Member Info for NorbertDentressangle

Cheers bahman, still lacking the confidence to trade on anything other than wild swings away from what I would call the 'safe zone'! Oil's proving to be a decent trade from $50 to $53 though

So for me, it's a buy at 4100 and a sell on any day where it rises 3%, for a 1% swing back to a 2% rise on the day. The mad daily swings seem to be getting fewer and farther between making it a less frequent trade.

Nice play on the DOW this week, bought at 7823, sold at 250 points above this afternoon. All took place while I was playing golf, which was nice ;o) Started again on the FTSE & DAX. Currently 40 points to the bad but confident that both will retrace in to decent positive territory early part of next week or even tonight. I'm thinking that the DOW is a short at 8200, would be interested to hear anyone elses opinion on that

Gents. Are the charts a visual aid to the daily movements or do you use them for more than that?

DOW's opened again, now improved to $22 down. Should've made myself clearer above. What I mean is that if I open a spread and it falls further then I forget about it and open another. I leave the first one open until it recovers, and trade on the new ranges with the old one in the background, if that makes any sense!

I traded the DAX a little bit this evening, only $2 a tick though. Its range is better than the FTSE, eg tonight it was +110 while the FTSE100 was only +60. As Monaco says, the range is your friend. I'm pretty new to spread betting but play on inordinate movements. If the DAX or FTSE are up/down by more than 3% then I'm pretty sure there'll be a correction. With a generous buffer (as much as my account allows, perhaps 400 points) I'm sure that I can make a gain of 20-30 points, if not immediately within a couple of days. If the index falls further in the wrong direction I forget about the first trade and work the new ranges. From what I've seen the FTSE is safe(ish) within 3850-4050. If it strays to within 40 points of each extreme I take the opposite. The highs have been tested, but the lows could be tested next, hence staying well within the limits and taking small quick profits of 20-30 points. Tonight I was successful 5 times out of 5 and made $16 average each trade. Small fry but I'm still only learning. If I did it all day I could make $400 a day, which is a decent income, just need to hone the skill. Currently $48 down on a $2 per point long on the DOW. It fell 110 points today, overcooked in my opinion. My buffer allows it to fall to 7497, which I hope it wont, I've set my limit to take profit at 7944. As for the DAX, what's your opinions of a safe range at the moment? Sell at 4590, buy at 4420?

KIS. Thanks for your reply. I'm heavily in to gold miners and oil/gas/coal producers as I believe they are a necessity above all others - including food which can be economised. Buy blankets and duvets, we'll be needing them next winter.

It does seem weird that financials and gold are both rising quickly, it doesn't make sense at all. FWIW, I think that gold will come out the winner. Quite how devaluation, sorry quantitive easing, is going to play down the value of gold I don't know. Gold's now $955, and seems very strong

Thanks again CT7. Shame about Utd tonight, may as well concede the title to you now :o(

Thanks CT7. Why week 47 to week 1 for the high and yet week 2 to week 6 for the lows. Imagine I'm a reception year pupil, I'm utterly ignorant about this (surprised I've not been hounded off the forums as a fraud to be honest!)

CT7. How is 'break-out' calculated. Sorry to be a numpty

Hi Admin, Did you get a chance to see your emails today? I've asked a question about Facebook. Thanks

Hi Admin, Did you get a chance to see your emails today? I've asked a question about Facebook. Thanks