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
Shortie
- 07 Mar 2014 09:39
- 14557 of 21973
FTSE long closed +7
jimmy b
- 07 Mar 2014 09:48
- 14558 of 21973
Still going your way shortie .
Shortie
- 07 Mar 2014 10:07
- 14559 of 21973
Its easy money at the moment Jimmy, hope the range stays tight so I can play large stakes... African Barrick Gold (ABG) have been doing well, did you ever buy back into these?
jimmy b
- 07 Mar 2014 10:17
- 14560 of 21973
No sadly i bought ABG and out with a nice profit then they flew and i just never got back in was waiting for a step back that never came ,missed out on a big rise .
I've been following your FTSE trades ,well done ..
Shortie
- 07 Mar 2014 10:50
- 14561 of 21973
Yeah on ABG I remember posting that they were undervalued but never bought as had enough exposure elsewhere. I'll have to keep an eye on them for a correction.. I didn't know you followed my FTSE trades, I don't always post the opening and closing positions if I'm away from a computer and do it over the phone. Skinny is good to follow on the FTSE also, I follow his posts and have to say always recheck my positions if he's going the opposite way.
Shortie
- 07 Mar 2014 10:57
- 14562 of 21973
FTSE100 Daily, should be a short play.
jimmy b
- 07 Mar 2014 11:01
- 14563 of 21973
Yup iv'e been watching skinny too , i'm next to useless on indices myself :)
skinny
- 07 Mar 2014 11:11
- 14564 of 21973
I've had one short from last night and one long this morning - now flat and waiting for 1:30.
Seymour Clearly
- 07 Mar 2014 11:12
- 14565 of 21973
I've got a few CEY which are doing quite well. Also bought ADN a few days ago.
Shortie
- 07 Mar 2014 11:13
- 14566 of 21973
We all have those days aswell Jimmy. I'm no professional trader, for a long time I lost on the markets but over time you get a feel for it as long as you learn from mistakes..
Shortie
- 07 Mar 2014 11:15
- 14567 of 21973
What you hedged at Skinny, 6774 I'm, debating a short carried over the weekend...
jimmy b
- 07 Mar 2014 11:17
- 14568 of 21973
I always stick to shares shortie iv'e traded everything in every way but after many years i settled on buying and selling shares it works for me .
Shortie
- 07 Mar 2014 11:25
- 14569 of 21973
I have equities also and a few bonds, mind you I tend to buy these for yield more than anything else.
Shortie
- 07 Mar 2014 11:28
- 14570 of 21973
6778.3 gone short, just a little one though..
skinny
- 07 Mar 2014 11:32
- 14571 of 21973
Shortie - I was short overnight and closed and reversed (too early) @6,760.
Long was closed @6,775.
I'll definitely be short over the weekend - cue Hilary stage right :-)
On edit :- I'm also short AV @524.
skinny
- 07 Mar 2014 13:26
- 14572 of 21973
Eyes down....
cynic
- 07 Mar 2014 13:34
- 14573 of 21973
The US added 175,000 jobs in February, topping expectations, even as winter's slush and frigid temperatures kept thousands of Americans from finding work. The unemployment rate edged up to 6.7 per cent.
Economists on Wall Street expected the country to add 149,000 new jobs during the month, after a 129,000 gain in January. Unemployment was forecast to remain unchanged at 6.6 per cent.
skinny
- 07 Mar 2014 13:41
- 14574 of 21973
cynic
- 07 Mar 2014 13:58
- 14575 of 21973
dow
i'm looking to gently short the dow at about this level or a tad higher
too far too fast springs to mind, and i don't think the ukraine/crimea/russia scenario has run its course either ...... but having singed myself about 10/15 days ago, i sure won't be aggressive
============
done at 16485
may add later
Shortie
- 07 Mar 2014 14:00
- 14576 of 21973
Looks like GJ double top forming...