FTSE 100 Intraday - November

[mully]

D4F indicating 4363/67 +26

 

[bonsai]

morning
4390 ?
if you go back and look at my chart, I have drawn a line
in the right hand chart at 4390
I think it shows up clear resistance level.

 

[hungrybear]

Morning,

Apologies for the irregularities of the posts at the moment. I'm working on swing trading as I dont think i have the right mentality for scalping. That's partly why most of my posts have related to predicting turns. So far it's working well and the last 2 days have yielded my best returns in over a year!

Current analysis suggests we are close to a swing low. It could have come yesterday, but Wednesday is the ideal day froma fib perspective so I'm expecting a drop tomorrow before we rally. This next rally is likely to be highly significant. No matter whether it's a new high or lower high, there will be a significant drop into December, possibly continuing into January. Although I do have a LT roadmap it has to be modified on an ongoing basis as the market path is defined. Currently it suggests a significant low In January followed by a rally into Aug next year. In the short-term I'm not convinced the Ftse has met it's upper price criteria for a significant high, but we should know within about 10 days!

I know many traders dont believe the market can be predicted, but this is working well for me and as long as it works I'd like to share it!

 

[bonsai]

hi hb

can we assume its a fib time cluster concept ?

 

[hungrybear]

Hi Bonsai, yes fib time cluster and for an ideal turn a fib price point/cluster as well. Primarily working on the Dow & Ftse and using EW and Astrology support the anlalysis.

 

[bonsai]

decided to go on the short tack for an hour or two.

we seemed to have pulledback 50% and since the low everything looks corrective.
so we may have seen an abc from the low.

 

[barjon]

mmm if someone cuts the VOD rope (+4.5% and 380m vol
already) there's not much else taking the strain

 

[bonsai]

that's enough for now

got there quicker than I thought it would

but the sma was in play yesterday, so why not today.

lets see what happens next.
(but sb's dont seem vey buoyant)

 

[Hooya]

Just one quick post today as I have just got back from Hols and have become an Uncle this morning too...so off to the Hospital after a bit of shopping in Baby Gap lol..


Bit of a mixed picture on my charts...10 mins still says up at the moment to me but other suggesting down.Will take me a day to get back in the rhythm. Enjoyed reading Trading for a Living and Elliott Wave principle over the last week. Picked up a few new ideas and also caused me to question a few old ones. Think the EWP will take a good few reads. Its quite detailed.

 

[Hooya]

 

[mully]

Here is a bit of fun. I have had Elliott Wave Analyser around for ages gathering space on my desktop. Thought I would run it for fun on the SP500 hourly chart. Make of it as you want, but do remember forecasting is dangerous to staying objective. However, I cannot resist the pretty picture. All thoughts welcome

 

[oatman]

Hooya, If you drew your support trendline correctly, it's already broken. :cheesy:

 

[Hooya]

My trendline based on the candles...which is still holding at the moment

edit....and drawing it tight up agains the line chart..still shows we havent had a closing 60 min breach yet.imo

 

[mully]

Bonsai,
At least the market is respecting the 1 day SMA by hesitating at it.

 

[bonsai]

just back
hi hooya, did you have a good one. did you see the match ?
there is a rugby thread.

I see we have a battle of the trend lines ?
lol
think I am on the side of the break, then pullback, then break again and now attempting another pull back .
(a lot can happen in 60mins?)
its just (but only just) possible that we have seen a 4th since the high today? (1 would have had to top at 4346?)

so the push for 4390ish could still be on.




on the other hand ..........

 

[Hooya]

still the gap to fill above from yesterday by the looks of things?

Lucky for me Bonsai, it was raining on Sunday(messy game) so I got to watch it but the other half wasnt so please but the 5 days before were great weather so all in all pretty perfect. recommend it 100%

 

[mully]

Me thinks gap filled

 

[bonsai]

mully
I think that may be a moot point.
we closed at 4339. so there has been no trading between
4339 and 4349.

I dont have any rules about whether that will get filled or not.
but if you go long, its worth having a tight stop.

I'm waiting for 1 hr to break above before I decide.
(Dax looks miserable)

 

[Hooya]

more interested in the gap to the upside

<img src='http://chart.bigcharts.com/bc3/intchart/frames/chart.asp?symb=uk%3AFtse+100&compidx=aaaaa%3A0&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=32&size=3&state=8&sid=123797&style=380&time=3&freq=6&comp=NO%5FSYMBOL%5FCHOSEN&nosettings=1&rand=2024&mocktick=1'>

 

[bonsai]

not impressed so far
a/d still negative as well