FTSE100 Intraday Trading - September 03

[bonsai]

fridays charts
Notice the crossing trend lines.

 

[bonsai]

if you haven't used crossed trend lines as a signal before
it may be worth storing away for the future ?
but it must be matched by a surge at the crossing point.

 

[bonsai]

more crossing lines tonight.
trend line from 4045 and trend line from 4284
also late surge on Ftse.

 

[hungrybear]

Anyone around? Looks like we could be in for a retracement downward this week after yesterday's new high.

 

[bonsai]

could be we just need to work off the overbought position
before a run up into expiry ?

 

[hungrybear]

I do expect a run up to expiry, but expect a pull-back for 2-3 days, perhaps ending Friday.

 

[bonsai]

Looks like the crossing lines signal has worked again.
This time it was the start of a down move and should have
been profitable for you.

Apex points do very often signal the start of something !

 

[hungrybear]

Scraping points out of this, about 10 a day, but it's hard work with the Ftse. Making more on the Dow with small bets on the SB account!

 

[bonsai]

glad to hear you are making money Hb.
I have 22 so far, but maybe more to come.
just waiting for it to drop again.
but I agree with your sentiment, its more like scalping today.

 

[bonsai]

glad thats over !
it now looks as if they were wating for direction and
were not going to make a new low before the Dow did.

well, they shouldnt have any problem with that tomorrow.

but as today, the mm's will probably steal the best of it ?
50% at 4229.
even looks a likely spot on the chart !
after that we will have to see what's what.

 

[al-motor]

Bonsai,

Your MACD on the first page- what parameters are used- it seems long term?

thanks
Al

 

[Fluke]

Bosai.
I agree 50% and support at 230,

 

[bonsai]

al
on the first page ?
it's what it says it is on the chart - 60/100.
Is it long term ?
Its been selected to pick off the FTSE mood swings which
it seems to do pretty well ?

 

[bonsai]

hope everybody is in the money today !
who says fibs dont work !
but remember to close when your pot is full.

 

[Fluke]

Bonsai.

After a lot of trial and error and reading a book about basic internet skills and hmtl,I have 6 charts refreshing.
All thanks to you.
LOL and keep out of the horse road.

 

[bonsai]

Fluke
you are very welcome.
glad to have helped.

dont forget its rollover day. So we dont really know what is going on.
but if its any help I have a resistance line now about 4270.

 

[Fluke]

Bonsai.
I agree, Fibbs do work and I use them on my EOD charts.
They work nice on the FTSE 100 charts and I trade using fibbs.
In fact I find fibbs quite accurate and remarkable.

 

[jonboy]

Hi BONSAI, i would like to start Intradaytrade the FTSE with the help of your charts/threads etc., could you tell me how to download, please. I have been trading forex recently, with bad results, so i would like to trade the ftse with a more relaxed atmosphere, Thanks, JONBOY.

 

[bonsai]

jonboy
what exactly is it you want to download ?
do you not have your own feed and charting package. ?
please be more specific.

 

[jonboy]

Hi Bonsai, thanks for the reply, i have now sorted
it out by going back over the threads. i can now
follow your comments and look at the charts. It's
a new day tomorrow, so we'll see what it brings.
cheers for now, Jonboy.