Yes GK you got it. It is the ossilations that I look to trade. The FTSE and ASX200 are my preferred plays. The time frames are a few days to perhaps 2 weeks. Good moves but, importantly, the intra-day whips tend to be within my limits. Generally. The DOW can move 200 points with or against you overnight. The DAX (Germany) is the next I want to "tame". If you are looking into what I am saying look not only at the body of the day candles but the wicks. These highs/lows are what can stop you out even when you pick the right direction to trade.
"pips" yep GK that is the lingo. Each market on CFD has it's own "points" of movement. $Au/US moves every 1 hundredth of a cent, so 1c move is $100 or 100pips. Gold every ?fraction? of an ounce. So each move is referred to as a pip. An index is easy. 1 point = 1 pip = $1/contract.
This is more fun than Knitting!! GK good trading and health to you and yours for 2014!! Cheers Mower
