Forum Archive Index - September 2003

[fntradingsolutions <fntrade@bigpond.net.au>]

How can you do thorough TA on many markets?  I trade 1 Market only the SPI,
my partners trade the Forex USD/JPY,
Options on Gold-Silver-Soybeans. Each trades and specialises in 1 Market. We
all benefit however.
But TA on many markets, how do you do it? Do trade for a living or live for
trading?
Woody
----- Original Message -----
From: "Phaedrus" <Phaedrus@techemail.com>
To: <Sharechat@sharechat.co.nz>
Sent: Saturday, September 27, 2003 9:28 AM
Subject: [sharechat] FA/TA


> T100,
>      It sounds to me as though you have quite a "tight" system with few
stocks making it past the initial screen, leaving you with a shortage of
trading candidates. You obviously know the answer though :- "Following my
approach means that I need a far bigger universe of stocks."   Right, and
you know where they are.
>  I suggest you open an account with Ameritrade - they give excellent
service and have the best online facilities I have found anywhere. It's
easy - all info is online at www.ameritrade.com. They charge $10.99/trade
(market or limit) and have a $2000 minimum initial deposit. What you get and
what you are charged depends a lot on your account size. For example, if
your acoount drops under $2000, they charge you $15/quarter. If your account
is over $100,000 you get free live Level II quotes, streaming charts, etc.
>  Currently, the US market closes at 8am NZ time. In the summer it closes
at 10am NZ time. It is therefore easy to monitor the last hour or three
without turning your life upside down. In any case, the market takes an hour
or two to settle, and this period is best avoided, in my experience.
>  All other things being equal, the higher the volume traded, the better TA
works. Your system should work better in Aus than NZ, and better in the US
than Aus.
>  I think you are ready to play with the big boys. Take care though, they
can be rough.
>
>                  Phaedrus.
>
>
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