FTSE 100 ( question)

genti

Active member
152 0
Hello,

i have been visiting t2w for quiet some time and i got the impression that here have some very good traders, and in the main time thought if i can ask one question ,

why FTSE 100 didn't cros 4096 (but if failed twice) why at least didn't go 4097, or 4100.

yesterday in a seminar we asked this quest to 120 people and none of them got it right, hope someone here does?
 

reactor

Member
82 1
because of a natural resistance level around 4100.

you need to check your posts before posting them up genti. i've had to guess the meaning in your sentences! unless you're doing this deliberately...
 

genti

Active member
152 0
not many replies?

Hi both,

the right answer is :

3277 (intra day low ) X 25% = 4096

im not sure if it has come to your attention but in many years a down trend lasts up-to 30% and an up trend 25%.

most of TA's will be surprise if does not turn back to 3800 at least.

All the best
Genti
 

Trader333

Moderator
8,590 922
This is not clear:

Intraday Low x 25% would be 3277 x 0.25 = 819.25

So did you mean add this to the intraday low which gives:

(Intraday Low x 25%) + Intraday low

which would be

(3277 x 0.25) + 3277 = 4096


Paul
 

2468steve

Experienced member
1,076 39
Genti,333

on that basis can we now expect FTSE at 2867

4096-30% (1228.80)

I think not.

------------------------------------------------------------------------------------
Trade wot u c,not wot u fink
 

genti

Active member
152 0
im not saying in which market we are but what i can say is you are not going to get 3277 X 50% this year.

Genti.
 

bonsai

Veteren member
4,106 10
the delusion of the few creates the illusion for the many ?
What a load of round objects !

its all inkblots in a quantum world !

Every now and then they run out of blue ink and have to use red instead.

"For what a man would like to be true, that he more readily believes"
Bacon 1620
 

options

Senior member
2,374 218
:LOL:
Having bacon at 20 past 4 in the afternoon will give you indigestion. I prefer the quote in this months Traders' mag from Mark Cook.
"In our society these days, in all aspects and all generations, everybody's a victim. They don't want to take any responsibility. Well, a successful trader takes responsibility for being a moron."
 

a320

Established member
689 8
Sir francis Bacon, a master in many ways, many more would appreciate this, if they knew his more famous literary pseudonym.
Stratford-Upon-Avon wouldn't be the same :)
 

options

Senior member
2,374 218
:eek:
Heavens. Are you suggesting that Sir Francis Bacon. (With a capital F.) is really Shakespeare?
 

a320

Established member
689 8
The Bronze statue by James Butler which fronts the western face of Shakespeare's house catches the very essence of the fool. The
Learned scholar will know the symbolism represented by the triple foolscap on the stick held aloft is reflected in the triple cap on his own head. :LOL:

We are starting to lift the veil where a little knowledge becomes dangerous, so i will leave you all to ponder, but its a fair certainty that Francis Bacon was the main author. :)
 
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