FTSE 100 Intraday trading - MAY

[bonsai]

oops
sorry
reason this time is its failure to hold on to 1 hr average after
very mild correction.

 

[bonsai]

added another short at 29

 

[bonsai]

its just sitting there looking at me
and the dow seems to have gone quiet as well

so out at 27
+15 +2 for +17

 

[bonsai]

lambchops
sorry, only just seen your post
I only use sma'a
and its a full days average i.e 510.

nb : it changed direction this morning

 

[Skimbleshanks]

Nice trades Bonsai

 

[bonsai]

thanks skimbleshanks

wish they were all this straight forward !

do you trade ftse ?

 

[Wideboy]

I went short at 10:20 @ 3948:

5 min stoch o/b and turned down
Price couldn't break above 20ema on 5 min.
15 min rsi trending down so short favoured

Wideboy

 

[bonsai]

still in line to complete head & shoulders
but now we are in support territory
so although its broken 1 hr again, may give this one a miss.

may pull back to 40 or even 55 ?

or it could tank lol !

 

[rglenn]

bonsai

Keep up the good work on your trades-

Not only are you cleaning up on the FTSE you must be the fastest poster of all.

You registered in May 03 and before the month is even finished you have notched up 86 posts- fantastic!!

 

[Newtron Bomb]

Am going for the lowest numeber of posts in a 3 year period lol

 

[bonsai]

RRG
lol

what do you do between trades and during trades.

just watching the screen would drive me mad.

and also give me a chance to have doubts about the trade !

 

[rglenn]

Fair comment Bonsai

As long as you are making money as well- that's the main thing.

Secondly helping others to get to grips with the crazy markets.

 

[bonsai]

may have bottomed for a while ?

1.30 coming up !
but home sales not likely to move the market ?

dow futs have got arthritis.

 

[rglenn]

Bonsai

Have you noticed how the european markets tend to move quite a bit when we are nearing the opening of the US markets?

 

[rglenn]

Watch them move at about 1:45!!

 

[bonsai]

what do you make of this ?
support somewhere ?
<img src="http://web.onetel.net.uk/~gawgaw/WL.gif">

 

[rglenn]

I am not quite sure what to make of that Bonsai

It's a nice chart though!

 

[bonsai]

lol

 

[bonsai]

was that a spike bottom on the dow or just wishful thinking ?
<img src="http://chart.neural.com/servlet/GIFChart?sym1=$indu&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=30&avg2=89&ind7=macd&periodMACDLow=55&periodMACDHigh=89&height=400&width=550&source=SP&multipane=1&watermark=splogoblue.gif&dres=min&plottype=range&ignore=1220025226&dperiod=days&coname=1&image=PNG">

 

[bonsai]

ah well long at 32