Message For Ftse Traders......

[Dentalfloss]

ftse is being resilient,considering the dow is 2% off its high.we watch to see if 8650 aand 8600 hold.i think this will dictate the ftse for the short term

 

[wallstreet1928]

very true indeed..........

summed up nicely

 

[wallstreet1928]

OK I'm short people as it seams to have run out of steam.......especially with the DAX pulling back as well!!

short at 4252 ...stop loss 4270!! target 4240, infinity and beyond.........haha!!

 

[wallstreet1928]

FTSE has been trying to get past the elusive 4450 region but failing each time.......lets hope it pays off handsomely !!

we could go back to 4400 before really bounce......

 

[wallstreet1928]

sorry: stop loss 4270

 

[wallstreet1928]

just to clarify on my analysis

Timeframe = 5 min chart

indicators
MACD - negative cross over
RSI- overbought
stochastic - on way down after hitting 80

 

[vinicius]

OK I'm short people as it seams to have run out of steam.......especially with the DAX pulling back as well!!

short at 4252 ...stop loss 4270!! target 4240, infinity and beyond.........haha!!

R:R 2X1?

 

[wallstreet1928]

im sleeping mate................

i meant to say short at

4452 ...stop loss 4470!!

bit it isn't looking good............

 

[wallstreet1928]

got in too early.........but im still confident it will pay dividends as FTSE struggled to get past 4460 region!!

 

[wallstreet1928]

oil price is on its way down so that should help a bit as well.........banking sector is relatively weak, but its the mining stocks that is igniting the FTSE?

 

[vinicius]

Hope you are right, but IMO the break even of 4450 means bullish.. I was long at 4457 but was stopped, got in too early.. But still think the price will hit 4500!

 

[Dentalfloss]

forgot to mention
there is a downside count from the coumn of "O" at the top.8630 area for the dow
this is from the chart i have just posted

 

[wallstreet1928]

added to short position at 4464 stop loss 4470!!

thanks for your advice Vinicius.......I'll be happy with a small profit on this!!

 

[wallstreet1928]

yes i agree with you on hitting 4500, but i don't believe it will be done today?

 

[vinicius]

added to short position at 4464 stop loss 4470!!

thanks for your advice Vinicius.......I'll be happy with a small profit on this!!

Not an advice mate, I`m far from there.. Anyway.. I`m current lookink at 1 hour T/F..
What about you?

 

[wallstreet1928]

its just stuck around that 4460 region, it doesnt know what to do ?

 

[wallstreet1928]

arrgh....I came upstairs after I had some Bible preachers at the door and I'm stopped out!!

lost my profit for the morning, break even now!!

i look at 3 time frames predominantly as day trader,

1 week 30 min chart - asses overall trend

2 days 15 min chart - gist of short term trend

1 day 5/10 min chart!! - used for timing of exit and entry

but as you can see very unsucsesful this morning!!

 

[Splitlink]

On my first two trades I made short +4.7; short -8 then changed to long and am still open +5.5.

Net on three trades, so far , +2.2 points

I'm not going to say that it is looking better because my luck never runs like that....

 

[Dentalfloss]

dow futures bounced to 8770 area

 

[Dentalfloss]

wallstreet...what confirmation did u take to go short.?