Great analysis nice to see someone who is helping new traders and not just ripping them off to make a buck as we have all seen in the recent past. I had come to similar conclusions on EUR/USD rising on the DX breaking down. Obviously confirmation is needed by way off an increase in buying volume...
This site is one of the best IMHO, would also be helpful for new traders who want to learn some technical analysis, last weeks analysis of FGBL was spot on which made a good week of profitable trading
http://www.technicalanalysisreports.com
I have found the FTSE difficult to trade over the last few days I think the issue is the indexes in general are at all time highs. I never trade against the trend where ever possible and watch the S&P as a lead which seems to work using pivots for suppot and resistance. keep the faith its still...
The 1 point spread looks to be for a Dec contract not the daily cash market so it is next to useless if you trade the indexes as a day trader. the spread for the cash market is still 4 points for the dow, and 2 points for the dax ,ftse and so on.
I guess we can only hope at some point the...