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
cynic
- 12 Jan 2017 15:03
- 21188 of 21973
so far so good this afternoon, with DOW tumbling sharply, pulling DAX in its wake (i have a modest short in each)
whether or not that direction will be maintained throughout the evening remains to be seen
jimmy b
- 12 Jan 2017 15:09
- 21189 of 21973
Pop !
explosive
- 12 Jan 2017 15:38
- 21190 of 21973
10 year note @ 2.6 also a factor. Has the so called bond bull market finally been broken?
HARRYCAT
- 12 Jan 2017 15:47
- 21191 of 21973
I've got to admit that I am quite impressed by the Ichimoku cloud trading technique. I'd not heard of it before........will have to do much more research, though the concept of five lines only, doing away with all other indicators sounds ideal! I have a feeling it's not that simple...........if only!
Chris Carson
- 13 Jan 2017 07:25
- 21192 of 21973
explosive
- 13 Jan 2017 09:47
- 21193 of 21973
It's not as complicated as some think Harry. When used with rsi and candlestick indicators. The hardest bit I think is setting the parameters correctly e.g. 9, 26, 52 averages which would be useless for anything but daily trading off closing prices. I tend to use much lower parameters as I mainly trade for a few hours using spreads taking smaller profits but changing direction more frequently.
cynic
- 13 Jan 2017 17:22
- 21194 of 21973
DOW
looking like a string of lower highs and lower lows forming
currently down 20 and near its low for the day after +64 at its peak today
Chris Carson
- 14 Jan 2017 08:23
- 21195 of 21973
Claret Dragon
- 16 Jan 2017 06:10
- 21196 of 21973
7500 for FTSE soon!!!
explosive
- 16 Jan 2017 14:38
- 21197 of 21973
HArd brexit and recession already priced in I think.
cynic
- 16 Jan 2017 14:44
- 21198 of 21973
bullion price suggests otherwise, but the markets are especially difficult to read at the moment as there are so many major and unknown factors that can influence
Stan
- 16 Jan 2017 14:57
- 21199 of 21973
Yes gold has been moving up for a while now, caution needed.
explosive
- 16 Jan 2017 15:19
- 21200 of 21973
Gold is still well off its 6 month high @ 1360
Sequestor
- 16 Jan 2017 15:36
- 21201 of 21973
Pound falls to its lowest in three months on possible 'hard Brexit"
Pound up , FTSE up,
------------------------
hahahahahahahahahah
explosive
- 16 Jan 2017 16:10
- 21202 of 21973
You lost me!
Chris Carson
- 17 Jan 2017 09:34
- 21203 of 21973
cynic
- 17 Jan 2017 13:28
- 21204 of 21973
FTSE
markets now very undecided, so banked a small profit from a FTSE short and shall now wait to see in which direction FTSE now travels as it's currently at a quite important resistance (7265)
cynic
- 17 Jan 2017 14:18
- 21205 of 21973
just having a well-earned breather ......
FTSE looks as though it may be heading a fair bit lower as no immediate bounce from 7265
DAX is stuck in a channel, so see no reason to trade it
DOW looks to be heading lower again
GOLD remains very strong, which i guess tells us something though not sure what!
explosive
- 17 Jan 2017 14:53
- 21206 of 21973
7265 resistance, hhhmmm not on my charts there's not.
explosive
- 17 Jan 2017 14:56
- 21207 of 21973
6800 I'll look to unwind my shorts I think.