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Trading the XJO with CFDs

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Re: Trading the XJO with CFD's

HI Trade_It
I was actually sitting on a loosing short position when the correction occurred, but made that up and then some. Went long yesterday morning but closed out too soon & shorted again too soon again. I will have to refine my TA a bit, but then again, we'll see how the US goes tonight

I think it may struggle to gain from here as the fibonacci retracement has made a few attempts to get past my 50% retracement level & failed.
I notice the FTSE is trying to get passed a 38.3% level tonight also, & also struggling. Very interesting night tonight & Friday night in the US with employment report due on Friday night.
 
Re: Trading the XJO with CFD's

well done on your short and your long plus your short will being turning out well now!

I had a great day on Tuesday made a packet from a couple of slick day trades but yesterday I gave a heap back! messed up three trades it was very choppy yesterday and i kept getting caught on the wrong side!

So that reinforces my idea not to day trade, Sometimes I crave action and get a little to smart for my own good!

I am still waiting for this selling to finish then jump back in.

God those $25 pts add up quick when your on the wrong side.
 
Re: Trading the XJO with CFD's

hi trade it agree on the 25 $ a point bit ,i opened a futures account did a few trades and quickly found out couldnt handle, it so back to the cmc aussie 200 at 1 to 2 $ a point for some more practise,Nathan
 
Re: Trading the XJO with CFD's

nat said:
hi trade it agree on the 25 $ a point bit ,i opened a futures account did a few trades and quickly found out couldnt handle, it so back to the cmc aussie 200 at 1 to 2 $ a point for some more practise,Nathan
Click to expand...

Nat I have had a few confidence smashes given to me from the ig index it really adds up quick! when i get shot down i buy a few minis around 10 -15 a point
 
Re: Trading the XJO with CFD's

Uncle Festivus

I am now thinking things are looking good on the bull side, also starting to think that this correction my be over a lot of buying confidence in the market.

may go long next week see how it looks on the weekly middle of next week

what is your thoughts on this?
 
Re: Trading the XJO with CFD's

hi trade it,
Actually I'm thinking the exact opposite. The market looks confused this morning and should be powering ahead as it usually takes it's lead from Wall St, which had a pretty good night, along with commodities.

If the market doesn't get a footing today after these leads then it's back to the bears. The US is getting spooked with sub-prime carnage spilling over to the rest of the market. The 11o'clock synchronized computer orders are going through now, wait & see if it gets beaten back with the bear stick?

UF
 
Re: Trading the XJO with CFD's


UF

You make some very good points there.

We are weak this morning but I never make trades from morning session.

Wait to see what the feeling is 30 min before close.

Jobless data could be a pin in my balloon tonight. Will see if what I feel is happening actually does happen, middle of next week.

Did u get out of that short early you were holding over night?
 
Re: Trading the XJO with CFD's

TI, no, still hanging in there, but getting close to my stop
 
Re: Trading the XJO with CFD's

Hi Trade it,

I notice you use IG markets to trade the Aussie 200. Could you tell me if you have been having any trouble getting the 1 minute chart in recent times?
 
Re: Trading the XJO with CFD's

mikeg said:
Hi Trade it,

I notice you use IG markets to trade the Aussie 200. Could you tell me if you have been having any trouble getting the 1 minute chart in recent times?
Click to expand...

There was a problem with the advanced tick charts a few days ago. Not that crazy about having to have that window open to keep the chart up as well.

But in last day I have not had any problems.
 
Re: Trading the XJO with CFD's

Not that crazy about having to have that window open to keep the chart up as well
Click to expand...

Yes, I agree. Don't like not being able to only have 1 chart open at a time.

I have been having a lot of trouble lately with Charts freezing for a while, and today can't get the 1 minute chart.
 
Re: Trading the XJO with CFD's

mikeg said:
Hi Trade it,

I notice you use IG markets to trade the Aussie 200. Could you tell me if you have been having any trouble getting the 1 minute chart in recent times?
Click to expand...

hi mikeg,
I'm having trouble too, cant get 3,2, or 1 min charts, can only get 5 min. I think they might still be fine tuning the new charts??
 
Re: Trading the XJO with CFD's

Hi Uncle,

Yes, they seem to be having alot of trouble with them lately.

I am using the other platform at the moment, can get the 1 minute but very patchy.

Just closed my long from this morning, market looking a bit unsure of direction at the moment.
 
Re: Trading the XJO with CFD's

Took a while but we got a reaction to the 5-% retacement line.
 

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Re: Trading the XJO with CFD's

Not looking too good Kauri?. Something fishy happening today. Market should be all bulls but looking like a stampede for the exits. We will have to see how it holds going into the close, but XJO just turned negative; see if this entices some bargain hunters. If not, look out below. Very skittish banking sector eg CBA today.

PS where do you get your intraday data for QT?
 
Re: Trading the XJO with CFD's


Yes, the vol hasn't been there backing up this rally, ,,,data from Pestpac
 
Re: Trading the XJO with CFD's

oh oh oh

Here come the sellers!

No wait just found some buyer support back in the green.

Very weak run to finish line at this point.
 
Re: Trading the XJO with CFD's

Hi everyone, we've got NFP & US trade balance coming out together tonight.
It should be very interesting as i haven't seen these major fundamentals come out together before.....my guess we going down to 5400ish soon or at least 5520ish.
But you should not listen to me as i'm not a financial adviser
Oh, by the way what are the spreads like with IG do you trade the real market?
 
Re: Trading the XJO with CFD's


Hello caribean, An especially weak employment report will encourage talk of recession, while a strong report could revive concern over new rate hikes.

While technically a market maker, IG still supply the underlying market spreads as if you were trading the real market.
 

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Re: Trading the XJO with CFD's

An interesting day that was!. Well co-ordinated & consistent selling pressure at programmed intervals by the looks of it.

Also, in what could be shaping up as a fairly consistent trade for the last two weeks now is the Friday afternoon purge between physical market close & CFD market close at 4:30. A similar morning set-up too with a rally then the selling throughout the day. I think the bears got the edge in the end after a bit of window dressing by the bulls at the close, with the ASX20 in the negative, and banks getting a hiding.
 

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