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

I have :-)

Long or short skinners?

(I'm guessing long)

what's your hunch peter?
mine is also blue and took a small position at 11195

Yes - small DOW @11,180.

Long from 11197

11195.7 to be precise.

So having backed our respective hunches, who's gonna cash first?

Loon Tunes are back in town don't you just love those crazy yanks :O)

If it helps there's a gap to be filled at 11800 lol

Stopped half @11,330 +150.


"

have moved my stop so am now guaranteed a profit

Out the rest @50 +170 - I'm sure there isn't is more to come :-)

Closed for +152 at 11348
No idea if I've just surrended a shed load more pts but happy with what I've banked.

Entered the trade on a 3 candle formation pattern (15 min chart) and it's possibly in the process of making the same pattern now, hence my exit.

Pt - exactly - I've had to put it mildly - a naff week - so its nice to bank some profit.

That makes two of us Skinners :-(

15 min chart pattern didn't complete, I reckon it's going higher, but haven't got the balls to go back in right now!

and i moved my stop a bit further upwards

My candle pattern didn't complete on the 15 min but did on the 30min so very pleased I closed when I did.

Must admit I really thought we were in for a crazy up day, but plenty of time left yet!

stopped out at 11275 which was still +80 which is fine by me