Thanks for that WS
Wallstreet1928 Analysis & live calls on FTSE,DAX,S&P...aimed to help New traders
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Thanks for that WS
SuddenDeath
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Its interesting watching what other correlated things are doing, ie. currencies, stocks, oil - really does feed into an idea of direction.
Still think 4215 looks achievable - feeling more inclined to take a long as things look a bit more stable, will wait for signal though.
SD, why did you think there was a positive outlook for FTSE today? Just trying to understand your reasoning - you're usually not far off - but my analysis today was totally at the other end of the spectrum.
Were you thinking stops and long orders would have gathered since mid Apr to drive this up?
sujithsstorock
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ftse 100 monthly chart drawn last month. so far going perfectly.
Be careful here mate, Its fell a long way, not sure about the RR with this now.
sujithsstorock
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buy ftse 100 daily now at 4190 sl 4175 tgt 4210-4270
SuddenDeath
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Lapalabra, it is still early, my put is only 14 pts away ....
break even, I can even use the call to sell ftse and will have hedge at 4200, my reasoning, changed from my first to the second post this morning, after seeing copper and crude prices. I still feel we will not close too badly at worse maybe minus 20pts, I think this because Friday was such a bad day and it is difficult to close below that bad day. I can still sell 4190 call for 14 and recoup the cost of the 4200 call, providing we close below 4190.
break even, I can even use the call to sell ftse and will have hedge at 4200, my reasoning, changed from my first to the second post this morning, after seeing copper and crude prices. I still feel we will not close too badly at worse maybe minus 20pts, I think this because Friday was such a bad day and it is difficult to close below that bad day. I can still sell 4190 call for 14 and recoup the cost of the 4200 call, providing we close below 4190.
dr.blix
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closed for - 1pt, i've got bullish osc dive, but also res...i'll wait for the res to be broken before opening another long
You're absolutely right mate...I'm just a tad gutted not getting my levels this morning, but it was a strong move and best to wait out this period.
DB, cmon. Stop it. If you're learning this like me, you should realise by now getting involved around these sideways periods isn't worth the risk.
Stay out and take some profit when a move breaks, leave those chart patts for now - they shapeshift in these periods and bounce you around. You can jump in and get lucky or wait for real signals and trade the probabilities confidently.
EDIT: I find it funny how I've just basically passed on the same advice in a different form given to me by Minch only moments ago. jeez, this trading thing throws up smoke and mirrors.
i agree, wipsaw heaven at moment, im waiting for a good level I will be long at 4170 if it can get there might be tempted at 4180
Ah ok SD, I'm still trying to get my head around this strategy you've got - really interesting.
But Friday wasn't too bad? We closed 10pts down on the day. You mean Thurs?
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