FTSE 100

TiE,
We understand. You are not the only one who gets fed up explaining things. (I remember not so long ago when you were chasing your tail and pulling your hair out about selling LLOY to buy back higher and vice versa! I also remember how you didn't grasp the essential aspects of the forthcoming LLOY issue when we discussed it a week or two ago) I have said before that a house of cards is being built on a shaky foundation. I am not saying that traders cannot make money (itself being devalued) on this rising market, I am however discouraging anyone who might think that it is a sound investment. Have your fun and enjoy feeling very smart, for now.

TIE - mate don't want to argue with you, but a couple of points:
1) you really should stop saying "I said" or "as I said", implication being you have some hyper superior understanding of the markets to everyone else. Fact is you have read this in articles that are widely available to everyone! (I'm not disagreeing with you, but pointing out you shouldn't set yourself up on your perch!) Note that I profess to know nothing, yet I provide links and always say if i'm quoting sources!
2) look at article attached.
http://www.statistics.gov.uk/cci/nugget.asp?id=192
this shows that: total production, mining and quarrying, manufacturing fell MORE than previous qtr. Only sector to fall less was Electricity/ gas/ water. Why is this? because we approaching winter months where demand for these items are seasonally highest. Therefore I would argue (but I'm not going to!!!) that allowing for seasonal adjustments GDP has FALLEN from previous qtr.

and lastly yes agree that this may lead to further QE, but as all articles say and which you are citing this will lead to asset bubble, and end in the BIG IMPLOSION (opposite to the bang bang, where we all cave in and die!!)
Take care mate
ATB

anyway forgive my abruptness (if it has come across as such), I still follow your posts on LSE as you (along with a few others) talk sense!
I'm off to wander thro antique (junk!) market in town with "her who must be obeyed"
TC and ATB

just read this on yahoo, i thought this was very apt for us today!
http://uk.news.yahoo.com/5/20091023/tod-arguing-pilots-overshoot-airport-by-870a197.html
let's not forget to land our "plane" lol!!

blue - you can alot from TIE, he is overall more rounded in his approach to trading. I'm just learning as i go along.
one tip i will give you (for free!) and I'm pretty sure i've said this before: pick ANY stock (within reason, of course) look at daily chart, use 20 and 50 moving averages. if stock is trending either up or down. Wait for price to pullback to either 20 or 50 ma and either go short (in downtrend) or long (in upturn). You will be surprised how easy it is make money. don't believe me: look at daily chart for crude or ftse, overlay with 20 and/or 50ma and as TIE says trade without fear (ie emotion).
you can go absolutely mental AFTER the trade (as i did on GBP/JPY today)
GL and enjoy your weekend.

PS - don't get greedy tho, and close at reasonable profit. - i managed to get 150 pips on US crude today doing this (in about half hour).

correction
"trade without fear (ie emotion)."
should be;
"trade without fear (ie without emotion)

crikey I'll get this right one day!!
as crude is volitile i use 5ma on daily chart!
Good night - time for a beer methinks

PB - bstrader24 (at) yahoo etc
drop me an email and I'll tell you a story
cheers matey!

Bluespite - morning. Sorry, the email address was for an "old" friend paranoiablue!
I think you miss the point, I'm not saying short the ftse.
see my post from fiday: in uptrend go long on pullbacks to 20 or 50ma. in downtrend short on pullbacks to 20 or 50ma. Now look aftse chart daily again and see well price has behaved on moving averages. Yes it really is (and can be that) easy. remember trading about probabilities.
GL.
Off to have some fun on the markets

Blue: if intraday trading you can use shorter ma. eg 5 or 7 on daily chart, providing uptrend is place (20 crossover 50), or use 20 and 50ma on shorter timeframes, 4hr/ 2hr/ 1hr. I may have posted this link prev., not sure, worth a look for all major indicators whether in up/down trend or sideways moving market. it may help sometimes to play around with moving averages lengths, as different markets "react" to different duration ma.
http://www.tradingpricepatterns.com/full-stochastics-and-bullish-c/

blue - if you have ac open with finspreads try this pullback method to ma's using their min. stakes (10p or so a pt).
Prices never rise or fall in sraight line, they will rise (say) 5 and fall (say) 3, in an uptrend. Moving averages is GENERALLY where they will retrace to (other methods use fib levels), but as i said keep it simple.
GL

HATE RUNNING COMMENTARIES - but blue just for you.

right now FTSE on hourly 50ma -I'M NOT SAYING TRADE IT - just watch and see what happens from here, paying attention to what has happened at the ma in recent past. I would use indicators (MACD/STOCHS/ RSI) if i were to trade on hr frame.
PS also note that present hourly 50ma is horizontal sppt level also.
DON't trade, just watch

one possible scenerio:
long ideal entry 5248, stop loss 5444, exit 562 reward/ risk 3:1
(using 5248 is base sppt)
not really worth trading for 12 points, but just an example, which i hope you can see if you use hourly chart on ftse, 20/50 ma's (i also use 5 and 200ma's) and support point

see chart link attached for clarification:
http://img24.imageshack.us/img24/131/ftse26thoct09.jpg

TiE,
No, I wasn't suggesting for a minute that gold is about to tumble to sub $700 and markets will continue rallying hard and fast. It seems that you have trouble reading - set only to transmit. Maybe that is how you missed Bahman echoing my sentiments moments later.
Big deal, you have got used to the current circumstances and, like a lab rat, know that if you press button X followed by button Y you shall have your reward... until the test changes.
I am mindful of a larger picture developing. Rather than, as you called me, "a bad trader in denial", I am someone who derives most of his revenue from oil price strength and secondarily that of the Euro. If the market continues this hollow boom and the Euro stays strong I am 'laughing' but I won't actually be laughing. I got into the trading that we discuss here when oil and the Euro started to look overblown $150/bbl and €0.96/£1 as a form of hedging what I thought was set for some readjustment. I am not someone who rests on his laurels and I won't be ROFLing with you.

20/50 ma's last cross over on 22/7/09, that was signal for upward trend (continuation). Therefore until 20 crosses back down under 50 (again) we have to take uptrend in place. Period. Now move onto trading strategy: (i have suggested) pullbacks to ma's. now you can trade on intraday/ 2/3/5 day etc timeframes.
try not to complicate matters too much.
also try to get information on various candlestick pattern forms and what each candle means - this is a powerful trading tool coupled with trend identification:
fake breakout
bearish engulfing
bullish engulfing
norning star
spinning top
etc
etc

Hi Monaco. I think you/TIE/myself have overracted to something, which we all very rarely do. I guess it was just one of "those" afternoons!
I'm sure we are going to get back to even keel very shortly with some good informed postings by the pair of you.
ATB

Have not experienced the DOW swing from such a strong positive to sharp negative in such a short space of intra day time for yonks.. caught it at the right time to , which makes a change , what a difference , now showing an overal healthy profit against my still showing red early shorts (if I chose to close them and also allowing for further strength )on the ftse .. will continue to keep them open and see how the markets develop during the week , gl

blue - remember buy on weakness. this is weakness, i have already taken this oppo to open long: GOLD was a gift at 1046.
But, is it: pause for breath or direction change.