swingin' the ftse

closed +1 before news, float bob er di bobed a couple of times but index holding, looking for quick + 15 before news

Update:

12 hr bar printed TD ish pin, yanks at R2 before the open, all looks very quiet but for how long

Andy

Try again short cash @36 with 1 indian

again gone very quick, looking for pullback to R2 then top of open hour range 418 and will see

Stop in to 46 hard

head BE ish @ 15:21

Hard Gone -10 @15:32

Update:

No joy today with the fishing will have to try another place further up stream next week

Mood / stance moving towards neutral entering no mans land for me.

Will still enter short with a full 3 indians intra day if we get a narrow range day early next week and its low goes somewhere around 52 sma (days) @ there already 473 Rsi 5 on 72 on my chart

Week bars breached 52 sma @ 394 Rsi 5 above its centre @ 52
Month bars regained last months low @ 394 ish and above 12 sma

well just wrote it down and changed my mind = reduce indians and enter with care

Over to Tim P&f charts sure to show up before to long

Barjons dis O peared, wheres he to

Andy AKA

Nope, but an upward move getting pretty close to the last swing high at 6465 (swing trend will change to up if it goes). The end result is another potential swing high (albeit looking rocky) today which will signal an entry below 6334 with an even more uncomfortable stoploss around 6458.

No, I don't try to jump the gun, Andy, but do sometimes wait and enter via a lower time frame the day after a signal triggers intraday (I like to see momentum in the move that rings the bell not a staggering drunk who reaches up to ring it at his last gasp ) .

godd trading

jon

Jon

Showing your experience Jon, good trading

ar well you can"t put an old head on young shoulders,

Always like to try and get one of my indians behind enemy lines before the 1st bullets fired. sort of an advance scouting party, see if I can cut the supply lines

Andy AKA

Hey its getting late, this is"nt right

Where"s my P&F chart gone

Don"t say Tim has blown his new platform up already

to busy messing about with all them new settings I guess

back to the old pen and paper then

Good weekend all

Andy AKA

Swing trade for the FTSE.

Short order in at 6475 if filled... I will add to the short at 6345....Target 6110 .

Patience Andy, patience!

If you've ever wondered what the FTSE on speed looks like, then I think you may have witnessed it this week. The title refers to the ceiling of a column of 13 bloo 'X's that the index has failed to breach since May last year. It's now achieved that goal with some style, standing at 15 strong and counting. However, it's highly unlikely to go much higher. As can be seen from the chart attached, it's at a double top at 7450 and, just two squares higher at 7500 (horizontal bloo dotted line) there is a confluence of resistance in the form of the diagonal red bearish resistance line and a string of previous highs. I'm no expert on drug abuse, but my understanding is that the higher the highs, the lower the lows, so it will be interesting to see how severe the reversal is when it comes. For the time being though, the chart has now emphatically reverted to BULLISH mode, having taken out the high of the previous column of 10 bloo 'X's at 6300.
Tim.

Hi Jon

"I like to see momentum in the move that rings the bell not a staggering drunk who reaches up to ring it at his last"

Not much follow on today just a quick pull back from PDH/ last weeks High

1 Indian only on a quick raid today, managed to blow up one supply wagon home befor brunch, left Split on his lonesome fighting on 2 flanks

14-20 ma may offer support @ 260-290 ish if low goes, averages turned up for those interested.

No jumping gun tomorrow,

I am in firmly in your camp Jon, will wait and see how that drunk does

Andy