FTSE 100 January

[mully]

Europe

The picture

 

[bonsai]

looks good mully

bet calls are cheap right now ?

 

[mully]

Before I vanish off for the w/e I want to leave these thoughts re positions and degree of risk

Taken from Soros: The Life, Times and Trading Secrets.

He would take a TOEHOLD [my emphasis] position
to test the [his] hypothesis,
and then wait for the market to prove him right or wrong.
If it was, he took an even larger position,
his degree of self-confidence determining
just how big a position to take.
If the hypothesis happened to be invalidated,
he did not delay.
He got out of his investment.

 

[Hooya]

Good for him so he waits for the market to prove that he was right 5 mins ago...does that mean he is right now???

btw Im not suggesting it's not a good trading method, just simply that i dont believe its the lowest risk way of trading

 

[Trading Shed]

Dow

Did anybody see the DOW spiking down to 10380 in Deal 4 Free at 1.30pm?

 

[bonsai]

so we didnt get the pop

it may come in reverse order ?

edit
you mean this ?

 

[Hooya]

we have more data to come it think so...drop and pop instead

 

[bonsai]

I see the spike and used to kill stops ?

now show me some who was actually given the offer !

lol

 

[Trading Shed]

Bonsai - yes, any significance in your opinion?
it stopped me out of my long. :-(

 

[Hooya]

have you got a futs chart to prove there was such a move?
If there wasnt call them and tell them to reinstate your position as it was a rogue price

 

[bonsai]

TS
only that you were there to be taken out ?

they play hardball !!!!!!!!!!!

meanwhile I have taken 32 pts on the dax.
I don't know what's going on there either !!!!!!!

 

[Trading Shed]

Hooya - no I don't.

Can any of you guys provide one?

Do you mean that if the spike does not show on the futs chart I can ask for the position to be reinstated.

Has anyone done that before?

 

[bonsai]

do it now
get to the head of the queue.

edit
ah 1.30 ?

get to the back of the queue !



but get to them before the market drops to that level !!

if we dont fall there it will show up as not being in O/H/L/C for the day

 

[Hooya]

looks like it could be correct im affraid i cant find one for dow but this spx mini thingy shows aspike?

<img src='http://charts.futuresource.com/cme/fschart?CONT=ES1!&SHOWEXTENDEDNAMES=TRUE&HEADERFOREGROUND=255,255,255&HEADERDATACOLOR=255,255,255&HEADERBACKGROUND=49,48,99&NARROWSCALE=FALSE&SHOWHEADER=TRUE&SHOWVALUEMARKERS=FALSE&SHOWHGRID=TRUE&SIZE=380x200&PERIOD=V&BARTYPE=BAR&BARDENSITY=LOW&VARMINUTES=15&STUDY=NONE&random=126'>

 

[Hooya]

Sorry TS ive found the march mini dow and that went down to 10360 at 7.30 US time

 

[bonsai]

yea, from what I have heard elsewhere, it looks genuine

tough TS
move on ?

what's next ?

 

[Hooya]

the US trying to get FTSE to close on a low....so we are forced to gap up on Monday???

 

[Trading Shed]

So it did, Hooya. Thanks.

 

[bonsai]

10400 on the dow needs to be tested.

were not there yet.

 

[Hooya]

my weekly is begining to look interesting...you know what they say if you are up high....... don't look down...probably the only way this will continue to go is if they power on up

<img src='http://lc-d.sc8.finance.lycos.com:443/1075477460171?User=demo&Pswd=demo&DataType=GIF&Symbol=INDEX:COMPX&Interval=W&Ht=400&Wd=600&Display=2&Study=STOC&Param1=55&Param2=23&Param3=&FontSize=10&BgColor=0.255.0&TBgColor=0.255.0'>