Short
Why I shorted FTSE 1000 upon market open
This is the first time I traded FTSE. I used the same theory as trading FX and here is what I saw.
1) The high of last week was present at 7581
2) There was a nice harmonic pattern to sell
3) M15, M30 and H1 divergence in place.
The pair is now oversold. I have taken half the profit out after learning a tough lesson from the last 3 trades :). Switched to breakeven and hoping for a bigger drop.
04/05/22 DEAL FTSE 100 Cash (SD1) SD SD30.10
Funds: SD10,243.03
1) The high of last week was present at 7581
2) There was a nice harmonic pattern to sell
3) M15, M30 and H1 divergence in place.
The pair is now oversold. I have taken half the profit out after learning a tough lesson from the last 3 trades :). Switched to breakeven and hoping for a bigger drop.
04/05/22 DEAL FTSE 100 Cash (SD1) SD SD30.10
Funds: SD10,243.03
Trade closed manually
Close this trade manually as there was a double bottom in M15.04/05/22 DEAL FTSE 100 Cash (SD1) SD SD17.20
Funds: SD10,260.23
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.