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International Index Trading

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I mean I assume he deleted it after he realised he was mistaken (at least as far as I can tell, can't see a H&S anywhere).
 
Yeah I think thats what happened. And the reason for my questioning the time frame.
 
i pulled my order... i mean post.
and only lost a tick on my head and shoulders trade.

come on i had to go for it!
 
Mr J said:
FTSE :sleeping:.
Click to expand...

what's wrong with FTSE Mr J? don't start slagging my mistress! she's nearly perfect - keeps me on my toes, spanks me every now & then, has me up all hours from time to time... but best of all she pays me!!
 
I must've caught her after you were done, because she's only just woken up. Too late for me now, I'm no longer in the mood.
 
lol - true I was finished early this evening
will probably dawdle about until US open now anyway, but thats much too late for me
 
FTSE on a tear again, .38 retrace of the entire down move is around 4710-20 area, maybe we can make it there today
 
Nice one Edwood

On another note. Never a dull moment in Honkers,
 

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Trembling Hand said:
Nice one Edwood

On another note. Never a dull moment in Honkers,
Click to expand...

They closed down the outside rides at Honkers Disneyland due to a typhoon alert when we were there in June, it's a shame as it might of added some spunk to their mediocre rides....
 
Edwood,

I recall you used a spreadbetting broker to execute your trades. If not intrusive, can I ask is this still the case, and if yes, which one? Do you scalp these indices or more swing trade?
 
Hi el caballo - no problem
for sb I mainly use CMC but also have a/cs with IG and ETX. generally scalping first 2 hrs FTSE and occasionally run a position for more than a day. are you thinking of going sb or something?
 
Thanks Edwood.

I was interested as I have used IG for forex and indices. However, with index scalping, I found the spread very difficult to overome, and a severe disadvantage. To have to scalp "at market" leaves almost no room for error. I found scalping far more feasible with forex, particularly when the spread is less than 2 pips (as with EUR/USD), as it is typically more volatile than indices.

Position trading is of course a different thing altogether, and very feasible in spite of the spread. Even then, is there any reason you do not use a futures broker to trade the real market?

Any thoughts?
 
no worries
yeah the spread isn't helpful, have to use limits and I'm generally looking for min 5 pts on any trade
I also have an IB a/c for futures, went back to sb when the margin requirement exploded during the meltdown. for stuff like ASX200 out of hours spreads are generally 4 pts and margin is only 300quid per equivalent futures contract so its quite a 'cheap' way to partcipate in the after hours.
the attraction with sb for FTSE over futures is they make a price pretty much 24 hrs. for us over here we can often get onto overnight moves while the UK sleeps which give a big advantage over the opening futures price - sometimes 30pips plus

that said they are making the price and you have to contend with skew and requotes - which is why you're better to use limit orders
 
Very informative - last questions I promise ....

Do you trade full time?
Do you use IB more than the market maker brokers, or vice versa?
 
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