FTSE 100 intraday trading - JULY 2003

[boy]

long sept ftse @ 30

 

[barjon]

here's one - just nothing to say!!

good trading

jon

 

[Ghost Dog]

Here's another,

2 trades, -5, and this market's giving me a headache.

Gone before I throw more at it in the hope something sticks.

 

[bonsai]

been out
almost filled the gap
good enough for jazz ?

 

[bonsai]

perhaps not

72-1
at tea

 

[boy]

out @32 for + 2 .

 

[bonsai]

been chart gazing.
The high this morning didnt reach the top line
and we have now broken the bottom line twice.
but we have still not filled the gap.

so a line across the highs today should protect the upside
and the gap protects the downside.

bit late in the day now.

 

[reactor]

good work boy, given that you bought at resistance!

 

[barjon]

no trades today - just watching progress of sept longs.

good volume came in to take it off lows which is encouraging for support below 40 (could have just been an anticipation of the infamous DOW 10am reverse of course!)

roll on tomorrow!

good trading

jon

 

[bonsai]

Opening gap and fade is a fairly bullish phenomenon.
But the gap today up took us immediately into overbought
territory and we spent the rest of the day working it off.
NB: My RSI has not seen oversold conditions for a week.

 

[barjon]

Bonsai

today's action has resulted in an evil looking
candlestick - a bearish shooting star which, if
confirmed by tomorrow's early action, might start
moving your rsi towards oversold conditions!!

of course, if it fails (and that would require a move
above today's high, or a higher close) that'd be
quite bullish.

tomorrow may be an important day? we'll see.

good trading

jon

 

[bonsai]

interesting barjon
my candle for the day looks very close to being a hanging man.

 

[barjon]

Bonsai

I was looking at sharescope eod version where
they don't recognise gap openings for the index.
(wonder why - since they do for shares) Although
inferior and not really "true" candlesticks they still
seem to be informative on past record. Runs against
your "bullish fade" tho'.

You're right, of course, that the "true" candlestick
is more hanging man(ish) although not significantly
so. Be interesting to see what transpires.

good trading

jon

 

[Helenqu]

Very low range day today on ESTX. Trending day more likely tomorrow, my guess down but who cares as long as it moves

 

[barjon]

Helen

I do!! got sept longs in play

jon

 

[Helenqu]

Oh an investor!!

 

[Sledgehammer]

fyi

29 July 2003 07:34:17
Exchange [Liffe] : Exchange message. , FTSE 100 PRE OPENING CALL IS SET AT 4125.0 AND THE OUTER LIMITS ARE SET AT 50 TICKS.

anybody find this helpful? or a hindrance?

 

[bonsai]

I see it sledge but I don't use it.
Can't see how you could ?

I already knew there was a negative bias to the open.

 

[oatman]

Do these pre-markets not show on other price feeds?
Mine (Tenfore) shows 4175 Bid 260lots 4075 Offered 118 lots which is the same info that you posted.

Cheers

 

[reactor]

it's looking a bit scary with the futures opening! sentiment does look very pessimistic.