALCULATIONS TO DEFEAT.

Good morning to you all

rgds
zarif

My calculations still indicate a sell on the Dow.
I am not trading them though.

Morning all.

To: all the people who are participating:

Yes - Agreed with the idea from this very instant we only post our messages, ideas etc on :
THE DOW INDEX -thread

and discontinue the other two

rgds

zarif

To all the friends:
While waiting for the dow market to open I am taking this time to give you an insight as to how I do money management on my trades (with flexibility of course -its not laid in stone and can be altered as market dictates)

so here goes my scheme:

The formulae

You might think we are just risk averse wimps, but nevertheless if you have got this far don't let ignoring money management ruin an otherwise excellent trading methodology

A good money management system is simple and the biggest aid to security and successful profits. Once it gets going, it compounds and works for you, not against you.

My simple method to calculate bet size is as follows:

Bet Size = (Capital X 5%) divided by the stop

For example

1. Capital say 5,000

2. Maximum risk per trade 5%

3. Stop points per trade 20 points (e.g. FTSE100)

Bet Size = 12.50 = (5000 X 5% )Divided by 20

Using this formula we now know that a bet of 12.50 per point is within our stop loss parameters.

rgds to all
zarif

hi,
just closed one short opened at 9638 and closed at 9593 at 15/pt. Nice earner as as starter and blow of whistle (more a trumpet!!!)and now waiting for the market to comeback to me.
rgds
zarif