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Foale

Market Wizard
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Everything posted by Foale

  1. Not if the Dow hits 11100 later on... lol However...I do expect to be holding them a few days I did cash trades for today..and contract trades for "gravy tomorrow"
  2. Remeber the dow has not broken 11,000 yet in normal market hours...to say its going to be...under 10890 loooks a bit steep for its initial opening... Of course the main play this am was down...but I was not here for that !
  3. Long Sept DAX 6084 Long Sept FTSE 5168
  4. Going to give you guys a points headstart today...as its "Year 2 play" this morning.. Is 11,000 Dow now a ceiling?
  5. Do you mean automated entry based on indicators? If so, be careful out there. IMHO (arrived at after years of losing), trades have to be based on some sort of discretionary system. Discretionary not so fool proof also ... Actually although I dont do automated trades...several of the best traders I know do....but its not a black box.... Tends to work in this sequence.... a) start with a successful trader...who has found a way to trade that suits him...one based on a set of rules that he follows b) sort those trading rules into some sort of algorithm...but one that can can be written... ie the moving average x blah blah blah... They have to be rules that the trader uses... c) get a coder to incorporate those into either the trading software or chart system that you use... eSignal allows this... d) Trust it !! Of course your "system" has to be one that can be written as a set of rules...and that system has to work... How you present the "result" a key feature in its success I have found.. I know index traders/ forex traders and shares traders who use these types of systems.... Some give a signal of some sort...one has gone a step further and it trades for him... brave man... btw this man took 250 points off the Dow on Friday after 7:30 pm! Oh and you need something that STOPS you trading in those rangebound / whipsaw times...
  6. think you miht be right....my 60 min dax said SELL at 6293...I didnt do it...as had a s/t cash long at the time now....6212 !! Have to learn to divorce the 2 time frames... Be better with an automated entry for the longer view....
  7. shorter term charts trying to go up...but good resistance in the 60 min charts I am looking at.... So staying flat atm
  8. Any sign of dow weakness. ie anything under 11200 and Europe waiting to see off imo...
  9. Totally agree and have opened some as yet unprofitable shorts...
  10. Starting to look more ify now...although still long side bias ...so I have closed FTSE and Dax cash longs...still running the Contract Ftse long.. this am cash trades FTSE +60 Dax +60
  11. Expecting Ftse and Dax to rally from here....
  12. Joining your party...bit late... Long Sept FTSE 5343
  13. Hi....new week Made +40 so far on FTSE and DAX no one else up ?
  14. thanks but held all that time...closed then it spiked up to an area I had initially had as my target.... still profit a profit....
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