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Danville

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In reply to: nizar on Thursday 14/06/07 04:30pm

I'm running long from entry on retracement....6240 with stops at 6227.

 

I use a one hour candlestick chart, with a 9 period MA and 0.02 Parabolic SAR.

 

Enter Long...candlestick close to 9MA...SAR in green. 1x A200 Forwards $25.

Enter Long ...9MA crosses through candlestick to support from underneath...SAR changes from RED to GREEN.... buy 2x A200 Forwards $25.

 

Pyramid each breakeven by 1 contract.

 

Sell longs when candlestick closes below 9MA.

 

Reverse the above for shorts.

 

Would be interested in knowing how everyone else trades????

 

Cheers

 

Mark

 

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LOL - sounds like we have a real mixed bunch here, at least it will confuse the providers, LOL.

 

eb - never mind me http://www.sharescene.com/html/emoticons/tongue.gif

 

unorthodox does not equal stupid (just different) more of a contrarian.

 

 

give it a few hours and watch dow futures fall (my nostradamus prediction for the day)

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In reply to: King Baz on Thursday 14/06/07 02:42pm

KB The dow may ease back pre open, but I'm betting on a green close. The PPI will have a huge impact of course.

 

Look at what we did - high open, profit taking, then position taking bringing us back up to the starting point. The others may just do the same.

 

Watch the RUSS 2000 closely. If it holds above 823, the rest will likely hold. If it falls decisively below 823, time to short everything that moves

 

I'm holding a few long stocks, and a couple of short ones overnight. Will just scalp the index as it presents

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In reply to: ausonic on Thursday 14/06/07 04:37pm

aus,

don't look at that gap with DAX , chance it get filled then rally up only 40%. more likely hang around 7750ish for first 30minutes, then it will march on towards 7800 or stuck at 7780ish to waiting for PPI.

 

the gap will be filled, but have to kill some bears before that.imo

 

of couse, PPI and CPI will be decide it's fate!

 

if you looking for shorts, try 7780ish and stops 7808. that's what i'm gonna do.

 

good luck aus!

 

 

 

 

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In reply to: grahame11 on Thursday 14/06/07 04:36pm

QUOTE
I'm running long from entry on retracement....6240 with stops at 6227.

I use a one hour candlestick chart, with a 9 period MA and 0.02 Parabolic SAR.

Enter Long...candlestick close to 9MA...SAR in green. 1x A200 Forwards $25.
Enter Long ...9MA crosses through candlestick to support from underneath...SAR changes from RED to GREEN.... buy 2x A200 Forwards $25.

Pyramid each breakeven by 1 contract.

Sell longs when candlestick closes below 9MA.

Reverse the above for shorts.

 

Sounds like a plan http://www.sharescene.com/html/emoticons/biggrin.gif

 

Except - im not sure with indices, but with stocks, uptrending stocks believe much differently to downtrending ones, so often reversing a long strategy doesnt work very well -- in my experience.

 

 

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