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

One day bounce and then back to carnage or recovery ?

I wouldn't call it a bounce yet, what we're seeing on the FTSE is a move back to support as previously discussed (read back on this thread)..

8742 long on DAX

8768 Dax closed +26

Edited should have read 8765 Dax closed +23..

shortie - i (nearly) always bow to your far greater expertise, but for ftse, i felt 6225 was the first hurdle (jumped with comparative ease) followed by 6250 (currently holding well)

how much immediate upside remains is hard (for me) to say, but i guess much will depend on how strongly usa opens and holds
cash dow is currently 16,271 which far surpasses the major hurdle of 16195

hey shortie.. nice trade..the german 30 one....especialy that there wasn't available sell price at that level today yet... the storys here are epic.. love it.. your eyes fully brown ...:)

This is what caused yesterdays reversal on Wall St.

http://www.bloomberg.com/news/2014-10-16/bullard-says-fed-should-consider-delay-in-ending-qe.html

As for hurdles on the FTSE you have to consider that the .VFTSE is at its highest point in the last 2 years @ 25% on close, so the normal resistance broken next resistance/support scenario isn't so valid as volatility fools investors into plays they wouldn't have necessary made if the index was say at 5-10%..

6765 then, my typo...



Get a life Thomaz, rather than analysing mine!

game, set and match i think :-)

yet another of MrT's asinine and falsely founded denigrations

Can you believe that Cynic, the cheeky bugger questioning my integrity... Must watch every bloody position I post waiting for his chance to spring thinking he's gonna catch me out somehow..

ignore ...... he's just a total arsehole

game set match my ass..
it just happen I trade dax today too..
anyway I like your tuning ...entertaining... mega lol

Course you traded it Tomasz! Just never bothered to post, seams to be the way with you... The positions you post fail miserably but you always have unposted positions that have made a heap of cash... Keep on dreaming and posting your bullshit... Real traders post here too you know, and we know bullshit when we see it!!

Hey tomasz this is a really good thread ,i try trading indices myself now and again ,try and keep it for that ,iv'e nothing against you myself .
Can't see why people want to argue , i'm more interested in others ideas ,never know you might make a few quid :)

while booking some flights, i see ftse has drifted back below 6250
perhaps rashly i have shorted at 6244 (i was a bit dosy yet again!), with a view to just a modest turn before cashing in

Depends ,is today a one day bounce and does it go pear shaped again tomorrow ?
I'm thinking we could get a good bounce before xmas .

jimmy b , I didn't know someone learnig from here ()... i'll leave in peace this cohabitant environment then...

most of us hope you'll leave this whole site and for good!

lol..yea I know..
I'm pain in a ass for many bullshitters .. I know...

thank you

you're just a pain in the arse and waste of space fullstop!

to plagiarise .....
Depart immediately out of this place. Go, get you out! Make haste! In the name of God, go!