Message For Ftse Traders......

[wallstreet1928]

Morning everyone,
good day yesterday,
inital thoughts anyone?

already posted .....look back 5-6 posts!!

looking for short opportunity.........

the market is going to fall, fall very hard today!

I will keeping my short for long term..........

I want at least 100 points out of this trade today!!

 

[wallstreet1928]

short FTSE 3520 ..........stop loss is wide on this one as I expect 100 points!!

stop loss 3570......200 MA!!

target 100 points!!

 

[Dentalfloss]

careful...nfp at 1.30 pm uk time

 

[minime69]

Morning everyone,
good day yesterday,
inital thoughts anyone?

i said yesterday...

if we have a clear break through 3534 then tgt is 3465ish.

buckle up.



for today, 3565 first tgt if we get through there then 3594 to 3613.

downside if we break 3426 then intially 3361,but if we do break 3426 then 3250 is poss.

lets see

 

[wallstreet1928]

short FTSE 3520 ..........stop loss is wide on this one as I expect 100 points!!

stop loss 3570......200 MA!!

target 100 points!!

morning guys............

I think i was guilty of an early short entry there but i just don't have time to monitor my position this morning as work is very busy ...........hence early as 3535-3540 would have been ideal!!

ooooh la la............

anyway who cares the market is going down regardless..........

 

[keithh]

interesting to see how it works out.

routing for you on your short WS, may the charts be with you

I took a long at 3521 with a stop at 3512 as I was expecting a spike, moved the stop quickly and stopped out for+10 now waiting to see

WS's 3520 looking good

 

[wallstreet1928]

careful...nfp at 1.30 pm uk time

hahaha................

that is the catalyst my friend

IT shall absolutely annihilate this market!!

 

[wallstreet1928]

interesting to see how it works out.

routing for you on your short WS, may the charts be with you

I took a long at 3521 with a stop at 3512 as I was expecting a spike, moved the stop quickly and stopped out for+10 now waiting to see

WS's 3520 looking good

not really i should have waited just 5 mins more...

I'm busy at work this morning...still doing a 9-5...cant wait to trade full time guys!!

 

[tennisball]

You are quite right! My trouble is that I find you so enjoyable to read that it is a distraction. You go ahead and do your thing.

All the best

Split

Come on Split - I crave your insight!

 

[tennisball]

morning gentlemen - so whats the plan for today eh? things going south? I was out with some hedge fund buddies last night - the outlook is grim indeed

 

[wallstreet1928]

short FTSE 3520 ..........stop loss is wide on this one as I expect 100 points!!

stop loss 3570......200 MA!!

target 100 points!!

I have shorted again @ 3552...............stop loss 3572!!

don't try this at home people.........

I am a crazy trader.....as Sir William says!!

I have made a lot of profit this week so i can afford to do so.........!!

 

[Chelski]

I have shorted again @ 3552...............stop loss 3572!!

don't try this at home people.........

I am a crazy trader.....as Sir William says!!

I have made a lot of profit this week so i can afford to do so.........!!

Are you following in TomTom's methadology?

 

[wallstreet1928]

I have shorted again @ 3552...............stop loss 3572!!

don't try this at home people.........

I am a crazy trader.....as Sir William says!!

I have made a lot of profit this week so i can afford to do so.........!!

this is some crazy move upwards............hmmm!!

OK........lets account for that!!

I am currently down over 50 points!!

I am going to move my stop loss to 3720........

and I have sold more at 3662............stop loss 3720!!

I have a total of 5 contracts short @ average of 3645

lets see how this unfolds........

 

[Chelski]

this is some crazy move upwards............hmmm!!

OK........lets account for that!!

I am currently down over 50 points!!

I am going to move my stop loss to 3720........

and I have sold more at 3662............stop loss 3720!!

I have a total of 5 contracts short @ average of 3645

lets see how this unfolds........

3570 is the .5 fib level from yesterday, and 3580 the .5 fib from Wednesdays small rally. If they hold we could be short.

 

[wallstreet1928]

Are you following in TomTom's methadology?

haha............

no my friend..........

I made over £400 yesterday when i shouldn't really have been trading...........on my S&P long , FTSE long and RIO long!! barclays failed and hit stop loss yesterday!!

So I am going to risk that on this trade!!

average of 3645/50...

stop loss 3720!!

5 contracts times 70 points = £350 (still keep my £50+ profit from yesterday)

now lets have some fun guys........

lets keep this thread exciting..........

I shouldn't be doing this as its a grave sin in my book and every TA's book!!

but its not my capital, its my profit when i shouldn't have been trading!!

 

[Chelski]

haha............

no my friend..........

I made over £400 yesterday when i shouldn't really have been trading...........on my S&P long , FTSE long and RIO long!! barclays failed and hit stop loss yesterday!!

So I am going to risk that on this trade!!

average of 3645/50...

stop loss 3720!!

5 contracts times 70 points = £350 (still keep my £50 profit from yesterday)

now lets have some fun guys........

lets keep this thread exciting..........

I shouldn't be doing this as its a grave sin in my book and every TA's book!!

but its not my capital, its my profit when i shouldn't have been trading!!

like your style, alot to be said for using winnings or greater % of for stake, if it is a measured trade you can soon make big money. Hey, if this comes off how about yesterday and todays on the next one? That will get the heart pumping.

 

[minime69]

looks like we are heading for my first tgt of 3565 as mentioned earlier

 

[wallstreet1928]

like your style, alot to be said for using winnings or greater % of for stake, if it is a measured trade you can soon make big money. Hey, if this comes off how about yesterday and todays on the next one? That will get the heart pumping.

I honestly prefer to loose on this trade my friend as it will be a good spiritual lesson for me........

not to mention instil discipline within me and teach all the newbies that one should never attempt to do this except with profit they have made and are willing to wave goodbye to it......

I have measured my risk and I know the reward also..........

I will now walk away and let the computer do everything......

 

[wallstreet1928]

now the strange thing with this rise guys is that the US markets are stagnant!!

hence the reason why i have no faith in this rally

S&P - hasn't gone over 690 with conviction once!! if it went to 695 and above then i would have cut my losses and moved onto next trade!!

my only concern is that the FTSE could retest 3600 level and we may be seeing a divergence ......

but lets see what happens!!

 

[tennisball]

looks like we are heading for my first tgt of 3565 as mentioned earlier

I'm staying out of this one. Might short R1 if it gets up there though.