mully
as you seem to be taking an active interest in 1 day
you will notice ftse fell through recovered but couldnt hold on.
but held below the sma for a while. That is the trigger and time to short, if thats what you want to do.
dont know how long it will last but that's another matter.
its the one in relation to the other that gives the clues, imo
as you seem to be taking an active interest in 1 day
you will notice ftse fell through recovered but couldnt hold on.
but held below the sma for a while. That is the trigger and time to short, if thats what you want to do.
dont know how long it will last but that's another matter.
its the one in relation to the other that gives the clues, imo
I often avoid going short for long on a break while it is still rising.
There is often a better opportunity after it has retested and 1 day is falling.
the problem is that sometimes if I wait for that it doesnt retest
but carries on falling. Then my stop can be some way away.
There is often a better opportunity after it has retested and 1 day is falling.
the problem is that sometimes if I wait for that it doesnt retest
but carries on falling. Then my stop can be some way away.
same old story...pops above 4400 for a bit, the panic when the Dow drops a bit, probably will work it's way down for a few more sessions and then before you know it they will be buying it again. The we can repeat the process all over again..
or is it different this time
or is it different this time
bonsai,
I do not understand clearly why you closed your short when you did, since 1 day clearly turned. I accept that FTSE had apparently stalled around the 4380 market but it had not shown any sign of breaking back up again either. I have remained short from 4380.
I do not understand clearly why you closed your short when you did, since 1 day clearly turned. I accept that FTSE had apparently stalled around the 4380 market but it had not shown any sign of breaking back up again either. I have remained short from 4380.
barjon
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Musn't become a candlestick bore, but the close did hold above
the mid-point of Monday's long white. Volume again lowish albeit
a bit better than last week
Some pretty evil engulfing candles on high volume amongst the
banks - barc, hbos and rbs. Alternatively how do you like azn's
triple bottom (last 3 days) virtually smack on fib50 support of
the aug - oct low/high.
out and about after 11am so no trades but hope you all had a
good day
the mid-point of Monday's long white. Volume again lowish albeit
a bit better than last week
Some pretty evil engulfing candles on high volume amongst the
banks - barc, hbos and rbs. Alternatively how do you like azn's
triple bottom (last 3 days) virtually smack on fib50 support of
the aug - oct low/high.
out and about after 11am so no trades but hope you all had a
good day
I have been looking to see if there are any clues for tomorrow.
Today, we seem to have had a perfect abc with an extension in the 5th of 'c'.
If it converts into a 1/2/3 then the upper limit will be around 4390. (50 fib at 4388).
Current quote is 74/78 which is pretty well where we finished.
So the modest fall on the Dow since we closed has had little effect and the sb's are playing safe (waiting for Globex ?)
If we break 4390 then the uptrend may be restored otherwise it will remain Down.
If we fall, watch out for a false break below 4330 which is a big congestion area and might signal the end of the 5th.
We have now filled that double gap around 4360+.
And that may be the best clue I can find because now they may have taken out support at that level.
Today, we seem to have had a perfect abc with an extension in the 5th of 'c'.
If it converts into a 1/2/3 then the upper limit will be around 4390. (50 fib at 4388).
Current quote is 74/78 which is pretty well where we finished.
So the modest fall on the Dow since we closed has had little effect and the sb's are playing safe (waiting for Globex ?)
If we break 4390 then the uptrend may be restored otherwise it will remain Down.
If we fall, watch out for a false break below 4330 which is a big congestion area and might signal the end of the 5th.
We have now filled that double gap around 4360+.
And that may be the best clue I can find because now they may have taken out support at that level.
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