sorry folks, been on another bulletin board.
Fluke, yes and no. Its not as simple as that. But when the trend is up and ftse breaks above 510it is often a good trade.
I went long at 22 but for a number of reasons.
Jonny
I guess you are long too now ?
Fluke, yes and no. Its not as simple as that. But when the trend is up and ftse breaks above 510it is often a good trade.
I went long at 22 but for a number of reasons.
Jonny
I guess you are long too now ?
Fluke
keep your eyes on the macd. In an uptrend, once it breaks below zero, think of it as setting the trigger for a subsequent turn up.
It doesnt always go to zero of course before turning up.
And as an indicator, it will always be a little late.
If you are watching on Page 1, have a look at the S&P futures chart and you will see the synchronisation between that and ftse.
But that is not a 1 min chart so be careful.
keep your eyes on the macd. In an uptrend, once it breaks below zero, think of it as setting the trigger for a subsequent turn up.
It doesnt always go to zero of course before turning up.
And as an indicator, it will always be a little late.
If you are watching on Page 1, have a look at the S&P futures chart and you will see the synchronisation between that and ftse.
But that is not a 1 min chart so be careful.
jonnyy40
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Was going to PM you but that option doesn't seem to exist on your profile board. You know I prefer the investment side of things. This intraday trading is just a bit of fun -- and it is fun! But I'm doing what some of the other lads are doing on here - surer and steadier.
Hi Bonsai
I noted the SB companies you use. Have you traded the FTSE cash index (or equivalent) with all of them. It seems that if you want a quick fill of your order with D4F without any delay of re-quote you need to trade no higher than £25 per point (can try £30 as well but £25 seems better option).
This was one of the reasons I moved to Futures for the larger deals getting instant fills and now use D4F for my positional day trades and IB for my hit and runs. From your experience do the other SB's provide an instant fill on the FTSE above £25 per point.
For that matter if anyone has any experience of this kind with any SB I would be interested to hear; although from my initial research generally anything above £20 a point causes delays and can lead to re-quotes.
Kevin
I noted the SB companies you use. Have you traded the FTSE cash index (or equivalent) with all of them. It seems that if you want a quick fill of your order with D4F without any delay of re-quote you need to trade no higher than £25 per point (can try £30 as well but £25 seems better option).
This was one of the reasons I moved to Futures for the larger deals getting instant fills and now use D4F for my positional day trades and IB for my hit and runs. From your experience do the other SB's provide an instant fill on the FTSE above £25 per point.
For that matter if anyone has any experience of this kind with any SB I would be interested to hear; although from my initial research generally anything above £20 a point causes delays and can lead to re-quotes.
Kevin
never had problems up to £20
but I have heard some horror stories on all
for larger stakes on ftse.
Delay is the main complaint with reqote second
and very occasionally 'trade by phone only'
Delay is the real killer I think because the market is invariably moving against them when they want to close.
I do know of cases where profits have turned into losses
particularly with cfd's.
(scalpers territory !)
and some cases where they have refused to quote.
but I have heard some horror stories on all
for larger stakes on ftse.
Delay is the main complaint with reqote second
and very occasionally 'trade by phone only'
Delay is the real killer I think because the market is invariably moving against them when they want to close.
I do know of cases where profits have turned into losses
particularly with cfd's.
(scalpers territory !)
and some cases where they have refused to quote.
Bonsai,
Thanks for reply, you may have gathered that I do not post often during the session because of my trading style. Clearly SB is better value for positional trades although it is a shame they cannot produce business as usual above £25 on the FTSE. I may try doubling up and see what the reaction is otherwise I am limited to £25 and I do not want to end up working from multiple accounts; 2 is enough as it is unless I consider a 3rd strategy. LOL
Kevin
Thanks for reply, you may have gathered that I do not post often during the session because of my trading style. Clearly SB is better value for positional trades although it is a shame they cannot produce business as usual above £25 on the FTSE. I may try doubling up and see what the reaction is otherwise I am limited to £25 and I do not want to end up working from multiple accounts; 2 is enough as it is unless I consider a 3rd strategy. LOL
Kevin
the problem fot the sb's is that many times they dont really know who their customers are.
and if thay are not careful they can be left without the opportunity to lay off in the market.
For example, if I was one of those well heeled adequately capitalised 'locals' I would lay my trade and then immediately 'hit' the market with everything I've got.
During a quiet spell, it would be bound to move the market.
In fact some of them are big enough to clear out the order book.
The poor sb would then find himself trying to lay off with no takers !
Its not crooked but they do try to catch you at it. !
and if thay are not careful they can be left without the opportunity to lay off in the market.
For example, if I was one of those well heeled adequately capitalised 'locals' I would lay my trade and then immediately 'hit' the market with everything I've got.
During a quiet spell, it would be bound to move the market.
In fact some of them are big enough to clear out the order book.
The poor sb would then find himself trying to lay off with no takers !
Its not crooked but they do try to catch you at it. !