london_lad
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Based on my analysis (not worth much), the top is at 5500
I am short FTSE 5164 ..stop loss 5180
target 5138
target hit
26 points profit
I am short usd/yen 91.31 ...stop loss 91.61
target 91 .......
BP reached it's resistance level at or around 550-555 level .............which coincides with oil reaching resistance @ 72.7 ( I am shorting oil at present target 72.2 )
Barclays reached resistance ................390 is crucial resistance level
Marks and sparks showing signs of exhaustion @ 375
my market leading stocks showing signs of topping
I am short usd/yen 91.31 ...stop loss 91.61
target 91 .......
The resaon why i shorted was the same reason as before lonlad
Thanks for the advice. Looking at the chart I see 9780 as a support level, so i will move my stop there. These trade dont come along often, so i want to take full advantage of it. I am out most of today, so i will just have to keep my fingers crossed. Not very technical i know.
The last hour of trading might be interesting in the US tonite
If we start to get a big sell-off from 19:45 our time then this could be a sign the 'fast money' is moving out. Just a hunch.
Well sods law, as i was out my stop was hit and then it rallied straight after. Sod it. I shouldnt complain as if I could do a trade like that everyday i would be very happy. i also missed a new entry point on the same priciple that i traded yesterday at 2.15pm. never mind, a new opportunity will come again.