International Index Trading

[professor_frink]

Would dream of even attempting the HS. Do you trade it EOD or just ID? I'm sure you've said this before somewhere.

Cheers,

just intraday. If I get the urge put on a swing trade, I'll generally do it on the spi.

Once you get used to the way it skips around, the HSI is great to trade. But it's definitely something that needs to be watched live for a little while before attempting

 

[CanOz]

just intraday. If I get the urge put on a swing trade, I'll generally do it on the spi.

Once you get used to the way it skips around, the HSI is great to trade. But it's definitely something that needs to be watched live for a little while before attempting

Great advice as per usual Prof!

Cheers,

 

[Edwood]

The value of shares traded on China's stock markets on Wednesday was greater than the rest of Asia combined - including Japan - helping the benchmark index to breach the 4,000 mark for the first time.

Analysts said this was almost certainly the first time that turnover at the Chinese bourses had exceeded that of the rest of Asia. The Shanghai Composite Index rose another 0.8 per cent Thursday morning to reach 4,044.060. Trading volumes remained heavy, with 107.5bn A shares changing hands, but moved at a slightly slower pace than on Wednesday.

 

[Uncle Festivus]

Dow Jones - Don't know how technically correct the chart is, but it looks to be running out of steam or rounding over, & nicely within Fib ranges? Data out the next 2 days might tip it over maybe?

 

[wayneL]

Dow Jones - Don't know how technically correct the chart is, but it looks to be running out of steam or rounding over, & nicely within Fib ranges? Data out the next 2 days might tip it over maybe?

I'm beginning to wonder if NY being turned to glass wouldn't be viewed as extremely bullish... providing the Fed held rates that is

 

[Uncle Festivus]

I'm beginning to wonder if NY being turned to glass wouldn't be viewed as extremely bullish... providing the Fed held rates that is

The funny thing with the whole business is that a bunch of analysts come up with some figure - say company profits - which had been in double digits for previous periods, and set it at a low value so that even when profits come out in the single digits ie profits are going down, it's viewed as a positive outcome because it bettered their estimate and the sp & indexs go up.

The economy is getting smashed & the financial Nero's are still playing the same tune .

 

[wayneL]

The funny thing with the whole business is that a bunch of analysts come up with some figure - say company profits - which had been in double digits for previous periods, and set it at a low value so that even when profits come out in the single digits ie profits are going down, it's viewed as a positive outcome because it bettered their estimate and the sp & indexs go up.

The economy is getting smashed & the financial Nero's are still playing the same tune .

Breaking News...

It was revealed today by the Dept of Labor that 1 in ten people still have a job and that average earnings had not reduced to zero as previously projected. Wall street surged on the news to make another all-time high of 135,128.

In other news, the Dept of Propaganda released the following decrees:

"Ignorance Is Strength"

"Freedom Is Slavery"

"War Is Peace"

"Black is White"

"Up is Down"

Wall street analysts reveal that this government initiative may propel the Dow to over 500,000.

Reuters.

 

[professor_frink]

Breaking News...

It was revealed today by the Dept of Labor that 1 in ten people still have a job and that average earnings had not reduced to zero as previously projected. Wall street surged on the news to make another all-time high of 135,128.

In other news, the Dept of Propaganda released the following decrees:

"Ignorance Is Strength"

"Freedom Is Slavery"

"War Is Peace"

"Black is White"

"Up is Down"

Wall street analysts reveal that this government initiative may propel the Dow to over 500,000.

Reuters.

If that is from Reuters, imagine the CNBC version of that story

 

[Edwood]

must be nearly time to get the beer suit on...

disappointing Walmart sales figures & US trade gap widens sharply

 

[wayneL]

must be nearly time to get the beer suit on...

disappointing Walmart sales figures & US trade gap widens sharply

Bullish!!!! lol

 

[chops_a_must]

Dow Jones - Don't know how technically correct the chart is, but it looks to be running out of steam or rounding over, & nicely within Fib ranges? Data out the next 2 days might tip it over maybe?

Great call UF. I hope you were on it.

It will be interesting to see where it heads to from here, but looks to be a healthy fall at this stage.

 

[Edwood]

yes well spotted UF

and about feckin time! these late nights have been killing me

this is ASX all sessions. closed Dow too early by the look of it but still short SMI & Dax

 

[Edwood]

nicked this from a UK bb for FTSE100

 

[Edwood]

and heres a harmonical one for the Dax - great stuff them harmonics, haven't had time to get my head around them yet unfortunately but why bother when people produce this!

 

[Edwood]

an update from Marty Chenard on China - GS have issued a warning today fwiw... guess I'll have to double up on my ASX short again!

http://www.stocktiming.com/Thursday-DailyMarketUpdate.htm

 

[professor_frink]

and heres a harmonical one for the Dax - great stuff them harmonics, haven't had time to get my head around them yet unfortunately but why bother when people produce this!

I don't quite understand it, but it looks real pretty

 

[Edwood]

yeah it looks impressive hey! thats the Carney stuff Prof - think that one is a bearish gartley or something like that - all based around fibs (I think - but don't quote me, I have to read that stuff yet too!)

theres 3-4 guys over there who have it sussed. the one below - he's coded an indicator up himself into MT4 that helps to spot them

 

[professor_frink]

yeah it looks impressive hey! thats the Carney stuff Prof - think that one is a bearish gartley or something like that - all based around fibs (I think - but don't quote me, I have to read that stuff yet too!)

theres 3-4 guys over there who have it sussed. the one below - he's coded an indicator up himself into MT4 that helps to spot them

sweet. I'll have to bump it up the to do list then

 

[CanOz]

FTSE gapped way down open....does it often gap to S1 from the pivot?

Cheers,

 

[Edwood]

yep FTSE likes to gap at the open but in general it makes for difficult trading imo. not like ASX in terms of gap filling. you get some reasonable trend moves in the morning but often sits from 12noon until US opens at 2.30pmGMT then just follows the US.