Recent content by papak

Mornig all, Short FTSE at 5165 stop 5175. Limit: 5095 for now. will see how we go if we go down hard i will move it lower

Hi WS I have 5160 -5166 as the next target. Not that I am very successful at callingthe top lately! :lol:

Well that trade didnt work. Back to the drawing board to see when markets might turn. At least up for another week.

Short SP500 from 1048. Bit of a bad entry, as I was planning to short at 1052 but didnt set order up and when i cane to desk after lunch damage was done. Still think we will turn the market today and all the way down from here.... lets see what happens...

Morning all, Im short FTSE from 5006 on Friday. My time cycle analysis tells me that Friday was the high for this year and we will make new lows in a few months time. So I am holding on to this short position and will add to it when appropriate.

shorted FTSE at 4857, exited with 10 pts profit, now short from 4860 stop 4880. Will let this run for a while see what it does. think we go down from here... Am long SP500 from 1001.3 (stop now at BE)so a nice hedge there.

Will short at 4857 even if we get there before the news. Yesterdays news wasnt great and often a precursor for NFP.

Sorry to interrupt with some trading stuff guys :cheesy: I have FTSE resistance at 4857 (50% retrace from down move) and 4864 (23% retrace from whole up move). Will sell at this region if we get there with stop at 4872. Think yesterday and today is an ABC retracement before we go further down...

Mornig all! Yesterday the markets paused as expected. Today will be crucial. Do we go up a bit more? Or do we go down? If we go down again we could go down very hard. good luck all today!

if we break yestedays lows then all hell will break lose! In that case: buckle up and hang on for the roller coaster ride !!

Thanks for positing this WS, great video! I agree with their view, major turn might be in but too early to know for sure.

Morning gents, FTSE: We should have an up day today after 3 down days. If we take out 4816 the next major resistance at 4863.

For example FTSE just bounced off 38% line from larger swing. see chart below.

Hi Splitlink, Your chart is looking at shorter timeframes. I normally combine Fib with time cycles. In the chart I showed earlier we go 2/3 days down and then we hit a fib level > good chance we bounce off it. The problem with fibs is like you say how do you know which one to take? There is not...

In the ideal world of time cycles the market should pause / retrace a bit for 1 or 2 days before going further down. I will probably stay on the sidelinest and watch price action. SP500 has retraced 61% of last upmove in 2 days! See chart. Break of 17 Aug low will mean the whole rally is over...