FTSE 100 intraday trading - JULY 2003

[bonsai]

barjon
I dont know what the dow is going to do tonight but.....
I have several times mentioned the resistance line from 3952.
it was broken to the upside yesterday but not only got broken
late today but then acted as resistance before the final fall.
so I see it to be in play.

before going long tomorrow, you may want to check that we have
at least broken back above that line ?
its now about 4118

 

[bonsai]

barjon

there is a further resistance line which seems to be in play
which may feature on the next rally
you have probably spotted it but here is a chart.

 

[bonsai]

anyone interested in range projections ?
I have projected limits for tomorrow of
High of 4137 and
Low of 4064

 

[barjon]

Bonsai

sorry - called away to cut the grass. it still ain't 'arf 'ot mum!!

Thanks, resistance line from 3952 is from 1/7 low? My longer term lower channel line has not yet been crossed to get back in the channel (mine's slightly different from yours in your journal) and we would need about 4125 - pretty close to your 4118. All will be revealed tomorrow.

I did of course change my mind (I know, I know!) about being more comfortable long which you may not have seen before sending me the 4118 warning.

How did you project the limits?

good trading

jon

 

[barjon]

how did "called away" get underlined? Is it a recognised ta term!!!

jon

 

[Helenqu]

Click it and you'll see

 

[barjon]

Helen

Well I'll be damned!!!!!

jon

 

[jonnyy40]

You think you're confused?I've just been to IG's site,thought I'd deleted temp. internet files but it must have been cookies! Couldn't log on here,had to get a new password.Wonder how many sites I'll have to do this for?

 

[waqr]

Click it and you'll see

Called Away

Describes a stock option that was sold.............

Should'nt the word "sold" be replaced by "exercised" ?

 

[barjon]

jonnyy

not surprised - it must be difficult to see through that mask of yours!

jon

 

[jonnyy40]

The worst is it smells like a herd of old horses.

 

[bonsai]

barjon
first, youre right I hadnt seen your post.

second, I have an intraday regression thing which I keep half an eye on.
sometimes useful when we get into a steidlmeyer slide .

 

[bonsai]

think IE only deletes temp day files
shouldnt have deleted any cookies ?
nor your avatar.

 

[bonsai]

barjon
interesting start ?

 

[Ghost Dog]

Hi Bonsai, also follow Piper, (badly, I have to say).

Do you think it's a goose?

Gap seems quite small, but futures have failed to take out the obvious target at 4124.5, which suggests it may not be the obvious stop running/gap filling exercise I suspected.

 

[bonsai]

may just be bears running for cover as the dow didnt tank ?

I'm not trading it as a goose because of resistance at 4135
which would limit upside ?
however if I see a nice corrective pull back which only
lasts a short time, I might get sucked in.

 

[Ghost Dog]

Thanks Bonsai, yes, waiting for the stops to be run on the other side now. May be coming soon.

 

[bonsai]

btw, welcome
I see you have only just joined
but info on your profile is a bit scant ?

allo, allo
this doesnt look very corrective ?

 

[Ghost Dog]

Yes, I don't like to give much away! Won't post trades either, as a novice I don't think its healthy. I think too many put themselves under pressure for no reason. (or it is ego?)

I'm trading futures, seriously considering going back to the spreads for a longer term view. The entries are supposed to be easy, but I've never found that on Liffe. Been burned too many times by strange spikes and stops that got hit whether tight or loose.

Forgive me if I don't post much, the last few minutes have confirmed to me that I need all my concentration for this market. Missed the slide, caught the bounce, spike up to 4110 and back down in a heartbeat, charts crashed and stopped out for +1! Camomile tea is called for.

 

[Ghost Dog]

Got the charts back, and they've spiked it up to 4110 again. In other words, dont' play here little boys unless you can afford 20 point stops. I won't be going short for a while.

Think I may be speaking to CMC some time this week. May be better to sleep on it.