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Trading the XJO with CFDs

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Re: Trading the XJO with CFD's

trembling Hand said:
Now would be a good time to see what they match it to. Is it still trading while the SFE is down?
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Hi TH here is the xjo and IG comparesion. IG have widened there spread to 8 points which pisses me off.

as off right now

XJO = 5605.9 IG XJO = 5604.6 very good i must say

Since i posted that i have been watching both the prices xjo & igxjo 9/10 times they are on par with each other.

so no complaints from me in that regard
 
Re: Trading the XJO with CFD's

Trade_It said:
Hi TH here is the xjo and IG comparesion. IG have widened there spread to 8 points which pisses me off.

as off right now

XJO = 5605.9 IG XJO = 5604.6 very good i must say

Since i posted that i have been watching both the prices xjo & igxjo 9/10 times they are on par with each other.

so no complaints from me in that regard
Click to expand...

TH,

a three point price differnce has opened up now IGXJO 3 lower.

now 6 points, they are losing there grip! aghhhhh LOL

now its corrected. beats me as long as they are close i am ok with them. wonder how CMC went? problerly rallied 5 times to knock all the shorts out ha ha ha
 
Re: Trading the XJO with CFD's

caleb2003 said:
Really, I've not noticed them do that in the middle of the day before, has this happened a lot in the past?
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I've just posted on another thread regarding this stupid spread increase during market hour - anyway I'll ask here as well since it’s related.

Does anyone else using other CFD provider experience this similar problem? If not, who is your provider?? I'll definitely switch!! 5 points spread today is totally ridiculous!! (8 points yesterday :banghead:)
 
Re: Trading the XJO with CFD's

IGXJO 31/08/07

some fun times on the xjo of late,

took a long on the xjo today in at 6207 for 1 mini contract.

after seeing it break out of its range it was to good to refuse volume on the xao backs up the move.

I still don't like this trend i think its too vertical and bargain hunter driven but thats my personal opinion.

trend has been confirmed and it's had a normal base to breakout

us futures at this point are suggesting a rally but the honorable chairman may take the wind out of the rate cut sails!

i will be more convinced on a test of 6200 followed by a rally or a higher low to add more on, but I am still very cautious of this rally.


good trading
 

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Re: Trading the XJO with CFD's

Trade_It said:
IGXJO 31/08/07

some fun times on the xjo of late,

took a long on the xjo today in at 6207 for 1 mini contract.

after seeing it break out of its range it was to good to refuse volume on the xao backs up the move.

I still don't like this trend i think its too vertical and bargain hunter driven but thats my personal opinion.

trend has been confirmed and it's had a normal base to breakout

us futures at this point are suggesting a rally but the honorable chairman may take the wind out of the rate cut sails!

i will be more convinced on a test of 6200 followed by a rally or a higher low to add more on, but I am still very cautious of this rally.


good trading
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took profits on my xjo as it looks like some weakness could creep in on Monday morning. took 76 points out so nothing to complain about.

if weakness does creep in 6200 is a important number and any deep breaches and closes inside 6200 is a worry.
 
Re: Trading the XJO with CFD's

A clear bearish evening doji star formation which has also gapped up. Over reaction to mediocre 'good news' last night in my view and unconvincing finish on the DJIA.

I concur with your views and believe this will find a more balanced level which will require movement down before any further upswing.

I remain negative to the overall unstable market at present but I basically have a neutral stance on which direction this may go short term. Any break down of the 6200-6180 support level and we are looking seriously like testing the lows again. Below 6100 get ready for the bears to wake up again and load up the shorts.

The SPI has gapped up significantly a few times since the lows and I can't see these heady levels being sustained.
 
Re: Trading the XJO with CFD's

Found this thread and it is exactly what I`m doing right now.Holding longs from Sat. morning and just don`t know exactly what to do so I`m going to hold (while at work :eek: ) with the risk of a further 100 + point fall happening Monday/Tuesday.I think it is close to up-trending with a bit of dilly-dallying first.I wish my foresight to be hindsight.:D

Good luck.
 
Re: Trading the XJO with CFD's

Wysiwyg said:
Found this thread and it is exactly what I`m doing right now.Holding longs from Sat. morning and just don`t know exactly what to do so I`m going to hold (while at work :eek: ) with the risk of a further 100 + point fall happening Monday/Tuesday.I think it is close to up-trending with a bit of dilly-dallying first.I wish my foresight to be hindsight.:D

Good luck.
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Your holding a long CFD contract over the Aussie200?? Do you have a stop in place? if yes how far?

Very risky my friend
 
Re: Trading the XJO with CFD's

High risk but no stop loss.Damned if I do and damned if I don`t.
 
Re: Trading the XJO with CFD's

Wysiwyg said:
High risk but no stop loss.Damned if I do and damned if I don`t.
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Hmm ok so let me get this straight your trading a long naked position? so if the aussie200 hits 2000 your losses will be devastating!!

You see the difference between options and CFD's is that you could have bought a Call so that if it goes up you will make money, but for that you pay a premium and thats the most you can lose.

What your doing is buying into the A200 with high leverage and no backdrop? if you dont have enough cash reserves they are going to close your position out (similar to a margin call).

How many contracts are you trading and what does each pip (point) move +/- equal to in dollars? i.e 5 points up might = $20 profit etc...
 
Re: Trading the XJO with CFD's

Ageo said:
Hmm ok so let me get this straight your trading a long naked position? so if the aussie200 hits 2000 your losses will be devastating!!
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Now I`m getting tapped on the shoulder by my pessimist friend.Maybe I should close the position on open.

I have never traded options but will look into them if my trading evolution continues for another 2 or 3 years.

I will post on the outcome though it will be evident which direction the market has taken by tomorrow evening.
 
Re: Trading the XJO with CFD's

Did something similar to you, but had both long and orders with GSLOs in anticipation of G7 doing something big... Lets see how she opens monday morning :)
 
Re: Trading the XJO with CFD's

Trembling Hand said:
Wysiwyg even if you win you lose. :( Nothing like getting incorrect method lucking out and giving you a few dollars.
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Well TH, what that means is if I put in a stop loss it could be hit before turning up, then again if I don`t maybe a bigger market drop will sever an artery.It`s a pain threshhold thing.
 
Re: Trading the XJO with CFD's

Wysiwyg if you dont mind answering the question i asked just so we can evaluate your position. Not knocking it mate just having an indepth look and perhaps helping out other newbie CFD traders...

Ageo said:
How many contracts are you trading and what does each pip (point) move +/- equal to in dollars? i.e 5 points up might = $20 profit etc...
Click to expand...
 

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