Not a happy day for the bulls ?
Went through fib at 4105 with hardly a nod of the head
and then went on to hit previous low !
If we do not rally tomorrow then we may be looking at testing the bottom of the channel - just above 4000 .
Futures show no sign of reaching for FAIR VALUE.
Went through fib at 4105 with hardly a nod of the head
and then went on to hit previous low !
If we do not rally tomorrow then we may be looking at testing the bottom of the channel - just above 4000 .
Futures show no sign of reaching for FAIR VALUE.
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Hi Bonsai
Your comment about +63 sounds like me about a year ago. Got out of positions to early taking small profits but missing out on the overall move. I tended to come away with profits but at the end of the day the % gained against the points actually available was well down and this used to annoy me. Now I am happy to just walk away with the profit locked in. I have spent about a year trying to get round this problem and have found what works for me is to apply 2 trading strategies. I get more of the available points using D4F for the individual trends during the day and with my IB account I take the small points while I still have them which is usually from 4 - 10 pts unless the upper limit is past with ease and I have space to let the trend run even with my IB trade.
Boy,
I do not use the phone with IB but as yet have had no problems and set a stop at 5 so not much risk there. The round trip on the FTSE per contract is £3.40 and I do not think you will find it cheaper.
Kevin
Your comment about +63 sounds like me about a year ago. Got out of positions to early taking small profits but missing out on the overall move. I tended to come away with profits but at the end of the day the % gained against the points actually available was well down and this used to annoy me. Now I am happy to just walk away with the profit locked in. I have spent about a year trying to get round this problem and have found what works for me is to apply 2 trading strategies. I get more of the available points using D4F for the individual trends during the day and with my IB account I take the small points while I still have them which is usually from 4 - 10 pts unless the upper limit is past with ease and I have space to let the trend run even with my IB trade.
Boy,
I do not use the phone with IB but as yet have had no problems and set a stop at 5 so not much risk there. The round trip on the FTSE per contract is £3.40 and I do not think you will find it cheaper.
Kevin
Surely trading support/resistence levels is more logical. 4080 was a support level in the first week of June. That held initially last night and very first thing this morning but then failed around 9.30am. Saw rapid fall away. Next support level 4050 seen in last week of May. Lets see if that can hold market. If not then its a possible sharp fall away to 3930 level.
Hi boy
4219/3920 are the data points.I take the pull back to 3920 to be
the correction of the first wave in the rally from 3908
The action at this level looks weak and we have failed twice to pull back above this level. So it would be a surprise to me if it
was still in play.
But that's nothing new. I was surprised how easily we cut through 4100.
4219/3920 are the data points.I take the pull back to 3920 to be
the correction of the first wave in the rally from 3908
The action at this level looks weak and we have failed twice to pull back above this level. So it would be a surprise to me if it
was still in play.
But that's nothing new. I was surprised how easily we cut through 4100.
