Time to jump back in

yeh baby, nice rally so far, about 360 points.Fridays session should be green as well , take profits friday.

Good call, Mr. Ben.

Mt B

I said recently that I still think this is a Bull market. I think there is a lot of mileage in this rally. 2 more years of Interest rates designed specifically to make us ALL wealthier...

Nice one Mr Ben. Always good to see some people make a few $$$!

In forex the last fortnight have been a yawn. After such a strong move down there should be a retracement or a bit of consolidation this month.

I closed all my positions at the beginning of June and I've been scalping since then. I hate scalping. Two steps forward, one back; two steps forward, three steps back etc...

thanks guys.Gotta be happy with 400 points.
yes pastie ,I am a currency trading lover but have not touched it for 2 months.Got totally out before the recent volatility.Most of the guys I know are pretty much out  with closed positions and doing very little.No body deems to trust whats going on.
  Re the AUD, we had  a reduction in unemployment here latest figures are 5.2% down from 5.7&.But can you really trust these numbers.? Business confidence has plunged latest readings.employment up but confidence down? Election year.Gotta be real careful.
   Best of luck.

Given that the superfast traders make good money from a retraction (don't know how but note that volumes increase) logic suggests to me that we should expect another sharp drop soon. If I am on the right lines. Mr ben, how do you know when to short your positions? Or, if that is too much to divulge, could you suggest in general terms whether you expect a weekly, fortnightly or seasonal retraction in the current climate.

PS My shares are mostly US technology heavyweights and I have been protected by a strong $ against the market swings - so far!

Hi united- this is how superfast trading works say you want to bid the price up and there s is say 100,000 shares available over a  50 cents range.You simply put in a "market" order for 101,000 shares and you will take out all the sellers over the 50 cent range and now the price is  50 cents higher.You now  put in a buy order 48 cents higher and a sell order 54 cents higher to  support the current price.Since almost ALL big trading houses now use software to trade  the programmes will now move to the current price.
  This is how the superfast traders are manipulatinig the markets.To prove this is true re auto trading software last thursday I was try to write a covered call the buyers were 2.70 sellers 2.92.I put my order to sell at 2.88.Just could not get it filled and buyers were still at 2.70. I then went to a site which calculated the theotretical value of the option at 2.816. I changed my order to 2.80 and was filled in 30 seconds.Why- the auto software made it a buy because it was below theoretical value- hence the filled trade.
  Therefore unitedb it is no longer beneficial to try to calculate where markets should rise and fall but rather watch the volatility and how far markets are pushed  either way.Once this has reached some kind of exhaustion a reversal is at hand.The size of the reversal is unknown but will relate to the point of origin.
  Good luck with your trading.

Thanks for that mr ben

Mr B

This looks like a bull market to me!! Onwards and upwards I think!!

Are you and I the only ones with any optimism these days?

Mrben - you called it dead right last time, similar savage drop this time so, is Monday time to jump back in iyo, please?

sorry united not paying much attention at the moment as I am moving house.

Fair play to you Mrben