Recent content by amtrader1

Hello, I'm a FTSE day trader. My strategy is to trade on both sides of the open for a reversion to the mean or retest of initial balance highs and lows and lately I've been getting stopped out a lot using futures only to see the trade move back into my direction. The other problem I have is...

Hello, I'm a FTSE day trader. My strategy is to trade on both sides of the open for a reversion to the mean or retest of initial balance highs and lows and lately I've been getting stopped out a lot using futures only to see the trade move back into my direction. The other problem I have is...

I want to start betting higher amounts on the FTSE at £10 per point. My current broker will charge me £10 per transaction but tax free. If I used a futures broker, I might be able to trade for 85p per leg but it would cost me anything from £55 to £100 in tax on each trade I make 25 points on...

Hi everyone, Someone mentioned 40% tax on profits when you trade. I was told when I asked a pro about tax matters when moving from a use of a spread betting platform to a pro platform that you could take profits as dividends. I think that implies you could pay yourself a salary at the same sort...

Hi everyone, I'm really sorry if this has already been asked but I have the following queries and don't have time to go through 445 pages to find out if already asked: Am currently using Etrade for FTSE100, S&P 500 and eurodollar. The areas I'm asking about are areas where I'm having problems...

I've used Finspreads, Etrade and IG index and tradindex. IG has got the best platform. Etrade had the best spread on the FTSE100. I've placed more than 2000 spread bets with them and I must say their execution is fantastic. Also, on the 2 instances where I have had a problem with a stop getting...

Hi everyone, Just signed up with ODL. They're still advertising 0 point spread on their google adverts but they've cancelled it on their platform. I've checked out the platform, it's better than I thought but they don't have access to S&P 500 and eurodollar. Considering how big these 2 markets...

Bull trend in grains Has anyone checked out the grains? Got bullish trend on corn, oats soyabean meal & oil and wheat. In a few of these markets we've broken past the most recent high. Has anyone got any suggestions on entering this trend? These are all seasonal; could this just be the seasonal...

Hi all, There's an ascending head and shoulder on BHP Billiton and ML World Mining. Pros: last Jan mining stocks fell with the index. Based on the last leg, Dow still got 800 points to go on way down, FTSE still got a long way down. Cons: the neck is ascending, I can't find any data on...

No, I've been on it and the free stuff on there does not display closing prices. I don't understand this, I've got accounts with 3 spread betting companies and not one of these providers has a complete listing of opening, high, low, closing prices. How difficult can it be to provide that...

Where to find closing prices for a selection of futures and currencies? Hi all, I'm glad I found a point and figure charting thread. I've seen a Dorsey video and I was struck by something he said: you can monitor 20 markets in 5 minutes a day. I'd love to do that but I've got a problem: can't...

Trading the 123 on the 1 minutes-nightmare!! Hi all, I'd just like to introduce a bit of feedback from trading the 123 on 1 minute time frames on the FTSE. I've traded it in the month of January and came out in the green using a combination of the 123 and what I called "mini flags". In the...

What books to read for beginners 2 There's another book I forgot to mention which is actually great for beginners: How I Trade for a Living by Gary Smith, read the review of this book on the Travismorien.com website, this is also a great website for beginners to look at as the investment FAQ is...

George, It seems this thread got out of hand a bit. I'm a FTSE trader. That's all I trade and I trade from 8am till 12pm spread betting and I'm profitable. I use pure price patterns and what I know about market profile to determine my entries and exits. I'm quite happy to discuss my system with...

Beginner's books I would recommend Trading By The Book by Joe Ross. It introduces the 123 which is a pattern that in frequency, beats the heck out of triangles, heads and shoulders, flags and all the traditional patterns of technical analysis you traditionally read of. You can also find...