FTSE 100 Intraday trading - August 2003

bonsai

Veteren member
4,106 11
hmmm
it may just want to retest around 200 again.
if it holds we may get a good move up as that
might be a 1/2,1/2 and elliott followers will know what that portends ?
 

barjon

Legendary member
10,705 1,809
bonsai

mornin' - late on parade this morning

was that (flyahoo) your version of Suns path? You seem a bit uncertain as to the close tho'.!!!

jon
 

barjon

Legendary member
10,705 1,809
bonsai

was talking about flyahoo - course you may be a fan of
random walk theory!

jon
 

bonsai

Veteren member
4,106 11
lol
perhaps if I wave my magic mouse across the page it will
influence the future.

not a believer in random walk or chaos.
but 'collapsed wave functions' seem promising.
 

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JeanM

Active member
116 3
Bonsai

I think you have said before that you watch the cash chart but trade the futures. When you said you closed your trade yesterday at 5.25 was this a futures and if so which one? Sorry if youv'e been asked this before but why do you trade the futures and not the daily cash, and which futures do you trade?
Thanks.

Jean
 

bonsai

Veteren member
4,106 11
Hi jean
the trade was with an sb rolling cash

basically you cant trade the cash, only a derivative of some sort.

but I trade both rolling 'cash' and futures with sb's
usually the current futures until we get close to expiry.

does that help ?
 

barjon

Legendary member
10,705 1,809
b****r, thought 214 would hold and in and out for a quick
- 7. Miffed at missing earlier rise and too impatient to wait for
a proper signal. Put dunces cap on - must do better.

(and now it rises!!)
 

Fluke

Well-known member
456 1
Bonsai
Could we be looking at testing the fibbs at approx 4137.just an observation.
what do you think.
 

bonsai

Veteren member
4,106 11
until it breaks 4200 I can only repeat what I said in post 43002

I cant forecast the future (thank god).

anything is possible and the market will go where it needs to go
regardless of Mr fib or Mr gann or anyone else.

not very helpful , I know but
'one day at a time,sweet jesus,one day at a time'.
or 'sufficient unto the day ........'
 

bonsai

Veteren member
4,106 11
well, 4200 has gone .
missed a signal at 4210 which would have been nice.
didnt pull the trigger - cardinal sin !

is there room in the club for one more ?
 

bonsai

Veteren member
4,106 11
yesterdays shape looks a lot like abc dont you think ?
and with a false break below 200 the bullish pattern seems to still be intact.

however there do seem to be a lot of spike tops in the last 10 days.
so the bears seem to be trying to force that dark cloud cover
I mentioned some time ago.
 

barjon

Legendary member
10,705 1,809
bonsai

don't know about the waves but there's a lot of bears massing
on the beach. A lot of selling volume leaps in the moment there's
weakness over the pond leading to exaggerated and fast
downward moves. Bulls defences still holding tho'

Interesting that AVZ didn't believe the down move yesterday
staying positive throughout (except for one short dip).

good trading

jon
 

bonsai

Veteren member
4,106 11
people are often unsure where to place their stops? and I have
always said that the market will tell you where to place them ?

well today we have a good clear cut situation.
yesterdays low and this mornings high.
nothing else. You may want a 10pt stop but the market doesnt
know that and doesnt give a damn.
If you cant afford to trade against market stops, dont be
surprised when you get stopped out !
 
 
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