All the fun of the volatility fair

[barjon]

Blimey! This is some roller-coaster ride innit Hope you've all been hanging on to your hats tight. My ftse charts often open up with scale intervals of 5 points - 50 points this morning.

TA somewhat redundant - just been going with the flow (when I can catch the operators eye that is )

Good trading

jon

 

[tomorton]

Dead right barjon, been trading with-trend 4hr pin-bars over last 2 weeks and doing well but stops and targets essential as prices are moving so fast.

 

[bbmac]

you gotta love the volatility though ? opportunities abound.

G/L

 

[barjon]

you gotta love the volatility though ? opportunities abound.

G/L

They sure do, beebee. ftse has been like a headless chicken relative to dow - overall it's about 200 weak overall since this mayhem started (ie: ftse should be 200 points higher) but that masks much hour by hour volatility in its relativity with the dow. Yesterday, for example, ftse opened - 52 weak (ie: 52 points worse than it should have been had it kept pace with dow from Friday's ftse close) and then went +60 strong in the first hour.

Today it opened +43 strong and that followed by -35 weak as I write.

jon

 

[Hotch]

I'm really not making the most of it, but then again, I don't really care, it's too much like hard work! I'm sure in a few weeks i'll be complaining that nothing's happening

 

[timsk]

I'm reminded of one of Grey1's mantra's that he used to say on the Technical Trader forum. Someone please correct me if I've not remembered it correctly, but I recall him saying something to the effect that in the short term the market has 2 prime drivers: technicals and news. If it's news driven - then technical indicators and TA in general are of little use. So, like Jon, I'm just trying to go with the flow. The hardest thing I'm finding is getting a good entry. Once I'm in, the trade is either stopped out almost instantly or it goes into profit. But the entry is tricky as the 'bus' isn't stopping at the usual stops and, often as not, it isn't even slowing down!
Tim.

 

[bbmac]

FTSE 100 finding some demand in that previous weekly swing lo zone now ?

G/L

 

[barjon]

yeah, ftse got to -110 weak relative to dow by 9:30 - i long ftse but hedged with dow short now

 

[barjon]

ps: don't care if it goes up or down from here, as long as strong relative to dow

 

[Black Swan]

I only trade eur/usd, have I missed out on the big indices moves? For sure..but I can live with it..

Big change for me, actually quite a small one, is the average stop placement has increased to circa 100 pips. Strange thing is 'the chart' is no more playable or unplayable than most days/weeks...same5hit different day and all of that, to prove that point I've been in the same short trade for24hrs

I'm sure if I scoped down to 3min tf's I'd see a mess like call of duty in my lads' hands but it's not what I do best .I'm 5hite at COD btw...

 

[bbmac]

Similar story on the instrument I have 95% of trades on - gbpusd...whilst equities dropped it stayed in a 6474-622 4hr range consolidation with a firm rejection of range hi yesterday @ 6471.

G/L

 

[Black Swan]

Oops spoke too soon.. closed short for loss of 50 pips now long fill @ 14270..stop at 14180 take profit limit at 14400

 

[barjon]

out of both now - ftse got to +80 odd strong - that'll do nicely

 

[barjon]

.....just to emphasise the point

 

[Black Swan]

Oops spoke too soon.. closed short for loss of 50 pips now long fill @ 14270..stop at 14180 take profit limit at 14400

Out.Take profit lowered to 14390..