be-positive
Veteren member
- Messages
- 4,969
- Likes
- 488
Whats your friends name 
IK :cheesy: :cheesy: :cheesy:
Hello
For those who are doing trade, according to close prices we are flat on the week. The bet should continue since the Dow didn't sell off enough today to warrant the buy. It looks like we should be in profit next week. Any losses from here would be minimal !
I'm expecting the trade to last another few days yet so hang on in there.
Have a great weekend if I don't post again
IK
PS I like the cheesy clipart icon on this board but it not big enough. I chose ' Geoffrey' here as my mascot.
For those who are doing trade, according to close prices we are flat on the week. The bet should continue since the Dow didn't sell off enough today to warrant the buy. It looks like we should be in profit next week. Any losses from here would be minimal !
I'm expecting the trade to last another few days yet so hang on in there.
Have a great weekend if I don't post again
IK
PS I like the cheesy clipart icon on this board but it not big enough. I chose ' Geoffrey' here as my mascot.
Hi IK and every1 else! The trade is going well so far, i got in with the gap at around 5300. the only problem is that my account is real low at the moment so im actually trading daily prices. Its a pain placing bets each morning and losing profitable points overnite while u guys just sit back and relax. :cheesy:
Oh yeah, IK can u give us a figure 2 exit and reverse for next week plz, i thought we where gonna make the 9383 mark like u said, but the market pulled back.
Anyway hav a good weekend and hope u all beat the sb companies
Oh yeah, IK can u give us a figure 2 exit and reverse for next week plz, i thought we where gonna make the 9383 mark like u said, but the market pulled back.
Anyway hav a good weekend and hope u all beat the sb companies
Please forgive me if I am talking nonsense (it wouldn't be the first time) but I cannot see how it is possible to spread bet Index Kings method when the SB firms prices out of hours bear no relation to the underlying index. What I mean is, even if the difference has reached the required level on the indices the SB FTSE price will have shifted from the closing price (usually substantially)knocking the whole trade out of kilter. Or am I missing something?
Hello Quint.
Yes you are missing something ! I use the out of hours prices when trading because it's easier for me to do. When I post and say a differerence has been achieved on the close prices, it doesn't mean you have to get on straight away regardless. Futures prices are different from prices during the day but you can wait until the next day when the prices run more in line to get on the trade. I give a 25 point leeway because of futures prices which is usually enough
If futures prices are not favourable I wait until they are, which is usually the next day or so. This system has an 84% strike rate and has produced great profits over the last year, even if you jumped in everytime on unfavourable futures prices !
Hope this makes things clearer.
Regards
IK
Yes you are missing something ! I use the out of hours prices when trading because it's easier for me to do. When I post and say a differerence has been achieved on the close prices, it doesn't mean you have to get on straight away regardless. Futures prices are different from prices during the day but you can wait until the next day when the prices run more in line to get on the trade. I give a 25 point leeway because of futures prices which is usually enough
If futures prices are not favourable I wait until they are, which is usually the next day or so. This system has an 84% strike rate and has produced great profits over the last year, even if you jumped in everytime on unfavourable futures prices !
Hope this makes things clearer.
Regards
IK
Quick update for today
Target difference is 5253 for the exit and reverse strategy. Since the target differene is now at the entry point of this bet it may well be worth using judgement and coming off today if you can get a few points.
ONLY If diference then close @5253 or less then place a Sell Ftse/Buy Dow trade.
Use your own discretion today. I'll be hanging on til EOD close !
Regards
IK
Target difference is 5253 for the exit and reverse strategy. Since the target differene is now at the entry point of this bet it may well be worth using judgement and coming off today if you can get a few points.
ONLY If diference then close @5253 or less then place a Sell Ftse/Buy Dow trade.
Use your own discretion today. I'll be hanging on til EOD close !
Regards
IK
Mug2K
No only if they close at that difference. For instance if Ftse close @4258 then to make the difference target Dow must close@ 9511
or less. Then you would exit and reverse the trade.
If that happens today then fine but just come off if you make good profit today or difference is met when Dow close. Personally I think Dow will see 9500 area again today which would be a good time to quit. Then wait til close and see if difference is met and put on the opposite trade i.e Sell Ftse/Buy Dow.
Hope this helps
Regards
IK
No only if they close at that difference. For instance if Ftse close @4258 then to make the difference target Dow must close@ 9511
or less. Then you would exit and reverse the trade.
If that happens today then fine but just come off if you make good profit today or difference is met when Dow close. Personally I think Dow will see 9500 area again today which would be a good time to quit. Then wait til close and see if difference is met and put on the opposite trade i.e Sell Ftse/Buy Dow.
Hope this helps
Regards
IK
indexking
Thank you for your previous reply. I'm sure your system is sound but I can't seem to get my head round the figures. Would it be possible to tell us which SB firm you use and which of their products you are trading (DOW Daily Cash? Daily futures etc?). I might then be able to follow what is going on. Once again, many thanks for sharing your system with us.
Thank you for your previous reply. I'm sure your system is sound but I can't seem to get my head round the figures. Would it be possible to tell us which SB firm you use and which of their products you are trading (DOW Daily Cash? Daily futures etc?). I might then be able to follow what is going on. Once again, many thanks for sharing your system with us.