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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

splat - 02 Oct 2015 13:42 - 18633 of 21973

Interesting!

cynic - 02 Oct 2015 14:30 - 18634 of 21973

had a limit on 1/2 dow long which was easily hit so had a nice 57 point profit there
balance still running along very jollily

ftse is still out of the money, but not by much

jimmy b - 02 Oct 2015 14:37 - 18635 of 21973

Jammy or what ? did you manipulate the US figures . Could be more downhill from here for a while .

cynic - 02 Oct 2015 14:47 - 18636 of 21973

have just cashed in last part of dow for +154
50-odd points off the bottom, but as i was at the gym from 13:00, assuredly no complaints
in fact i see that dow's low was 16,011 which was very close to my original target


a dump by ftse would now finish off quite a reasonable week for me, though i've sure been pretty stupid at times

cynic - 02 Oct 2015 15:21 - 18637 of 21973

as i happily admit, i know bugger all, but certainly DOW still looks to be in a bearish pattern with lower highs and lower lows since august on almost any sensible timescale you care to look at

however, as has been abundantly shown, volatility remains exceptionally scary, so if you can get the rhythm right - or even wrong as i have shown! - there's still good money to be made in either direction

jimmy b - 02 Oct 2015 15:24 - 18638 of 21973

The US500 is worth playing for higher stakes alongside DOW .

cynic - 02 Oct 2015 16:08 - 18639 of 21973

it's not an index i've ever followed, so i'ld be diving in even more blind

jimmy b - 02 Oct 2015 16:10 - 18640 of 21973

Line it up on your watch alongside DOW it kind of follows .

Iv'e been long DOW from 16151

cynic - 02 Oct 2015 16:27 - 18641 of 21973

confess i haven't had time to follow closely today, but i see it's been zipping around like a crazy yoyo
my thought is to short DOW once more at around 16,180 where a small resistance looks to be forming

jimmy b - 02 Oct 2015 16:31 - 18642 of 21973

Closed 16180

Still going up ,don't want to be watching screen in to this evening .

cynic - 02 Oct 2015 16:36 - 18643 of 21973

short 16,185.4 :-)
currently looking a bit premature as quick zip up to 16,210 or so

jimmy b - 02 Oct 2015 16:37 - 18644 of 21973

It's all over the place !!

jimmy b - 02 Oct 2015 17:15 - 18645 of 21973

Going blue i think .

cynic - 02 Oct 2015 17:19 - 18646 of 21973

like you said, it's all over the place
i'm happy enough to sit tight for quite a while

cynic - 02 Oct 2015 17:50 - 18647 of 21973

US rate increase - a view
While it's always important not to over-react to one single data release, we'll make an exception in this case," said Paul Ashworth, chief US economist at Capital Economics.

"The chances of a rate hike by the Fed this year just went way down," he added, saying he expects the central bank will wait until early 2016 for an increase.

Before today's release, Federal Reserve chair Janet Yellen had said policymakers expected a rate rise this year. The Fed meets on 27-28 October and again in December.

============

i am not so convinced, and if it is delayed, the shock when it comes is likely to have a much more vicious impact on the markets

jimmy b - 02 Oct 2015 17:57 - 18648 of 21973

Went long for 47 pts .

cynic - 02 Oct 2015 18:02 - 18649 of 21973

i'll continue to sit tight and may add further if we get much north of 16,400 - say 16,450

jimmy b - 02 Oct 2015 18:05 - 18650 of 21973

Bit of luck for me really .
I think we could be up and down over the next week ,however the non farm figures didn't seem to have an affect for more than a couple of hours .

cynic - 02 Oct 2015 20:02 - 18651 of 21973

trade off between interest rates going up within 2/3 months and now arguably not

Claret Dragon - 05 Oct 2015 08:33 - 18652 of 21973

Positive start to the week.

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