FTSE 100 February

[barjon]

bonsai

ok thanks

 

[bonsai]

hooya
yes, I always take entry/exit based on shortest time frame.

finirama
could be !
yesterday did look like the end of something.

 

[Finirama]

Hooya,

Did you go long on yesterdays bounce of the bottom 10 min channel line you posted yesteday?

 

[Hooya]

yes fin .Didnt actually make that many points from it as it failed 400 quite quickly etc etc etc.

 

[bonsai]

Fluke
sorry about the volume/complexity.

but Ftse is not an island.
the U.S indices contain a number of U.K stocks, so what happens over there can be very important.
The £/$ also affects our ability to export both goods and to a lesser extent, services.
And then of course, there is the matter of our European 'partners'

But you know all that.

it's just that it seems relevant now that we appear to have broken the 'link' or 'correlation' with U.S markets ?
unless you look at U.S in sterling terms.

barjon touched on this a little while ago.
if you hold U.S unit trusts, they ain't doing all that well right now.

 

[bonsai]

somebody asked a while ago 'what was our favourite entry signal ' ?

I mentioned the higher low and pointed to ULVR which I bought in the run up to the results.

seems appropriate to mention it again today.

 

[barjon]

a lot of red's appeared while I was having a coffee.

7 of ftse 14 now in the red with one even. Has A/D taken a turn
for the worse?

 

[bonsai]

off it's peak and so far confirming this fall
from +74 to +35

 

[barjon]

ulvr - good one bonsai !!

can't remember when you entered but there was a good chance
when the gap held @ 519

 

[Hooya]

aslong as we stay under the 1 hr its looks like a a small intraday
h&S targeting the gap closure

 

[bonsai]

I think we can agree it failed at the old bottom line
or having taken out stops on the previous peak.

so the high is as good a place as anywhere to place your stop.

 

[Fluke]

Bonsai.
Take your point,I can live with that and am still learning from you.
lol.
Regards

 

[Hooya]

hopefully we are making a lower high on my RSI as trendlines
on the rsi have been working well during this time of the bizarre

 

[Hooya]

I see is going to be one of these days my rsi failed to break 50.

 

[oatman]

It already is one of those days I've got a 12.5 point hilo on futures. Tried a short and got out after just over an hour on a stop for +1. I was looking for a gap fill.
Good luck

 

[Hooya]

well my rsi has gone and intraday flag seems to be going
so no reason to exit yet.

 

[Finirama]

Is it not a pennant forming on the 10min chart ..target 4,225?

 

[bonsai]

clearly a contentious area

been sitting on the top line but may now be breaking ?

(sorry for the delay, chart is on other pc)

fin
seems to me like an a/b sequence with 'c' to come

 

[Hooya]

quite interesting 402 has not only been the close from Friday it
has also been my R1 twice this week?

 

[Finirama]

Interesting.... 2point spread on D4F