WallStFoxy

@dmedin OK I'll bite, Looks like a great one to short just need to keep an eye out for a bounce of 590 otherwise just hold short till it changes. I didn't realise you use a program, is it your own on proreal?

@dmedin That looks realy good but if you look to the left ther's a bull candle about 50% of the rise in May if you wait and see on a weekly chart you will miss the action, now you need to move in closer may be H1 chart or even closer if you have the skills but the trend looks good and a south star on a weekly is about as good as it gets, a stop loss at 1022 is not that big but if you wait for it to go higher the stop loss will still be 1022 and a 50 week ma is a strong trend. I'm just saying the choice is yours. Good luck with your choice.

@scuttsy You should check your settings for rollovers, go to my IG then settings then rollovers and check you have rollovers enabled if you have a problem with that ring the customer services and ask if you have rollovers enabled.

@dmedin You are close but you still need to avoid this:

If that is true ther's nothing light hearted about it, the man should go to Jail do not pass go and do not collect £200

Couldn't help my self after three days of nothing on the Dax I had to fade this gap, just have to see but FTSE & DOW look to have gone to far to fast.

Wow didn't wana be on the wrong side of that one!!!

@elle It's been a great week for Wall St. bulls that's for sure but I think you've seen the top for now, next week could be a different story, with a bit of luck the Dax will make a move and from here it doesn't matter either way cos 12100 is my pivot so up I'm long down I'm short. I'm just glad it's Friday it's been a bad week for a bears (and Foxy's) on the Dax.

Yep sure does, great for wall st, what about the dax I think it's gone to sleep!!

@elle Truth is I'm sure you're right but until my chart agrees I can't jump in. I trade the dax not the dow and that's a good bit behind just now. The dax has been a waste of time for me the last two days, it needs to rally or die one or the other.

@elle Strangely not on my H1

@JLZM1999 I hope so!!

@dmedin Take a look at the H1 chart above with the text bubbles on it. Note the red line above all else, that tells me to play shorts. OK now I just need a high to sell, wait for the high. On the enter short @ 7336 notice the black line crosses the other red line going down, that tells me we are likely turning down so I now enter short. wait until the black line turns back up and close for good or bad, How easy is that. No macd, rsi, elliot waves or fundamentals just sma. Just get on a demo and find and few good sma's you like to use and build a strategy from there.

Is spread betting for fools? The definition of a fool is somebody who does the same thing over and over again but expects a different outcome, I would say no spread betting is not for fools because a fool would carry on doing the same thing over and over regardless of how much money he or she had lost and keep on expecting a different result. A fool would keep on blaming everything else except him or her self for the situation they are in, but let's not be too hard on them because we need 80% losers to pay for the 20% winners.

Ok, I give up you know best.

Tell hows that working out for you???????????

20pts @ £1.00 = £20 but 20pts @ £5.00 = £100 You need to give the market 20pts to move anything less will end in you getting wiped out over and over, this s your problem!!!!!!!!!!!!!!!!!

I don't understand how you think it's safer to work on 2pts

Don't get me wrong, I don't scalp, I don't trade on M1 charts & I don't trade FTSE so there are far too many lines for scalping, but I did hope even you would see some sense in the obvious direction of the trade. If you can't see 3 x 20 points you could easily have scalped you may be well advised to put your money back in the bank.

@nit2wynit This is FTSE Today from 08:00 I can see three great Long scalps, should have been a great day. I hope this helps & good luck

@nit2wynit First, find the direction of the day then use a scalping curve such as @Caseynotes has suggested but only trade in one direction that will keep your losses down and your head straight, if you have the direction right you will get a few good scalps and that's all you need. There will be pullbacks and corrections but these just reload your gun.

@dmedin A picture paints a thousand words

@Bell I see resistance @25350ish on the Dow any higher than that and I think June will be a Bull month, it sounds daft but it does seem to work a little that way, month by month. We may even see the Dow get there tonight and that will be interesting for the rest of the week. It looks like I'll be up late tonight looking for that short especially if the Dow gets to 25350 then pulls back. I trade the Dax but the Dow is the Boss.

@elle I think a little pause down to about 11500 on the Dax and around 24400 on the Dow sounds good to me.

@Bell Here's the same chart for the Dax. support @ 11926 and resistance @ 11990 so long as 11990 is resistance this is probably the high to sell when the support breaks. It looks like it has rejected 11990 for now.