Long FTSE100 @ 5939 sl @ 5899 trgt @ 6000
Mainly taken as a hedge. If it falls to my stop it should mean that the US indices will fall also to an area i would consider buying them again. If the US indices continue their rally they will drag the FTSE up with me on board.
Not my usual trade. You can tell by the EMAs still on my chart that i'm usually a trend follower but with a tight stop and a big R/R I will try to pick a top every now and again.
The small horizontal lines represent where the hourly trendline is for those 12 5minute candles.
The long horizontal lines are my targets for adding to the position.
Sure.
Sorry this chart hasnt been updated but it basically shows how the Nasdaq has pulled back into the region between the 13EMA and the 21EMA on the 4 hourly chart before shooting off on a number of occasions. These are the yellow circle. The red circles are where the price dropped all the...