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
Shortie
- 05 Jan 2015 15:18
- 17281 of 21973
Same here, I've made some money today but it wouldn't surprise me if the FTSE returned to 6500. Not worth a long play I don't think but if it does I may well short again.
cynic
- 05 Jan 2015 15:43
- 17282 of 21973
caramba!
dow now down 230 to 17590
ftse now down 100 to 6435
no position currently in either
slapped wrist! .... stop grizzling when you've already banked good profits :-)
==========
shortie - you're the whizz on ftse, but surely it's currently showing much more strongly than dow and is therefore due for a further dump?
midknight
- 05 Jan 2015 15:49
- 17283 of 21973
cynic
- 05 Jan 2015 16:02
- 17284 of 21973
Dow
as i'm in front of my pc, i've taken a little long punt at 17599.9
for sure shan't be greedy :-)
Shortie
- 05 Jan 2015 16:06
- 17285 of 21973
I been shorting it on and off most the day. Overall I'm short but I try and play movements rather than just going short and waiting for a few days to collect profits. Right now 6434 is holding and a return to 6456 looks likely.
Update: I have short plays now back on... I'm not posting positions as trading quick charts...
skinny
- 05 Jan 2015 16:08
- 17286 of 21973
At that price - you must be in the brown stuff!! :-)
skinny
- 05 Jan 2015 16:12
- 17287 of 21973
cynic
- 05 Jan 2015 16:18
- 17288 of 21973
skinny - 17599 of course :-) ...... even so, still looking a bit iffy; we shall see
cynic
- 05 Jan 2015 16:22
- 17289 of 21973
banked respectable profits on OCDO and IAG just as a precaution
Shortie
- 05 Jan 2015 16:30
- 17290 of 21973
6400 lets see if there's any support, I'm thinking not, 6360 next real support..
cynic
- 05 Jan 2015 17:30
- 17291 of 21973
well you're pretty much on the point as i write
for myself, not the greatest call so far ..... shall contemplate
cynic
- 05 Jan 2015 19:56
- 17292 of 21973
it's very curious
dow is now down about 330 at 17495, yet cash ftse has barely blinked and is now at 6395
cynic
- 06 Jan 2015 09:04
- 17293 of 21973
ftse
sure has moved south now!
no idea where next support may be
Shortie
- 06 Jan 2015 09:31
- 17294 of 21973
No not yet, I have a FTSE short in play which is doing nicely. I think the rot will continue until snap elections in Greece....
cynic
- 06 Jan 2015 10:52
- 17295 of 21973
i had one earlier which i closed before i left for the office .... should have left it alone, he says with hindsight :-)
may re-open once i've sorted myself out here
Shortie
- 06 Jan 2015 10:57
- 17296 of 21973
6360, looks tempting to buy right now..
Shortie
- 06 Jan 2015 11:01
- 17297 of 21973
No point pissing against the wind going long but if it reaches that level I'll short.
Shortie
- 06 Jan 2015 11:27
- 17298 of 21973
cynic
- 06 Jan 2015 11:46
- 17299 of 21973
it went straight through 6360 without touching the sides and now looks to be holding ~6375 quite comfortably where i guess it's hitting your line above
Shortie
- 06 Jan 2015 11:51
- 17300 of 21973
Just gonna wait for it to start falling then short again.