black bear
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glad I got out of the way of that bar
That would have done a bit of damage to the old bank balence,
oh wait a minute it could be a sell spike
Not my thread. It's a good one and we'll miss you.
Split
An hour into the open and Fins has a 6 point spread on Footsie? Most unusual. Beware!
Footsie is non-arguably heading to its original path. Are we going to witness new highs? 7100+ before the year ending.
Looking at DOW Jones hitting 14,000 soon. I am thinking its about time FTSE did the same.
When i started trading from Dec 05, FTSE100 was at 5100.
generally thinking with all the hypes in the financial market these days, we going to see FTSE100 to hit 10,000 mark before the 2012? or is that wishful thinking?
Footsie is non-arguably heading to its original path. Are we going to witness new highs? 7100+ before the year ending.
Looking at DOW Jones hitting 14,000 soon. I am thinking its about time FTSE did the same.
When i started trading from Dec 05, FTSE100 was at 5100.
generally thinking with all the hypes in the financial market these days, we going to see FTSE100 to hit 10,000 mark before the 2012? or is that wishful thinking?
BP news probably holding this down today? ... A profit warning from an oil company with the oil price so high? .. it's incredible .. what state would they be in if the oil price was not so buoyant.
two trades so far today: a reasonable short and a dim long, now flat. ..
The BP warning made me bearish .. then a delay in my fill made me a bear with a sore headbut despite looking like a losing trade at 8:30 it came good by 9:13
then at 10:30 I went long ... thought it was going to be a good trade by 10:50 ... but did not take the 6 points offered . let it go negative. ..and more negative .. and bailed out at 6400 .. ..still up on the day but I'm kicking myself for that one. small consolation as the index has fallen further as I speak .. vindicating my bail out .. but it was expensive .. 11 points ..
Trendlines, to me, are drawn arbitrarily. I just use them as a sort of "comfort line". If I am on the right side of it I feel fine and have no worries. The rule that they must be drawn across the tops or bottom is, more or less, telling the market what to do. How can you expect that of a price? When the price cuts the trend I look to see if a pattern is forming. If the pattern is continuous, I revert to a trendline, again, almost certainly, the momentum will have changed but if I keep to the right of it in a bear and to the left of it in a bull then I am OK- Whenever it crosses, it is a warning to pay attention to the trade, nothing more.
There is nothing to be learned from trendlines, IMO anyway, except to help keep the ship on course. Go inside it and you are entering into shallow water.
Split
Trendlines, to me, are drawn arbitrarily. I just use them as a sort of "comfort line". If I am on the right side of it I feel fine and have no worries. The rule that they must be drawn across the tops or bottom is, more or less, telling the market what to do. How can you expect that of a price? When the price cuts the trend I look to see if a pattern is forming. If the pattern is continuous, I revert to a trendline, again, almost certainly, the momentum will have changed but if I keep to the right of it in a bear and to the left of it in a bull then I am OK- Whenever it crosses, it is a warning to pay attention to the trade, nothing more.
There is nothing to be learned from trendlines, IMO anyway, except to help keep the ship on course. Go inside it and you are entering into shallow water.
Split
Trendlines, to me, are drawn arbitrarily. I just use them as a sort of "comfort line". If I am on the right side of it I feel fine and have no worries. The rule that they must be drawn across the tops or bottom is, more or less, telling the market what to do. How can you expect that of a price? When the price cuts the trend I look to see if a pattern is forming. If the pattern is continuous, I revert to a trendline, again, almost certainly, the momentum will have changed but if I keep to the right of it in a bear and to the left of it in a bull then I am OK- Whenever it crosses, it is a warning to pay attention to the trade, nothing more.
There is nothing to be learned from trendlines, IMO anyway, except to help keep the ship on course. Go inside it and you are entering into shallow water.
Split