FTSE 100 Intraday - November

[leeshindig]

ok mate,,,still short ftse and dow, although stops in place

 

[Fluke]

Bonsai.
Ref to your 65 sma,why have you decided to use 65 sma,can you please explain.
Thought you would use 55 sma,as it's a Fibb number.

 

[bonsai]

hooya
perhaps you have 'subscribed' to this thread.
not sure, but that may be triggering the message ?

 

[bonsai]

fluke
65 day is a fib - in disguise -

its 13 weeks !

 

[Fluke]

Bonsai.

Thanks a lot bonsai,it's a great help and I will add this filter to my list. LOL
Regards

 

[Hooya]

Why dont you use 63 day (splitting hairs I know) but 63 is a well known 3 month moving average...based on 21 trading days in a month?

 

[Hooya]

What I am looking at this morning...nothing too major...

 

[bonsai]

morning

decided to edit that lot

I use 65 day because about 10 years ago I bought
a second hand book from the local library for 75p called
"Stocks and Shares simplified" by Brian Millard and started
using his system which is based on a 13 week sma.

And I have kept to it ever since.

that's probably marginally more interesting than the
previous reply ?

 

[Hooya]

Looking like my top red line is wrong...if you move it so it forms a channel we are up against it at 4340 still sitting and waiting

 

[bonsai]

well we have had a bounce up from the 1 day sma
which is usually a money making opportunity even though
I am showing over bought on my rsi.
macd picked up as well but above zero (so beware)
they may have been in too much of a hurry.

 

[Hooya]

or it could even be an expanding wedge...lol so many possibilities.

My R" at 51..overbought 5 and 10 min but think it's safer to stick to the longer 1 hour chart over the coming days

 

[Hooya]

As Bonsai sai too much too soon....short term anyway...

 

[Hooya]

now thats a price rejection if I saw one...test of the down trendline at 24 first target?

 

[bonsai]

I wonder who was last man in ?

hope it wasnt anybody here.

 

[Hooya]

I was first in at 50 $$$ but will probably be first out though

 

[bonsai]

anybody got a a handle on which stocks were used to create that spike ?

was it the mining stocks ?

 

[Hooya]

1/3 taken at 23....remember always come out with a profit

 

[Hooya]

Im not going to post another chart but interestingly enough the pull back was quick enough so the 60 min chart reversed spot on
at the top line of a channel...think that will be my trendline for the day now

 

[bonsai]

some sort of rejection around the gain line where the top line
comes into play.

will use that as my stop

as if it starts chewing its tail we may even go up from here.

 

[Hooya]

well I have taken another 3rd and put a stop in for the rest as it seems to be holding above the down trendline..