FTSE 100 Intraday trading - August 2003

[bonsai]

FTSE 100 Intraday trading - August

<img src="http://www.proudtobebritish.co.uk/ptbb/intropics/uk.gif">....................................AUGUST STARTS HERE ..........................................<img src="http://www.proudtobebritish.co.uk/ptbb/intropics/uk.gif"></img>

<img src="http://chart.neural.com/servlet/GIFChart?sym1=ls:ukx&cbcku=FFFFFF&cbckl=EBF5FF&cbckd=cccc99&ctxtu=000000&ctxtd=000000&ctxtl=000000&csym1=000099&csym3=000000&cbckg=FFFFFF&cind7a=FF0033&cind7=009900&cind8=blu&cind9=6666CC&avg1=60&avg2=510&ind7=macd&periodMACDLow=100&periodMACDHigh=60&height=500&width=750&source=SP&multipane=1&watermark=splogoblue.gif&dres=min&plottype=range&ignore=1220025226&dperiod=days&coname=1&image=PNG"></img>
I have modified the macd to 60/100 as recommended by Lambchops.

<img src="http://cchart.finance.ukl.yahoo.com/z?s=^ftse&a=v&p=m100,m50&t=5d&l=on&z=l&q=c&i=uk">

 

[bonsai]

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[bonsai]

moning
as I write, it has come back to test the old topline from 184

but too quickly perhaps ?

 

[bonsai]

now that its broken the top line. I assume its hunting to fill
yesterdays gaps just above 122.
but some protection afforded at 127 ?

 

[bonsai]

seems to be filling nicely
long at 25 as it seems fairly low risk.
that doesnt mean it wont be a loser.

 

[bonsai]

taken 35 for +10
its about to hit its head on the underside of that top line
and I dont want to hang about while it makes up its mind what to do next.

 

[bonsai]

looking strong ?
perhaps it wants to try up to 48ish ?

 

[Lambchops]

Bonsai - Just check out the D4F 1 minute 60/100/5 MACD setting. I got a +46 yesterday with it and a couple of good ones today, the latest one bought at 28 and still going.

 

[bonsai]

looks very good lambchops.
well done.

PS: Teach me not to go to lunch ?

PPS: you should post those trades, perhaps it will give
encouragement to others ?

 

[Lambchops]

Taken +10 as I have hit the sell button at 38 before a sell signal. There are a few whipsaws with this setting (60/100/ 5) but yesterday evening it would have given a 100 point win on the dow. Early days but looks interesting.

 

[bonsai]

looks likethat top line is no longer inplay.
instead I have a line from yesterdays high
which it is now trying to break ?

and an up line from 4045 under this mornings low.

 

[bonsai]

the shorter the indicator the more whipsaws
the longer the indicator the greater the lag
you can never escape that.

what's important is whether you are comfortable with it.
that way there are no regrets ?

we dont have to take every penny that is available
just what the market will give us is more than enough.

 

[bonsai]

now its had a look at 48 I have moved my line
(sb's did not go with it)

no gaps to fill , overhead resistance , so short at 42.

 

[be-positive]

Well done

on your +10 :cheesy:

 

[bonsai]

its started to sit there and look at me.
so closed at 38 for +4
may want to try going back up for a while ?

 

[bonsai]

I dont usually post in this amount of detail but in view of
issues coming up on other threads I thought you might like to get
a feel for what's going on on this particular computer and bit of an insight about what I am thinking.

hope it has helped.

 

[hungrybear]

Bonsai,

Yes, thanks for posting. You have a different trading method to me and it's interesting to see your entry points and reasoning.

I've only had 1 entry signal using my system, which I didn't take as I'm not confident about the market direction - if I had taken it I would have closed for a measly 1.5 points! System not working too well in these tight trading times and until I see a clearer direction I'll remain cautious. Having said that, I do expect a down market going into next Tuesday, so I'll be looking for a short later today.

 

[bonsai]

thanks HB
I wish I knew in which direction the next tick was going
let alone next tuesday


dont care much either.

just give me a chart and a low risk set up.

PS: falling back to that up line I mentioned.

 

[barjon]

belated mornin' all

Another see-saw day (?) not suiting my signals at all - been like it most of week. Still running sept longs (and avz) so not out of play entirely.

bonsai - chased your dotty chart one born every minute! dunno why it's always me, shan't let you have my magic 3 wood now!

good trading

jon

 

[mully]

bonsai

"give me a chart and a low risk set up"

thats my attempted approach having read both Piper and Tony OZ (The Stock Trader)

Market tested yesterday's intra day top at 4125 around 11/12.00, then rallied up to test the first support from high of 4170 around 4148. Appears to be failing. So back to test 4125 again. Not doing too much to-day ahead of US non-farm payroll numbers at 1.30 pm.