Message For Ftse Traders......

sorry for the frequency of my post's, i have a system that i follow, sometime i can post and sometimes i cant, i have back tested the system and it makes money, but when i take a view on the market and dont follow the system i always loose money.
 
kitejedi...i read the first 5 pages of james 16 thread on forexfactory.
bottom line: is it about pin pointing reversals on bar charts
i could not see anything else of relevance.if there was let me know
 
back in again and short @ 4057.5..........

i know i know, i should not have bought back my original shorts!
 
That was my reading too, the pins and double lows/high was pretty straightforward, but I'm still confused over what the right period is to set the fib levels over to check for confluence.

Welcome all by the way, long time lurker first time poster!
 
i'm lookin for a clear break of 4055 and then down to 4030

added to my new shorts, sold @ 4054
 
trend chart or today.going down,no sign of reversal as yet
tick data..4 point box size.3 reversal.ie 12 pts to change columns
 

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kitejedi...i read the first 5 pages of james 16 thread on forexfactory.
bottom line: is it about pin pointing reversals on bar charts
i could not see anything else of relevance.if there was let me know

:) TD was slow to get cracking, too. It took him about 9 pages to decide what instrument to use. That is the trouble with them, they are so popular that one does not want to lose anything, but thery have an awful lot of chat in them.

Split
 
This is just a bounce. Expect this lower in the next 10-15 mins or so

Im in at 4082.5


Stop loss too tight.

Now at 4070
 
RPI MOM up 0.1% vs expectations of 0%. Shrugged off by the FTSE but look at GBPUSD.

Support at 4070 on the FTSE forming? Just been burnt twice trying to call it long though, with a stop too close to that level.
 
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