31 votes
Sage
Posted 14 October 2013 - 11:27 AM
Sunesis, I am using IG market, trading the mini contract
Open your pivots, make sure you buy @support levels. Example S1, S2, S3
S2 and S3 are good for buying when market is uncertain.
S1 is good when the market has found a trend and momentum and is moving upward.
If you are a begginer, i would suggest you stick with the long term trend trade.
Thats means you always buy on every dip. Never sell. Rather wait for market to pullback then buy.
It requires a lot of dicipline and patience.
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Newbie
Posted 14 October 2013 - 11:15 AM
Sunesis, I am using IG market, trading the mini contract
Advanced Member
Posted 14 October 2013 - 10:58 AM
US Stock market is open today. Just their bond market is closed for Columbus Day.
oops my bad! thanks for the correction. We are still going up though ... !
Sage
Posted 14 October 2013 - 10:44 AM
anybody care to share a trading strategy with a newb? I am currently using stochastic on price and MACD. Then I try use my knowledge of candle formations.
Which platform or broker do you use
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Sage
Posted 14 October 2013 - 10:36 AM
You can also trade, Corn,Wheat,Soybeans,Sugar,Silver,Gold,Oil,Platinum,Palladuim,Forex.
The spreads are very tight.
S&P spread is 0.5
Nasdaq spread is 1
FSTE spread is 1
Dow spread is 2
Gold spread is 30
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Newbie
Posted 14 October 2013 - 10:32 AM
anybody care to share a trading strategy with a newb? I am currently using stochastic on price and MACD. Then I try use my knowledge of candle formations.
Sage
Posted 14 October 2013 - 10:31 AM
I must check out Oanda - time to put one foot out there too - any idea how do they compare to IG International platform?
and good reminder on the often lower gap on IG pre opening
Oanda is one of the oldest broker in the world. It's very regulated. They don't allow hedging.
The web platform is one the best. For people who cant trade in dollars, it is very simple.
Sign up for the demo to test it.
Then start trading in the world markets.
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Master
Posted 14 October 2013 - 10:24 AM
I am a South African, i stay here. I use IG SA40 for ALSI trades. I use Oanda for my other indices.
I don't trade the futures on IG. Dont concentrate too much on Debt deal. Just trade what the market is doing.
You know most of the time that the ALSI opens lower then goes higher.
You should be familier with that pattern by now.
I must check out Oanda - time to put one foot out there too - any idea how do they compare to IG International platform?
and good reminder on the often lower gap on IG pre opening
Sage
Posted 14 October 2013 - 10:15 AM
Good Morning S, thought your'e in US of A? I mean it is sleeping time there.
just want to verify your'e index referred to, is it T40 Spot numbers here or the futures? there's about 324 dif at moment
seems you feel 39000 reached next 2 days , without definite positive political announcement , is too high to soon?
I am a South African, i stay here. I use IG SA40 for ALSI trades. I use Oanda for my other indices.
I don't trade the futures on IG. Dont concentrate too much on Debt deal. Just trade what the market is doing.
You know most of the time that the ALSI opens lower then goes higher.
You should be familier with that pattern by now.
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Master
Posted 14 October 2013 - 10:03 AM
Morning i was a bit late today, hope you got the dip.
As i said just buy anything that dips between 38000-39000 range. We play in that range for now.
We play in the 1000 point zone for now.
Good Morning S, thought your'e in US of A? I mean it is sleeping time there.
just want to verify your'e index referred to, is it T40 Spot numbers here or the futures? there's about 324 dif at moment
seems you feel 39000 reached next 2 days , without definite positive political announcement , is too high to soon?
Edited by OceanWalz, 14 October 2013 - 10:06 AM.
Member
Posted 14 October 2013 - 09:59 AM
Japan, US and China on holiday today. So it's just us and the Europeans today. And if we are playing by ourselves(not with) , then me thinks it could end up, UP.
Trading by emotion and/or expectation is a pocket emptying certainty.
Sage
Posted 14 October 2013 - 09:54 AM
Companies Reporting this week. Keep an eye on the US market. Most crashed happened with these companies reporting:
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Advanced Member
Posted 14 October 2013 - 09:53 AM
Sage
Posted 14 October 2013 - 09:49 AM
Everyone is toting US will not default, that does not say they wont hit the debt ceiling, I think it is no probable that the ceiling will be reached.
But US might still not default though.
Buy the rumour sell the fact
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Sage
Posted 14 October 2013 - 09:41 AM
Sunesis
Is this the dip buy, where u jump in and makes loads of cash?
O
Morning i was a bit late today, hope you got the dip.
As i said just buy anything that dips between 38000-39000 range. We play in that range for now.
We play in the 1000 point zone for now.
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Master
Posted 14 October 2013 - 09:37 AM
You braver than me O..I think we gonna hit 38500 this morning again..Just too much uncertainty at the mo althought 38500 is my entry point on my chart
As long as this US debt ceiling spectre is hanging over the markets, we shall have volatility. But once it is resolved, expect a big pop.
I'm getting ready with longs @38550-ish. If she gets there, I'll wait at 38000 with the kitchen sink (on or about the 17th.)
K
"The Stock Market is never obvious. It is designed to fool most of the people, most of the time." - Jesse Livermore.
Master
Posted 14 October 2013 - 09:35 AM
Everyone is toting US will not default, that does not say they wont hit the debt ceiling, I think it is no probable that the ceiling will be reached.
But US might still not default though.
Americans need to make changes to their political system - they are damaging one of their most important asset, global confidence for political party level horseplay (it is all to do with republicans/Democrats trying to gain ground for the next election already I think) - but I agree with this mornings view of the Chinese that it is now time to de-Americanize the world (not going to happen soon!) - as to China , their exports should drop relative to domestic consumption as their labour become expensive and living standards are improved and liberalized - but if exports drop and domestic consumption not increased then it is negative for equity
Member
Posted 14 October 2013 - 09:29 AM
Japan, US and China on holiday today. So it's just us and the Europeans today. And if we are playing by ourselves(not with) , then me thinks it could end up, UP.
Well, it's heading slowly in that direction.
IG Cash
The Oracle
Posted 14 October 2013 - 09:16 AM
Everyone is toting US will not default, that does not say they wont hit the debt ceiling, I think it is no probable that the ceiling will be reached.
But US might still not default though.
Alsi future
I only post my views, not advice
Advanced Member
Posted 14 October 2013 - 09:16 AM
Japan, US and China on holiday today. So it's just us and the Europeans today. And if we are playing by ourselves(not with) , then me thinks it could end up, UP.
