FTSE 100 February

[Hooya]

just a quick free hand MM....not sure I know what it means though
lol

 

[Hooya]

Hope you dont mind me putting up these charts..it might spark some inspiration off. Here's a simpified version (change the scale to represent a days average range too)

 

[goostrey]

Paint by numbers

 

[Hooya]

that looks like a Hooya wave count LOL

 

[goostrey]

yup, you guessed it's my elliott analysis

 

[bonsai]

fascinating stuff.

I suspect there's a lot of interest in geometrical patterns.
its really what fib and gann are all about as well

 

[Hooya]

Im flat now as chart looks a bit bouncey on my 5 min. BTW I didnt get shaken out by the 1.30 data Woo hoo!

 

[goostrey]

I did, stops too tight, boo hoo, still made something. +9

edit

still have some put options from am, looking to close out before eod

 

[bonsai]

did anybody register a new high this morning ?

 

[Hooya]

by 0.5 yes

 

[jonnyy40]

They advise Martial Artists to practice Stick Fighting to boost their reactions - They should try Dax trading instead.

 

[bonsai]

lol

 

[Hooya]

reply sent.

 

[bonsai]

wish i knew what was going on ?
hardly profit taking, ther hasn't been any this week ?
if it doesnt rally soon, its going to change the wave count.

so standing aside now and watching

 

[Hooya]

we got the gap fill. Must admit with the US up I thought it might take longer

 

[goostrey]

agreed. its now on trend line from 12th feb.
If hsbc numbers on monday are good may boost banks for another rally.
closed puts for +15 per contract

 

[Hooya]

you got your profit taking Bonsai.....now for a new week and new month! Wonder what they are thinking:-0)

Only the on position today...got to busy drawing squares. And I you look it long enough Im sure I can see the Hooya Hypercuber coming into play aswell albeit in layers. ...this Murrey Maths thing is quite a hastle to calculate the size of the cube etc...so I set it to the previous days range and a day trading time. Looks interesting.



Have a nice weeked all

 

[goostrey]

bearish finish

my reading for what it's worth is we have seen the top,
and any rally will stop at the trend line. :?:

Back Monday

 

[Hooya]

back under that channel ....oh dear thats not good

 

[bonsai]

Don't really know why I am posting this chart, but it may be of some interest ? Found it amongst my bric-a-brac of software.
asit's Feb 29th, I probably won't post it for another 4 years.