FetteredChinos's Blog

oh well, no DOW trades this week.

and FTSE short stopped out for -40 yesterday..

FTSE has moved from 4350 to currently 4470 without a sniff of a retrace...

hmm...

see you next week.

FC

right, week 4 (?) of the trial.

apparently i made a boo-boo last week, and could have chanced a long in the 10,060 region last week, which would have made a decent profit. oh well, you live and learn..

this weeks orders are a sell at 10,307 and buying in the region of 10,083..

nice sell off on monday, so we could well have a dip to the buying level today (tuesday) before a strongish rally until thursday.

here's hoping....


FC

well we managed to pick a bottom yesterday and not end up with pooey fingers..

long triggered at 10,085 (im using spreadbets so had to adjust levels slightly to ensure i got in) missed the bottom by a whopping 10 points. oh well

then got a daddy of a bounce in a short space of time.

will be looking to take profit at 10,190 (SB prices) and look for a reversal on thursday.


looking good so far...

FC

there we go. 10,190 hit today, so another 105 in the bag after spreads.

so far on the DOW , stats are

trades : 3
wins : 2
losses: 1
Gross Points: 210
Gross Losses: -100

Net Result: +110

looks promising.

few more trades needed to validate the system though..



as per the system we are looking for a reversal on thursday perhaps. looking for the region of 10,265 for a short position.


good trading , all

FC

have decided to bring my short target down to 10,250.

reasoning that the actual short target should technically be 10,210, but we have been bullish for a while now (hence using 10,265) and i want to make sure that i get in on any reversal, rather than miss entry by a handful of points...

only one way to find out if im right, and that is to put money on the line.

orders are in, and away we go..

morning all, got filled last night,

and i dont mean on cheap curry and wine...


short from 10,250. expecting a -ve day, as ChowClown would put it.

got a bit hairy when we zipped up to 10,300, but thankfully normality has returned and as i speak, we are currently back to the entry level after the overnight activity.

targeting 10,200 for starters, but there is a possibility that we could zip down below that, and possibly below yesterdays low (10,160 ish) today (friday) . i must stress that this latter bit is speculation, and in the meantime, 10,200 is a more likely target.

FC

well if i had kept my entry as originally planned at 10,265 then the week would have ended on another +5 trade. as it was, it was a -10.

oh well, the 2nd trade of the week is always more speculative.

roll on next week. i hate bank holiday weekends

lets hope the shortened week doesnt throw the patterns out of synch.

toodle-oo

FC

right. selling dow at 10,370 levels , buying in the region of 10,150.

markets closed today though. fireworks to begin tmr.

FC