FTSE 100 intraday trading - JUNE 2003

[kevin546]

Bonsai

If you think it through when you place lines against certain lows or tops they will at some stage produce a corresponding relationship because I suspect it all falls in line with Elliot Waves.

A bit deep for a weekend.


Kevin

 

[bonsai]

now there is a thought.

its worth you giving it some more thought.

but dont let the market makers hear you thinking aloud.

 

[kevin546]

Bonsai

As you may have gathered your 'Resistence lines' work in the opposite set-up but I assume you already knew that.

While I understand the basic concept of EW, trying to work out where we are is really guess work for me unless I am looking at something like a 5 - 10 year chart. Clearly your 'Resistence lines and the Fan Principle do link with EW' and is a worthwhile tool and the most important part it is simple to use.

Have a good weekend

Kevin

 

[bonsai]

morning all
good old ftse ?
opening gap down into pre-existing gap !
but at least it has gone where I suggested it might.

 

[FTSEBOY]

Opening of JUN03 FTSE

Anyone know what the OPEN was on the FTSE as I am still trying to set up my datasource?
FTSEBOY

 

[bonsai]

that's a tricky question these days.
there is no longer an 'open' as such unfortunately.
I usually take a reading at 8.02 .

 

[jonnyy40]

wonder if we'll be stuck around 140 +/-15 for the next 3 hours?

 

[bonsai]

now short
managed to get 37
but may not hold for very long

 

[jonnyy40]

I'm not betting - but I did manage to get the chart to auto refresh, so I can follow the action.

 

[bonsai]

jonnyy
I may have started this thread but it is for
everybody to talk to everybody.

and the more the better if we are all trading ftse ?

 

[bonsai]

taken 28 for +9

always a chance of a higher low
in these situations

 

[jonnyy40]

very quiet

 

[bonsai]

jonnyy
lol

not much to go on ? if you are asking for help.
just tested mine and they are ok
so may be just a temp thing.

maybe you have more than one window trying to refresh at the same time ?

 

[jonnyy40]

Yes, ok now.

 

[bonsai]

could be jonnyy

but I fancy an attempt on the gain line first ?

 

[jonnyy40]

Just seen that i've made 88 postings -- soon be a senior member? and able to send trusting newcomers down exactly the wrong track -- lovely.

 

[bonsai]

89 now

and that's no fib !!!!

 

[jonnyy40]

bounce?

 

[jonnyy40]

breakout ?

 

[bonsai]

high 4177
low 4075

50% 4126

?