FTSE - declare your positions

[wallstreet1928]

I'm back people..............I have recovered from my severe illness(para influenza apparently!!)

I have been short this morning @ 4395 and have taken 35 point profit as there is some resistance around 4400 level!!

I am currently worried about 2 things in order to short the market
1. oil orice spike due to cut in production therby causing oil stocks to rally- causing FTSE to jump also!!
2. auto bail out bill being passed could cause markets to rally !!

4700 level is a distinct possibility ........ but 4400 level has to be taken out convincingly!!

 

[TomTom]

Looking to sell this below 4400 wallstreet.
Then at 4365 and again at 4350 and so on .
My trades need to be money managed as this is a very agressive tacktick.

 

[wallstreet1928]

Gold price almost $800 p/oz..........causing mining shares to rally a bit this morning!!

 

[Trading2k]

Shorting at 4400 and expect a Santa rally to 4500 couldn't see 4700 as there is so much bad news out there. I'm shorting again at 4450 if we get there. Full trade diary: Trading 2K a financial spread betting blog trading FTSE and Dow indices.

 

[TomTom]

Hi Trading 2k, santa rally its a possibility as lots of $$££ on the sidelines.
Some how this year I cant see it happening as the fear factor is still out there.
Hope we see a santa rally, im not holding my breath

 

[wallstreet1928]

just shorted FTSE @ 4394 .....................................stop loss 4425!!

 

[tomorton]

Long since the drop after the open. 1% up, looking for 2 by the US close.

 

[wallstreet1928]

closed position 50 points profit...........4344!!

looks like that resistance 4400 is still holding!!

 

[wallstreet1928]

getting ready to short again as spiked up to 4360!!

 

[Manya1983]

I personally favour the long at 4330 into the overnight session. The pivot certainly held well today being tested an incredible 5 times!

 

[wallstreet1928]

short again at 4397 ...........

stop loss 4425!!

 

[tomorton]

Closed long at +39pts net.

 

[wallstreet1928]

amended stop loss to 4360 as currently trading at 4355!!

AUTO bail out pending.....................Republicans are the obstacle in its path!!..........

off to sleep!!