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

:-)

Good run on GBP/USD so far, I'm cashing in before this springs back

Shortie,

Old resistance frequently turns into new support, and vice versa.

I suspect that, having initially stalled above the upper red line and then having broken it decisively on the weak data, it will probably now move on down to the lower red line.

I agree Hilary, think this may now go sideways for a bit though.

2 HR FTSE...

I'm actually long the FTSE for the 1st time in a while - a strange uneasy feeling!

Hils I have a cable S/R line at about 1.5960, next one about 1.5840 which ties in with the downtrend (don't have time to paste the chart), so waiting for a break of 5960.

I had a couple of long bets yesterday on the FTSE Skinny, got a little burnt with them.

I got filled @6,312 - watching and waiting!

Floss,

We're down to my lower line now. Time to bank for me now.

Shortie,

I've been confused all these years, having been told once that Ichimoku was a Japanese motorbike.

Ta Hils, I'm still in, but watching closely.

Lol Hilary, well played, my exit was premiture. No doubt this will be another short play soon.

Closed at 1.5931

15 minute FTSE, small long in play 6335.3..

Good luck Shortie - I got stopped for +40 and now debating what to do.

I think the long side is favourite now - famous last words!

think that'll do for being long ftse.

Yes I've closed (from last night) - its all a bit surreal atm!

I know, gone short 6400.3, which ever way you look at the last few days we're still trending down so might as well be with the trend. Current rally looks overdone also.