Update -

Update on positions - flat in everything now, out of gilts, RRS, NXT & my short in £/$ - concentrating on starting to buy Gold which has a potentially very good set up. (see earlier post All Systems Go from May15). Have bought $921 and working $918 buy order.
At this point I would like to clarify something very important - the other day I had the pleasure of attending an on line webinar with a US trader describing his daily routine, set ups and trading style. I was very struck with the notion of time frames on trades - every trader has a different personality with a preference for a a different style which suits different timeframes. I tend to look at trades which develop over days and weeks, rather than intra-day. This US trader was very excited about trading the Russell 2000 on a 3 minute chart, which obviously is a very short term & focussed timeframe. It suits a jumpy, aggressive in and out personality - ducking & diving, bombing & weaving, you've got to be in it to winit! Now this might seem obviously different from the longer term fundamental investment manager type approach, but you would be suprised how many long term views are expressed with short term pain thresholds! I have been guilty many times & it was probably my greatest breakthrough as a trader to finally understand the importance of timeframe to all trades. You have to match your personality & preferences with the market's action and run risk /reward scenarios that make sense in the timeframe of the trade.
happy days ...
the Objective analyser