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Alsi Futures 28Oct10

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asylum
Super Contributor
Simple wins all the time, people who start out trading think they need all sorts of indicators to trade, well done Simon, i also like trading the 15m charts i find anything smaller gets very noisy.
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ACEP_
Regular Contributor
OK Skaaptjop, let us try this again... Asylum, where is the source of your 15min charts??
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SimonPB
Valued Contributor
and current candle which end in 9 minues is looking like it may confirm a short ..
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SimonPB
Valued Contributor
an entry failed .. hence why one doesn't pre-empt the trade ..
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SimonPB
Valued Contributor
we will launch intra-day charts as part of ET later this year ..
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ACEP_
Regular Contributor
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asylum
Super Contributor
ACEP, i dont trade alsi, i trade forex, i use to trade indexes on global trader but i prefer forex.
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Frogg
Frequent Contributor
Thank's I have entered a short position and see what you mean re costs, but what is with the low volumes I am concerned that a portfolio of say 25 almi contracts could be a serious problem to get out of should I be on the wrong side of a move.
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HateGauteng
Super Contributor
Thats some hectic costs tradin the almi??
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Frogg
Frequent Contributor
HG what makes more sense then
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HateGauteng
Super Contributor
Trade 2 Alsi and 5 Almi maybe.
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Not applicable
Ha, looks exactly like my system! Only I don't restrict myself to engulfing candles. I also use evening star doji's and kangaroo tails. The system also works on any timeframe (except that the stoploss range changes), so I also use it on 5 minute charts, but then I also look for volatility - i.e. the candles need to be at least 20pts big.
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asylum
Super Contributor
problem is that the almi is too expensive in my humble opinion.
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Not applicable
very difficult to day trade with ALMI. The costs amount to 25 points. If you are looking to capture 100pts, that is 25% absorbed by costs. Average daily transaction range for the TOPI is 400pts, so if you are good and capture 200 of those, then you are looking at 12,5% in fees. Add slippage and spread costs to the equation, and you will soon realize why you can't make any money
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asylum
Super Contributor
yes way too expensive i traded the almi for a short while but the brokerage fees are way too high, 1 alsi contract= R14.25 and the same on the almi which would be 10 almi contracts = 145.50, that makes the almi 1000% more expensive to trade!
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Not applicable
hey i am a bit stupid with candles.Does 2 15 min red candles that engulves 1 15 min red candle also count as engulving signal?
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Not applicable
no. The point about engulfing is it is an indication of what I term, a strong rejection of a price point. It has to be 1 candle, otherwise it indicates that the market is comfortable with the price point. Engulfing candles indicate a shift in market pricing, and need this needs to be quick, otherwise it is just sideways drifting indicating uncertainty
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Not applicable
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Ninja
Super Contributor
Hence intra day trading forex is the wise cost option. Having said that you can trade the Dow and Ftse for 1 pip in and 1 pip out as well.....if you secure a 100 pip move you looking at 2% cost, no commision etc. The nice thing is that if you use a stop loss on IG your margin requiremnts are almost nil. For EG: Trading Euro/$ $5 per pip with a 10 pip stop loss only requires a margin of $150!! ( A simple 30 pip move allows you to double your money) Hence the reason I use them....your costs are so low and the platform is mighty fine.
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asylum
Super Contributor
have to agree with you ninja, and forex less volatile and spreads fairly tight especially Euro/Usd. the ony concern i was reading about ig is that a guraanteed stop can cost as much as 18pips.
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