For the record we got as far as 228 so far .....
great call dude...
For the record we got as far as 228 so far .....
great call dude...
the ftse ticking up right now . but I want to short it .. but from where .. if I go long it could and probably would fall sharply
the DOW looked weak at the close yesterday, the Nikkie fell convincingly, we still don't know who has lost what in this sub prime thing = uncertainty
will there be any support at 13000 for the dow?
tricky this trading lark
I've just closed my long position. As usual, I could have made more--I've contented myself with half
It may wait for the Wall Street open.
In answer to your question, I dunno. I just go from 15' to 15' . When I get tired, I put a stop on and get lost!!
well done, not easy to collect points today .. (not like yesterday) I am currently short .. closing imminently
15' to 15' ? 15 minute bars?
Yes, perhaps I should use 5', but I find I don't trade so frequently with 15'. I try to spot the main tops and bottoms on the hourly. That's difficult today. Maybe if I opened with 15' and closed with a 5' I would get out sooner?
Now you know my secret to the road to fortunes! I don't mind sharing---but not the loot, there's not enough for the two of us!
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Looks like you should have shorted at the time of posting. I've got the index on a trendline from the low of Aug 10th. It will, either, bounce or go on through----as always.
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It's going through. I was lucky with that long position. I had one like that yesterday, closed the long and my wife called me to the most expensive lunch for a long time!! By the time I got back, it was all over.
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I just took 10 points on a long trade. It must be something in my make up that makes me try a reversal. It's far easier to do what you do----go short in a short market, but I believe that I can see a turn and must try it. I've made 23 points today, so far. I suspect that you have done better!
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very quick question for anyone to answer, what are your usual stops on your average ftse day trade ? I mean do you try and keep your risk/reward ratio constant, or do you focus more on keeping a constant stop level ?
Thanks I'm just trying to improve my stop strategy, I feel it's whats letting me down at the moment - Im constantly making good predictions and then getting stopped out too tight stop levels, or making losses on too large stop levels .
I'm anyone:cheesy:
At the moment I am starting with a 20 point stop .. which is quite large on the ftse I feel. when the market rose today I followed it up with a 10 point trailing stop .. letting the market get away from it before resetting to 10ish .. it worked for that trade .. it may not work for the next.
I think I'd rather lose 21 points and have three trades than lose 20 points on one trade
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