FTSE 100 Intraday Trading - October

[hungrybear]

Thanks Doc - enjoy your lunch. And Bonsai. That is, thanks Bonsai, not Doc enjoy Bonsai - LOL

 

[bonsai]

lecter
mine was prefaced with a rough and ready symbol.
hopefully to give a grasp of the concept.

but you are right,there is always more in the detail.

ever tried flat pack furniture ?

 

[bonsai]

have set my bell, so now off to chop some logs for the winter and
work up an appetite.

 

[hungrybear]

Closed out my long. Still expect it to take the top out, but the Ftse's labouring compared to the other markets. The Dow futures have made a new 52 week high, which I think confirms the upward trend for now.

 

[bonsai]

max headroom once again. :arrowu:

 

[bonsai]

we could have some fun now if dow wants to fill its gap ?


edit

I have divergence on the a/d line

rethink required ?

 

[bonsai]

:idea:
I decided to short.
relatively close stop and maybe reverse ?

 

[Wideboy]

I would expect Dow to at least attempt to fill gap.

 

[bonsai]

ah yes

if wishes were figs there would be fruit for everyone ?

and flies ?

 

[hungrybear]

I think the Dow will make a new high before it even tries to fill its gap

 

[bonsai]

lol, HB

probably after 4.30 (as usual )

 

[bonsai]

any of you follow this ?

<img src="http://lc-d.sc8.finance.lycos.com:443/1065738993500?User=demo&Pswd=demo&DataType=GIF&Symbol=INDEX:TRIN&Interval=1&Ht=400&Wd=600&Display=0&Study=&Param1=&Param2=&Param3=&FontSize=10&BgColor=0.255.0&TBgColor=0.255.0">

 

[hungrybear]

Bonsai, any thoughts on the Ftse wave structure? The lack of impetus in the last move up, and lack of obvious structure since the low this morning, has me a bit puzzled. It could still be a B wave up today as it only just broke the high, but do you see any other alternatives? A B-wave would challenge my expectations for a new high tomorrow unless we drop hard this afternoon then rally even harder tomorrow. Will be great trading if that happens though

 

[hungrybear]

LOL Bonsai.

What is the chart depicting? (don't mean to appear ignorant, but prefer to be honest!)

 

[bonsai]

I have to say I still think it is a B (best guess)
seemed to lack proper structure at the start.
a/d divergence sort of confirms.

and now stepped fall.

but even if it is, this is now only leg 1 of wave 1 of C.
so I would expect a pull up in any event.

that will perhaps become the real test.

 

[animal8]

Well, there you have it, down it goes.
I am not trading, but watching and learning about the movements
intraday.

That area around 4320 is a big resistance on the daily chart also.
It is near the downtrend line for the many months of declines.

 

[bonsai]

thanks Lecter
you are becoming expert at this posting business as well !

 

[bonsai]

ftse futures arent happy.
d4f quoting less than cash.
fair value has disappeared ?

 

[hungrybear]

I'm still seeing a +12 differential on d4f, futures to cash Bonsai

 

[bonsai]

d4f 06/09 with cash at 13

changes quickly but maybe somebody put down a bundle on d4f