FTSE 100 Intraday Trading - October

[Lambchops]

Feels like trading at lunchtime. Gap filled +9

 

[Wideboy]

Theres the reversal as expected.

 

[Wideboy]

Europe turning red

 

[Wideboy]

Is the the turning point from this huge rally over the last few days?

 

[hungrybear]

Mully,

I'm interested in what you said about the open auction and the implications, as well as the opening trading range. I haven't considered any of this before - would you mind explaining it in more detail.

TIA

HB

 

[mully]

hungrybear:
Market Profile
"Mind over Markets" James Dalton, Eric Jones & Robert Dalton

 

[lockstock]

looks like another tool to add to our armoury. :idea:

R2 4,397
R1 4,379
P 4, 344 **** Just below at 9.21am
S1 4,327
S2 4292

 

[lockstock]

Mully,

Anywhere you can view market profile in written form for previous days trading .

Are you also saying, looking at yesterdays's chart for the Ukx, we are back to yesterday's value area?

 

[Lambchops]

A lot of support around 4340 yesterday. Might bounce upwards?

 

[Wideboy]

Looks weak imho

 

[Pete Hannan]

I'm expecting some support at this 4340 line, as there was yesterday. We were testing the 1hr ema as the poor ZEW figure came out of Germany.

 

[mully]

Lambchops

Yes, back into the value area of yesterday. The point of control being around 4340

 

[Pete Hannan]

The Renko has me short from 4366. Some way off the high, but a good signal nevertheless.

 

[Wideboy]

Watch 10:30-40, this time often sparks reversals.

 

[Pete Hannan]

D4F keep offering 4339. A chance to close short and go long below the support.
T E M P T I N G !!!

 

[mully]

Lampchops:
The thread you want is entitled "Market Efficiency"

 

[Wideboy]

Not sure I would long in this market, just my humble opinion though.

 

[jonnyy40]

Who/What is Renko?(Apart from the name of every tough New York Cop)

 

[Pete Hannan]

Renko intro:
http://www.equis.com/Education/TAAZ/?page=101

 

[GeckoTime]

Pete - I just finished reading the same article as I too was wondering what a Renko chart is and how it works! Think that article is quite good..