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FTSE

FTSE and all Stocks - Don't BUY!!!! - They will plummetHello all DuncanForex here with a trade idea - with no advertising about anything so the post will stay active. With the power move during February 2020 (The AB Move) and then a slower retrace to the previous area of support which is now resistance. The FTSE broke out of its downward consolidation long and is now progressing higher over the past few months to the 61.8 Fib retrace. Don't be fooled by this Bullish move that occurred this week, the price is right in the middle of the 61.8% and 78.6% zone, it will consolidate again and i still think based on my analysis, the CD move will be completed and the FTSE will ultimately go down to 3500 area. Price is about to touch dynamic resistance shown by the blue diagonal line which shows the long term uptrend broken at the start of the year, price is now pulling back up to this zone to then head down again. I had shorted the market as per my related ideas below, and i now have new entrys that you can see in the picture. (if you zoom in) I do expect a bit of sideways movement, also some stop hunting, however my analysis for me suggests all stocks are going to plummet very soon. and this is my view for the next few years. Stay safe and safe trading Duncan
TVC:UKXShort
by UnknownUnicorn483829
I am still bullish FTSE! It's a pair I've trading within the indices that I have had great return this yr - great momentum trend towards it and with Brexit drama going on too, it has has great volatility. Fun fact: When the first lock down occurred earlier this year in UK...A family relative was intrigued about me being a young trader - I had advised a distant family member to watch out for the FTSE it's a great buy at the areas of 5850! Let's hope they did listen to advice and if not - there's always chances in this beautiful market we've had this year! Let's hope to make plenty of pips for the end of this year and start the next year with great optimism within ourselves! Let's get onto the technicals: Pattern - Bullish Flag target area: 1.618 Resistance: 6860 & 7035 Support: 6140 & 6040 My target - 6800-7100 Areas! One of the major investment banks did even announced UK assets are undervalued within options check out Rolls Royce has been a great trade to take as well! Fundamentals to keep in mind: Brexit and what the indices has a large portion of companies energy based. Although, my target for Crude is 55 area. All the best, Trade Journal Remember: Just a trade idea, not a recommendation
TVC:UKX
by Trade_Journal
5
ALL STOCKS ARE ABOUT TO CRASHHello all DuncanForex here with a trade idea - with no advertising about anything so the post will stay active. With the power move during February 2020 (The AB Move) and then a slower retrace to the previous area of support which is now resistance. The FTSE broke out of its downward consolidation long and is now progressing higher over the past few weeks to the 61.8 Fib retrace. Don't be fooled by this Bullish move, once it reaches 6600 area, it will consolidate again and i still think based on my analysis, the CD move will be completed and the FTSE will ultimately go to 3500 area. You can see where i will be looking to short the market in the picture. I do expect a bit of sideways movement, also some stop hunting, however my analysis for me suggests all stocks are going to plummet very soon. Stay safe and safe trading Duncan
TVC:UKXShort
by UnknownUnicorn483829
3
07/12/2020 #FTSE $FTSE StrongTrend(Daily/Weekly/Monthly): Up/Up/Up Depsite the selling in US futures, #FTSE remain resilient. But as the heading says, price is overextended. A pullback before further up is healthy. I will be looking at 6495-6507 and 6583-93 these 2 zones today. Possible scenarios: 1) Price opens in RTH, rally to 6583-93 and fail, goes down to 6495-507. Watch for reaction. 2) Price opens in RTH, dips to 6537, get supported and rally. 6583-93 can still fail but probably less likely. Support and resistance levels are indicated on the charts. Watch reaction around the levels and trade accordingly
OANDA:UK100GBP
by FadeMeIfYouCan
1
ridethepig | FTSE Fundamental FlowsHere we are more or less back to square one as to where we were in July and testing away at the resistance. Buyers are showing a lack of tenacity! If after the Brexit fact (does not really matter if its a deal or hard brexit deal) we can see the possible outflow pressure really start to make itself felt. The strong counter here should immediately come under pressure with the initial loss of market access and broader global slowdown. Once again (and with slow and steady pace) start to build some sell side exposure, abandon the overweight UK equities position and employ the following manoeuvres. A test of the centre looks rolled up and ready to take. Make excellent use of the flow towards 5,600. Thanks as usual for keeping the feedback coming 👍 or 👎
OANDA:UK100GBPShort
by ridethepig
1
+10% on the FTSE trade from last week, great moves ! UK100 OPEN TRADE IF FOLLOWING TREND BASED ON 1% RISK IS RUNNING + 10.4% OUR STRATEGY EXPLAINED: The entry price, SL and multiple TPs are shown on the chart. Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter. What is our strategy? Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow. We just have to do what Percy does. Please see our related ideas below for more information to explain what we do and how it can help you.
ULong
by RossTyler
FTSE and all Stocks - Don't BUY!!!!Hello all DuncanForex here with a trade idea - with no advertising about anything so the post will stay active. With the power move down during February 2020 (The AB Move) and then a slower retrace to the previous area of support which is now resistance. The FTSE broke out of its downward consolidation long and is now progressing higher to the 61.8 Fib retrace. Dont be fooled by this Bullish move, once it reaches 6600 area, it will consolidate again and i still think based on my analysis, the CD move will be completed and the FTSE will go to 3500 area. You can see where i will be looking to short the market in the picture. This isn't financial advice, however don't buy stocks, wait at least another 12 to 24 months and buy them when the FTSE is circa 3500 Stay safe and safe trading Duncan
TVC:UKXShort
by UnknownUnicorn483829