Your post was interesting and has been verified for to-day. The range was about 15 points and, virtually, nothing has happened up until now.
Chalky_trader
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Nice post MArtin
Interestingly enough
sharescope calculates the (5 day) ave daily range for the ftse to have fallen to 45. the dax however is currently seeing a range of 99 pts average. may be more opportinity over there
As the exchange is a similar price then commission & spreads etc, should be % wise smaller to the potential moves that take place.
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Durable goods, much worse than expected.
barjon
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Worked out well for me too, I was short the S&P from about an hour beforehand, big resistance at 1372.50 plus divergence, it was like watching paint dry though, slow as hell.
Chalky - good point. The dax is much more volatile than the FTSE right now, and it would make sense to trade it instead of the FTSE. The Dax is almost always down or up more percentage wise than the FTSE. Today FTSE -0.23%, FDAX -0.54%. Yesterday, similar ratio.
Chalky_trader
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Hey Reksa
Thanks for re ignighting my interest in pivot points
That sell off bounced right off the pivot as calculated by IG charts
i played it small long and bagged a couple of points
longer term tho as we have broken from this mornings range then shorts may be the way to go this PM
Thanks for re ignighting my interest in pivot points
That sell off bounced right off the pivot as calculated by IG charts
i played it small long and bagged a couple of points
longer term tho as we have broken from this mornings range then shorts may be the way to go this PM
It should sell off this pm on those poor durable goods, but look at yesterday afternoon and the volume that came in. That move up in the afternoon was on massive volume. The kind of volume that has to be institutional and must be longs. I don't see them letting their position go off side by too much. They should support the price at some stage. Don't know if it will be this pm for sure, but some time soon they should step in.
Nice trade Chalky, did you buy in on the line?
If the high and low in the 24 hour day were printed between 8:00 and 16:30 the pivots will be calculated by IG charts ok. If not then 👎
Chalky_trader
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I placed a limit just below it worked a treat
wish i could say that for all of my trades 😆
Dick Lexic
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well as we all know they will use any excuse to skew the price so ....they may be filling their boots 🙂
Working fine for me. You just missing the talk? or are you missing the text headlines too?
Chalky_trader
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ftse -2 dax +40
divergance?
divergance?
It's stopped at last night's close and not giving me today's headlines. I've tried on two computers and it is stuck on last night's headlines. And the audio test gives no sound.
As for this morning. It looks like another rangey morning The first hour had a range of 17.5 pts, although I favour a sell off and certainly a test of 5900
Ransquawk back up and running. Apparently the problem was at their end due to the leap year! That millenium bug had to turn up somewhere!
Looks like we are rangebound. I wasn't brave enough to take the long at 5904. I really thought we would go lower. I would consider a short around 5920 ish, but sitting on my hands otherwise.
Looks like we are rangebound. I wasn't brave enough to take the long at 5904. I really thought we would go lower. I would consider a short around 5920 ish, but sitting on my hands otherwise.
