FTSE 100 - Live trades as part of an exercise

[Lightning McQueen]

in that case i'd better take thread off ignore :clap:

 

[Splitlink]

I beg to differ some people are born to be sold.

the unrumpled one.

Well, it is New Year's Day. I'll get insulting later!

 

[Splitlink]

in that case i'd better take thread off ignore :clap:

You were peeking!

 

[Lightning McQueen]

yes

i suppose i'd better elaborate, interested to who the avatar pic was. it's meredith whitney, a us analyst. only 2 sites carry that very pic, businessinsider and advisoranalyst.

usualy one would think a new trader would look to a trader as a hero, not an analyst. but hey it don't matter none, i got a car avatar ffs lol

 

[Lightning McQueen]

if you're going to post copy pasted stuff from t'interwebs, at least credit the source, which in this case was the sunday times.

so what was your view on that then? where's your discussion point regarding the article? or was that it? and?

 

[littleangel1982]

weak PMI data across the EU this morning

i a short euro from 1.2944

stop loss = 1.2970

tgt = 1.2918

 

[littleangel1982]

FTSE 100 is closed so I am taking a trade on the EU just for today

 

[littleangel1982]

if you're going to post copy pasted stuff from t'interwebs, at least credit the source, which in this case was the sunday times.

so what was your view on that then? where's your discussion point regarding the article? or was that it? and?

it has been deleted :clover:

 

[Lightning McQueen]

it has been deleted :clover:

so i see, you had a view on it, has that changed?

 

[littleangel1982]

so i see, you had a view on it, has that changed?

good morning

I am not interested in debate

i come in peace :clover:

 

[littleangel1982]

weak PMI data across the EU this morning

i a short euro from 1.2944

stop loss = 1.2970

tgt = 1.2918

German data better than expected = spike higher

- 26

back tomorrow

 

[Lightning McQueen]

good morning to you too.

well it is a discussion forum.

can i ask what timeframe you're trading?

 

[francisfinley]

German data better than expected = spike higher

- 26

back tomorrow

but didn't your teacher tell you not to trade before/after on the news?
or on the other hand didn't you hear news is already priced in?
could you post a chart as to why you were short at 1.2944?
were you using indicators?
You also got stopped out right on your stoploss.

the trade was a total gamble.

 

[Splitlink]

francisfinley, you are trying to trash her thread. Previously, I told her what I did not like but I don't like your posting any better.

In any case, I'm pressing that button.

 

[littleangel1982]

good morning to you too.

well it is a discussion forum.

can i ask what timeframe you're trading?

I have been taught to use 10m , 60m , 4hrs for FX trades.......

reason for short

FA argument = risk off

1. Geo politicis - Iran rest fire missile = US dollar strength
2. weak asian data overnight
3. weak PMI data from rest of EU zone
4. bearish news over weekend

TA argument = EU < 1.3 = risk off

60 mins chart for now

1. H&S formation
2. previous horizontal resistance
3. Fib resistance
4. failed bull flag = emotive move in opposite direction as bull fail to follow through
5. asian session printed low of 1.2920 hence expected a retest as no data confirmed otherwise as weak PMI's


I will now focus on my next trade

 

[littleangel1982]

The other important point here is I have been taught to watch EUR/JPY .

I have been taught to use EUR/JPY to confirm move in EUR/USD ......... EUR/JPY is stagnant and has not moved higher = EUR/USD Fake out due to thin volumes

I may short euro again soon .........

 

[littleangel1982]

EURO = risk

JPY = risk off


hence higher EUR/JPY = risk on as risk on > risk off

lower EUR/JPY = Risk off as Risk off > risk on

Hence if EUR/JPY is stagnant when bullish data comes out = warning sign

 

[jungerns]

Please keep posting and ignore the implied abuse of so called veteran members...

I for one am watching...

 

[littleangel1982]

This is how I have been taught to use intermarket analysis

I use risk FX to confirm my trades on the FTSE 100..........

When i go long ftse , it is very important that RISK FX is bullish as FTSE = commods = aussie and EURO = commod currencies

 

[littleangel1982]

Please keep posting and ignore the implied abuse of so called veteran members...

I for one am watching...

Thank you I am so happy to read that somebody has posted a positive comment for once

It has made me so happy.

thank you very much