Member Info for TandH

just closed my latest short (ftse) at 5558 for 94 points! Not sure if I should have left it a bit longer but I'm thinking, surely we can't slit our throats for much longer???? Anyway, waiting for a little lift then back in a short again. Still got the weeny long on ;0(............

Errr no! I didn't get a short on! Looks like your timing was perfect today. Not sure the slide will continue though as there seemed to be resistance around that 5585 ish mark? Although having just said that, I can see the US futures are now pulling us down. Only think I have a different opinion to you on is oil - I believe oil is killing these markets and therefore if the oil price came crashing back down, I think the FTSE would go up :0)

Hope you took your profs Rod when the FTSE went down first early today :0) I stayed on the sidelines as I really wasn't sure....I was going to place a short late today at about the same level as you did but at that time the US seemed to be doing OK. Now their market has closed flat - I guess we're stuck waiting for the FED decision or at least that's what the US market is waiting for....and forever watching oil!!! Anyway, revisiting this tomorrow.

Thank goodness for FTSE shorts! Made a 40 point gain on my short today :0) Would you believe I missed about a 40 point gain yesterday as I came out of the FTSE short with just a 6 point gain, thinking it was gonna go up!!! Arghhh! Anyway, just got the Sept Future Long on now - only a tiny bet with far away stop loss so I can forget about it for now....Looking for the next opportunity to pop the short back on!

agree rod. Not sure where the market will go tomorrow so at least these two best give me more thinking time. i.e. if the market has a strong start, I might close the short or vice versa.

Hi Mark Expat! Sorry, only just seen your post - lol! rodhull - me too. I'm tending to just spread bet the FTSE at the moment. It's been a strange day today! As you know I placed a short at 5820 and saw it drift to a 125 point loss at one point today but now it's back to a 55 point loss and I'm leaving it there as it's an August future. Got an idea though! I'm wondering about placing a small long too at a similar level to the short (but in a seperate bet obviously!). My idea is to catch profits as the FTSE swings either way. For example, if the long is in profit, I might take the cash and leave the short running......if the market drops back, take profits on the short! Errrr it all sounds far too simple of course, but I might try something like this out.......

rodhull - jammy! I'm bloomin' short on the FTSE at 5820 (Aug Future though). Can't understand why our market is rallying following the US futures when our own CPI inflation data was dreadful!

closed FTSE long for 28 points gain after about first 3 minutes of trading as a bit unsure how today will go what with the tanker drivers strike etc. etc. If oil starts to sky rocket again, I think stocks will take a hit, plus I'm out all this morning so don't like not being around when I'm playing the indices! :0)

Well done rod! Bloomin' oil speculators spoiled the the US rally by close ;0( Anyway, still left my FTSE long on as it's a future contract....we'll see what Asia Japan and all do tonight.

hey rodhull - glad you've joined us, we're a gang of three now lol! Yep I've got a long on a FTSE future at the mo, not mega quids in, but quids in :0)

I think you might be right and I'm pondering going long on the FTSE today too perhaps on a July future, in case theres a bit of downside before it turns back up.... Not gone in yet though - I do ponder for rather a long time!

well looks like we're in freefall mode ;0( Didn't put a short on as I was not sure which way things would go today!

Me again! Looks like I was right - FTSE at 5793...... where will this go from here?

Wow, looks like FTSE 100 sliding into 5700s again........?Anybody shorting at this level or going long? Grateful for views .