Da.DesiTrader
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latest FTSE chart illustrating resistance
I have added another contract @ 5335 ...stop loss remains at 5350
Are you hedging your short as well?
latest FTSE chart illustrating resistance
I have added another contract @ 5335 ...stop loss remains at 5350
Are you hedging your short as well?
The market is short.. the USD is weakening.. the only data we have seen out of europe was slightly ahead of forecast.. am long DAX myself @ 5752!
ok.. gave it half hour.. lost my bottle now and will take profit here at 5757.. not sure about going short still though!
ok im out at b/e. Now market will fall.
ok im with you there. Short at 5339 with stop at 5351. Good risk reward and also a pressure to fill gap. Oil is surging due to iran drills, but may fizzle out as it has surged a lot already. Also, Eur/USD showing exhaustion. Plus a rally in USD/JPY showing some dollar strength.
Desi your argument for the short was very good, why did you not stick your analysis?
your risk reward was very good too?
why did you decide to close the trade ?
was it FEAR ?
Got to be agile in this game!.. i seem to swing from bull to bear easily.. thats why I prefer to day trade.. the market dynamic is always changing and you cant dig your heels in.Yes mate. Fear. Also, what makes you think my analysis was any good at all.
This was my analysis: Good risk reward and also a pressure to fill gap. Oil is surging due to iran drills, but may fizzle out as it has surged a lot already. Also, Eur/USD showing exhaustion. Plus a rally in USD/JPY showing some dollar strength.
The USD/JPY started declining. FTSE also showing break of upper trend line from previous 2 highs on 10M chart. Also, 60+% spreadbetters are now short. So variables kind of changed from analysis standpoint as well???
sounds like it would be worth a shot.. seeing as it's a momentum play would be in and out quickly with a tight stop loss though.. i'm out of the market for a while..will wait for homes sales number at 3.00.A break of 5356 looks tasty for a long. What do you guys think about a long at 5358. Lots of short squeeze and swing methodology entry as well?