US Indices intraday trading - JULY 2003

[stevem12]

I have to say as a scalper I do enjoy a choppy range bound period. especially as I no longer use those silly SB firms

Get ready for a big move, as I`m now out, having hit my daily target

Steve

 

[SUNSEEKER]

should reverse now

 

[sidinuk]

Tom, how tight was your stop?

Tim

 

[SUNSEEKER]

tight, very tight ..., Dax is under the range, so still in....the SP was a scalp and took a cheecky one

 

[zcaprd7]

Sun - did you watch the tv on IG index last night - I hope your lot aren't that bad!!

 

[david2000]

Hi Tom, this is where your hiding. Some good calls this week. Bit whiplashy though....

 

[genti]

zcaprd7

what was they talking about IG IN THE TV LAST NIGHT, cos i didn't get a chance to watch it.

Greetings
Genti

 

[SUNSEEKER]

hi 2000 david....I am standing aside right now

 

[SUNSEEKER]

US breaking down and the darn DAX is not budging

 

[david2000]

Good idea, thought you were. I won't tell... UKX is resilient too , Tom. Philly Fed at 5pm. US might get squeezed up into that.

 

[2468steve]

Tom,
I've been short Dax since lunchtime.Frustrating not to see it crumble.

steve

 

[SUNSEEKER]

done for the day....chew on this you disbelievers

 

[SUNSEEKER]

Steve, there is monster support around this level........

 

[zcaprd7]

Genti - the moeny programme followed a dealer and a punter during the Iraq war.

They were both v. poor - the IG dealer couldn't justify why a war might affect stock prices!

 

[2468steve]

Tom ,
yeah,was resistance last week,holding support today.Waiting for break if it comes.Depends on US for rest of today.

Steve

 

[SUNSEEKER]

did you catch that Dax move

 

[SUNSEEKER]

I wish I had seen that programme, but I dont have a TV...

I shorted it at 81, next thing it is bid 74...MINE thx...the whole thing took 11 seconds accroding to my blotter

 

[2468steve]

Tom,
missed it, was scratching me a**se.
thght we had gone thru then.Dax strong around here.Make or break in next hour.

 

[SUNSEEKER]

****?

 

[jpwone]

Got the early short in at 90 on Dax and closed at 69. Put the short in again at 74 and closed at 62 on the spike down. Did not hold it as move was confirmed on CAC and FTSE but not on Dow so happy to take the points and will wait and see if can get the short back in again - looking for 3272 as an entry this time - not hopeful of seeing it and if I do it could be a reversal so cautious time now.