Recent content by StephenMcCreedy

today shows how important an open mind is when trading short time scales. the market climbed above my medium term bands (444/600 on the 5 min) and there was a good 30 points to be had following the market higher. when it was above all the bands and making new highs for the day. i missed this...

looks like this downward trend line is doing it's job this morning. for now at least it's capping the upside but there seems little appetite right now for selling it below 5800.

the trend must be our friend and that trend is firmly down in the short term. i can't help but have the feeling these falls are going to snap back on some rumour or other sooner or later and climb very quickly catching lazy bears out. on the chart we're below my medium term bands (i've added...

well i went to the driving range. came back with a sell stop at 5800 and got 5 more points. will take a look this afternoon but what i tend to do is cut my size once i have my points in the bag. nothing is more likely to derail my calm than taking easy money in the morning only to give it back...

stop hit at 40 and out on average for +10. done and dusted for the day.

we're back below my bands on the hourly chart and they are pointing down. that gives me a bias to short if the 5 min set up turns negative. ie if i see a strong selling bar crossing over the bands i'll enter there or if i miss it wait for the first bounce back up to them. it's wednesday which...

do you mean using say 100 ticks or 200 ticks etc? i tried that for a while and used dma and it worked well. now i only trade the busy times i've found the 5 min is fine. the HA idea is interesting. if you get a good ftse example it would be great if you could post the HA set up on here. i have...

this morning the ftse was above my bands on the 5 min and 15 min and even about the hourly for the first time in a few sessions. this made me want to buy the market. the question was weather to buy a dip to the bands or buy a new high. i chose to buy a new high. in at 67 and out on average 13...

i got a few from the drop but not as many as i would have liked. for me it's a trade off between coming in and seeing the points i missed out on. and knowing the more i trade the worse i get. as i've said controlled small wins add up quickly and that's the way i keep on track. i tend to scale...

should have stuck to the low 80s. the best sell at ig was 82.30 before a nice 15 point straight drop. oh well. maybe next time. have pulled my sell limits now.

amended sell to 87 area. think it might overshoot.

i think having another job or distraction to go to can help your trading. speaking personally i find with trading that less is more. there are several factors that are making me think about shorting the low 80s area for a few points. i actually have a sell limit in at 84 so interesting to see if...

thanks for getting in touch. my principle method of entry is using the 37/50 ema bands on the 5 min chart. my favourite entry is the 'cross and test'. this is when the market strongly crosses my bands and then pulls back to 'test' them. this trade is from this morning. i didn't take it but it...

hi all posted here once or twice. i bet on the direction of the ftse through igindex. aiming for short term in and outs. happy with 10 points a day. anyone interested in trading the ftse or already does get in touch. just started a (not for profit) blog at http://tradingtheftse.blogspot.com/...

just wanted to get this up near the top again. things are going ok here in birmingham. i've settled in to a routine and found a lot of interested parties. that said of all the people i've met most are not at the stage to be trading full time. if there are any full time traders who are interested...