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mooncake · 14-10-2009, 09:03 AM

Quote:

Originally Posted by the dogcatcher

Mainly GBPUSD. I have played with FTSE and GBPEUR but dollar suits me best.
Usually go in 1.00 a point stop loss at 50 depending on support levels. Limit 30 plus spread or depending on res levels

hmm....I'm sure I will understand all those terminologies what you're talking about here in....err 6 months time?

mooncake · 14-10-2009, 08:42 AM

^ Which company is the best...or a few you can recommend?
There are so many outhere!

the dogcatcher · 14-10-2009, 08:47 AM

Quote:

Originally Posted by mooncake

^ Which company is the best...or a few you can recommend?
There are so many outhere!

All have pros and cons. I can't remember but there's one offering no comissions on non profitable trades at the moment. Bet there's s catch though.

the dogcatcher · 14-10-2009, 08:50 AM

Some companies don't allow one cancels the other type trades. Avoid them if you don't want to nurse you positions all day.

mooncake · 14-10-2009, 08:50 AM

^ what setting are you using for your stoch, DC?

I use 5-3.......so far it works ok for me, even tho sometimes it's not that stable and too erratic!

the dogcatcher · 14-10-2009, 08:53 AM

Quote:

Originally Posted by mooncake

^ what setting are you using for your stoch, DC?

I use 5-3.......so far it works ok for me, even tho sometimes it's not that stable and too erratic!

Oh God, errm 14 5 3 smoothed. Might be erratic on longer time frame but ok for 1 to 4 hour deals

mooncake · 14-10-2009, 08:58 AM

oh god ....1-4 hrs?
I think I might have a heartattack and die in 3 days .....of IN and OUT that often!

the dogcatcher · 14-10-2009, 09:02 AM

What can I say. In and out that often. errm, you get used to it. You probably have very few poor trades let,s say. I have more losers than you but more small winners. It's like futures on ya bah.

Muadib · 14-10-2009, 09:04 AM

There are many, many online forex brokers, so I won't recommend one... Look for a broker with tight spreads and has good reviews... Most will offer you a free demo account to get started trading forex...

There are many online forums with a lot of good information related to forex... I frequent Forex Factory as there is a large and active online membership...

the dogcatcher · 14-10-2009, 09:13 AM

Quote:

Originally Posted by Muadib

There are many, many online forex brokers, so I won't recommend one... Look for a broker with tight spreads and has good reviews... Most will offer you a free demo account to get started trading forex...

There are many online forums with a lot of good information related to forex... I frequent Forex Factory as there is a large and active online membership...

Yeah Forex Factory velly good, also babypips for terminology etc. Time frames can be as little as seconds when trading on economic news like interest rates, quantitive easing and US pay roll.

mooncake · 14-10-2009, 09:11 AM

^ ok I will seriously be searching for one, once I'm a bit more serious.
but good to have some feedbacks on it tho

thxs ja
xoxo

jim1176 · 14-10-2009, 11:52 AM

Have been selling put options monthly on XTO (39) RIMM (65) and QCOM (41).

Selling a PUT is identical to a covered call position but no dividend.

This is the best US site for options:

https://www.optionsxpress.com/

the dogcatcher · 14-10-2009, 12:07 PM

Quote:

Originally Posted by jim1176

Have been selling put options monthly on XTO (39) RIMM (65) and QCOM (41).

Selling a PUT is identical to a covered call position but no dividend.

This is the best US site for options:

https://www.optionsxpress.com/

Can't bend my head around options. Are they a sort of trade with a time limit.
I think someone said there a sort of bungee deal.

mooncake · 14-10-2009, 03:04 PM

Quote:

Originally Posted by the dogcatcher

Can't bend my head around options. Are they a sort of trade with a time limit.
I think someone said there a sort of bungee deal.

I have the option account with Scottrade, and do trade option from time to time, mostly for the PUT.
However my success rate is hmm about 10-20%...losing money 8/10 times.

Not because I don't make any money, but becoz I didn't buy enough contracts to make it worthwhile to pull out...too scare I guess.
Oh I can read the general trend quite well, but specific timing is everything when playing with the option, otherwise everything get spoiled by the expiration date.
Somehow I'm pretty bad in the "specific" timing, technical wise - for option trading.

Guess due to my track record and know my winning inability quite well,... therefore it's better for me to stay away from it.

the dogcatcher · 14-10-2009, 03:20 PM

Try forex futures then. They time out as well of course, but keep their money. Got to admit I don,t know anything about options. Also I think forex is easy.

the dogcatcher · 14-10-2009, 03:37 PM

Put up the 1 hour GBPUSD chart for the last two days and put a stochastic on it. Nice money even at 25 baht a point.

