Hi, puregold24carat
For spread betters/ traders, it is the best policy to apply a quick and get it entry/ exit.
No rollover or going in for prolong ( more than 1 hour ) kind of thing. As you know, the market in London would be more and more upbeat dependent on the Treasury and other commercial sector news. Due to unemployment, a lot of other implications would arise.
As you can gather, there would be more unemployment and there would be also more and more crime ( high level ones like hacking and frauds as well ) being committed so do watchout for any online glithes and attacks. It is advised that you never pay the betting/ trading company online either using a credit card or even a debit card. Use crossed check instead. I am a former IT security/ technical consult.
Also never use an IM program ( such as skype or icq ) when you are trading/ betting as these succumb to hacking events or internet virus spread, very easily. If possible use free programs like zonealarm ( firewalls ) and Mcafee site_advisor as these would prevent phishing sites and virus/ hacking from ruining your connection bandwidth. You see there are adwares that can STEAL YOUR BANDWIDTH, so that the data feed from the brokerage slows down - a change in FTSE might take 14 secs instead of the almost real time change!
Spyware/ adware also slows down the PC/ Laptop such that your automated trading system might not execute the proper trading ( STOP or TRAILING STOP ) in time! It will even cause untold stress and frustration if you have to execute it yourself ( in the case of non-automated trading system interface )!
That is why it is necessary to be like a Barbarian Raider than a long term Holder strategy for those who are into spread betting/ trading. Ha, it is also wise to choose a good and trusty brokerage ( it is like you are fighting on their tuft ) as they can turn and backbite ( since the money is in their hands ) you, even though you have an account with them and the money deposit is in the positive. They want to Earn Money ( whether be it from you, the client or from its hedge that it supposedly places for every bet ) - the Main Object!
Let me further advise that there is volitility in the FTSE and of course, there will be a downward coming soon. So, that trendline would hold for days. Do watchout for it. That is like a good wave for those who like a good Surfer, try to get a good surfing record!
I am also into the DOW as well. But will keep the update on a separate tread.
S K
--------------------------------------------------------------------------------------------------------Hi there
Be one with GOD, so that HE may appoint a deliver for your Soul! -HariHaraBramKalki ( S K )
I have actual Fundamental Analysis data that the deviations might be more of a 4-10 % point downward. Might not be a spiral to a support of 5,200 yet but that is my analysis using current FA data.
But of course, intraday analysis depends on the data feeds and Tech Analysis instead.
I am certain that 5,200 plus minus 75 points would be a comfortable region for those who might consider short-selling the FTSE futures or even spread trade or bet!
The Spread traders of course, cannot carry a roll over trade to the next day. Of, for those of you who might want to spread trade or bet, please do consider this point. And I definitely would discourage anyone getting into credit card debts for the sake of getting to trade or spread trade. Makes no sense here.
The Fri ( 29/08 ) close is 5,637 - up 36 points from ( 28/08 ) Thurs closing of 5,601 and of course that was steadily rising little from the rest of the week.
S K
