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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

rekirkham - 29 Sep 2015 09:54 - 18604 of 21973

Dollar now in a weaker cycle ( not continuous straight line ) and if stays weak or goes
even more weaker then the prices of both gold and silver should rise to maintain their
values in real terms -

numbers now £/$ + 28.3, Gold - 5.41, Slvr -4.5, let's see what happens -
tho it may take several hours to adjust to real values

Gold and silver should move higher, or worst senario £ / $ will return to lower levels

rekirkham - 29 Sep 2015 12:24 - 18605 of 21973

I would rather watch paint dry at the moment, as nothing seems to be happening.

Maybe all hell will let loose soon ?

Are we waiting for some Govt statistics from somewhere ?

Maybe jim has some more pictures, as I am bored ?

HARRYCAT - 29 Sep 2015 14:09 - 18606 of 21973

You could always start trading currencies! I believe that is a way of keeping yourself entertained to the max. ;o)

jimmy b - 29 Sep 2015 14:34 - 18607 of 21973

Cover your eyes the DOW's opened .

cynic - 29 Sep 2015 14:46 - 18608 of 21973

it was much better before it did!
having indicated +80 it's currently -50 ...... let's hope that's just a hangover from last night

jimmy b - 29 Sep 2015 14:48 - 18609 of 21973

Went long FTSE earlier with a stop at 6920 which has triggered ,when to go long again ? or not as may be the case .

cynic - 29 Sep 2015 15:05 - 18610 of 21973

scared myself with a small dow long at 16005
this then dived but thank goodness recovered strongly, so i got out with +32

not sure whether i have enough spare undies with me to have another dabble later :-)

cynic - 29 Sep 2015 15:46 - 18611 of 21973

DOW having quite a problem getting above and holding 16,100 ...... it's had several attempts (6+ times) already today and fallen back on every occasion

cynic - 30 Sep 2015 08:35 - 18612 of 21973

as posted on advfn yesterday, markets often fail to follow a logical path

even so, the o'night jump certainly comes as a welcome relief, though i do wonder how fragile this bounce may prove to be, even if (for example) FTSE has comfortably cleared the important 6,000 hurdle, at least for now

however, nagging at the back of my mind is that this is the last trading day of the month, so the funds and similar could just be squaring away their books

cynic - 30 Sep 2015 08:42 - 18613 of 21973

have followed my own advice and banked a thankful and decent profit on FTSE (+44)

cynic - 30 Sep 2015 15:10 - 18614 of 21973

almost tempted to short FTSE later this evening - perhaps when wall street closes - on the basis that today's rise is quite possibly just squaring of the books ...... and of course it's 1/4 as well as month end

cynic - 30 Sep 2015 16:17 - 18615 of 21973

on the basis that FTSE has really struggled to break 6050, have just placed a small short at 6045.8

jimmy b - 30 Sep 2015 16:20 - 18616 of 21973

Wonder if your right ,i'm more inclined to go long when it's taken a battering .

cynic - 30 Sep 2015 16:25 - 18617 of 21973

and of course it's 1/4 as well as month end ...... is part of the logic, and i saw nothing else this morning that should have inspired such a strong surge

cynic - 01 Oct 2015 08:01 - 18618 of 21973

i sure called that wrong and it just goes to show how markets can defy logic, for we have had yet more weak industrial numbers from china, imf forecasting weaker world economic growth, us employment numbers tomorrow and forthcoming earnings likely to be pretty rough

splat - 01 Oct 2015 08:18 - 18619 of 21973

Perhaps all that is already discounted cynic? After all the Dow has given back some 1,900 points since its peak and the FTSE over 1,000 until today's rise.

cynic - 01 Oct 2015 08:23 - 18620 of 21973

dunno guv :-)
easy to rationalise after the event, but it'll be interesting to see if this rally has any real legs

cynic - 01 Oct 2015 08:38 - 18621 of 21973

in fact, i now note that the chinese numbers were still pretty pissy but above expectations

cynic - 01 Oct 2015 13:04 - 18622 of 21973

glad i didn't get panicked into closing out ...... but then sure as hell wasn't brave enough to add further either!

cynic - 01 Oct 2015 16:37 - 18623 of 21973

looks that my logic was right even if the timing proved to be rubbish
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