Spin · 14-10-2009, 06:00 PM

Quote:

Originally Posted by mooncake

already got a basket load of INTC, couple months ago

This just out from Citi:

"INTC: Raising Estimates/Price Target — We are raising our 2010 revenue forecast to $38.8B from $36.8B reflecting seasonal growth from the 4Q09 base. . Our new price target is $26 from $25. Buy/Medium Risk.
Derivative Calls — As we wrote in our October 12, 2009, Semi Beat publication , despite signs of 2x ordering, sell through has been good, and inventories remain in check. Our analysis shows that consensus estimates remain conservative, reflecting below seasonal growth trends. While likely an extreme, Intel’s results are a testament to the conservatism of estimates. We again reiterate our positive stance on the group, expecting earnings momentum to drive shares higher. We focus on NVDA, ALTR, & AMD in addition to INTC"

the dogcatcher · 14-10-2009, 08:38 PM

Quote:

Originally Posted by Spin

Quote:

Originally Posted by mooncake

already got a basket load of INTC, couple months ago

This just out from Citi:

"INTC: Raising Estimates/Price Target — We are raising our 2010 revenue forecast to $38.8B from $36.8B reflecting seasonal growth from the 4Q09 base. . Our new price target is $26 from $25. Buy/Medium Risk.
Derivative Calls — As we wrote in our October 12, 2009, Semi Beat publication , despite signs of 2x ordering, sell through has been good, and inventories remain in check. Our analysis shows that consensus estimates remain conservative, reflecting below seasonal growth trends. While likely an extreme, Intel’s results are a testament to the conservatism of estimates. We again reiterate our positive stance on the group, expecting earnings momentum to drive shares higher. We focus on NVDA, ALTR, & AMD in addition to INTC"

Good news for Moon unit then.

mooncake · 15-10-2009, 05:57 AM

yay yay yay...yippiiii

SWY, BKC, INTC.......schweet today

told you....I saw the upside breakout of BKC 2 days ago.

ok I better not be too happy,...might give me a bad karma

the dogcatcher · 15-10-2009, 08:12 AM

Quote:

Originally Posted by mooncake

yay yay yay...yippiiii

SWY, BKC, INTC.......schweet today

told you....I saw the upside breakout of BKC 2 days ago.

ok I better not be too happy,...might give me a bad karma

Yeah, don't let your dogma eat your karma. That would be dukka.

14-10-2009, 09:04 AM	#9 (permalink)
Muadib We have worm sign... Join Date: Dec 2005 Location: HELL Posts: 3,014	There are many, many online forex brokers, so I won't recommend one... Look for a broker with tight spreads and has good reviews... Most will offer you a free demo account to get started trading forex... There are many online forums with a lot of good information related to forex... I frequent Forex Factory as there is a large and active online membership... __________________ Give a man a match, and he'll be warm for a minute, but set him on fire, and he'll be warm for the rest of his life.

15-10-2009, 05:57 AM	#19 (permalink)
mooncake Phra Pathom Chedi Last Online: Today 07:25 AM Join Date: Jul 2009 Location: Star Tracking Across the Universe Posts: 861	yay yay yay...yippiiii SWY, BKC, INTC.......schweet today told you....I saw the upside breakout of BKC 2 days ago. ok I better not be too happy,...might give me a bad karma Last edited by mooncake : 15-10-2009 at 07:49 AM.

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14-10-2009, 08:42 AM	#2 (permalink)
mooncake Phra Pathom Chedi Last Online: Today 07:25 AM Join Date: Jul 2009 Location: Star Tracking Across the Universe Posts: 861	^ Which company is the best...or a few you can recommend? There are so many outhere!

14-10-2009, 08:50 AM	#4 (permalink)
the dogcatcher Thailand Expat Last Online: Today 05:28 PM Join Date: Aug 2008 Posts: 1,077	Some companies don't allow one cancels the other type trades. Avoid them if you don't want to nurse you positions all day.

14-10-2009, 08:50 AM	#5 (permalink)
mooncake Phra Pathom Chedi Last Online: Today 07:25 AM Join Date: Jul 2009 Location: Star Tracking Across the Universe Posts: 861	^ what setting are you using for your stoch, DC? I use 5-3.......so far it works ok for me, even tho sometimes it's not that stable and too erratic!

14-10-2009, 08:58 AM	#7 (permalink)
mooncake Phra Pathom Chedi Last Online: Today 07:25 AM Join Date: Jul 2009 Location: Star Tracking Across the Universe Posts: 861	oh god ....1-4 hrs? I think I might have a heartattack and die in 3 days .....of IN and OUT that often!

14-10-2009, 09:02 AM	#8 (permalink)
the dogcatcher Thailand Expat Last Online: Today 05:28 PM Join Date: Aug 2008 Posts: 1,077	What can I say. In and out that often. errm, you get used to it. You probably have very few poor trades let,s say. I have more losers than you but more small winners. It's like futures on ya bah.

14-10-2009, 09:11 AM	#11 (permalink)
mooncake Phra Pathom Chedi Last Online: Today 07:25 AM Join Date: Jul 2009 Location: Star Tracking Across the Universe Posts: 861	^ ok I will seriously be searching for one, once I'm a bit more serious. but good to have some feedbacks on it tho thxs ja xoxo

14-10-2009, 11:52 AM	#12 (permalink)
jim1176 Thailand Expat Last Online: 01-11-2009 12:14 AM Join Date: Sep 2008 Posts: 1,203	Have been selling put options monthly on XTO (39) RIMM (65) and QCOM (41). Selling a PUT is identical to a covered call position but no dividend. This is the best US site for options: https://www.optionsxpress.com/

14-10-2009, 03:20 PM	#15 (permalink)
the dogcatcher Thailand Expat Last Online: Today 05:28 PM Join Date: Aug 2008 Posts: 1,077	Try forex futures then. They time out as well of course, but keep their money. Got to admit I don,t know anything about options. Also I think forex is easy.

14-10-2009, 03:37 PM	#16 (permalink)
the dogcatcher Thailand Expat Last Online: Today 05:28 PM Join Date: Aug 2008 Posts: 1,077	Put up the 1 hour GBPUSD chart for the last two days and put a stochastic on it. Nice money even at 25 baht a point.

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