BuzzLightYear

Hi Taz, to be honest I am just using a 15min chart with RSI, Stoch, MACD and MA's/Bolly bands. I have recently adopted a contract trade approach so buying at prices that i feel are good value based on the above indicators. With oil coming down i feel a rally could be possible. Trader Tom talked about the 500 day cycle which is about now so I am favouring the long side. Also, when stock markets are headline news in papers and TV i tend to see that as a long signal, as by the time that news becomes mainstream its already been priced in. Still learning really, though very pleased with that entry at 5410!!

Long ftse aug 5410

thanks foale, its working really well at the moment, just been buying ftse aug longs on the dips, at levels between 5350 and 5450ish, aiming for 50 points on each one, but will take more if it looks possible. Also, if it goes against me i can hold them for longer. Its less stressful (for me) too.

closed @ 5444 +79 planning on taking out soem longs later too, but wanted to bank this one

Hi All Long ftse Aug at 5365

See ya foale, have a good weekend! Well done on those points, good effort!!!

Morning all, long ftse aug 5425

Thanks. I have changed tactics slightly (you might have seen my post in the lounge) and using these contracts and just holding them till they hit target areas then close them. Working ok so far, made about 150pts this week

closed at 5470, hit target +70

If the ftse heads south i can see 5250ish.... at some point

added another aug ftse long at 5370 this morning. Hoping to get the stops to b/e mid morning on both longs prior to ECB bits...

Long ftse aug @ 5400

August ftse longs closed at 5595. Looking to go short around here too, will probably go for august contracts again

Hi everyone Just wanted to let you know that I am changing tactics and going to wind down the amount of day trades and go for a more medium term (weeks, maybe months) view. I am involved in a new business so kind of doing 2 jobs at the moment so not much time to be watching the markets during the day. I am going to take positions on the FTSE only and then hold it till it makes profit. I have built my pot upto a stage where I can average my position right down and can afford for the FTSE to go down to about 3000 before I would be really worried. Will add positions at every 100ish points. At the moment I am holding 2 longs ftse august, one at 5541, one at 5505. Will add another at 5400 and so on. Then will be looking to short if we get back upto 6400 level. I am a great beliver in the contrarian view and though I wont get the top or bottom, as long as I can cover the position and average then fingers crossed it should be ok. Good luck everyone, will still be hanging around but wont be posting so much in the live trades forum. Thanks Buzz

risky play but another aug long at 5505, average of 2 is 5523

Just added a ftse aug long @ 5541

Agree with you foale. Have been building up a stake on some ftse Aug longs...

closed for b/e on that one. think i will stick to scalping for 5/10 points!

What do we reckon then people? oil report = rise?

cheers fw. got a tight stop (10 pts) just in case.

well, a narrow day today so far, been scalping a few here and there. Long ftse at 5650 now, might hold this one for a little bit, see how it goes

closed at b/e

i'm long dow too at 11812

stop hit -12 edit - i can see it bouncing today (maybe tomorrow???) but was a bit too early there

long ftse @ 5638, but with a tight stop at 5626