International Index Trading

[Edwood]

http://www.neowave.com/qow.asp

lol looks as tho Neely's now on crack as well!!! he seems to think he should be compared to Elliott the way Einstein was compared to Newton....

this bit is good tho.... "There is always the possibility an analyst will make a mistake or miss an important concept when doing wave analysis. That does not change the basic fact that wave theory does not have all the answers at all times. It is for that foundational reason I missed more than half of the March 2009-to-present rally in the stock market. It simply was NOT predictable and could not be counted on. That statement is correct whether other EW analysts took the chance and stayed bullish on the market from March's low. Logically speaking, and from a certainty and safety standpoint, only 1/3 to 1/2 of the March-to-present rally could be depended on."

bollocks he probably missed the rally cos he was stoned off his chops

 

[Edwood]

c/- Floos100 at livecharts, Shanghai projecting for another 30%-ish downside

 

[Trembling Hand]

I Hate Bracket orders

HSI!!!!!!!

 

[Broadway]

I Hate Bracket orders

HSI!!!!!!!

Was that because of Trichet talking?
500 points in 7 minutes.
Is it because of a never ending row of stops getting hit, or does someone big want alot of longs?

Last time this happened was the start of the mid-july rally that went for 2 weeks. You can't tell me a pro wants shorts?

 

[Trembling Hand]

Was that because of Trichet talking?
500 points in 7 minutes.
Is it because of a never ending row of stops getting hit, or does someone big want alot of longs?

Last time this happened was the start of the mid-july rally that went for 2 weeks. You can't tell me a pro wants shorts?

Started on the EUR then someone pushed and then it was just a stop explosion. Was always on the cards. Last 3 days have been very tight. Today more of the same. Not sure whats that got to do with getting shorts. this is some serious buying/covering.


Nice, though should of been so so so much better.

 

[Broadway]

Last time that happened was 14th July.
ES went from 900-1000 in 2 weeks.
HSI climbed at least 2000.

Perhaps short covering in the ES tonight.

 

[Edwood]

Retail punters surge back into the game - back to dot com levels

http://www.ft.com/cms/s/0/7a9acfa2-a494-11de-92d4-00144feabdc0.html?ftcamp=rss

 

[Edwood]

not really index so off topic but kiwi making a strong run against sterling. generally on a decent correction kiwi gets hit hard (ala Oct-08, Mar-09). Worth watching....

 

[Edwood]

a bit after the fact but long on Sterling-Kiwi at 2.2539, stop at evens will see how we go.

Problems brewing in the UK....?

http://www.telegraph.co.uk/finance/...90/Bank-calls-crisis-meeting-for-experts.html

 

[Edwood]

stopped out +5 - will wait for this drop to settle before looking for another sterling entry

 

[ThingyMajiggy]

you trading the ftse at the moment ed? i'm having a go on a demo account, seems to be nice and tradeable tonight, not that I have had much experience with it.

 

[Edwood]

hey Sam - no I wasn't on FTSE last night. good idea to go with the demo for a bit

 

[ThingyMajiggy]

hey Sam - no I wasn't on FTSE last night. good idea to go with the demo for a bit

yeah, not gonna be having a go live straight up thats for sure trying a new method on it too. worked out well last night, 11 trades, 8 winners, 3 losers, lets see how tonight goes

 

[Edwood]

yeah, not gonna be having a go live straight up thats for sure trying a new method on it too. worked out well last night, 11 trades, 8 winners, 3 losers, lets see how tonight goes

nice work Sam - just make sure total winning pts > total losing pts. school hols & change to summer time in NZ have put me out for this week, nice to have a few days out...

 

[Bobby]

Edwood I'm going to give an idea

The art of contradictory trading , going long & short at the same level ,you open a short then a long .
The name of the game is to be on the trend when it happens & cut the wrong without the chop getting both .
You use trailing stops to set the trend , you will need to practice this on your sim , it time you will only set one trailing stop at the right distance

Have Fun.

 

[Edwood]

Edwood I'm going to give an idea

The art of contradictory trading , going long & short at the same level ,you open a short then a long .
The name of the game is to be on the trend when it happens & cut the wrong without the chop getting both .
You use trailing stops to set the trend , you will need to practice this on your sim , it time you will only set one trailing stop at the right distance

Have Fun.

hi Bobby - cheers for that - what time frame are you talking? I did try something similar a few years back but realised pretty quickly it was pointless goign both ways at the same time - an easy way to lose money quickly and generally a sign of panic / not knowing what is going on and feeling one has to be in the market better to wait for clear signals with minimal risk

Ed

 

[Bobby]

hi Bobby - cheers for that - what time frame are you talking? I did try something similar a few years back but realised pretty quickly it was pointless goign both ways at the same time - an easy way to lose money quickly and generally a sign of panic / not knowing what is going on and feeling one has to be in the market better to wait for clear signals with minimal risk

Ed

Hello Ed,
Yes there is more to it then just going both ways and waiting to see what happens .
Time frame is intra -day , I'll think about sending ( you ) something thats not so nebulous

 

[Edwood]

yeah no worries Bobby, chuck it over, always useful to look at others ideas

how's sterling-kiwi? relentless. would be a brave man stood in the way of that sucker. last one out of blightee please turn off the lights

 

[Edwood]

sterling just broke up out of a descending wedge against kiwi fwiw

 

[Bobby]

yeah no worries Bobby, chuck it over, always useful to look at others ideas

Greetings Ed ,
If I send you some info regarding roll off when setting both plays , that will cover the buy/offer chop bullsh*t & same when the trend is on .
Will you confirm you won't share ?