rather than pick out individual stocks to trade, it can often be worthwhile to trade the indices themselves, especially in times of high volatility.

for those so inclined, i attach below charts for FTSE and FTSE 250, though one might equally be tempted to trade Dow or S&P, which is significantly broader in its coverage, or even NASDAQ

for ease of reading, i have attached 1 year and 3 month charts in each instance

Waiting for GJ to get back to around 149.7 before going short again...

Wall St Suppost/Resistance below, I think 14650 will be taken out this afternoon putting us in a 100 pip trading range.

FTSE Daily below, looking at the high/low points the chart suggests that a downtrend is being established. Waiting to see if this breaks below 6220 to close.

This moring the FTSE peaked @R3 and bounced @R1.

Doesn't look that out of place on the 30 minute, are you looking for a return to the 20DMA @ 6290 this afternoon Skinny?

After my "luck" this morning, I should go for a walk - but I'm looking for a move to the upside short term.

I wonder how many will be at their desks after lunch in the city today?

There is money to be made out there - if you can read these markets - I AM STILL OUT

Reading the charts is the easy part, understanding them is another matter.

I'm guessing a lot of city boys will be otherwise engaged this afternoon after Maggie's funeral.

I meant R1 & S3 above btw :-)

I thought you meant R1 & S1 on your chart Skinny, as no points were defined I didn't pay attention anyway..

Shortie - this is what I was looking at 1st thing - no idea now, but looks like your downside has it this afternoon.



R1..............R2............R3.........S1........S2.........S3

6332.83 6361.08 6378.73....... 6286.93 6269.28 6241.03
14812.61 14868.43 14975.14...14650.08 14543.37 14487.55

I just signed up for a gekkomarkets.com spreadbetting account. Cityindex have truly pissed me off today so will be closing bets only with them.

why them rather than say IG with whom i have certainly worked very happily for a number of years?

They all have their foibles when it comes to interpretation of stops/limits etc - especially if you are on a good run.

At the end of the day - they are the market and that is that.

the only way anywhere you can set firm stops/limits is to have a guarantee ..... IG certainly offer that service

AAPL
take a look at what happens when the market falls out of love with a stock ..... this one is now hovering at about $400 from about $700 mid september

this is why i won't buy ASC as i can easily see the same thing happening there

If you're serious about trading, I would NEVER recommend using a so-called broker who makes his own market and who trades against you. The spreadbet firms really are the worst of the bunch.

For currency traders, raw spread ECN coupled with the best possible latency is the only way to go imo.

Why don't you guys look at LMAX? It's a unique concept and, no, I'm not an introducer for them. :o)