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I am in the UK so lucky enough to be able to spreadbet the indices.

Granted, the UK isn't the only place that's safe to put money. But, annoying though it is, ESMA and the FCA are making it safer for the client, so its a bit contrarian to try to evade their protective measures. On top of which, terms and legal rights and contractual obligations are only worth...

The specific protections I value via the FCA are client's deposit protection up to (I think) £85k, and segregation of clients's deposits from company operating funds. The firm's operations and financial security is also overseen by the FCA, ensuring it is trading with controlled financial risk...

I am waiting to see how the reduced leverage affects my trading. If necessary, I will adapt my trading style rather than go outside the protection of the UK FCA. At this point its hard to think the loss of leverage alone would eliminate all profit.

Nice idea treeman. I'd wondered before about displaying MA's without price and your post inspired me to find a way to do it (I simply changed the chart style to close line and re-set the line colour to white, my background). The MA's really jump out of the screen now.

I don't understand your attitude. You're the one who was asking for help. I suggested it was possible you didn't have a clear strategy in mind when you took the trade. Nevertheless, I pointed out that there was TA that supported the trade you took and I asked for more on your strategy. I even...

For someone who pops up looking for guidance on a trade gone bad, you've certainly got a chippy attitude.

I can't see that there's a TA reason to short at 4pm on this day. The main action, as is common with indices and stocks, has already taken place early in the day and there's been the usual reaction move, and then price drifts along in the afternoon as it often does. I wouldn't have expected...

My point isn't you were right or wrong: I suggest one TA view supports a long, but another supports a short. My point is you haven't made clear why you selected one not the other.

I'm not going to rise to this bait.

Looks also like you incorrectly entered short right near the apex of an ascending triangle, though it could be argued you actually correctly entered short at the top of a short-term range. I'm not sure at 8am on this day you had a clear mental picture of what you needed price to print for you...

The maximum number of off-chart indicators to use is 1. Only use that one if it tells you something you absolutely cannot already see by looking at the chart. What the indicator says should be just confirmation of what you thought you could already see happening on the chart - ideally, use the...

The 200EMA is of some help but no trader should use it as a binary indicator between long and short, or between long and cash. This is purely for the guys who read the Sunday business news and phone in an order late Monday morning before they leave home in the Volvo for golf.

This goes on and on and only goes to reveal the muddled thinking of so many traders about what trading is, but also what life is. For pity's sake, let no-one else post anything more on whether trading is gambling.

In real time, you can't tell what is a bottom in order to buy the bottom. As price has been falling to reach this new low, its a good assumption it has been in a downtrend, and when price is in a downtrend, the most likely outcome is a further downward movement. Until price starts to rise...

Depends what you use it for.

If price is in a trend, the most likely thing it will do next is continue that trend. It follows that buying an uptrend has a better probability of success than buying a downtrend. If price makes a new ATH, there is no resistance over-head, so again, its more probably successful to buy when...

The exact and immediate correlation between information and price is a false premise. Adaptation to new information is not instantaneous and at no point subsequently can ever be assumed to be complete.

When buying a new high there can often be difficulties identifying a suitable stop-loss price using TA. Buying a recovery from a pull-back points obviously to the swing low as a level of support.

This is no doubt all true. But I have no connections in Nicaragua.