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FTSE + FTSE 250 - consider trading (FTSE)     

cynic - 20 Oct 2007 12:12

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

stroreysj - 07 Mar 2008 13:13 - 1404 of 21973

If your in an office cnbc webcast. It costs 31 quid a year.

BigTed - 07 Mar 2008 13:46 - 1405 of 21973

Quite frustrated at my lack of actions, but have one position running badly against me which is affecting my thinking on any other trades, have called a couple of good ones last couple of days, but taken no action because of the position i find myself in... I very nearly shorted wall street at 12070 less than an hour ago...

BigTed - 07 Mar 2008 13:51 - 1406 of 21973

Payrolls plunge by 63,000 largest monthly decline in 5 years... Is this the start of a massive sell off, or will it be shrugged off, this on top of fresh credit concerns yesterday, outlook is bleak.

shadow - 07 Mar 2008 13:55 - 1407 of 21973

Dow now at 11,936 and looking negative. today

cynic - 07 Mar 2008 14:05 - 1408 of 21973

ran a FTSE short from last last night .... got very scary just before US figures with FTSE jumping up and down faster than Zebedee .... cashed in as 5667 as i believe there is perceived support at 5675 ..... makes up for my stupidity yesterday where i forgot basics and failed to cash in a decent profit on Dow.

am quite tempted to short Dow now (about 11940) with a stop at say 12025 just in case the market takes it into its head that the next big rate cut is not only just round the corner but is a "good thing"

stroreysj - 07 Mar 2008 14:34 - 1409 of 21973

there has to be central bank intervention going on . Cant think of any other explanation that would push the eur / $ rate down so quickly

Falcothou - 07 Mar 2008 15:21 - 1410 of 21973

Should bode well for crude shorts though!

BigTed - 07 Mar 2008 15:27 - 1411 of 21973

Market being very resiliant, tough call, but monitoring equities in the wider market, no sign of panic, so Bear market or still correction in overall Bull market, time will tell, but convinced market will be back towards highs by year end...

BigTed - 07 Mar 2008 15:51 - 1412 of 21973

When the hell is the price of oil going to come back to sensible level? i fear the US is heading for stagflation, and then worse - hyperinflation

stroreysj - 07 Mar 2008 15:57 - 1413 of 21973

its not doing anything. I have made a small fortune today trading between 30 point ranges. It takes intense concentration and constant vigilence but pays off. i wouldnt be surprised if it rose a little further then sold off in the last hour tracking the stronger $

required field - 07 Mar 2008 16:47 - 1414 of 21973

The demand in the far east is outstripping any possible savings by ourselves penny pinching by not driving so much...not enough to go around....Saudi reserves declining etc...apart from the BG. discoveries in Brazil and possibly later the Falklands, no big discoveries....so here we are...like I said before : 2 worlds of Oil and Gas stocks going ballistic and the rest slumping...this could lead to nationalisation of certain Oil stocks in risky countries !

cynic - 07 Mar 2008 17:41 - 1415 of 21973

think i'll go hang myself! .... def a case of, "When Cynic decides to sell, it means buy and vice versa" .... hey ho! ..... i've had 6 positive weeks on the trot, so a reversal had to happen sooner or later .... just infuriating to do so primarily through lack of discipline

stroreysj - 07 Mar 2008 17:46 - 1416 of 21973

is anyone trading on IG ? They have kicked me out of the system and won't let me back in. Being a of the cynical time i think it was because i was making too much money today or do they have system problems

cynic - 07 Mar 2008 18:03 - 1417 of 21973

i have traded on IG for several years and still do ..... IG are delighted if you make money ..... that part makes no odds to them at all for they make their money on volume of trade and the commission .... give them a ring

stroreysj - 07 Mar 2008 18:21 - 1418 of 21973

I did so panic over. Ive traded about 50 times on oil today and the thing fell over. Fortunately up again. Thank goodness its Friday as I am knackered. Not looking good for the FTSE on Monday unless the dow turns around. The fear was if large selling volume comes at the end of the day we could be in unchartered territory.

cynic - 07 Mar 2008 19:35 - 1419 of 21973

having managed to totally screw up Dow today - how could i be such an arsehole - am now totally out ..... would like to think there will be a strong recovery but i have my doubts and am not prepared to risk yet more dosh to find out ...... shall wait for close and just may then open a position on FTSE for Monday, but common sense should probably say, "Don't do it!"

at least i have running shorts in SOLA and WPP, but that will be scant solace if tonight turns into a total bloodbath, and i then shudder to think what monday will bring

BigTed - 07 Mar 2008 20:58 - 1420 of 21973

For my part i have been busy closing equities as protection, but failed to open any shorts as a direct hedge, still trying to get myself out of a hole im in with Nymex...

cynic - 07 Mar 2008 21:05 - 1421 of 21973

have just opened a short of FTSE at 5674.5 .... 5675 is meant to be a support, but i cannot see that holding on monday morning with Dow closing at 11890

Falcothou - 08 Mar 2008 08:49 - 1422 of 21973

Cynic from your recent posts it sounds like you would be in consideration as NUFC manager!

required field - 08 Mar 2008 10:30 - 1423 of 21973

I know you lot are all shorting but from my point of vue...I need this bear market to end !
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