Inter-market analysis on FTSE 100

Oil volatility index into resistance - Expect Oil to move higher = FTSE higher
 

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FTSE 100 - 10 mins chart , I expect the gap above to close @ 6430 region next week
 

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FTSE 100 - 10 mins chart , I expect the gap above to close @ 6430 region next week

so far I make that 3 losses of 100 and win of 5, 30 and 70
Not very good odds for your "subscribers" Wallstreet
risk 100 and return an average of 30 so a 1:0.3 risk/reward :oops:

Do you give refunds?
Will any Mods intervene on this thread early?
 
so far I make that 3 losses of 100 and win of 5, 30 and 70
Not very good odds for your "subscribers" Wallstreet
risk 100 and return an average of 30 so a 1:0.3 risk/reward :oops:

Do you give refunds?
Will any Mods intervene on this thread early?

You brought my attention to this thread, and so I followed up on your links to the intermarketanalysis web site.

Heres what I never understand about market gurus.

If they can make 300 points a week with 90% accuracy (in their own words)
http://www.trade2win.com/boards/ind...-aimed-help-new-traders-2767.html#post1736298

WHY OH WHY do they sell their services one-to-one for £300 over 4 weeks (from the website, I'm not linking to it). It just doesnt make sense.
If they were any good they'd be making a fortune and living the high life not touting for business on a trading website.

I hope one day people will learn they will not get rich by giving away their trading capital to this kind of 'service' on 'tinternet.
Its all out there for free if you look!
 
US markets have distorted the bias

but Travel & leisure sector must put in a pivot low given Ebola scare in order for FTSE to reverse

10 mins = IHS formation

Daily chart = DOJI + double horizontal support


Also another argument for FTSE to bounce = Dow transports into 200 DMA Travel and Leisure (DFB) 10m.png

Travel and Leisure (DFB) daily .png
 

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Last two strong FTSE support zones failed to hold even with China strong post hong kong protests + ALcoa earnings beating by 50% + FED remaining Dovish given wage price inflation still lagging

Trading is all about support & resistance , if they fail to hold then that is what stop losses are utilized to protect us.

Last week was very volatile and took the best of us for a ride, whipsaw city..key is money and risk management for longevity.
 

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Gap closed @ 6340 region

now a potential reversal expected

I am swing short 6335


sl = 6435


tgt = 6235

Bias change

shorts closed -10

switched to long 6346

sl = 6206


tgt = 6500 region


FTSE failed to fall even with Nasdaq and S&P 500 making a new low = inherent strength


IHS foramtion in play
 

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Bias change

shorts closed -10

switched to long 6346

sl = 6206


tgt = 6500 region


FTSE failed to fall even with Nasdaq and S&P 500 making a new low = inherent strength


IHS foramtion in play

US markets made new lows overnight , therefore that invalidates my analysis

FTSE longs closed +10

I will wait and see how US markets react as Nasdaq wants 200 DMA. US markets must stabilise first
 
Lower inflation data = catalyst for IHS to come into fruition now

U.K. SEPT. INFLATION RATE FALLS TO 1.2%; MEDIAN EST. 1.4% $GBPUSD 1.5985

I am retaking swing long FTSE 6355


sl = 6205



bring on the kool aid
tgt = 6500 ++
 
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