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Great dive on alsi

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Frequent Contributor
this morning, but i guess this is a good opportunity to go long here, one hour chart pointing upwards.
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Super Contributor
yes, 1 hour on ALSI is up but SP500 1 hour is down but in a range so cant make a call on its 1 hour trend.....
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We now also have the JUN11 FINI.Quite the hot-rod and only R9k per contract.9x leverage.Makes it quite attractive versus the ALSI,which costs far more per said contract and 10x leverage.## Hope the ALSI reaches 29200.I need 4 Short at/above for the Big Ride down.The Big Ride down.The Big Ride down...
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Valued Contributor
margin amount not important, but a 21 point spread is pretty rough ..
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Frequent Contributor
What is actually reason for these wide spreds, ALMI is even worse, whne alsi is on 5 pips, almi is on 80. CAn anyone shed light on it, please, is it number of buyers?
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Super Contributor
liquidity... no volume-higher the spread. ALMI- not enuf volume. Forex-tight spread because of liquidity....
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Valued Contributor
if ALMI is on 80 than coz market maker is not in .. typically they 3-6 points either side of the ALSI spread ..
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Super Contributor
VI,good to see you alive and kicking, hope you cashed in and still cashing in on GLD
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prancing horse:Hi there.Gld made me some honest money.I've switched to the ALSI (since March).It's faster.It's working.And it's....exciting,like leaning over Niagara Falls and just breathing in all that ...death(heh).I use the Zarp Method.(don't ask.).It involves tinfoil hats and special frequencies,etc.Anyway,good trading out there.This Piranha has to swim to Disinfo Gorge and disseminate the latest noise.A flick 'o the tail....he's gone.
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Preparing for a short later?
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Super Contributor
was short, was long,now short
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Long at open,then short.then long again.Out now waiting for more action.Looks like 28150 to 28250 is back as a target for me.
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Super Contributor
jumped it a bit but low risk since stop was at high of day and now stop at breakeven....time to go fishing
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Super Contributor
Now at 61.8% retrace of days high
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Super Contributor
and bounced off! Taken profit and closed at 61.8%....well done again Christos
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