Optimus :-----21 Jan 2015 15:34
When you say "wiped out " i hope you mean just your posns. and not all your "hard earned " ?? ----
Dow still very , very volatile --today, i suspect was probably to do with Obama's speech about the US economy being on the up and up now ----coupled tho' with the position he is taking on Iraq and Ukraine !! --
Dow and Dax are both Bullish again , especially Dax on anything above 10200 now ( 10,000 should be history now !! --famous last words ) ---
A safer trading stance on the Dow is wait until 17600 is re-taken and held on a closing basis with a supportive candle going into the close !!
I have short traded the Dow from 17600 and just long traded off the drop at 17400 ---it's settling back now to trade off the 17440 level ( roughly ) ---
Ftse100 has gone it's own sweet way , thankfully, in the last few sessions, allowiing our shares to gain a little momentum !!
I closed my Aviva longs a bit early but banked a good profit , so i'm happy .
Closed my QPP this morning @ 120.2 p as it had hit the res. level ----i see, it dropped back to 105 p at 14.40pm ( ??? ) ---haven't bought back in , but should've i think !!---
Went short on Gold at 1303 this morning ( way overbought on the daily ) -- a pull-back to 1280 initially and then perhaps 1240 before heading up to first res. @ 1320 ( 1400 maybe after that) --sitting @ 1288 as i write , so happy with my decision !! ---
Volatility may be here for a while longer yet, Optimus ------care is needed ---a lot of s'betters are staying on the sidelines until when and if the volatility subsides a little !!
I'm trading the 1 minute graph , using the rsi in particular and obvious levels of supp./res. --not for everyone , but it suits my style of day trading / scalping ---
I have been called "extremely reckless" by one particular poster pointing out that my trading style was going against all the accepted rules and for not heeding the "holy grail" of trading (lol) ----what a load of old tosh !!
GL ------are you back off your hols yet ??