FTSE 100 intraday trading - JULY 2003

We have stayed within the triangle during lunch and are now towards the end of the pattern. So as expected the US will break it out for us but I have no idea which way as yet other than concentrate on the trend. Good luck
 
we have seen a nice abc today down to the low
but what happens next could be decisive !
 
Yes,it's been a hard day Bonsai. As a stress-buster,how about looking at my posts in 'Create Your Own Charts' and Techies's Corner.
 
it's been another laughable day for me. -18. need to sort my discipline out.

i hope everyone is doing better than me! i'll be back tomorrow!
 
sorry to hear that reactor.
Its not easy and it can be risky.
The one thing about Elliott is that it gives you a road map
of clues and I would commend it.
And Piper can give you insights into low risk set-ups.

Not easy today for most. Ftse finished Down -1.2 pts
but there was money to be made.
 

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Had a good morning but found the pm difficult - got caught on the triangle should have stuck to my trendlines still up on the day.
 
interesting comment
the morning was the more risky part of the day ?
the second half was all about how much the market was going to give me !

lol
 
As for am risk I think that must be applying your own system my own was straight forward apart from the sell off.

The triangle caught me out in the pm and will concentrate on the trendlines in the future. The US took it one way and then the next and I was sucked in. Fortunately I reversed a couple of times and took the hits but managed to get my losses back from the moves that followed. Thank goodness for the ability to reverse.

Today has shown me that I need to focus on the main trendlines and apply slightly different criteria when trading the shorter trend lines, however the triangle was good for resistence.

Kevin
 
this looks a nice clean chart ?

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

The chart has a nice sharp image for identifying the trend and it's changes and continuation. I would need a lower indicator for back up for early reversals but the clarity is very good.

The big question, is it available in real time like this or as I fear 15 mins delayed.

Kevin
 
Bonsai,

Nice chart - significant that the highest volume spike was at the 4085 fib failure. It's proving pretty solid resistance for the moment.

Good trading

jon
 
morning
don't know about its frequency of update. Seem to be
10 bars to the hour which is a bit odd. We will see today ?

barjon, well spotted. lets seeif it happens again today ?

the only thing about the chart is , it doesnt seem to pick up the
auction until the following day/
 
after an abc yesterday,the correction could be complete.
so this sell off may be a a fake.

if its not complete then the abc might have been an A in which case the rally is a B to be followed by a C

may be time enough to catch it on wave 2 of C.
 
Hi bonsai!

You seemed to be very active contributor!

May I ask which software do you use for your charting?
 
tech
I have my own. did spell out some of its attributes a few days ago
if you want to look back and see.

if you do a search on 'audible' it may pull it up for you ?
 
went long at 70
thinking is that the sell off was a fake
and we may now have seen leg 4 of the rally
before the next push above 4085.
 
Bonsai

With reference to the gap deal - I take it this morning would that have been both a buy and a sell as it traded either side of the gap. One view might have been to take deals from the half way point and trade accordingly. LOL

Appear to be at it again today with another triangle.

Is the cash index more liquid than futures went into www.futuresource.co.uk for the pivot figures on the FTSE and found the cash volume appeared much larger than that of the futures. When you trade do you have to deal in decimal figures. Is there generally any difference in the pricing of futures and cash in terms of the trade and or margin and contract size from your experience.

Kevin
 
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