Message For Ftse Traders......

[Splitlink]

I did not realise that Barça would make such an impact on the London marlet this morning. It means that Manchester will lose the Champions, now.

 

[Splitlink]

Closed at 4448. What a pity.

 

[lapalabra]

0846 Short FT rolling 4458.3

lapalabra, I anticipated this one. I just could not resist! Let's see what happens next

Split, I am confused.

Everything points to this pullback as an entry point for a long, not as a shorting opportunity - you are flying in the face of a trend on every timeframe, something you told me never to do.

I had exited my long already from 8.05am for +22, and used the pullback to the 24 as a re-entry @ 4446 and closed for +10.

I am only buying pullbacks as this trend is clear and strong - I don't understand the short?

 

[Splitlink]

You are quite right and I am wrong. Don't change or we'll both be in a pickle. Actually, I anticipated an overbought position and got out by the skin of my teeth.

 

[lapalabra]

You are quite right and I am wrong. Don't change or we'll both be in a pickle. Actually, I anticipated an overbought position and got out by the skin of my teeth.

OK- was just confused as I am supposed to be the impulsive ill-disciplined one in this relationship!

And I see what you mean by overbought now, yes

 

[Splitlink]

I "thought" I'd get clever and short ahead of the coming xover that did not happen. No harm done except that I am not in the happy position that you are enjoying.

Now, I'm waiting for the xover on the sidelines.

 

[SuddenDeath]

How many days has the market been overbought ?

 

[lapalabra]

How many days has the market been overbought ?

According to just about every indicator, every TF....too many

 

[lapalabra]

I "thought" I'd get clever and short ahead of the coming xover that did not happen. No harm done except that I am not in the happy position that you are enjoying.

Now, I'm waiting for the xover on the sidelines.

OK no harm done, thats the important thing.

Not waiting for xovers- that happened at 8am this morning, the trend is clear now I think....at least for now I should say!

Missed the last pullback @ 9.30, but the 11 Dec/Jan 4 highs of 4460 is providing a nice support to this....if that is confirmed I'll go long from there with a target of the big bad 4520.

 

[lapalabra]

OK no harm done, thats the important thing.

Not waiting for xovers- that happened at 8am this morning, the trend is clear now I think....at least for now I should say!

Missed the last pullback @ 9.30, but the 11 Dec/Jan 4 highs of 4460 is providing a nice support to this....if that is confirmed I'll go long from there with a target of the big bad 4520.

4467 was the best I could get - bailed out before 4520 @ 4488 (pivot R1) for +21.

Really should have ridden this one all the way, its clearly got 4520 in its sights...

Ah well...

 

[Splitlink]

4467 was the best I could get - bailed out before 4520 @ 4488 (pivot R1) for +21.

Really should have ridden this one all the way, its clearly got 4520 in its sights...

Ah well...

What the hell has got into me to-day, then?

Just about scraped a profit. I think I'd better sign off.

Very pleased for you, Chris, and will be back in the morning.

Split

 

[lapalabra]

What the hell has got into me to-day, then?

Just about scraped a profit. I think I'd better sign off.

Very pleased for you, Chris, and will be back in the morning.

Split

Hey, I deserved a good day after the last couple of days!

You finished in the black - all good.

See you in the morn.

 

[dunx7777]

Hi guys whats the general view here are most people short or ridding the trend short from today and expecting a sell off but will it ever come!

 

[HaloTrader]

Hi guys whats the general view here are most people short or ridding the trend short from today and expecting a sell off but will it ever come!

My view is that i don't have a view (Oxymoron) and rather i wait for a setup to appear and trade it.

 

[newward]

the BofE left rates on hold.. ECB rates go down as expected, do we expect the FTSE to go down?

 

[Splitlink]

Hi guys whats the general view here are most people short or ridding the trend short from today and expecting a sell off but will it ever come!

I'm waiting until tomorrow to see how it starts. Today. for me, is done, now.

 

[francisfinley]

4467 was the best I could get - bailed out before 4520 @ 4488 (pivot R1) for +21.

Really should have ridden this one all the way, its clearly got 4520 in its sights...

Ah well...

Nice thoughts lapa!

 

[lapalabra]

Nice thoughts lapa!

I was out of the market at the time - did you do as you advised on your blog and open your shorts over 4520, Francis? I see the shadows on the 5M that it made it over a couple of times.

 

[francisfinley]

I was out of the market at the time - did you do as you advised on your blog and open your shorts over 4520, Francis? I see the shadows on the 5M that it made it over a couple of times.

yep.

im on twitter so posted it reaaaal time man.

 

[madoff]

yep.

im on twitter so posted it reaaaal time man.

Do you think the fall from 4520 is a short pull back or a reversal for days/weeks? (apparently today is a turn date)

Do you have a target for downside?