Splitlink said:
And Brown is going to announce the budget on March 22 as well http://news.bbc.co.uk/1/hi/business/4808450.stm. I hope he's not going to introduce new tax on spread betting
And Brown is going to announce the budget on March 22 as well http://news.bbc.co.uk/1/hi/business/4808450.stm. I hope he's not going to introduce new tax on spread betting
Lightning McQueen
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barjon said:
Hi Jon
Yes I see that now, agree totally with you about fridays bar,well spotted its low is rather low isnt it so to speak
although my friday bar looks the same as yours others on my chart do not , other bars highs and lows appear different to both hungvirs and your chart compared to mine
I use yahoo data for my EOD charts (free)
hungvirs data comes from Advfn I believe (free)
I believe that free is the problem here if i recall there are posts on T2W somewhere that deal with this issue on free data
in your opinion jon would this have much of an impact on hungvirs dow trading? I suppose it must do really if you are basing a strategy on price moves that were never really there
For the benefit of others interested "DOW Data On Yahoo" can be found in the forum US Indices
http://www.trade2win.com/boards/showthread.php?t=18341
Im now off to compare yahoo data with Quote.com data (if thats any better that is)
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barjon
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hung/don
I vaguely remember someone talking about yahoo data (and it looks like advfn, maybe) including over-the-counter deals ( http://www.trade2win.com/traderpedia/Over-the-counter ) which may explain it.
jon
I vaguely remember someone talking about yahoo data (and it looks like advfn, maybe) including over-the-counter deals ( http://www.trade2win.com/traderpedia/Over-the-counter ) which may explain it.
jon
barjon
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hung
Yes, they have all the main indices. You'll find differences between a lot of data providers. Highs for example - some use highest offer, some highest mid-price, some highest trade and so on.
Similar with openings - for example, Sharescope only fairly recently recognised gap openings on FTSE (because they used follow the LSE rules that open=close (ie: taking no account of pre-market auction)). This means you would get very different looking candles depending on how they operate.
jon
Yes, they have all the main indices. You'll find differences between a lot of data providers. Highs for example - some use highest offer, some highest mid-price, some highest trade and so on.
Similar with openings - for example, Sharescope only fairly recently recognised gap openings on FTSE (because they used follow the LSE rules that open=close (ie: taking no account of pre-market auction)). This means you would get very different looking candles depending on how they operate.
jon
Lightning McQueen
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hungvir said:
hung after some research the only problem with our charts is that the price bars are a bit too long in places thats all . The close is ok (for yahoo) and as such wont affect any indicators running off this data that rely on the closing price as far as I can see, but will affect eyeballing them for potential trading plans and strategies
As for myself I am happy to use yahoo data for my strategy development for now but will not post any more charts that are derived from them so as not to cause confusion or misrepresentation
A big thank you to barjon for pointing this data anomaly out to us
I still don't want to dump my idea that the DOW should move down an X amount of points for every Y amount of points in an upward surge. Will do more research when I am less sleepy. If I can say, for example, the DOW tends to move down 40 points whenever it rises 200 points in three days, then I can short it with confidence at intervals.
Again, I would long future contracts to hedge short positions.
Have a good night!
H
Again, I would long future contracts to hedge short positions.
Have a good night!
H
Something fishy
There must be something wrong with the way Fins skew their future prices.
I bought AZN June contract when the market price was above 2906. The share price was 2884 at the close today, 20 points below where I bought it. Yet the future price has dropped 44 points.
hungvir said:
There must be something wrong with the way Fins skew their future prices.
I bought AZN June contract when the market price was above 2906. The share price was 2884 at the close today, 20 points below where I bought it. Yet the future price has dropped 44 points.
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FTSE to 10,000?
Two interesting stories from the Sunday Times.
Is the Footsie heading for 10,000? - http://business.timesonline.co.uk/article/0,,9556-2092044,00.html
10 reasons to be fearful - http://business.timesonline.co.uk/article/0,,16849-2092360,00.html
Two interesting stories from the Sunday Times.
Is the Footsie heading for 10,000? - http://business.timesonline.co.uk/article/0,,9556-2092044,00.html
10 reasons to be fearful - http://business.timesonline.co.uk/article/0,,16849-2092360,00.html
Tpk
Travis Perkins has been trending up. To be honest I know nothing about this firm but would add it to my long list purely because the charts look good and their bid/offer spread is among the tightest.
If it continues to move down for two more days, I'll buy it when it starts to move up.
Travis Perkins has been trending up. To be honest I know nothing about this firm but would add it to my long list purely because the charts look good and their bid/offer spread is among the tightest.
If it continues to move down for two more days, I'll buy it when it starts to move up.
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frugi
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From: Is the Footsie heading for 10,000?
Not that this bearish view of the market stopped him from taking charge of the long-only Merrill UK Fund in October 1999 of course. I'd love to see his predictions from the 1999 annual report.
Still, at least he's beaten the All Share which is more than can be said about most of them.
Not that this bearish view of the market stopped him from taking charge of the long-only Merrill UK Fund in October 1999 of course. I'd love to see his predictions from the 1999 annual report.
Still, at least he's beaten the All Share which is more than can be said about most of them.
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Hi Frugi,
I consider all comments as 'noise' and rely almost 100 per cent on charts. But it's good to know what fund managers are thinking. At the end of the day, if they don't buy, then the current trend can come to an end.
But I think the current frenzy must have drawn many novices to the market and many are (or will be) losing big money. Some talked about it on T2W while others just silently quit or swallowing the pain in solitude.
I consider all comments as 'noise' and rely almost 100 per cent on charts. But it's good to know what fund managers are thinking. At the end of the day, if they don't buy, then the current trend can come to an end.
But I think the current frenzy must have drawn many novices to the market and many are (or will be) losing big money. Some talked about it on T2W while others just silently quit or swallowing the pain in solitude.
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