UK100 CFD
+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.
FTSE 100 Buy set up We are seeing strong gains in the FTSE 100 as positive headlines on a potential vaccine, alongside expectations of a Brexit deal is causing investors to buy undervalued UK assets before the pound strengthens against the U.S Dollar.
FTSE100 - Time to Sell againOur chart is giving us indications for a possible drop (almost at major resistance now).
Great Opportunity & RR on UK100Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
FTSE100 continuing down? The FTSE100 has been trading in a downward channel since June, the daily timeframe shows price is weakening approaching the top of this channel and has given us an indecision candle. We can see on lower timeframes, 1h + 4h there is RSI divergence signalling potential for a bearish move. Will look for entry on 1h
FTSE Intraday setup.UK100 - Intraday - We sold at 5594 (stop at 5662)
Prices have reacted from 5597.
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
Further downside is expected although we prefer to sell into rallies close to the 5594 level.
Our profit targets will be 5400 and 5155
Resistance: 5650 / 5854 / 6106
Support: 5445 / 5155 / 4785
UK100 H4 IDEAweak mouvements since 01 JAN 20 and still pushing but technically UK100 still showing weak future mouvements
UK OILUK oil set to plummet with UK lockdown pending.
Fundamentals mean demand will drop with over supply resulting in low oil prices.
Not much technical analysis is needed trading off of fundamentals.
30/10/2020 #FTSE Where next?FTSE looks like a bear flag is forming.But with yesterday's reasonable daily close, both sides can be played today.
My blue zone - above 5587 for longs, target 5603, 5637, 5685. Be nimble and trail stops. I have a hunch we will see 5685, but hunch are hunch. Trade what you see.
Below 5569, be short. 5539 should offer a bounce as it is yesterday's low. We might even bounce here and rally. Below are 5489. 5443 is strong support, should cap low of day.
UK100 Projection for 5,000 level to be checked (South again)Chart is self explanatory. Brexit times, Covid times.
Are the markets losing faith on FTSE?The situation looks very dismal for FTSE100 as since June's High, the index has been trading within a Channel Down that has already lost almost 50% of the post March gains.
Additionally, the MACD on the 1W chart just made a Bearish Cross. The whole sequence from start (Death Cross) until now, loos very similar to the 2008/2009 credit crunch. Have the markets lost all faith on the UK100 in order to push it to the 1.236 Fib as in 2009?
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UK100 | Exponential Moving Averages | Average True RangeSell at intersection of Horizontal Support Resistance, EMA 10, and EMA 20 in a Trend.
Trend is down. Series of Lower Highs.
UK100 RETEST ITS ALREDY REACHED THE 2ND TARGET ONCE THE MARKET REACH THE 3RD TARGET MARKET WILL RETEST OR GO FOR A CORRECTION
23/10/2020 #FTSE Based on yesterday's daily candle close with rejection off new lows, price action looks bullish.
Bias will be long above 5791, targeting 5822, 5839.4, 5858 and 5879. 5896 if hit will present low risk short level.
Below 5778, bias will be to the downside, targeting 5744 and yesterday's low near 5722. 5682 should present low risk buy level.
UK100 Intraday Setup.UK100 - Intraday - We look to Sell at 5944 (stop at 5979)
Prices spiked higher and stalled at resistance in early trade.
Further selling pressure led to a reversal in price action.
We are trading at overbought extremes.
This is negative for sentiment and the downtrend has potential to return.
We have a 61.8% Fibonacci pullback level of 5944 from 6042 to 5785.
Further downside is expected although we prefer to sell into rallies close to the 5944 level.
Our profit targets will be 5845 and 5770
Resistance: 6106 / 6325 / 6515
Support: 5770 / 5650 / 5445
FTSE UK100 Projection (South)Both fundamentally and technically- we expect a drop. price already in a descending channel which more likely it will be breached from the lower side.
UK100going to see where it stops on the fibs and wait for retest then place you enter stop loss below the previous candle.
