I took the very patient approach yesterday and did me will to 70points up on the day then lost 40points started trading too much again. I stopped after that 30points up fir the day.
Just took 15 points on a long trade.
Bloodhound
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There's a moral in there ;-)
Don't take this as gospel but the less I trade the more I make
I know!!
How did you trading go yesterday?
Any analysis on today's FTSE rob?
I think I might be looking at a possible short here but going to wait for another one or two bars depending how it forms on the 5min.
Good for you!! I'm not a scalper. I am on my 2nd short trade, now. There is an opportunity for everyone's style and point of view.
Bloodhound
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Too early to say I'm afraid. I only read what the charts tell me and they're not being very communicative so far. Best wait till after 10am when we might see some action one way or the other......
Yesterday was OK - very annoyed I pulled out of my short so early on but I was on the phone and had other stuff to get on with. A bit of patience and it would have been 100 points.......
wallstreet1928
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I am currently contemplating another short in RIO......
ideal short entry around 1885-1895.........
my FTSe analysis will give me the perfect entry
stopped out -10
wallstreet1928
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here is my analysis from the morning
long off the support level gave me nice 20 points.....
wallstreet1928
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OK guys there is a slight problem with my analysis........which has prevented me from shorting at 3870!!
I have US markets projected to go up further
S&P to 765............and then i will be shorting from there!!
which means it will drag up the UK market as well
I think we could test 200 EMA, 3925/3930
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