The Basics of Trading

This is a discussion on The Basics of Trading within the First Steps forums, part of the Reception category; RogerM Thanks for the tip regarding TC2000. Is there a UK supplier for CD? or did you pay the shipping ...

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Old Feb 24, 2003, 10:07am   #101
 
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RogerM

Thanks for the tip regarding TC2000. Is there a UK supplier for CD? or did you pay the shipping cost to get it?

Thanks

Nick
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Old Feb 24, 2003, 1:32pm   #102
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There is no UK supplier so you have to order it from the website or by calling them. I have been waiting 2 weeks now for it to arrive. I called them on Friday and they told me that it can take 10 business days.


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Old Feb 24, 2003, 1:40pm   #103
 
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Thanks Paul

Did you pay the shipping cost?

Nick
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Old Feb 24, 2003, 2:07pm   #104
 
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Got a mailshot today from something called Champion Trader.Has anybody read this or does anybody know anything about it.
I realise that the general consensus of opinion seems to be not to waste money on such things.
Any opinions appreciated
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Old Feb 24, 2003, 2:33pm   #105
 
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Grand sum of $10 for shipping outside the USA. Not much to pay for a no commitment full version of the s/w plus a complete databank up to the date the CD was produced.
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Old Feb 24, 2003, 3:13pm   #106
 
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GREEN FINGERS

http://www.trade2win.co.uk/boards/sh...hampion+trader

The above link has a discussion on Champion Trader.

I have nothing to do with it nor would I have anything to do with holy grails - oops my bias is showing

Don't forget that the "search" facility on this site is a useful tool.

Hope this helps.
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....Indicators show the past. Price Action "Indicates" the future.
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Old Feb 24, 2003, 3:16pm   #107
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Hi Monarch,

Yes I did pay shipping costs and I also activated the account but they have said that when it arrives and I install it they will take my payment from that date onwards


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Old Feb 27, 2003, 6:34pm   #108
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Setting Price Targets

Hullo again FTSE Beater.

A coupe of days ago, you suggested we have a look at setting some price targets. As you know (I think) that Iím pretty new to this, then be please gentle ;-)

If Iíve followed your instructions correctly, hereís the chart

Subject : Amvescap

My 'trade' should begin with how much I can lose:-
Stop Loss first : 240p

And now on the upside...
Short Term target :330p
R/R 1.25

Medium Term target : 375p
R/R 2.4

Longer Term target : 435p
R/R 3.9

The targets are Ďroundí numbers, based on support and resistance only (Iím still reading about secondary indicators at the moment) and have been picked on examination previous levels of S/R (in last 6 months).

Time scales Ė finding this a tricky one. With a prevailing wind, it looks like the Longer Term target of 435p could be met in 6 weeks.

If the share began to rise, would you advocate a rising stop loss, locking in / keeping constant the R/R e.g. say aim for 375p, keep moving stop loss up to maintain R/R of 2.4?

Cheers and look forward to where Iíve gone wrong !

SoldierofOne
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Old Feb 27, 2003, 7:18pm   #109
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Hi Skimbleshanks,

Thanks for the post. I'll work on volume again using your suggestions

Regards Split
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Old Mar 1, 2003, 12:41pm   #110
 
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FTSE Beater started this thread Hi SoldierOfOne

Superb chart
The only other thing I can see is an even longer target at 500 - but yet again that comes down to time-scales
Quote:
If the share began to rise, would you advocate a rising stop loss, locking in / keeping constant the R/R e.g. say aim for 375p, keep moving stop loss up to maintain R/R of 2.4?
Yes I would, as Skim has said in another post, lock in profits and keeping about a 2.4 RR is great. It doesn't have to be 2.4 but SHOULD be better than 1:1.

Hope this helps and take care
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