Barclays Share Discussion Threads

[capricious] 19/10/2010 10:17

Does anyone use premarket data to help with their day trades. Not that I've traded the US market, but I think they have a number of instruments/indicators for people interested in such things?

[xamf] 19/10/2010 10:11

Guys, someone has already raised the point that there's too much attention focused on Ken's trading system. It is interesting but feel that too much emphasis is focused on it here. I understand this is 'Ken's thread' but feel the balance is wrong. Ken has another thread dedicated to the purpose.
Gauging the direction of the FTSE is the bedrock of any short term trader and is therefore relevant here. However a better balance in favour of Barclays would be more desirable in my opinion. No disrespect intended as I appreciate that many who follow Ken's system are experienced investors/traders.

[capricious] 19/10/2010 10:02

seccol,

Then you shouldn't have posted it!

[seccol] 19/10/2010 09:57

Stupid comment!!!

[xamf] 19/10/2010 09:56

Apologies for mentioning Barc but Bank of America report today ;+) . I'm pretty sure it's before the open.

[capricious] 19/10/2010 09:55

Hmm noted...

You'd think people had better things to do with their time, some kind of mental weakness I guess.

[seccol] 19/10/2010 09:55

Sorry but thread has been ruined by a system that at best
earns peanuts,which eventually will fail.
Their is no system which works for a long period of time.

[thetatrader] 19/10/2010 09:51

Capricious

I think you'll find knight146 is another of the northerner's attempts at humour.

If knight146 can point to one of his posts that does not mention Ken's system then he has my apologies.

[capricious] 19/10/2010 09:40

RobertFaulkner,

Give it a chance :) the day isn't finished yet and could as easily change. Ken is trying to achieve at least 2 successful trades a week, which consistently offset the expected loses. On performance so far, he has done remarkably well. Also bearing in mind the system is designed to have minimal setup and intervention (none being the norm). I think this is one of the great advantages, as it stops the trader reacting on perceived market change and adjusting after the fact

[capricious] 19/10/2010 09:33

Hi Knight,

Although I've only just had a chance to look at whats happening, I hope Ken doesn't mind me answering.

Ken and Theta will only have one order in play that is the short @ 5720. Referring to the pdf

If my open is above the previous day's Pivot Point and below the previous day's R1, then the trades for each index will consist of

- 1 long to open at R1 which will close by selling if the price reaches R2, and
- 1 short to open at the PP which will close by buying if the price reaches S1.

If my open is below the previous day's Pivot Point and above the previous day's S1, then the trades for each index will consist of

- 1 long to open at the PP which will close by selling if the price reaches R1,
- 1 short to open at S1 which will close by buying if the price reaches S2.


No Long should have triggered as yet.

[sawadee3] 19/10/2010 09:29

Happy days chaps !

[knight176] 19/10/2010 08:19

Are you going to keep your short open at 5720 as well as your long order or is tht been deleted

[kenbachelor] 19/10/2010 07:11

My open was 5,725.5 so short from 5,720 has now opened

[capricious] 19/10/2010 06:46

Thanks Ken, Theta


I didn't think any broker guaranteed an exact order fill, often there is slippage? I'm tracking the trades and wanted to have the correct figures for analysis.

[knight176] 18/10/2010 20:35

ken will trade 5720 long at this price do you still play to the staking plan, yesterdays open would be is below the pp and obove the days s1,so there for 1 long would open at pp and 1 short at s1

[isis] 18/10/2010 17:55

layer cake - Interest rates are at a 300 year low - do you know why?

[thetatrader] 18/10/2010 17:51

capricious - 18 Oct'10 - 17:31 - 62771 of 62772
===============================================
Also, there are only 4 possible 'close out' prices, R2, R1, S1, S2.

That's if the trade is successful.

[kenbachelor] 18/10/2010 17:40

Capricious - I don't understand your question. Today's trade was £9pp long @ 5,704 with a limit of 38.5 points, therefore the close would be @ 5,742.5 and the profit £9 x 38.5 = £346.50. Remember that the form I post in the header is rounded and the actual figures are shown under the 5 day record link as PP = 5,704.41 (rounded down to 5,704) and R1 = 5,742.88 so take off 5,704.41 = 38.47 (rounded up to 38.5).

I hope that helps.

[capricious] 18/10/2010 16:31

Hi Ken,

What was the close out price for the buy order? Could you add that when posting on your successful closed orders? Doesn't have to be on the header, just to a normal posts.

Thanks

[layer cake] 18/10/2010 16:19

good to see barc made almost 10 points.

will Osborne destroy the joy of many tomorrow in announcing further cuts except of course his wages.

interest rate rise will then follow at some point to further screw the british citizen and re-balance the cost of printing all this money to aid MP's in their second and third home purchases.

WE GOT YOU SUSSED

[marketeye3] 18/10/2010 15:14

well played ken and co on the ftse trades, i am watching and learning with great interest.

[capricious] 18/10/2010 14:28

Excellent, as the famous ukulele-banjo player used to say, "Turned out nice again"!

[kenbachelor] 18/10/2010 14:17

Long trade closed for a profit of £346.50 and short unopened trade deleted.