Recent content by weyhey

The stop I actually used was a percentage of the 40% of ATR, I used 60% of the value of 43.6, so my stop would have been 26.6 away from my entry level (rounded to the nearest 0.5). As I said in real time it was awful when markets had small daily ranges and excellent when markets had wide...

I calculate it by getting the price of the S&P500 futures when the FTSE closed and seeing where the S&P500 futures are 5 minutes before the FTSE opens and calculate the percentage move up or down on the S&P and adding/subtracting that percentage from the last FTSE close. This is the most...

Yes you can apply it to any market. I used a percentage of ATR, so in the case I mentioned when the FTSE ATR was above 105, I would buy/sell on a breakout of 40% or more of the ATR value. Anything less than 40% was just noise. Before the open I would get the ATR for the previous 10 days, say...

Hi Im not sure of the tax implications of spread betting. Im looking at it from purely a transparency issue. To me trading with spread betting firms is like trading T-bonds with a casino, they will always skew the odds in their favour, but this time it will be the price. if I trade on a...

I found with break systems like you mention that you need the market to be having wide ranging days. If you trade these intra day systems when ranges are low you will not get the big winners you need for this type of strategy to work. From my testing they are much more profitable when the...

Whether he works for a spread betting firm or not the main point is do some research on the guy first. Ring him personally and ask to see all his reccomondations. If your going to be paying for his services he wont mind. Ask for a free 30 day trial. Most of all be wary if he doesnt give you...

Do your own research. Ask to see his recommendations from inception. See how they went. Graph the equity curve and see what the max. drawdowns were like. Can you handle such drawdowns? I personally would be wary of a guru working for a spread betting firm. In my view spread betting firms are...

What is a reasonable amount to start depends on what your objective is. If you are going to trade for a living, then how much do you need to live on. Add up your monthly expenses and include what income you would need to be comfortable. Then if you can make 20% per year return on your funds your...

Ask to see their statements. If they dont show them to you, forget it.

I would keep building your trading stake by other means and in the mean time read everything you can get your hands on. Once you get an idea what your edge is then study how it would have performed in the past. You will want to know your system inside out. Paper trade your system while your...

I would have thought they would have moved at the same speed since they're based off the same underlying. If they dont then you would be able arb them off each other. I guess it comes down to your account size to whether you trade full and mini.

Using oscillators on their own is very dangerous. Try using them with support and resistance area's and you might have more success.

Be careful OJ is run by insiders.

I think that book was written before the lower commisions brought on by huge uptake in electronic trading.

Id buy if it closed above 100 on a weekly basis.