price777999
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what the hell is the FTSE100 doing its driving me nuts![Mad :mad: :mad:](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
The same as its doing for every single trader on the planet, some win and most lose.
It's simply moving up and down.
Try taking a breather.
Not for me chocolate - I don't normally daytrade so stayed flat yesterday during market hours.
However, by evening, with Dow still trading in narrow range I put in orders to buy and sell outside the range, translating this to the FTSE SB chart - a breakout in these volatile times one way or the other was highly probable - the buy was soon triggered and I made an easy 58pts net while there was some crap telly on.
imo there was only one trade to make - long at about 820am and hold till market close.
imo there was only one trade to make - long at about 820am and hold till market close.
hmmm ...maybe its just gona go sideways today.
If it seems to be going sideways then either dont trade today (or anyday)or better still, shorten your timeframe using the same indicators and see it that works, if not, change the indicators until they do.
Todays trades could have been:
08:50 to 09:14 Long for 34pts
09:16 to 10:00 Short for 40pts
10:00 to 11:18 Long for 80pts
Granted this is the best you could have done and in optimum conditions that would have been with hindsight or foresight with luck. Either way there were oportunities to be had, there still are right now and will be later on, tommorrow, the day after and the day after that ect.
From top to bottom, or todays trading range so far has been 100pts, the only people that could call that sideways are position traders who hold for many months, even they would struggle to call it sideways.
Just in case you feel the above was not possible, there were thousands of traders around the world this morning catching some easy rides, if you find it difficult to catch these, you'll find it dam near impossible to catch the trends and by the time you do, it could be on the verge of reversing.
Here are my trades so far today:
1 loss for -8pts(minus) Long
1 win for +5pts Short
1 win for +41pts Long
Won: +£255
Lost -£40
Total +£215
Screenshot to show, account number removed for security purposes.
Also, have provided a graph of those two trends.
Note: only 3 trades done, be aware that although the date at the top shows today's trades, it also shows the last 4 from yesterday afternoon.