FTSE 100 Intraday - November

[bonsai]

Dow seems to have perked up now
seems we may be the leading indicator again.

 

[mully]

I only posted the missive, because, despite numerous posts that try to help fellow traders about trading on this site, people still keep on posting asking what do people think the market will do: will it hit xxxx etc....

How often do you have to tell people that the future is unknown because you cannot forecast with any certainty. One can only deal in probabilities. Why go down the dead end alley of trying to foecast 'tomorrow' if you do not understand 'today'. Is the market holding support, is it breaking through resistance etc.

Additionally, multiple use of indicators just obliterates the only reality- the underlying price.

here endth the lesson
Brickbats expected.
PS: all have a nice weekend

 

[bonsai]

just looking through my stable for new highs today
very odd bunch
Diageo
Pru
Rentokil
Smith & Nephew.

poor old Marks -boo hoo !

ps
I forgot to add Anglo Am

even more odd now.

 

[oatman]

test

 

[jonnyy40]

My system has me short at the moment but I can't say I'm happy.

 

[bonsai]

time to close me longs I think

I am usually too early but a trailing stop is a trailing stop.

 

[Hooya]

never too early to take a loss or a profit.....
only does it matter when you are too late.

 

[bonsai]

market just seems to have stopped dead in its tracks ?

I can almost smell rubber burning as it came to a halt.
perhaps it just needs more petrol ?

 

[Hooya]

pterol tanker arriving at 1.30:_)

 

[bonsai]

I hope not.
I'm not likely to get another signal so soon

 

[jonnyy40]

I pushed the re-wind button on my extendable leash.

 

[bonsai]

lol

where is Dr Lecter these days ?
has he abandoned us for a table leg ?

 

[mully]

 

[jonnyy40]

What's happening at 1:30? Please reply quickly!

 

[Hooya]

data releases in US non farm payrolls etc

 

[jonnyy40]

Just took 80.Don't like the look of it.

 

[Hooya]

petrol tanker arrived for US futs at least

 

[bonsai]

could be but make sure its not empty.

(its been a long time since we had a 1.30 set up)

 

[Hooya]

Im full expecting a poop and drop in the us now...but will have to wiat to see if the price action confirms it

 

[bonsai]

with dow futs at 9915 that puts the cash about 9950
up 100
we are up 55 so thats about right.

so we may not go any higher unless the dow cash is up by more than 100 ( and maybe more)