Ftse100

This is a discussion on Ftse100 within the General Trading Chat forums, part of the Reception category; what the hell is the FTSE100 doing its driving me nuts...

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Old Oct 20, 2008, 3:35pm   #1
 
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Ftse100

what the hell is the FTSE100 doing its driving me nuts
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Old Oct 20, 2008, 3:53pm   #2
 
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The same as its doing for every single trader on the planet, some win and most lose.

It's simply moving up and down.

Try taking a breather.
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Old Oct 20, 2008, 4:52pm   #3
 
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Originally Posted by Lee Shepherd View Post
The same as its doing for every single trader on the planet, some win and most lose.

It's simply moving up and down.

Try taking a breather.
its going up .....why didnt you tell me it was gona do that
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Old Oct 20, 2008, 6:39pm   #4
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I saw there was a possibility of a short trade to catch the fall from Friday's close. And I did catch some of it but then the SB quotes reversed overnight and stopped me out for only a small gain: but that's the point - stops. Where you get in is important, but where you get out is crucial.
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Old Oct 20, 2008, 8:54pm   #5
 
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price777999 started this thread got whipsawed to hell today ...cant believe i made a profit
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Old Oct 21, 2008, 12:56am   #6
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imo there was only one trade to make - long at about 820am and hold till market close.
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Old Oct 21, 2008, 9:09am   #7
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Not for me chocolate - I don't normally daytrade so stayed flat yesterday during market hours.

However, by evening, with Dow still trading in narrow range I put in orders to buy and sell outside the range, translating this to the FTSE SB chart - a breakout in these volatile times one way or the other was highly probable - the buy was soon triggered and I made an easy 58pts net while there was some crap telly on.
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Old Oct 21, 2008, 10:44am   #8
 
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if you see weekly chart then you will note that FTSE is making correction. so i beleive that you should trade weekly basis then you will be benefited from FTSE.
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Old Oct 21, 2008, 10:49am   #9
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Originally Posted by tomorton View Post
Not for me chocolate - I don't normally daytrade so stayed flat yesterday during market hours.

However, by evening, with Dow still trading in narrow range I put in orders to buy and sell outside the range, translating this to the FTSE SB chart - a breakout in these volatile times one way or the other was highly probable - the buy was soon triggered and I made an easy 58pts net while there was some crap telly on.
Nice. From my view (as a daytrader) I saw it come down to test the highs of last weeks range and set my initial target as the high of the friday rally.

Click the image to open in full size.
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Old Oct 21, 2008, 10:50am   #10
 
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Originally Posted by chocolate13 View Post
imo there was only one trade to make - long at about 820am and hold till market close.
I see you've been a member for almost a year, so you must have read many posts and at least paper traded by now.

Are you sure this is the only trade to take, what about scalpers, position traders, swing traders ect.

Look at the graph and you'll see at least 3x 50pt retracements (aprox), therefor, if your spread is 2pts, get out at the top and get back in at the bottom(or near as you can) or just simply reverse for as much as you can (swing it).

08:20 is the bottom.

If you worked on a 10pt stop, could you wear the pain of 50+pts offside???

How many trades did you take yesterday?
How many points did you make?
How much of your account(percentage) were you trading with? (psycological reasons)


Or are you just working in hindsight???

Easy to see what to do after the event....I would have got in 08:27 and 24 seconds.

Food for thought.
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