FTSE 100 Intraday - November

[Hooya]

<img src='http://uk.ichart.yahoo.com/b?s=^gdaxi'>

 

[jonnyy40]

futures

 

[hungrybear]

Closed my Ftse short. We'd normally see a bounce at this time and I'd prefer not to hang on just in case it keeps going down.

Wave count is, well I wont even hazard a guess.....

 

[bonsai]

I have to assume that mm's are hunting for business
and they ain't found it yet.

they probably chose the wrong direction to find volume.

 

[Hooya]

well the might have found a bit at 50 but not exactly inspiring is it.

<img src='http://cchart.finance.ukl.yahoo.com/z?s=^ftse&p=v&t=1d&l=on&z=m&q=c&i=uk'>

 

[Hooya]

I guess this is why they chose to look for the volume down here....

http://uk.biz.yahoo.com/031127/140/ef2p6.html

 

[jonnyy40]

Starting to look like a top in Dax.Not shorting though.

 

[Hooya]

dax has stayed in a nice sideways range

 

[jonnyy40]

A bit like my trading account

 

[Hooya]

wow we got a volume spike at last lol (see yahoo chart)

 

[barjon]

Well the middle of Monday's long candle did its job at 350 I see.

Just back from being dragged away. It's alright for you guys who
can get away with it being your business. For me (I'm told) it's
"just a hobby, so get your backside out of that chair and come
along with me" It'll get worse as Christmas gets near!!!

Serves my good lady right if I can't afford the present she's after
(on second thoughts, perhaps that's why she keeps dragging me
away!!).

 

[Hooya]

not a bad days trading range considering US was closed

 

[bonsai]

hooya
both spikes seem to be on down bars.
trick is always to buy the down tick
so they could be buyers ? (who sold the futures)

on the other hand they could be sellers who bought the futures.

or not........?

 

[Hooya]

well It looks like someone bought it but didnt really spark anything off.

 

[jsd]

hooya what happend the day after thanksgiving ?
just curious
jd

 

[barjon]

an "indecision" candlestick today, but encouraging that the
downside action held in the top half of Monday's long white.
That should mean a higher close tomorrow but what it does on
the way there is anyones guess.

How does that sit with your 81% signals Hooya?

 

[bonsai]

good stuff, barjon
I think hb read yesterday as abc but with todays continuation
I think it now looks more like 3 legs down.
so I expect some sort of pull back.

 

[Hooya]

jsd...it's in the chart...it fell to the thanksgiving open

barjon, did a bit more work on it the other day and using the same figures Ive reduced the strike rate to 68% but it now yeilds 8 points a day if you only traded open and close values. But average maxium win I.e if you clsoed at the high is 28 points. Still no way of trading it. In fact it is saying it should close down today but not paying to much attention because of yesterday

 

[hungrybear]

Hooya,

Systems always work brilliantly the day you dont follow them :cheesy: Better still the day after you followed a system and lost. All IME (in my experience)

 

[Hooya]

they are only statistics at the moment not a system as there isnt a way to trade them so far. Probably will take weeks of watching the figures and the intraday charts to get a further idea on how to trade them. BUt it fits with my pattern today of up with a reversal later. So will just have to wait and see