Day Trade the FTSE

[ian]

Seems a fair amount of support at this point..

 

[black bear]

seems like a good plan:cheesy:
looks like there might be a dip right there

catch a little bit I hope 😆 😆

 

[shortorlong]

catch a little bit I hope 😆 😆

collected some points in the morning .. but closed for zero in the trade above .. it spent most of the day out of the money .. I missed many trading opportunities because I was sitting in losing trade all day .. there must be a cure for this .. but not sure what it is 😆

 

[black bear]

collected some points in the morning .. but closed for zero in the trade above .. it spent most of the day out of the money .. I missed many trading opportunities because I was sitting in losing trade all day .. there must be a cure for this .. but not sure what it is 😆

Just get periods like this, 🙁

I think the only thing you can do is cut em short and wait for your signals to come good again, they will if your methods sound.

I just check my method and well check I traded my plan live at the market. I think we all cheat a bit , which is OK if we are rockin, but no so good if we are not :!:

I read somewhere that a good trade goes well straight away and I have found this to be true more often than not, I stick that at front of my mind if I am having a sticky patch, dont get me wrong I take my signals in my timeframe etc but my soft stop becomes my hard stop and I re-enter if required and pay the spread

UNTIL I ROCK AGAIN 😛 :cheesy: 😆 😀

When Iv done all that I usually decide its my method thats rubbish 😱
Im a bit daft and I can"t think of a better one so I keep using it and improving it a bit at a time :idea:

Thanks Ian & Split (trend line & pointing right direction reminder) I new that , I new that I did honest I did 🙄

I just forgot again 🙁

Hey where is Split, hows your swing trading going :?:

Ian that leval 2 thing you posted, are you supposed to use those, I mean its not cheating is it :?: Where do you get them and do they work :?: :idea: Do the SB firms let you use them 😆

Got to go little buy on the Dow I think 😎 Breach of rules 😈 No trades on Dow arrrrhhh

Not being wise a#### I dont trade for a living only part time in the mornings, I find following the plan easier that way. That is till I start ROCKIN, when Iv been ROCKIN for 2 straight years then I might give it a go full time 😉

 

[catracho]

Seems a fair amount of support at this point..

So with DOW at new highs - whither the FTSE?
Seems like a test of FTSE highs is on the cards..see attached charts..
buy the dips - scale out of longs if nearing the highs..wait n see for reaction at highs..
(that's my strategy for near term - unless subsequent price action dictates otherwise🙄 )

Well FTSE turned back at resistance (6570 cash) - if US mkts turn south in dramatic fashion - after the BIG rally - the DIP could be as low as 6320 (cash) - without spoiling the BULLISH view -
back to watching for the right entry -
oil, gold, Euro all weaker -

 

[shortorlong]

Well FTSE turned back at resistance (6570 cash) - if US mkts turn south in dramatic fashion - after the BIG rally - the DIP could be as low as 6320 (cash) - without spoiling the BULLISH view -
back to watching for the right entry -
oil, gold, Euro all weaker -

looking back on today .. short was the way to go .. makes sense, profits were likely to be taken from a nice (if unspectacular) bull run yesterday ..

So how is it the bullish move yesterday infected my brain so that I could not consider a short today??... it's all so obvious in retrospect 🙄 😆

 

[black bear]

looking back on today .. short was the way to go .. makes sense, profits were likely to be taken from a nice (if unspectacular) bull run yesterday ..

So how is it the bullish move yesterday infected my brain so that I could not consider a short today??... it's all so obvious in retrospect 🙄 😆

Whats the old brain say today :?:

Shortorlong any pref 😆 😆

 

[shortorlong]

Whats the old brain say today :?:

Shortorlong any pref 😆 😆

the old brain said don't trade in the first 5 minutes .. I waited for a short this morning, scalped a few, now flat .. thinking about going long soon ..😕 but will I push the button? -- watching for a stochs cross below the 25 line

 

[black bear]

the old brain said don't trade in the first 5 minutes .. I waited for a short this morning, scalped a few, now flat .. thinking about going long soon ..😕 but will I push the button? -- watching for a stochs cross below the 25 line

waitin for the 1 st hr to click over, news things @ 9:30 so prob wait till after them :?:

Long could be way to go , but dont like ftse keep going under last weeks high ?

 

[black bear]

Well FTSE turned back at resistance (6570 cash) - if US mkts turn south in dramatic fashion - after the BIG rally - the DIP could be as low as 6320 (cash) - without spoiling the BULLISH view -
back to watching for the right entry -
oil, gold, Euro all weaker -

thnk ftse getting bit excited here Dow still on yest Low with SB firms :?:

 

[black bear]

Watching

🙄 😱 :arrowd: if hour low and week high goes

not decided what to do if its strong 😕

 

[black bear]

Watching

🙄 😱 :arrowd: if hour low and week high goes

not decided what to do if its strong 😕

Short @ 18 1/3

 

[black bear]

out 28 - 3.5 full 🙁

 

[black bear]

short @ 24 1/3

 

[shortorlong]

out 28 - 3.5 full 🙁

bad luck - when you went short had just gone long for the second time .. my first "sucked in" trade (no signals) just lucky it worked out, but only collected a few points.

Earlier I did hit the buy button but closed shaken out, again for a few points

the next signal for me will be short .. but can't shake off this crazy long bias at the moment

think I'll take a break (probably miss my signal -

ooops there it is
- short 23 .. now watch me crash and burn

 

[black bear]

no wot you mean, I m gettin a bit of a long bias to, dont no why 😆 😆 😆

still short just snaffle graaa 😈

 

[black bear]

Dow cash sb going down can anybody with real data confirm ?

 

[shortorlong]

Dow cash sb going down can anybody with real data confirm ?

http://www.cbot.com/cbot/pub/page1/1,3248,432,00.html

 

[black bear]

Thanks

 

[shortorlong]

who keeps buying those dips .. stop it right now 😈

may be compelled to bail soon