Message For Ftse Traders......

[Dentalfloss]

morning all
a triangle forming .range 4500-4600
no clues as to breakout direction
anybody got any clues.?

 

[minime69]

sold ftse futs @ 4561, looking for a break to yesterdays close and then some.

 

[minime69]

sold the ftse futs again @ 4550

 

[jdphil]

which contract are you shorting minime69? also short jan contract at 4577

 

[minime69]

i only trade the ftse futures so H9, i bought back half @ 4540, 20 tick pofit and the other half got stopped out @ 4543.5, my system has tight stops.

 

[minime69]

i should have gone long when i got stopped out @ 4543.5, but will leave alone for a while.

 

[Dentalfloss]

no clear direction as yet

 

[Splitlink]

I did not catch the first fall but decided to short at 0845 4582. Now reaching some support. If I think that it will break I may add to stake.

 

[minime69]

have gone short again @ 4531.5

 

[minime69]

O dear, broke a key rule and pulled my stop, sold again @ 4551.5 as i have VWAP MA there.

 

[minime69]

stopped out 4557 and reversed....think is wrong posy but must follow system.

 

[minime69]

bought again @ 4560

 

[minime69]

bought again @ 4571

 

[Splitlink]

Stopped at 4592 -10

I must say that scalpng has its advantages. I could have taken 12 points profit, but didn't

 

[minime69]

sold all out @ 4565

 

[Dentalfloss]

has anybody made anything today.?
i have not traded as yet.i wait for consecutive signals.keeps me out of the chop
you trade less often,but it certainly cuts down on the losses

 

[wallstreet1928]

this market is crazy............who the hell is buying into it!!

retails sales fall 7% like to like on the prev year........

anyway long ftse 4605 , stop loss 4590

 

[wallstreet1928]

target 4620-4630

 

[Dentalfloss]

watch this false breakout.
to go short

 

[minime69]

gone long @ 4578.5, looking for 20 point move up