FTSE 100 Intraday trading - August 2003

[bonsai]

dont want to be greedy but now 200 has been broken
next fib is at 4173

 

[oatman]

I've had so many problems with so called "experts". I sometimes think it's best to try and help yourself. There are a lot of helpful forums out there. Personally I use http://www.pcpitstop.com/ Doesn't cost and they're always ready to help.

Good luck

 

[JonnyT]

My company will not employ any ex PC world engineer as a junior engineers never mind anything more senior as policy.

I leave you to make up your own minds.

JonnyT

 

[jonnyy40]

Yes,but now I've discovered moving averages I can plug my ears with £50 notes and let the world take care of itself.

 

[FTSEBOY]

Moving Averages

Jonnyy40,
What MA's are you using on what time span just out of interest?
FTSEBOY

 

[jonnyy40]

It was just a joke for Bonsai.

 

[bonsai]

173 has now arrived
now with any luck we may see the start of a pull back
of some sort.

yum yum

 

[barjon]

bonsai

hope you had a good time on the ocean blue.

is that a good short yum yum or a looking forward yum yum!!


good trading

jon

 

[bonsai]

hi barjon
been short all day
now waiting for higher low on my macd.

 

[barjon]

me too - stopped out for a time very early on and out altogether
now.

 

[bonsai]

just had a long signal - typical.
too late for me to trade.

never mind; good start to the week.

 

[bonsai]

still struggling with pc issues but here are a few charts
for today.
trigger this morning was the pull back to my trendline.which
started at 4063.
the A/D line was negative all day.

the rest was a matter of patience .

 

[bonsai]

I usually put up a chart of the A/D line
this one is the 2 min version and covers 2 days.

 

[barjon]

bonsai

trend line from 4063? I've got lows of 4045 on 6/8 and 4060 7/8
or am I looking in the wrong place?

jon

 

[bonsai]

barjon
line is drawn from 7/8
4060/4063 - I am working from a 2min chart.
all the same really

 

[Fluke]

Bonsai.
what period SMA are you using on your 10 day chart?.

 

[bonsai]

morning

fluke - its a 1 day sma

 

[Fluke]

bonsai.
Good morning bons and thanks, Im using the 10 day chart on my Fibbs waves.

 

[barjon]

mornin'

Thanks bonsai - any reason you didn't draw from 6/8 lows?
On sharescope eod my line (from 6/8) was at 4239 yesterday,
probably not accurate enough for a "stand alone" entry point.
Did you have anything additional to go with yours?

Can never understand how different data sources give different
highs/lows - there's only one market!!

good trading

jon

 

[bonsai]

I used to have s/scope eod but I was never happy with the
accuracy of the charts OR the trend lines,particularly the trend lines.

may be its better now but you could never verify what values they
were using for a range of things including ma's.

and data mining didnt cover trend lines.
-------------------------------------------------------------

re my charts.
if you look at my chart, I suspect you can see that 6/8 simply
wasnt the place to start a line.
probably wouldnt show up as well on an eod chart.

support to support, with no breaks ?

anything else to go with it ?
well, macd had turned down from o/b
rsi had done a whatsit reversal
the previous day was a hanging man AND looked like the end of a 4th of something or 'B'
1 day was falling
etc

quite a lot to go with it really ?