wallstreet1928
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taken 50 points profit on trade opened at 735..............
i will wait for market to rally again and open another short position
I still have 1 contract short on S&P @ 730
Wallstreet1928 Analysis & live calls on FTSE,DAX,S&P...aimed to help New traders
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taken 50 points profit on trade opened at 735..............
i will wait for market to rally again and open another short position
I still have 1 contract short on S&P @ 730
wallstreet1928
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haha....that strategy paid good dividends!!
I'm calling a day guys because i am travelling up north today to see a few friends.....
I shall leave you all to the market and wish you every bit of success
my remaining positions
1 contract short s&P 730 .........stop loss 760!! (thats because It will never ever get there)
datav
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How can you have taken 50 points on S&P from a short at 735? the lowest the S&P has been since 735 is 728. Perhaps you mean ticks, but that is still only 28 ticks to the extreme low.
minime69
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S+P trades in 10ths? prob meant sold @ 735 bought back for 5 points = 5x10ths =50 ticks??
I guess that's what he did. My SB company trades S&P in 10ths as well.
poisonivy0
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What's the symbol for S&P on advfn. I'm a subscribed user and having difficult finding it.
ive put the search in for it and it produced IN\X S&P 500 Index but theres no live data there, its dead.
Look forward to you replies
Good calls today from WS keep up the good work. I'd love to see live calls from rio tinto, i love that stock. Keeps you on ya toes
PI
ive put the search in for it and it produced IN\X S&P 500 Index but theres no live data there, its dead.
Look forward to you replies
Good calls today from WS keep up the good work. I'd love to see live calls from rio tinto, i love that stock. Keeps you on ya toes
PI
solentsurfer
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It's Wall Street on IG
wallstreet1928
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yes that is what i mean Minime, you are correct
I trade CFD's with CMC , 1 contract = £10 for every S&P point
5 points = 50 points = £50
I trade on average 2-3 contracts
but because i was trying to average in a short position as you can never pick a top or bottom
I sold @ 730 and 735
but i bought the S&P back at 730 to close 1 contract that was in profit of 5 points=50 points in reality as per my broker!!
wallstreet1928
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WOW what a rally............never take anything for granted in this market!!
I was thinking 760 was impossible........trade what you see not what you think!!
still holding 1 contract on S&P from 730..............stop loss 760!!
I will have to re do all my analysis, I just didn't account for S&P going up this much!
I was blinded by the obsession of the downside
I have heard volume was low and who on earth is buying!!
Oh well at least my barclays position will give me a good reward tomorrow, see yesterday s post at 10.17am , post no 359 for the chart explaining reasons for going long
wallstreet1928
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hoping for a gap up tomorrow
should cover the loss I am making on the S&P, currently down £200 at present!! I shall keep my short till 760 if it gets that far!! but in this market anything is possible
foredog
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It's the same as happened last week just in reverse.
Hit's highs/lows, trend players get in , goes further triggering stops which pushes it further triggering more stops etc etc etc
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