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Silent Service Method

  • #9,841
  • Jul 19, 2010 8:57am Jul 19, 2010 8:57am
Quoting InfinitySL
I didn't think their earnings disappointed at all:

 

  1. They had their highest quarter of EPS/Net Income ever
  2. They had their highest revenue quarter ever
  3. Their gross margins were much higher than anticipated
  4. And they raised their guidance (for revenue, EPS, and margins) higher than the street was predicting on a going forward basis.

Don't get me wrong, their stock could go down (maybe a lot), but I think a bet on INTC going down is basically just a bet on the general market going down....

It never ceases to amaze me the number of times I see something in a completely different way to other traders - does that make me a contrarian - lol.

My take on this is the line I've drawn at about 22 - to me its a line of resistance from way back in 2006 and its just re-tested it.

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  • #9,842
  • Jul 19, 2010 9:31am Jul 19, 2010 9:31am
Am having a problem or maybe am the problem...............i have finally made a decision to trade only six pairs, i deleted all the other pairs i had on my platform but everytime i log in, the deleted pairs still always appear.........how do i get rid of the other pairs................cheers all
  • #9,843
  • Jul 19, 2010 9:36am Jul 19, 2010 9:36am
Another chart I like the look of.

I've got resistance at 1.622 which is also the 200MA.

Target 1.5?? or lower???

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  • #9,844
  • Jul 19, 2010 9:56am Jul 19, 2010 9:56am
Quoting clockwork71
This is correct. In the "Land of the Free, and Home of the Brave," we cannot trade CFD's.

It's our government's way of protecting us from ourselves.
So you can buy any amount of firearms and junk food but not CFD's?
Position trader - Anything intraweek is just noise...
  • #9,845
  • Jul 19, 2010 9:58am Jul 19, 2010 9:58am
Quoting Danku
Am having a problem or maybe am the problem...............i have finally made a decision to trade only six pairs, i deleted all the other pairs i had on my platform but everytime i log in, the deleted pairs still always appear.........how do i get rid of the other pairs................cheers all
If you're on Metatrader try saving the profile as something else, I think you can even save a profile just as 'default' and it will open up as is the next time. If you're not on Metatrader then ignore the above!
Position trader - Anything intraweek is just noise...
  • #9,846
  • Jul 19, 2010 10:02am Jul 19, 2010 10:02am
Quoting Danku
Am having a problem or maybe am the problem...............i have finally made a decision to trade only six pairs, i deleted all the other pairs i had on my platform but everytime i log in, the deleted pairs still always appear.........how do i get rid of the other pairs................cheers all
By the way, I tried cutting down the number of pairs I traded but this didn't work for me. All I did was miss out on all the opportunities available on the other pairs. Now I just trade weekly charts and try really hard not to look and see how my trades are doing during the week. The way I see it I'll probably pick up as many pips by trading weekly charts than I would trading dailies because the moves are bigger but the big difference is that it will be much less exciting. That's really what I need, to get the excitement elsewhere in life and get trading to be a mundane chore. I hope this helps?
Position trader - Anything intraweek is just noise...
  • #9,847
  • Jul 19, 2010 10:15am Jul 19, 2010 10:15am
Quoting Arfer Daily
So you can buy any amount of firearms and junk food but not CFD's?
Sorry, I can't hear you right now. I am chomping on Doritos and firing off excess rounds with my Glock 9.
  • #9,848
  • Jul 19, 2010 10:31am Jul 19, 2010 10:31am
Quoting clockwork71
Sorry, I can't hear you right now. I am chomping on Doritos and firing off excess rounds with my Glock 9.
LOL. Maybe that's why England, the green and pleasant land is so tranquil? After all we've only had 15 teenagers knifed to death in London so far this year, that's not too bad.
Position trader - Anything intraweek is just noise...
  • #9,849
  • Jul 19, 2010 12:10pm Jul 19, 2010 12:10pm
Since we can't trade CFD's in the USA, how much would all of you USA traders think would be needed to fund an account to allow you to trade stocks, options and futures?

$50,000?
  • #9,850
  • Jul 19, 2010 12:24pm Jul 19, 2010 12:24pm
Quoting unlv_tj
Since we can't trade CFD's in the USA, how much would all of you USA traders think would be needed to fund an account to allow you to trade stocks, options and futures?

$50,000?
Just a guess here, but the limits placed on stock accounts ($25,000 min)are in regards to day-trades(no more than 3 per week), since most of my trades last longer than a day, it wouldn't affect me.

I think anyone can get into options if they find a broker with a low enough minimum balance, and the same should go for futures (if they can afford the contract).
  • #9,851
  • Jul 19, 2010 1:21pm Jul 19, 2010 1:21pm
Quoting Low
Just a guess here, but the limits placed on stock accounts ($25,000 min)are in regards to day-trades(no more than 3 per week), since most of my trades last longer than a day, it wouldn't affect me.

I think anyone can get into options if they find a broker with a low enough minimum balance, and the same should go for futures (if they can afford the contract).
I am thinking the minimum to trade a full future Contract (a mini) is $2,500. Then you have margin calls, and needing enough for other trades, etc.

