FTSE 100 February

[barjon]

mornin' all

can I check fibs please? I've got 50%s @ around 306 and 373?

 

[bonsai]

One more drop and we will be 200 pts off the top.

that should get rid of the weak bulls

(I supect we had a bullish consensus)

 

[jonnyy40]

Anyone have any thoughts on British Energy?Is this the top?

 

[Hooya]

would like to see a move to 4386 now. Over the last week the second swing of the day seems to be the strongest. However they have mostly been to the downside i.e with the trend. So its sit and watch time.

 

[bonsai]

taken the chart down

seemed to be out of date for some reason

 

[barjon]

my 9.37 plea? 373 presumably squares with hooya?

 

[Hooya]

as long as it goes in my direction anything is fine with me Barjon?

A/D improving Bonsai?

 

[barjon]

mmm, but you wouldn't put your foot on the gas if there was a
brick wall just ahead of you?

 

[bonsai]

a/d is looking better (as I assume you know)
also have a higher low on my macd (although only a small one)

but acorns ....... ?

 

[TheBramble]

mmm, but you wouldn't put your foot on the gas if there was a
brick wall just ahead of you?

I would if I was in reverse....

 

[Hooya]

......grow in to huge Oaks but it might take miracle grow

 

[Hooya]

grrrrrrrrrr you no when you are trading against the trend...you get stopped out for +8 when you could have had +14:-(

 

[bonsai]

much better to trade with the trend, imo

(another failure to break the gain line ?)

 

[Hooya]

Of course but I hate missing out on 20 point moves just cause its not with the trend...I did have signal but the problem when the signal fails if you are going against the trend you often find the market has already dropped 5 points

 

[bonsai]

if you are still looking for fibs then in my language

4531/4080/61.8 = 4359

 

[barjon]

before I changed tack around 65% of my failed trades came from
going against the market trend (on my individual share swings
not ftse)

 

[bonsai]

barjon
sounds like you have kept a diary/detailed records

full marks for that. everybody should !

 

[barjon]

mmm, threw out a lot recently - maybe a mistake. It's amazing
how much more complicated it's all become with computer power,
internet, comprehensive charting packages etc. I only wish my
profit had expanded at the same rate as the sophistication of the
tools. A good argument for keeping it simple I suppose.

 

[Hooya]

Funny you say that Bonsai that is my S2 exactly, hence my earlier long

 

[Hooya]

next stop 40s???