datav said:Nice going Slitlink. I agree. Much easier to get a feel for the overall sentiment of the 100 top companies than it is to try to follow individual companies with fundamental analysis.
So, our initial trade this morning looks OK now. Took some heat and were almost stopped out by a whisker, but now in the black. Be careful around the S1 5882, which coincides with the index low of yesterday. If we break that then theres a pretty clear run down to 5858-64
mikewilliams said:i have been observing the ftse and noticed that when using pivot points these appear to be significant turning points or consolidation levels. I am only looking to average 10 points on the ftse daily . i have been using a 5 min chart but not sure whether to move to a 15 mins to filter out any minor movements. some good advice is needed. thanks
datav said:Hi Mike, A good policy is to look at 2 or 3 time frames simultaneously. I have 5 min, 15 min and 60 minute charts of the same market side by side. The 60min trend is a filter, so only take trades in the direction of the 60 min trend. The 15 min is the set up,and when a set up occurs, go to the 5 min for pinpointing your entry and exit
datav said:target 5853 (S2) or 5821 for you SB traders. THis coincides with the 200 MA, and several lows over the last week, so it will stop here for sure.
Zinger said:What time frame are you using datav ?
Zinger said:What time frame are you using datav ?