Sold DAX and Bought Gold !

I will explain tomorow, but story so far:

Market Name : Gold Rolling Daily
Stake :1
Action : Buy
Price : 1137.6
Market Expiry : 23/2/2015 12:39:00
Trade Executed : 19/1/2010 00:11:59

Spread Betting Update ! I am finally in the money

After waiting so long I am finally up and running and my accoun is good. As of this moment i am £36.60 up ! I am going to stay in, I predict that market will conintue to go up further untill resistance point at around 5940 points.

Setting the stop limit on my spread bet

Using Fibonacci Retractment, I am getting out at the 38% level, thats 5948 leaving me with a 70 point win.

Buy 1 Pound a pip DAX

Market Name : DAX 30 Rolling Daily
Stake :1
Action : Buy
Price : 5878.2
Market Expiry : 8/11/2014 16:30:00
Trade Executed : 17/1/2010 23:12:22

Its pure speculative bet, the dax had a huge 120 point drop on Friday trading. So that means I am in.

Order Placed To Buy FTSE @ 5410

1 Pound a point Buy if FTSE fall down to 5410.
Lets wait and see.

Dont buy yet : FTSE falls 100 points in 2 days

* Click on image for bigger image.

The Fibonacci lines are eye catching, market is falling but it has not bottomed out, there is still maybe 50 points more to go, so am going to hold out for 5400. Maybe I will enter slighlty higher to make sure that I dont miss out on my first January sale.

2010 so far:

There was a dip towards end of December in the FTSE where it finished 5366,this would have been perfect time to enter as market rebounded upoto 200 points in the next 5 days. However, momentum is slowing and indicators now say FTSE is an overbought instrument so I expect in next 5 days the market to fall by 150 points. This will present my first entry point and opportunity to buy into the market.

My Spread Bet Mission For 2010

Hello,

My mission for 2010 is to journal the success or failure of my spread bets in the financial market.

I will start by crediting my account with 100 pounds and by end of the year I hope that my betting strategy will have been successfull enough to completeley subsidise the income that I would get from my present occupation.

My strategy is a simple one to execute:

To hit enter into a bet only after market has fallen substantially at end of trade.
In this instance I would bet that the following day market will bounce back to recover some of its losses.

I am expecting at least two opportunities to enter into the market per month.

Thank you for reading and following.

Gerard