UK-T(raider)
Junior member
- Messages
- 21
- Likes
- 0
You all thinking it is going to drop? I was going in 5 per long on Monday morning 0:00, not a good idea you reckon?
my only concern about any long or even short positions at this time are that the ftse is at a critical position and there ar no real clues as to which direction it will take.admittedly we are in a bullish zone.ie above 4400,but thereis a mismatch.the dow,which is more influential is lagging in its bullishness and this could drag the ftse down .the long at 4430 should have the stop below the 4400 level.this stop could be triggered in an erratic first hour of trading on monday morning..the dow plunged nearly 100 points in the last hour of trading.approx 1%.whereas the ftse bounced off the 4430 support in the last hour of trading
i just think it is the time to stand back and let the market tell you where it is going to go.too easy to get it wrong
more time in the pub for me .this week.waiting foor things to unravel
a shorter term chart.it looks pretty bearish.admittedly 4400 is a support area.it was tested shortly on the way up and just recently on thurs jan 8th.5min data,5 point box size,hilo data,3 box reversal
there is a downside vertical count of 4250 from the last big thrust down from the 4530 region..this could take us down into no mans land again.a decent break below 4200 makes it very bearish.above 4400 then bullish.looks like another bearish indecisive week
does anybody know of anything that will stimulate this index to give us a decent move.?
just to recap.there is no clear direction for monday.need to see where the ftse finds support at the open.as far as i can see there are no big earnings numbers in the us due,nor any big economic news
if any body knows any then please lt us all know
if any body knows any then please lt us all know
im stuck long at 2 day support at 4430!!
hoping for a gap up and close immediately........stop loss at 4400!!
hey guys - just found this forum!
Im short on FTSE at 4434 and leaking water.....hoping for a rebound.