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1st December- 2008
This is a discussion on 1st December- 2008 within the UK Indices forums, part of the Indices category; morning people, I'm feeling extremely ill today ............. I take it you have been having fun shorting the market from ...
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Dec 1, 2008, 8:01am
| #1 |
| Legendary Member  Join Date: Oct 2008 Posts: 5,060
 | 1st December- 2008
morning people, I'm feeling extremely ill today ............. I take it you have been having fun shorting the market from 4300 ? I have been shorting Oil from last night as OPEC delayed oil production cut? so what have you people been up to, any interesting trades? |
 
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Dec 1, 2008, 8:19am
| #2 |
| Legendary Member Join Date: Oct 2008 Posts: 5,060
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The light volume rally didn't last long..........date out today should be negative putting further pressure on the market....... its a shorters paradise!! 3:00 PM GMT US ISM Manufacturing (NOV) 3:00 PM GMT US ISM Prices Paid (NOV) 3:00 PM GMT US Construction Spending (MoM) (OCT) |
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Dec 1, 2008, 8:44am
| #3 |
| Senior Member Join Date: Mar 2008 Posts: 260
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Whats your price target for the FTSE?  |
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Dec 1, 2008, 9:00am
| #4 |
| Legendary Member Join Date: Oct 2008 Posts: 5,060
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I only trade intra day my friend...........day to day because this market is so volatile and irrational!! Its a day traders world............!! I have made my 50 odd point profit shorting FTSE, I'm no expert and don't know where it will hit!! All I can do is forecast......... on my charts its showing as over sold.....RSI & bollinger bands!! so i wouldn't short any more for today.....but if your holding for longer than that then I'm not the person to be asking my friend!! |
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Dec 1, 2008, 9:18am
| #5 |
| Senior Member Join Date: Mar 2008 Posts: 260
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I think we've got support at 4156 (in the shorter term) so if we get any good news later on today I think we could see some upward movement. |
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Dec 1, 2008, 9:21am
| #6 |
| Legendary Member Join Date: Oct 2008 Posts: 5,060
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taken 2 paracetamol & feeling a bit better now so will post my trades............ OK short FTSE @ 4178 ...target 4100 or depending on emotions...haha!! anyway.....stop loss 4200!! lets see how this plays, US data at 15.00 should force it lower........... |
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Dec 1, 2008, 11:05am
| #7 |
| Legendary Member Join Date: Oct 2008 Posts: 5,060
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taken profit at 4125 |
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Dec 1, 2008, 11:14am
| #8 |
| Legendary Member Join Date: Oct 2008 Posts: 5,060
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exterminate, exterminate................ FTSE - exterminate............... |
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