latest analysis from my good friend Sir William,
"Neither the FTSE nor the Dax seem to be holding up well this morning, both have come off the figure now and the indication is for weakness. However, there could well be support in the Dax around 4,260, so I will not be shorting it yet for a low probability return. I'm leaving it for the day.
Kind regards,
William"
Afternoon all, what a tight day, 45 or so range, very meagre. Looking at the daily chart we are heading lower but no onne seems to be pushing. I think 2:30 may bring some assistance. 4096 is almost D/top so either a breakout or bounce off that level?
Hey Wallstreet,
Glad to see another of William's subscribers on here!! Have you read his new book yet?
Just gone short FTSE at 4086
Stop 4097.6
Limit 4040.5
KJ
Vice versa and hello to you too........!!
I have got to know William very well and he thinks I'm a crazy trader in a nice way....haha!!
keep in touch my friend, i will stay on this thread now as i like posting on here as its very active!!
keep your trades coming, it helps all the newbies on this forum!!
risky but lets try it using profit from gold .............
sell FTSE 4110 ...stop loss 4135!! target 4075!!
reasons for trade
1. fierce resistance @ 4100
2. 50 day EMA resistance
3. US home sales data will be negative and push market Down,
4. DOw is not above 8000 level therfore bearish!!
OOh, getting close to that stop loss .....but S1 pivot @ 4128 should hold if not then that is a very bullish sign!!
come on home sale come out and batter this market! haha..........
Dax isn't very strong at all, just the FTSE seems to be propelling upwards!!
risky but lets try it using profit from gold .............
sell FTSE 4110 ...stop loss 4135!! target 4075!!
reasons for trade
1. fierce resistance @ 4100
2. 50 day EMA resistance
3. US home sales data will be negative and push market Down,
4. DOw is not above 8000 level therfore bearish!!