FTSE 100 intraday trading - JUNE 2003

[oatman]

OK, your updates to the chart are eod, so, presumably are your volumes but your columns are built on numbers, not time. They don't cover 1 trading day. As I said, it could take days to fill a column but minutes to reverse it. So what's the volume on each column? There's nothing constant.
Sure, interpretation is for you, I was concerned that you were using incorrect assumptions for your analysis.

Good luck

 

[bonsai]

oatman
sorry you have lost me.
at the end of the day, the movement dictates whether its a continuation or reversal and then a plot is created.
the volume for the day simply follows the plot.

eod charts arent concerned with 'minutes'.

 

[oatman]

Your P&F chart is not of a daily movement. It is updated daily.

 

[bonsai]

sorry about the pun
but I think you have lost the plot.

 

[oatman]

Yea, I'm with you now. They must carry a running total for the volume update? I've never noticed volume on P&F before.
I'm used to 1min and 5min updates which don't use volume.

Cheers

 

[Fluke]

Bonsai.
I have tried to get a copy of the book you mentioned .The Way to Trade by John Piper.Tried Global Investors book shop and they said its out of print.I would like to get a copy,could you please tell me where can I get it from.

 

[bonsai]

ok

what is interesting is that pretty well each up is generating more volume than the down move !

 

[Dr Mike]

Fluke

I think an e-book version of Piper's book is available here.

http://www.the-way-to-trade.com

HTH

 

[Fluke]

Dr Mike.
Thanks a lot will look into this.

 

[bonsai]

fluke

you could try phoning him
01904-636407

you never know he may sign it for you ?

lol

amazon are pretty good

 

[bonsai]

now closed my first trade
went short at 91 after failed retest of 1 day
and closed at 77 after it hit my 'resistance' line
for +14

now waiting. never did learn to stop and reverse.

edited
lol

 

[Fluke]

bonsai.
Thanks will do that.

 

[bonsai]

kevin
just before you ask me, here is the chart
but it really is a pain and I am not sure how it may help you
so this may be the last.

 

[barjon]

Bonsai

Thanks for providing us with our own FTSE 1min intradaywith your first post to this thread. It is refreshing nicely.

Now if there was a way to isolate this single post..........

Glad to see you edited your long to a short - I was beginning to wonder!

Good trading.

Jon

 

[bonsai]

barjon
read my thread 'Create your own charts'
all will be revealed

 

[barjon]

Bonsai

ta

Jon

 

[bonsai]

Surprise, Surprise ?
he has done nothing to create convergence

==============================
EURO TESTS FAILED
Chancellor Gordon Brown's five euro
entry tests were failed ; but at least
two of them failed by only a narrow
margin, the Financial Times reports.

Two of the five tests are a clear "no"
while another two are marginal
failures, the newspaper says, quoting
two unnamed Cabinet ministers.

 

[Lambchops]

How does 'the way to trade' by John Piper differ from a lot of other trading books?

 

[bonsai]

What a joke !
Socialist at work again.
Real believers in free markets ?
Remember Dennis Healeys 'pay pause ' ?
===================================

MINISTER PLANS "FAT CAT" PAY CLAMPDOWN
Plans to stop big pay-offs to directors
who quit failing companies have been
published by the Trade Secretary.

Patricia Hewitt said she had not ruled
out changing the law, but that the
problem might be dealt with by updating
existing company codes of conduct.
==============================

Patricia
Please define a failing company !!!!!!
- no hindsight allowed-

 

[bonsai]

Lambchops

Its the difference between involvement and commitment.

Think of eggs and bacon
The chicken was involved but the pig was committed.