Traders' views - Fixed odds betting

Fixed odds tips: waiting to attack the S&P

By , 11 Nov 2011

As I have already shorted this market, I do not want to see this rally back too hard over the next 48 hours.

I shorted small on Wednesday morning, followed with a second short late on Thursday evening. I have not caught all of Wednesday’s fall, but I believe the second level that I have got in at – 11900 – has made me happy. I think that we will see a mild mannered attempt to break back above the 200-day moving average (black line on my chart below) or 12,000 itself.

All gains are capped ahead of 12,100, but we should see a continued channel of trading between there and 11,800.

The 11,800 zone is where all the higher lows match up and of course the 20-day exponential moving average (EMA).

As we broke toward 11,800, I nearly shorted all of my pot that I have been holding and waiting to be put to use, but as we get closer to the main ride beyond the greasy slope and leave that level for dust, it is only then will I react menacingly enough to feed my family for New Year. It will be one hell of a feast!

Good luck and profitable trading.

And God bless of those who passed in World Wars I and II and those who have died in vain more recently.

 

Learn more about financial fixed-odds betting here or play our financial fixed-odds fantasy trading game here.

 

Warning: Remember, particularly if you are new to trading in the stock market and in forex, that the prices of shares and other investments can fall fast and you may not get back the money you originally invested. The material here is for general information only and is not intended to be relied upon for individual investment decisions. Take independent advice before making such decisions. Also, the BullBearings free stock exchange simulation portfolios are a good way to practice trading techniques.

More on Fixed odds betting

More Fixed odds betting articles

City News

Petrofac heads stock up as group unveils growth predictions

Thu, 1st Jan - * A round-up of the biggest director deals today so far.

Please select game...

CLOSE

Which trading game would you like to trade with ?