Just trying to get a ball park figure.
  • #9,852
  • Jul 19, 2010 2:51pm Jul 19, 2010 2:51pm
Quoting Arfer Daily
LOL. Maybe that's why England, the green and pleasant land is so tranquil? After all we've only had 15 teenagers knifed to death in London so far this year, that's not too bad.
Can't be bothered with a knife. It takes too much work.
  • #9,853
  • Jul 19, 2010 2:52pm Jul 19, 2010 2:52pm
Quoting unlv_tj
I am thinking the minimum to trade a full future Contract (a mini) is $2,500. Then you have margin calls, and needing enough for other trades, etc.

Just trying to get a ball park figure.

I would think you could do it with as little as 20k, if you don't have tons of positions on at one time.
  • #9,854
  • Jul 19, 2010 3:02pm Jul 19, 2010 3:02pm
Quoting clockwork71
Can't be bothered with a knife. It takes too much work.
Inserted Video
  • #9,855
  • Jul 19, 2010 3:03pm Jul 19, 2010 3:03pm
Crap day today in that nothing happened really.

GBPCAD as expected dropped off 1.62 but not enough to close my 2.5% profit long of last week. Probably tomorrow

Nzdusd left a very indecisive mark. No-one knows where this is going next even with the weekly pin. This is mainly due to it also hitting the 50% retrace of the last big upmove. It has to convincingly pierce that before id take it bearish. Tomorrow and Wednesday will tell all.

The euro continues its upward march but its going to hit strong resistance on eurgbp at .85 which allied to the res it hit on friday on eurusd at 1.3 might be enough to see it tumble. Euro still indecisive for me though.

So as per usual, both Friday and Monday were days to not even turn on the trading platform
  • #9,856
  • Jul 19, 2010 3:34pm Jul 19, 2010 3:34pm
Quoting unlv_tj
I am thinking the minimum to trade a full future Contract (a mini) is $2,500. Then you have margin calls, and needing enough for other trades, etc.

Just trying to get a ball park figure.
There are some brokers offering $500.00 margin E-minis ,Transact, Infinity, Cannon, etc....
Question is, do you want to use these sort of margins?
Biggest joker
  • #9,857
  • Jul 19, 2010 3:59pm Jul 19, 2010 3:59pm
Similar principles do apply to intra-day.
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I will not go into my reasons for exit, that is more difficult than entry.
Biggest joker
  • #9,858
  • Jul 19, 2010 5:29pm Jul 19, 2010 5:29pm
Quoting baron193
There are some brokers offering $500.00 margin E-minis ,Transact, Infinity, Cannon, etc....
Question is, do you want to use these sort of margins?

Margin like that is a really good way to blow up the account.
  • #9,859
  • Jul 19, 2010 5:33pm Jul 19, 2010 5:33pm
Quoting jicjoc
Crap day today in that nothing happened really.

GBPCAD as expected dropped off 1.62 but not enough to close my 2.5% profit long of last week. Probably tomorrow

Nzdusd left a very indecisive mark. No-one knows where this is going next even with the weekly pin. This is mainly due to it also hitting the 50% retrace of the last big upmove. It has to convincingly pierce that before id take it bearish. Tomorrow and Wednesday will tell all.

The euro continues its upward march but its going to hit strong resistance on eurgbp at .85 which allied to the...
One of the biggest problems is that we are in the middle of summer.....and in the middle of vacation season. Unless you were trading 4 years ago, you have never seen a "normal" summer. Slow is a good word to use.
  • #9,860
  • Jul 19, 2010 9:44pm Jul 19, 2010 9:44pm
Quoting unlv_tj
I am thinking the minimum to trade a full future Contract (a mini) is $2,500. Then you have margin calls, and needing enough for other trades, etc.

Just trying to get a ball park figure.
Depends... What are you trading, how are you trading it, and how much leverage do you like to use? For the S&P E-Mini contract, the multiplier is 50, so for instance the index is at 1063.75, so that's a $50,000+ dollar contract. (since it moves in 0.25 tick increments, each tick is $12.50). The Nasdaq 100 on the other hand is "only" 20x the index, but the index is at 1804, so that's about $36,000 (each tick $5). If you open an account with $10,000, you're talking 5-1 or 3.5-1 leverage on those contracts. If you open with $30,000 it's significantly less.

If you're holding for days, you could be in for 1-2% moves or more. A 2% move on the S&P is 21 points, or 84-ticks, or...$1,050. Not the type of move i'd be comfortable with with a $10,000 account. If you're only holding intra-day, maybe it's only 20-ticks ($250)

At the end of the day, it all comes down to your risk tolerance -- what you're comfortable with. If you risk 10%/trade, you don't need a big account. If you're a scaredy-cat like me and only risk 0.5% on each trade, you'll probably need significantly more $ depending on how wide your stops are and how long you hold trades.

Of course, if you're trading Mini-sized Corn Futures You won't need nearly as much margin!

There is no one-size fits all... If in doubt, start smaller and build up the account with regular deposits. Good Luck!
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