FTSE 100 intraday trading - JUNE 2003

[bonsai]

ftse seems to be giving a lot of signals today ?
one of them is going to be wrong ?
anyway short at 55

 

[ChowClown]

...hmm 34ema has now crossed up through the 100 ema....

 

[bonsai]

looks like I have been whip sawed.
dont like it when it doesnt move in my direction
almost straight away.

but we'll see ?

 

[ChowClown]

..think I'll trade longs for a while.

 

[jonnyy40]

you never know your luck.

 

[ChowClown]

..DOW looks interesting, might be worth a quick short later.

 

[bonsai]

hmm
enough for me.
out -8

 

[jonnyy40]

Haven't really got hold of the DOW yet -- anyone got any tips?

 

[ChowClown]

...it's worth spending time reading Chartman's thread on the very subject and definitely worth paper trading/using v low stakes for several weeks.

Good luck!

 

[jonnyy40]

Thanks

 

[oatman]

johnny40,

Being a bigger number, the DOW tends to offer more points. I've had some small losses but I just managed to nick 40 points. When it runs there's good mileage. I should have had a bit more by continuing to lift my stop but decided to get clever and call the turn.........
I was trading Ftse with 3x3 1min. P&F but got fed up with false breaks, tight ranges. There was a good one this AM on a break of 34 the count was 58 and it made 57. Not bad, shame I was out at the time.


Good luck

 

[jonnyy40]

Oatman, that's what I was thinking,if you get one of these 100+ runs once a week,£20p.p that would do just nice.

 

[bonsai]

best of luck jonnyy - you will need it -

you should expect your equity line to look like
the himalayas. Lots of hills and deeeeep valleys !

 

[jonnyy40]

More study with Chartman methinks.

 

[bonsai]

I see ftse came all the way back and closed at 4153.

that's how it goes !

 

[bonsai]

some comments on the day
hope you all did well

 

[Agincourt]

Do any of you trade after hours on D4F ?

FTSE at 8184 at the moment !

 

[bonsai]

Agincourt
are you sure, really sure?

lol

I sometimes trade after hours but only
1-When I am on a good thing
2-When I am on a bad thing
3-When she goes out for the evening.

but I dont post any details about it as it would be meaningless
to anyone who is not following the market at that time.
especially after the futures market closes.

 

[Agincourt]

Bonsai

It may be my imagination, but it seems to me that its much easier to spot the movements. There are fewer influences at work.

 

[bonsai]

its up to you, but after futs have closed, the prices are very artificial.

but they often revert to the futures closing price so there
are some opportunities. Bit dodgy though.