Recent content by fraggermcg

I have the same! Unfortunately I shorted 2pips off the low of the day this morning (14946) with a wide stop so been badly burnt already. Saw a close with confirmation below 14964 which is why I entered the trade, not that it matters now!

Especially as I posted it on this thread for everyone's benefit 30mins before the event!

Durable goods at 1.30pm UK time, U of Michigan Confidence and New Homes Sales at 3pm will be the market movers today.

Check out oil

Jobs v slightly better than expectations, but prior week was revised downwards by almost as much as the beat this week. More data at 3pm.

Note these times are GMT for anyone not aware. ie key news is at 1.30pm and 3pm UK time.

I've a feeling the market is gradually reacting less and less euphorically to positive economic news. So while the jobless figures will probably surprise on the upside as usual, it could be a fairly small jump up. If that plays out, i'll be looking for a short ahead of the open for a quick gap...

US retail sales at 1.30pm. Could be a biggy.

I was sitting waiting for 4930 to be hit to go long yesterday and never got in as the IG price only reached 4930.3 at the bottom! That'll teach me...

I've got 4930 as the key support level on my chart also WS, but what do you look for to trigger the buy? ie how long does it need to stay above 4930 before the buy is triggered in your book?

I reckon it's going sideways the rest of the day. maybe fluctuating in a 10pt or so band. There's no US market to give it direction, commodity markets closed also and all the econ news is out for the day.

Google is your friend! StockCharts.com - ChartSchool - Relative Strength Index (RSI) There's also an example excel spreadsheet on there.

Sigh. How can I get over this compulsion to close trades as soon as they move into profit? Short from 4738, closed at 4730 (20MA at the time) and now look at it! Of course any time I do move the stop to b/e it immediately jumps up/down and stops me out. Seems like I can never get it right.

Strange, US$ is down, oil is down, US futures are pointing lower and still we're up 1%???

I think it's getting increasingly dangerous to try to scalp off 4500. The more times it hits that level the more likely to break through. Am waiting 4520 to go short still.