barjon said:
Whilst wanting to avoid premature exiting, the dow erection to its current level was fast, one is inclined to think that it may have difficulty in maintaining the position and thus titilation of ftse may come to an end before opening tomorrow.
Regards
bracke
barjon
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bracke
Just a few (15) which doesn't do a lot to offset the recent scorings of red ink in my ledger. Still, given my recent performance it's as welcome as an oasis in the desert to parched traveller.
You never know, might have a gap in the morning for you to wax lyrical about.
btw the bottom today couldn't have come at around the mid-point of the last long white could it
good trading
jon
Just a few (15) which doesn't do a lot to offset the recent scorings of red ink in my ledger. Still, given my recent performance it's as welcome as an oasis in the desert to parched traveller.
You never know, might have a gap in the morning for you to wax lyrical about.
btw the bottom today couldn't have come at around the mid-point of the last long white could it
good trading
jon
barjon said:bracke
Just a few (15) which doesn't do a lot to offset the recent scorings of red ink in my ledger. Still, given my recent performance it's as welcome as an oasis in the desert to parched traveller.
You never know, might have a gap in the morning for you to wax lyrical about.
btw the bottom today couldn't have come at around the mid-point of the last long white could it
good trading
jon
I will reserve any wax for your candles.
It might well have done - I show another chart in order to add balance to the discussion.
As a matter of interest did you apply the mid candle theory to determine your entry to the ftse today?
Regards
bracke
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barjon
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bracke
golfing today so just catching up and almost forgotten yesterday until you so rudely reminded me
No, the tears came from my main swing trading. Don't use candles for entry (although might occasionally increase position size a bit) but do use them to help inform exits.
good trading
jon
golfing today so just catching up and almost forgotten yesterday until you so rudely reminded me
No, the tears came from my main swing trading. Don't use candles for entry (although might occasionally increase position size a bit) but do use them to help inform exits.
good trading
jon
barjon said:bracke
golfing today so just catching up and almost forgotten yesterday until you so rudely reminded me
No, the tears came from my main swing trading. Don't use candles for entry (although might occasionally increase position size a bit) but do use them to help inform exits.
good trading
jon
Apologies for resurrecting that, that you prefer to forget.
I am going to push my luck a little further and ask if you would be prepared to post charts of one or two of the trades that you most thought were winners but were not. Ideally showing your entry, target and exit and the reson why you took the trades
The object would be to learn from your mistakes ( much cheaper for the rest of us ) and trying not to use hindsight, comment on your trades.
I promise not to make sarcastic or cynical comments.
I fully understand if the memory is too painful and you do not wish to discuss them
Regards
bracke
MGBRoadster
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Closing prices
I'm researching a FTSE gap strategy (modified from http://www.cbot.com/cbot/pub/cont_detail/0,3206,1070+14719,00.html ) but i'm a little confused by the closing prices.
The final price I recorded for ZH5 on IB at 17:30 yesterday was 4818
This morning I logged on to find a figure of C4811
Can anyone let me know where 4811 comes from, and which figure should be my target ?
Thanks
Chris
I'm researching a FTSE gap strategy (modified from http://www.cbot.com/cbot/pub/cont_detail/0,3206,1070+14719,00.html ) but i'm a little confused by the closing prices.
The final price I recorded for ZH5 on IB at 17:30 yesterday was 4818
This morning I logged on to find a figure of C4811
Can anyone let me know where 4811 comes from, and which figure should be my target ?
Thanks
Chris
knucklehead
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gullible said:
The trend changed on 3rd January 2005 with all that energy sector selling!
Huge sell day for the dow was 17dec04, nasdaq needs only 4/5 higher volume sell days to change the trend !
Look out below
K|nuckleheadknucklehead said:The trend changed on 3rd January 2005 with all that energy sector selling!
Huge sell day for the dow was 17dec04, nasdaq needs only 4/5 higher volume sell days to change the trend !
Look out below
Thankyou, how did you detemine the trend change on 3rd Jan? I thought as much, but since 3rd Jan FTSE touched 4850 and stayed above 4810 level for much of the time. I than changed my view -prior to this 'strenght' I fely FTSE would go down to 4732 for a breather before resuming downward trend. Don't ask me why as I do not have a clue
knucklehead
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gullible said:
I followed the method of Mr William O'Neil, trend change on 4th distribution day which occurred the day after on the 4th, just as that nice Mr O'Neil said. Obviously I'm looking to see if the next high is lower than the previous one which would confirm a trend change.
The Ftse refused to turn at that time, prefering to follow european stocks. If ftse fails to find support at 4800 then it will go back to 4700.
