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hahaha :) Hope it works out for you
Yes i know i said boring funds are the future, but with markets as volatile as this i cant resist it
:)
Hi Lgo-fan
Couldn't resist it today went long the SP 500 @ 3563, stop loss at market low today 3491, aiming for the long term down trend at 4000 to sell & go short again. ,i can see a counter trend rally into year end, then a dip next year when US recession kicks in
agree. In this game, boring is excellent
Yes me too with individual stocks, possibly forever, just stick to a boring index fund, IUKD, ISF, VUKE . Etc
i think, but again only my view, the charting side is the easiest for fx. A lot less volatile (unless something daft like brexit happens) but overall far more predictable. Once you see the patterns it is relatively straightforward.
Not touching shares with a barge pole for a while.
Hi LGO
Thanks for your input, good advice, stick to what you know, i bailed out of individual stocks at the start of this year & focused entirely on index trading, mainly on the short side.
FX has again caught my eye with the recent large swings, especially in cable
How do you trade FX ? spread betting, CFD etc ?
I do quite enjoy the charting side of this industry, which i assume FX trading is built on
Years ago i looked at trading FX but with the traditional brokers unless you were depositing £1m they treated you like a scumbag, I ended up using covered warrants, with Socgen but you don't see them any more
Cheers
and really: continue doing what you do. You seem excellent at it. Why change your winning formula?
Hi Windows,
Amazing trade: we'll done! I am not one for taking advice from others: not because I am smart but simply because I like to trade what I know. And by definition, if I get advice it's about something I don't know. Too much trial and error (and usually a lot of errors) are needed to learn trading a certain asset I think. Just my 2 cents.
My view is that there is still strength enough in the usd for a while vs currencies like gbp. Not just gbp, but I stick to what I (think) I know best. The UK economy is not in great shape, borrowing has grown a lot lately and will only go up. Inflation will continue to rise, pushed by fx, energy cost. Disposable income has been squeezed, there are no big plans to boost the economy and even when they appear they will take years to have an effect. Productivity is low in the UK. Political leadership at an all time low. We could go on for ever. Confidence (a major factor) in the UK economy is low too. I see only weakness in sterling for a while.
Hi LGO-fan
What’s your view on the market / FX at the moment ?
I went short SP 500 at 4321 and sold at 3612 last week & made just over £ 85k profit, happy days, but what next ?
I am now out of the market looking for my next trade
Any ideas ?
it's been parity for 12 months now. Have been laughed at ever since :)
Whats your exit on long USD, parity ?
If you had suggested that 6 months ago you would have been laughed at
:)
Same here, Windows:-)
On top Mr Kwarteng is cutting my taxes. Boom!
Bubbles!
LGO-fan
Happy happy days, best 2 weeks on the markets in my life, by a country mile
Champagne time
Thing
Why not mate, go for it
You can’t be any worse than the stuffed shirt fund managers on CNBC talking their own book & trying to convince the world that every think is rosy.
btw, tempted to film myself explaining why to long on the usd , put it on Youtube and then say, "look at this intelligent man" ...probably a bit too much lol
Hi Darren,
I also looked at 3UKS, but for some reason Hargreaves Lansdown did not list it
Still happy with my SP 500 short using 3ULS, volatile but fun
Good to see others doing the same as myself, I prefer 3UKS for my ftse short but similar. One of Best places to be recently.
hahaha, we are both (relatively) clever.
Think there is some way to go for my long and definitely your short
World is turning to ****e, good for both of us
You gain long USD
I gain short US SP 500
Happy days, are we bad people ?
ha ha
Sterling ‘battered’ by dollar after ‘frightening’ forecasts drive the pound closer to parity
https://inews.co.uk/news/business/sterling-battered-by-dollar-after-frightening-forecasts-drive-the-pound-closer-to-parity-1828533
hhhhhhmmmm, not sure what happened there, try this one instead
https://youtu.be/zvTSS_ulo40
unless of course your guy is Eric Ten Hag. (he did pull a surprise win out of his hat, TBF)