Day Trading & Forex Forum

spanish89

IF YOU JUST WANT TO QUICKLY FINDOUT THE LATEST PREDICTION FOR THE NEXT DAY OF THE FTSE 100 THEN PLEASE JUST SKIP STRAIGHT TO THE LAST POST BY CLICKING THE LAST PAGE TAB!!


(And if you and helful and generous enough could please bookmark this page into your favourites, and so then come back here and post in this topic between 5 - 8pm every evening whether you think that on the next day of trading the FTSE 100 will be lower or higher at 12pm than its opening value??
And by roughly how may points??


Aloha people.
Ok im not an expert on the stock market or anything like that, i have only been trading consistently for 2months now, and due to a few foolish bets im down about -£150total, having lost about £400 total, but then earnt back £250.



I only use the BetOnMarkets and BinaryBets trading platforms, and i usually now only focus on the Ftse 100, although sometimes the Dow if its clear its going to crash.


1.On BetOnMarkets i normally use the 'Double touch' for 10days, Super double in the early/mid morning if i feel that the market will fall till atleast 11, and sometimes 1touch+combined with a no touch) moderately higher or lower than the touch value i set), but not so far that i wouldn't make juicy enough profit if the market didnt touch my 1touch, so i would still atleast win the no touch.


2.On the Binaries platform i now only really trade on the Ftse (Next day 12pm value).

The main stratergy i use is that 'The last 2 1/2 hours of the Dow the previous day, will be almost identical to the 1st 2 1/2 of the Ftse the next day.
(Go to the Ftse 5days chart on yahoo stocks, compare it to the Dow, and you can see clearly see this pattern).

However this leaves me with a big problem as how to know if the Ftse will remain below or above that barrier after about 11am until 12, and so i dont know whether i should just sell it for as much profit as possible between 10.30 and 11, or if i should wait it out...
(Especially when i cant be at home infront of laptop screen to monitor and sell in emergency!!)



So in this topic please can everyone who's happy to share their tips like i have say the main websites that they use for ''pre-market news'' on the Ftse the evening before??

OR

More importantly can you simply reply to this topic with just 1 sentence saying:
Whether you think that on the next day of trading the FTSE 100 will be lower or higher at 12pm than its opening value??
And by roughly how may points??



(And if you and helful and generous enough could please bookmark this page into your favourites, and so then come back here and post in this topic between 5 - 8pm every evening whether you think that on the next day of trading the FTSE 100 will be lower or higher at 12pm than its opening value??
And by roughly how may points??


Thanks

tomorton

I find this a difficult timescale to work as different mechanics are at work at different times on the FTSE.

I find it quite simple to predict the early action of the FTSE based on the divergence that develops after the FTSE close at 1630. It usually tries to perform a straightforward re-adjustment to return to its relative value to the Dow. But sometimes it achieves this within minutes of the open at 8. If I miss this for a manual close I set a stop-loss to catch a reasonable move and find this usually gets me out by 10. I find I cannot accurately predict FTSE price action for the next trading day for the hours after the catch-up action has completed. I do sometimes trade later into the day on the FTSE using pre-set buy or sell orders but normally only by placing both buy and sell orders and hoping for one or other to be hit, but this is crude.

Longer-term, I use swing charting and this is accurate enough over 3-10 days but not reliable for intra-day trades.

Splitlink

This cannot be done the previous day. I have been following "Swinging Footsie" since the beginning and, like all forecasts, there are lots of ifs and buts. These, as tomorton says, sort themselves into a trend over a few days, but to tell how the index is going to trade the next day is based on opinionated, not factual, evidence.

Many times the index will do one thing in the morning and reverse in the afternoon. Only by trading at the time is it possible to make a profit intra day.

Split

arabianights

I can tell you exactly where it will be tomorrow.

On Monday my guess is about 70 points down at noon and 100 up at close. However my track record with these predictions is no better than chance and you would be a fool to wager money based on my opinion.

shadowninja

Is it at all possible to place bets on the general (up/down) direction at the end of the day and generally get it right if you swing trade?

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grantx

Low around 5650, close around 5750.

How do I know - I "know" people.

Grant.

Splitlink

It could gap up 100 points, go down 80 and, still be up on the previous day's close so, if you entered first thing, you would lose money.

Crap Buddist

Good job the thread starter wasnt born in 1969, that could of got the tongues wagging even faster good lord....

ohhh going down for lunch on monday.

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