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Index Trading, xjo, dow, dax, ftse
jaolsa
post Posted: Jun 15 2007, 07:30 AM
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In reply to: early birds on Thursday 14/06/07 11:54pm

i obviously missed some fun last night (i was out for much of the evening and by the time i got back home, i was too tired to face the market).

what the heck is up with the dax? up some 2%. what kind of sicko move it that.

dan, i hope you win your battle with cmc.

early bird, i also bought nab because i thought it was oversold and it too had hit the 200 days ma. nab started the day yesterday nicely in profit and then quickly tanked. i chickened out and closed out even.

something weird is definitely happening with our market dynamics as miners continue to surge ahead, but most other stocks are weak.




 
Danville
post Posted: Jun 15 2007, 02:28 AM
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In reply to: early birds on Friday 15/06/07 12:17am

Yep Eb, they're already trying to weasel out of it. One minute I'm way in profit, the next minute I still have an open position and I'm back in loss grrr.gif

I rang them and they offered me 7835 because that was supposedly the correct price at the time. I told them I want to speak to a manger in the morning. He said "No problem, this call has been recorded and I'll play it for the manager in the morning" "Recorded?" I said. "You're supposed to inform people before you record their conversations. That's against the law"

Maybe I'll just be a good American and sue thumbdown.gif

 
early birds
post Posted: Jun 15 2007, 02:17 AM
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In reply to: Danville on Friday 15/06/07 01:42am

Dan, you better ring CMC to find out is that 7555 trades.

i rember last time this happen to me. i thought i made 50points within minute then next morning my account shows me different story. i called them and been told that trade doesn't count because that was a platform ero. i were so angry and spit out f word to them. but i'm the losser in the end.

tell us what happen tomorrow morning Dan.



 
Danville
post Posted: Jun 15 2007, 01:42 AM
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Sometimes I can be sooo stupid!!

What have I been preaching all day? Long, long, long

What do I do tonight?? Go short!! Just shoot me.

When I saw the dax pass 7800 I couldn't help myself. I got killed of course. Way underwater, I went in hard at dax 7840 and dow 13,554. After a painfully slow decline, I finally settled for 20 points on the dow and closed 1/2 my dax at 7832.

But then the unthinkable happened. CMC did one of their crazy spikes to the downside and for a split second the dax traded at 7555. My finger wasa on the trigger and I closed out the remaining shorts for an 85 point profit.

Finally up for the night. Praise God.

 
early birds
post Posted: Jun 15 2007, 12:38 AM
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In reply to: Danville on Friday 15/06/07 12:15am

it can Dan, i rember the week before that breath taking 3 session more than 4% run up.
least to forget!!!!!!!!!!!!!!!!!!!!!!!!!! sadsmiley02.gif

landed my shorts on DOW at 13550.



 
doctorj
post Posted: Jun 15 2007, 12:19 AM
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In reply to: nizar on Thursday 14/06/07 09:33pm

Perhaps my post was not so clear. Profit factor is the total wins divided by total losses.

With avg win and avg loss I was after them separately, rather than divided.

 


Danville
post Posted: Jun 15 2007, 12:15 AM
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Can the dax possibly hold a 1.75% gain?? Looks like it's running out of puff

 
early birds
post Posted: Jun 14 2007, 11:54 PM
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In reply to: Danville on Thursday 14/06/07 11:20pm

thta's what i thought when i bought ANZ. yield chart shows a double top patten and FED said time and time again-------no cut,no hike. also ANZ is on the 200 days MA. think it is high probabity trades. but the wave of selling really hit my nerve and it not recover to $29 by end of the session. that big seller might do the same at other market as well.

read bit of news of FanieMac, bear stern, dosen't look good for the banking sector.

dow is up, yield is down. looks safe for now. hope it can rally bit futher so i can land some shorts to hedgging. you never know there might be last hour selling comes while i'm sleeping.

been greedy, bought too many of it!! thumbdown.gif when i'm gonna learn.



 
ausonic
post Posted: Jun 14 2007, 11:46 PM
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Got the feeling the DOW is going to give back some of yesterdays gains tonight

Not going to put my money on it though!!.............but after yesterdays big rise you would
think there would have to something special going on to keep going up at this rate tonight?? icon14.gif

Cheers
aus

 
Danville
post Posted: Jun 14 2007, 11:20 PM
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In reply to: early birds on Thursday 14/06/07 08:54pm

Why do you think it was stupid to buy ANZ? I bought banks today as well. The word I hear is that the 10 year has most likely topped (for this week) and should ease off in the next day or so. Also the banking sector in the UK is up 60 points

 
 


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