FTSE 100 Intraday trading - August 2003

[bonsai]

don't know whether its useless or not but I think todays gain line
is always of interest.
I din't have it in play because of the fib.

mully
couldnt say. possibly to short a time frame ?
my thinking is that the top line is still in play particularly
as we have a gap above 100
but who knows when ?

and 45 may still be in play too.

 

[Dr Mike]

Hi Mully

On CMC as per Bonsai's chart above , had entered and left it to run with a 25 pt profit limit order, while I concentrated on the S+P

Nice to find that the ftse has followed the S+P up in the evening.

I have to admit that it looks as if I'd neatly exited following the double top but that was pure coincidence.


I agree with Steve+ Bonsai above - following the FTSE out of hours could be rewarding

 

[oatman]

Mully, the futures hi was 72 at about 8.08. With a diff of 20ish your 94.5 was possible.

Cheers

 

[jonnyy40]

Oatman,is it you that uses the TWS interface direct rather than TSIM+?

 

[bonsai]

hmm
does nobody have a chart of what's what early this morning ?
I started late I'm afraid and dont have backfill so I cant resolve it

started at 8.03 but I dont have anything above 90

 

[barjon]

the little Yahoo chart has a spike up to just below 95 in the first five or so minutes (Yahoo have funny 9 period hours!)

 

[bonsai]

got it.
thanks barjon
<img src="http://cchart.finance.lng.yahoo.com/z?s=^ftse&a=v&t=1d&l=on&z=l&q=c&i=uk">

 

[mully]

Bonsai

I notice that all the high volume is on the down candles. Appears someone is selling this market

 

[oatman]

Bonsai, That's how the future looks.
Jonnyy40, I've got Tenfore satellite on one machine and IB on another looking at Sierra's free trial at the mo.


Cheers

 

[bonsai]

mully
surely
I dont think a retest of 45 would surprise anyone ?
but at the moment I am enjoying a period of 'masterful inactivity'

 

[barjon]

gotta go dammit - just when it might start getting interesting!

bet it will have all happened by the time i'm back.

cheers for now

jon

 

[bonsai]

so quiet I assume everybody is long and watching the screen after that higher low?

If it can get there, I have the top line now around 99 and falling

 

[hungrybear]

Hi Bonsai,

Got hammered today - lost 26 points. I was out most of this morning and made the mistake of jumping in with a short when I got back, always a bad idea. Went long, but closed evens when it didn't go up with a Dow rally, then went short again, only this time the Ftse didn't go down with the Dow and then went up! Days like these you just have to walk away.

 

[barjon]

bonsai

got back too late!! might have pyramided when it cleared 80 but
90/95 too close for a first entry. hope you're in and making
money

good trading

jon

 

[bonsai]

yes HB, as Scarlett said
"Tomorrow is another day."

only one trade so far
after the higher low on macd.
getting late now so just a question of when to close.

 

[oatman]

Is that Captain Scarlet?

 

[bonsai]

lol
sb's seem ahead of the game ?
91,92,93 done
thank you.

edit
that was happening if you noticed while the dow was busy falling.

may go higher but looked a bit 'odd' to me at 4.24

 

[mully]

Not a great day for me. Sold very near actual low based on observation that volume had, up till then, been on the down bars. When market hit 70, closed for a loss of 11 points. Luckily only has one unit on, so very modest loss. So hungrybear you are not on your own.
Waited to enter long but got bored/hot by 1.30pm and went out to do some shopping, pick up papers, and get a haircut .However, on return found market too high to re-enter.

 

[genti]

FTSE100 in my p/f charts looks good , so the buyers will not give up until we see it trading lower than 043.



a los is a success if you followed your trading system.

 

[barjon]

Mully

Have to be a bit careful with short interval volume imo. If it's
unusually high it's as well to check since big volume one-offs like
lloy yesterday (and barc today?) are distorting - really needs to
be broad based volume to be significant imo.

Interested in your "maths" post - like you I'm quick to pyramid
but usually wait for a continuation sign before doing so. How do
you judge the action is with you before adding to your initial
position?

good trading

jon