Dentalfloss
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a happy and prosperous new year to you..another good one i think,lots of volatility in store for us this year
Current swing signals –
29/12 – Whiplash – Short
29/12 – Key reversal – Short – Caution: pattern incomplete as close above previous session’s low
Anticipated swing signals –
04/01 – 2C14X – Short at close, if below 14EMA
S&P500 corroboration –
Unconvincing reversal 29/12 plus spinning top 31/12 do not point to significant market weakness
29/12 – Whiplash – Short
29/12 – Key reversal – Short – Caution: pattern incomplete as close above previous session’s low
Anticipated swing signals –
04/01 – 2C14X – Short at close, if below 14EMA
S&P500 corroboration –
Unconvincing reversal 29/12 plus spinning top 31/12 do not point to significant market weakness
Got taken in today. Bank holiday. In Spain we don't get "recuperables" If the holiday falls on a Sunday, that's your hard luck! Anyway, I shorted and got 9 points, even with a lousy spread, which I didn't notice, either! However, as soon as the penny dropped I closed at once.
Back to sleep, then, until tomorrow!
Back to sleep, then, until tomorrow!
Today made a new high, best since June 08, and seeming to continue the uptrend. Price gapped up amazingly (by 100pts) and finished above the open and up on last session's best.
It's no reason to short, but this two day pattern is not a classic bullish kicking pattern as today's candlestick forms a doji. A doji is not a reversal on its own, but signals the market has lost direction. Positive though today's close was, price still could not maintain buoyancy above the mid-line of the range. No support from the US - the Dow looks like it will not breach yesterday's high and could even form another doji.
Await a close well down on today's for a major shorting opportunity.
It's no reason to short, but this two day pattern is not a classic bullish kicking pattern as today's candlestick forms a doji. A doji is not a reversal on its own, but signals the market has lost direction. Positive though today's close was, price still could not maintain buoyancy above the mid-line of the range. No support from the US - the Dow looks like it will not breach yesterday's high and could even form another doji.
Await a close well down on today's for a major shorting opportunity.
Today makes a 2C14X buy signal with a second close above the 14EMA. Hard to believe that there's much headroom left but there's the green light if you're bold: the uptrend was continued yesterday with a new high, but today could not build on that. The stop is 80pts down at 5964.
Today's high breached levels not seen since May 08 and extends the uptrend, and, yes, the close was still up on the start of the year. But the weak finish makes the candlestick a pretty good pin bar. We may see confirmation tomorrow which would be the trigger to enter short.
Bristolguy
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Right i have opened Long +4 position a 5981 FTSE 100, tight stop below the last low of today. If the Non Farm Payrolls proove to be good then hopefully the market will take a nice rally up. However if not then i will get stopped out.
Bristolguy
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Stop moved to entry level 0 RISK. So lets see what happens 
.
.Bristolguy
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Might aswell take profit for now and see what happens. Position closed at 6008 + 27 Points.
Bristolguy - luck or not, well done - 27pts is 27pts.
NPR etc. makes the session a lottery sometimes. Evidence of this today is the wide range between 0800-1000 - about 50pts - which, along with the recent faltering daily patterns suggests people have little appetite for the risk from a hard stance ahead of the stats (or anything else). We will soon know.
I will go short on a weak performance later if that confirms yesterday's pin bar.
NPR etc. makes the session a lottery sometimes. Evidence of this today is the wide range between 0800-1000 - about 50pts - which, along with the recent faltering daily patterns suggests people have little appetite for the risk from a hard stance ahead of the stats (or anything else). We will soon know.
I will go short on a weak performance later if that confirms yesterday's pin bar.
Bristolguy
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Cheers man, i have just got back in SHORT at 6013.
Bristolguy
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Exit 5990 + 23 Gain.
Bristolguy
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lol was milking it today, bought back in again SHORT 5982 and thought i might aswell call it a day at 5976 for =6 points.
So todays session saw me take a total of 56 points, not bad i think.
So todays session saw me take a total of 56 points, not bad i think.
Bristolguy
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Good Stuff, I did open another trade and currently short. Hopefully Wall Street will take a tumble later on. Who Knows, got a tight stop just in case.
Bristolguy
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Bought FTSE 5960 target 5990.
