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

Closed Cable last night for a small loss as it wasn't doing what I expected, but opened a GBP/JPY long this morning just below 162.

Not my best week but gotta keep trying!

Closed out AUD/NZD yesterday for a small profit, have gone short EUR/GBP this morning and long FTSE100 Mar 14 Future..

GBP/JPY hitting 2009 highs. Hope the trend is my friend.

Yes looking good Seymour.

Watch the 162.5 to 162.7 range for a pull back, Sterling looking a little too strong against the majors at present.

Closed +73, I'm pretty sure there will be a bit of a pullback.

No pullback, it's 50 pips higher!!

See if 164 breaks, I went short last night at 163.76

Not taking any position this morning unless a move becomes clear. Watching Cable for a possible break higher, but again, it's a another sterling cross which I'm getting wary of.

5th day in a row that the DOW has been toying with 16K - The $64,000 Question is which way!

imo, s+p is due for a correction which is not quite the same as saying that dow will (immediately) follow suit

Daily Trading Forecasts - 25/11/2013
By AZEEZ MUSTAPHA

PUBLISHED: 25 Nov 2013 @ 07:07


The conditions on the market are favorable to trend-followers, especially in the face of new signals and directional movements that are currently happening. For instance, the USDCHF has assumed a strong southward bias and the price could reach the support level of 0.9000 this week.

EURUSD: The EURUSD has assumed a strong northward bias and the price could reach the resistance line of 1.3700 this week. This is possible because the EMA 11 has crossed the EMA 56 to the upside while the Williams’ % Range gallivants in the overbought territory, showing the strength of the bulls.

USDCHF: The conditions on the market are favorable to trend-followers, especially in the face of new signals and directional movements that are currently happening. For instance, the USDCHF has assumed a strong southward bias and the price could reach the support level of 0.9000 this week

GBPUSD: On this pair, we have a Bullish Confirmation Pattern. The market moved upward by over 110 pips last week, closing at 1.6224. There is still much room for the price to go north, only that there could be some pullbacks along the way, which ought not to take the price below the accumulation territory of 1.6100 in worst cases.

USDJPY: Here too, the market is bullish. Yes, this is a bull market and the price would eventually test the supply level of 102.00, even possibly overcoming it. The great psychological demand level of 100.00 would act as a long-term barrier to the bears’ effort, for the price may not break that area to the downside in spite of the corrections that may happen in the course of this bullish journey.

EURJPY: This cross trended significantly upwards last week, moving upwards by more than 200 pips before closing at 137.29 on Friday. Since the bullish signal was generated a few weeks ago, the market has moved upwards by more than 610 pips. A great ride indeed!

Eye-opening trading lessons: http://www.harriman-house.com/experttraders

This is worth a read:

Mellon on the markets.

6723 last weeks FTSE high will be this weeks test.

Shortie - I have last weeks high as 6732.10 on Monday.

On the DOW we saw some weak economic data end of the week which lessens the likelyhood of an early end to QE.

You are correct Skinny, 6732 it is and will be this weeks test.

AZN breakout?

Having said 6732 would be this weeks test for a break higher its worth noting that 6700 seams to be a resistence point also looking at the last couple of weeks.

The previous 10 days FTSE highs :-

6744.77
6728.37
6726.81
6696.16
6703.12
6732.10
6723.46
6711.42
6697.69
6711.03