Jdtrader - day trading

Rio Tinto

Think its on the turn in Long at 2561 Paddy Power hate this Demo software price jumped as they give the Avg price.

Stop on my next line I've marked on my chart 2514 limit 2600
 
JDTRADER said:
Rio Tinto

Think its on the turn in Long at 2561 Paddy Power hate this Demo software price jumped as they give the Avg price.

Stop on my next line I've marked on my chart 2514 limit 2600
Click to expand...

Just amended stop to 2530 not sure I called this right
 
Ok I got to take the wife shopping.

Got 5 open positions:

FTSE 100 Long 4963 stop 4930 Limit 5021
EUR/USD Long 1.4536 stop 1.4520 Limit 1.4555
Rio Tinto Long 2561 stop 2530 Limit 2600
RBS Long 56.1 stop 40 Limit 200
Cadbury Short 778.2 stop 800 Limit 600

At this point up £98 on the morning
 
JDTRADER said:
Ok I got to take the wife shopping.

Got 5 open positions:

FTSE 100 Long 4963 stop 4930 Limit 5021
EUR/USD Long 1.4536 stop 1.4520 Limit 1.4555
Rio Tinto Long 2561 stop 2530 Limit 2600
RBS Long 56.1 stop 40 Limit 200
Cadbury Short 778.2 stop 800 Limit 600

At this point up £98 on the morning
Click to expand...

EUR/USD
Hit my limit 1.4555 +£19
 
GladiatorX said:
I agree...


In general when companies are bought, there share prices rise, after all it means the other company thought they were a worthwhile company and now they will have loads of additional resources!
The reason Cadburies price rose so much after the Kraft bid was rejected was because further bids were rumoured to be coming in and it meant Cadburies percieved they were worth even more than that bid they said it 'fundamentally undervalued' them, hence - Demand for a company... If a company has demand from other companies, it must be good - So investors bought...
If the bids are dropped prices will fall and your short will work; But on the more-likely option that Cadbury is going to bought it; Prices will gap and stop price won't be hit (Unless its guranteed) hence, you are trading a very volatile market...

Additional bids MAY come in from Cadbury, gapping price up overnight and therefore its high risk...

Just in case you weren't sure of these elements upon entering your short!
Click to expand...

I agree with you just thought that if Cadbury stay on there own which they have stated they can do there might not be a buy out or merger so the price could drop over the next 2 months. I got at stop at 800 and if its hits 810 then I'm in aggreement with you on a buy to 900+ if a bidding war starts.

This is me pre trading on a Demo account so I'm trying things out to get a way of me making a profit. I'm glad you stopped by this is exactly what I wanted to here other traders views.

I could of done a paper Trader Diary but it does not talk back lol :LOL:
 
JDTRADER said:
Just thought this might be a resistance line to Long at 4963 stop 4930 limit 5021

We will see if I'm right ?
Click to expand...

Resistance I ment support, its at 4980 so just locked in 10 pip profit moved stop to 4973 will it push higher ?
 
London FTSE 100 has moved up so just now before the starting bell I gonna go for a buy on S&P 500 1035.2 stop 1033.0 limit 1041.0
 
EUR/USD
short 1.4590

FTSE100 locked in profit stop 4983 which just hit +£20.00
 
EUR/USD
stopped me out again ! 1.4620 -£30.00

S&P 500
Locked in profit moved stop to 1037.0
 
EUR/USD

Not sure where this is going but taking a last stab at a short 1.4611 stop 1.4630 I can only think its the open in U.S pushing dollar, will it fall back ?
 
JDTRADER said:
EUR/USD

Not sure where this is going but taking a last stab at a short 1.4611 stop 1.4630 I can only think its the open in U.S pushing dollar, will it fall back ?
Click to expand...

Answer no stopped out at 1.4630 -£19 no more today on this today.
 
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