FTSE 100 Intraday trading - August 2003

[2468steve]

hovering below 80.What's winners/losers looking like Bonsai?

 

[bonsai]

FTSE-100 at 14:26 Winners 26 Losers 72

 

[2468steve]

Thanks Bonsai .Just had a quick look at bank sector.Toppin out ,can't break 8500.Influence FTSE??

 

[bonsai]

not the guy to answer that Im afraid.

I have no idea really. Banks Oils & Drugs etc
but there are a lot of banks in top 25

 

[bonsai]

jonnyt
one other thing.
I almost never stop and reverse using macd.

dont feel macd is designed other than to give you a
good portion of a move. Not top to bottom.

 

[Fluke]

I am not a day trader but thought I would give you blokes a short term target of 4000 at which point it could move up again.
I was talking to Bons as he is interested in fibbs.

 

[bonsai]

Nice Goose this morning to get the action underway.
Once again, Ftse showed 2 swings during the day. Nothing new there.
The pull back to 4080 may prove significant as it looked like
earlier support late in July after the 'suckers' rally.

 

[bonsai]

Do you watch more than one market on a side by side basis ?

This is an easy html to create and you can auto-refresh it.
Interesting to note differences and similarities ?

 

[bonsai]

here is another chart which shows why I used to trade from 8am
to 10pm.There is often much life in the market after 4.30.

 

[Dr Mike]

Agreed

in at 69 out at 94 +25

Thanks for an invaluable board

 

[bonsai]

nice work Dr M

 

[2468steve]

Bonsai,
I agree about trading after the close,as your chart shows.You can pick up some decent trades if you keep an eye on relevent nos.The US market can pull UK/Euro quotes all over the place out of hours

 

[mully]

Does anyone know why Bonsai's 1 minute FTSE chart didn't record the first 13 minutes of trading. Have checked FTSE on bigcharts and they have the same opening gap. Because I couldn't understand how Dr Mike exited at 4094 this morning when the chart didn't record a level above 4090. Obviously that happened in those first 13 minutes of lost quotes.

 

[bonsai]

mully
I expect Dr M was trading last night
see overnight graph.

edit
had a look at todays graph but cant see anything wrong.
(Page 1 ?)

<img src="http://chart.neural.com/servlet/GIFChart?sym1=ls:ukx&cbcku=FFFFFF&cbckl=EBF5FF&cbckd=cccc99&ctxtu=000000&ctxtd=000000&ctxtl=000000&csym1=000099&csym3=000000&cbckg=FFFFFF&cind7a=FF0033&cind7=009900&cind8=blu&cind9=6666CC&avg1=55&avg2=510&ind7=macd&periodMACDLow=100&periodMACDHigh=60&height=350&width=450&source=SP&multipane=1&watermark=splogoblue.gif&dres=min&plottype=range&ignore=1220025226&dperiod=days&coname=1&image=PNG">

 

[bonsai]

dont know where its going next but
almost filled the gap.

problem is the natural stop is at 45

 

[mully]

Bonsai,

Look at the width of the 1st hour of trading and any other hour trading block. It is narrower. If you increase the size of the chart it is much more obvious as Bigcharts 1 minute day chart illustrates.

Anyway on to trading. I see your beloved gap is being rapidily filled. Where do we go from here? Wall Street was not the most bullish performance last night.

 

[mully]

Bonsai,

Sorry didn't see your 9.28 message re gap filling.

According to teletext FTSE recorded 4094.5 at 8.06am which is impossible if your chart is correct. I think it missed the first 13 minutes of quotes

 

[bonsai]

ok mully
I missed that
but the chart looks ok otherwise.
perhaps its a quirk of yahoo ? and will have correct proportions
later ?

edit later
teletext ?
channel4 ?
bbc2 has this
0803 4070.4 0.0
0830 4080.2 +9.8
0900 4078.9 +8.5
1000
1100
1200
1300
1400
1430
1500
1615
Wed 4070.4 -50.6

 

[barjon]

Bonsai

do you consider the fib50 (around 4068 on intradays or 4062 on
closes) of the july low to high move to be out of play on your
once broken twice useless basis, or still in play on the basis
that yesterday represented a failed attempt to close under it?

good trading

jon

 

[mully]

bonsai

Is that a downward trendline developing from the peak today through the 83 level and the 78 level ?