FTSE100 Intraday Trading - September 03

[jonnyy40]

I'm long,so must be hoping for a bounce?

 

[bonsai]

jonnyy
certainly trying to make a floor - or waiting for something ?
may not go up again unless S&P futs can get above its gain line.?

Peter
If we do go up, that may complete the wave 4 sequence of a/b/c

 

[jonnyy40]

Just out for a modest profit.May get back in if it does what I want.

 

[bonsai]

does look to be having another crack at that gap

of course, it could always be something a lot stronger ?

 

[neil]

Bonsai
Why do you trade FTSE as opposed to US or European (Non UK) Indicies?

 

[Mr Peter]

Bonsai - thanks and agreed; I 've it closing out at about 48 and dipping back to 200 - what do you think

regards
peter

 

[bonsai]

neil
I like to knock off about 5 pm

Pete
58 would be nicer and make it more clear cut
but ......

moving into overbought area now.

 

[barjon]

afternoon

all those juicy points since Friday am and I managed just a
meagre 27 of them (with some still running today) - just shows
you can't make fleeting visits to the screen while occupied
elsewhere.

 

[jonnyy40]

I've got Rolph Harris Syndrome - 'Can you see what it is yet?' and jump the gun.I'm normally proved 'right' in the end but loose points by jumping too early. (27 points x 2 contracts = £540).

 

[bonsai]

a lot of red suddenly flahed on my d4f screen

?

 

[bonsai]

jonnyy
now you see it, now you don't ?
lol

I feel the market has left us in no man's land this evening.
but it sure had a sting in its tail in the auction.

I traded the gap fill, missed the sell off.
bought the recovery which ran for the rest of the day only to lose
most of those points in the late sell off.

pity but nice to see the volatility. Hope it stays.

 

[jonnyy40]

Looking elsewhere for clues,I'd say it's upish today.

 

[jonnyy40]

Anyone any ideas?We may just suck onto 50 I suppose.

 

[bonsai]

sorry jonnyy
been elsewhere

we may have seen the end of wave 4 this morning.
just waiting for a retest of the high to see what happens.

 

[barjon]

johnnyy

ideas? - it'll go up or down! AVZ thinks there's more to it, I'm still
hanging in for a bit. You won't have had your 2 bars on the
wrong side yet?

jon

 

[jonnyy40]

I'm still trying to pick every last point and that means panic exits also.I'm seriously considering contacting another local trader with the idea of putting a system together.I'm not kidding when I claim to be a good chart reader but being new to things (and maybe not as intellectual as some) It's putting it into practice.(I just made £50 whilst writing this and panic exited!)

 

[bonsai]

sounds like you really need a system you are comfortable with
so you can follow the market and not the money ?

wish I could help but its a very personal issue.

 

[barjon]

that'll have to do - off to golf

ttfn all

good trading

 

[jonnyy40]

Anyone else think this is going to resolve up?

 

[bonsai]

don't know jonnyy
I never do
but I am long at the moment.
we will just have to wait and see.