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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

explosive - 31 Jan 2008 16:53 - 843 of 21973

Spitfire post 835, very well said in not going against the thread.. I have said before that I trade without stoploss on indicies in time of volitality, when doing this I am always at my screen and able to close my position at the click of a mouse. I also run 1 minute charts so I can see the trend.

cynic - 31 Jan 2008 16:57 - 844 of 21973

would not disagree with 12785 .... certainly a break with impetus and held above that level would be needed to break the downtrend

but very difficult markets indeed ..... opened a very modest Dow long (with guaranteed stop!) and it is now 250 points to the good ..... almost needless to say, i have been moving my stop too.

explosive - 31 Jan 2008 16:59 - 845 of 21973

Well done Cynic, I think we'll see the DOW fall back now, just stretching its legs I think.

cynic - 31 Jan 2008 17:00 - 846 of 21973

quite possibly ...... if i was that certain, or even less uncertain, would not have spent the extra to have a guaranteed stop

explosive - 31 Jan 2008 17:06 - 847 of 21973

Easy for me to say right now as have no open positions. Will be back online in about an hour through to the US close... I know my confidence will take a beating then... Anyway must say a big well done to Big Ted making a profit on his first CFD, hopefully more of those to come...

cynic - 31 Jan 2008 17:30 - 848 of 21973

my long just shut out at 12495 with near enough 200 point gain, so certainly no complaints ...... only a modest stake, so sure won't pay off the mortgage, but will more than pay for Valentine's Night dinner with "'er indoors"

BigTed - 31 Jan 2008 18:04 - 849 of 21973

and to think i opened one by mistake at 12266 earlier, sheeesh...!!!

spitfire43 - 31 Jan 2008 18:08 - 850 of 21973

explosive - I take your point about not using a stop/loss in volatile markets, but I can't stand starring at a screen too long, It's also no good for my nerves, so I like to use them and limit prices so I can do something else.

bhunt1910 - Sorry to hear about the missus, sounds scary

explosive - 31 Jan 2008 18:17 - 851 of 21973

Each to their own Spitfire, when I play the equities I set stop losses so not as though I do it often. Just makes the point for any newbees reading the thread.

explosive - 31 Jan 2008 18:23 - 852 of 21973

Does anyone also play the markets online at Ladbrokes, for large moves you can odds of 28/1 and the only risk is your stake. You can bet 5mins, 1hr or daily move. I've had some very good wins on Ladbrokes and have to date withdraw much more than I've ever paid in.

explosive - 31 Jan 2008 19:36 - 853 of 21973

Slow night on Wall st, buy 12569 sold 12589 for 20 points, mind you 20 points in 15 minutes, moderate bet easily covers the weeks shopping. Looks to be pushing up considering open trade to 12270.

explosive - 31 Jan 2008 19:51 - 854 of 21973

Wall st again back in 12559 buy, 12599 sell another 40 points since last post, moderate bet again..!!

explosive - 31 Jan 2008 19:55 - 855 of 21973

Coming down again

explosive - 31 Jan 2008 19:59 - 856 of 21973

Trying to break 12600 then to the next level

explosive - 31 Jan 2008 20:34 - 857 of 21973

Just closed 3rd bet on Wall st buy 12615, 12600 broken fairly easily sell 12667 anoter 52 points, moderate bet again.

explosive - 31 Jan 2008 20:57 - 858 of 21973

Looked like it was going for 126700 then fell to 12610 in final minutes.... What a night gland to be out, 3 solid gains so very happy...!!

cynic - 31 Jan 2008 22:05 - 859 of 21973

after hours GOOG announced weak figures .... stock hammered by $41.00.
however, GOOG is Nasdaq and surely London must open strong in the morning ..... mustn't it??

bhunt1910 - 01 Feb 2008 08:38 - 860 of 21973

well - I had a tentative punt on the FTSE this morning bought at +78 and sold @ +110. Then sold @ +102 and hoping it will drop back to +78.

So far so good but struggling with Stop Losses on City Index - how to update them after I have set them initially.

Is there a limit as to how many one can do ?f

explosive - 01 Feb 2008 09:10 - 861 of 21973

Morning all..... Big swings on Wall St last night, today should be interesting expecting to see a rally from the start but saying that will have to keep a close eye on news. FTSE was just as volitile as Wall St on the spreads last night so not sure what will happen today 5900 hit many times and a fair price I think so unsure if it will push much further on.

Stan - 01 Feb 2008 09:14 - 862 of 21973

Just In case not mentioned, It's not Farm payrolls from the US today..always good for a move one way or another. Be careful today.
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