FTSE 100 Intraday trading - MAY

bonsai

Veteren member
one of those fancy dan U.S trading packages might carry it.
Advanced GET perhaps, I dont know.

for fancy dan read expensive.
 

bonsai

Veteren member
Roger
not always sure which leads the market.
I tend to think that the futures lead 8 times out of 10 ?
 

awllee

Junior member
Bonsai,
Long at 63? Not sure to be honest right now mate.. it's peaked higher than the previous peak but still weak.. I still favour a fall from here.
 

barney101

Junior member
out @60

Think I will wait for Dow to open!!
 

bonsai

Veteren member
it all looks a bit sad and droopy today ?
maybe if we make a new low today things will perk up ?

mind you I do have one eye on the gap down at 4000
 

bonsai

Veteren member
why do they always blame someone else ?
why do they think the banks withdrew ?
------------------------------------------------------------
CLAIMS FIRM ACCIDENT GROUP GOES BUST
The company that owns claims company
Accident Group has told 2,500 staff
that they have lost their jobs and will
not be paid their salaries.

Amulet Group, which also owns the
financial adviser First Advice, said
it had ceased trading and was being
placed into administration.

A further 1,000 employees of Amulet
have also not been paid and have been
told they may lose their jobs.

It blamed "the sudden failure of a
banking partner to support the company"
 

bonsai

Veteren member
awl
if you are into elliott it seems to me the run up to the high started at 40 ?
and I can see 5 legs on the way up from there.
so there may be support at 50 but 40 may be crucial to a change in trend ?
 

awllee

Junior member
Hi Bonsai
It's bounced on 4050.. however, right now where it stands it's not a strong enough signal for a buy for me...
The main trend so far today has been down since the 4080 peak so I would rather go short today on a peak.. however, we'll see...
 

barney101

Junior member
Long @ 61

could be building for us open!
 

awllee

Junior member
Looking at the DOW and trying to predict where it'll go, it looks like it may head down to start off with.. this will probably affect the FTSE.. if FTSE drops below 4050, the next support is around 4010...
As I speak.. the FTSE is heading upwards!!! Looks like a buy now but resistance very close at 4080
 

barney101

Junior member
Awllee

You could be right classic 20min drop then start to rise, could be a slow rise with lower Friday volumes. With a bit of luck Thursdays down trend will not continue.

Nas needs to break 1600 barrier to take dow with it!! In the ideal world!!

But!! Could well run out of steam around early afternoon.
 

awllee

Junior member
Hi Barney
Yes the hook trade where it opens lower or higher and moves in one direction.. then reverse and goes past the opening price and storms ahead just like yesterday!!
DJ would need to break past 8750 or so for the uptrend to go full steam ahead I reckon though.. what you think?
 

barney101

Junior member
Long on Dow @ 8761

good bottom support!! should carry on the old two steps forward one step back routine for next couple of hours.

Dips being bought up fast, should be able to gain 50% of yesterdays lost ground.

Could see sell off later!!!
 
Last edited:
 
Top
AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock    No Thanks