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UK100 CFD

UK100 FTSE Bullish Cypher PatternBULLISH CYPHER PATTERN Took a break from the long term analysis. Now looking at opportunities for the coming few weeks. The first one I'm looking at here is a bullish Cypher pattern which has already complete and we are well on our way to hit the first target of this type of pattern which is the 38.2% retracement at 7399 then the second target which is at 7472. I'm sure some traders are already in this trade. I'm not (smh) but depending on what happens when markets open, I may just get in to this and get whatever pips I can. Surfing and fishing at the same time right? What do you think of this? critic, refute, agree! Mentors not Trolls!
FX:UK100Long
by Mirii
1
THE IMPORTANCE OF VOLUME ANALYSIS: Part IIThe wave is currently finalized and is working as planned: I ended the previous post pointing at the lack of the volume required to confirm trend reversal at supposed point 5. And in fact, for quite a while the price kept slowly drifting up and down without substantial moves in any direction. This situation lasted until bearish volume spike on 07/11 that initiated real trend reversal. It is also necessary to point out that though that spike was only medium in nature, but the change in its volume compared to previous data was sudden and drastic. Later the volume changes were driving the price accordingly up and down, but most importantly the local bearish trend was established and continued successfully. Currently, the price is close to the crossing of the line 2-4 at which volume dynamics should be carefully monitored as this may provide a good tip if this is really the end of the analyzed downtrend. If you have any questions, feel free to ask in comments or PM me.
OANDA:UK100GBPEducation
by OceanBlue
The Global Stock Market (excluding US) is OverboughtThe Global Stock Market's (excluding US) Monthly RSI is Entering Overbought Territory. While not as extreme as VT, I would be careful about going long here in developed markets or emerging markets. For a while longer, I expect it will outperform the US but I think it will for in upcoming months. The ECB is planning (that may change if stocks or especially bonds fall) cutting back on its quantitative easing as is China. This drop in stimulus and liquidity will likely cause a downturn in European and Chinese markets. EDZ (3x bear) and EDC (3x bull) are leveraged emerging markets etfs. DPK (3x bear) and DZK (3x bull) are leveraged developed markets etfs.
AMEX:VEU
by haug01
1
FTSE100 Range Trading Set UpBuy the break a 7596 or sell a failed re-test. The ranges are highlighted. Stock markets make little sense these days so I'm long as the buyers keep on calling the shots. - My Trading Rules - How I identify trades, define my edge and manage the commercials: First I define my 'edge' which simply means a set of circumstances that indicate one eventuality is greater than another. My Edge: (How I decide on if I should enter) 1) Is defined as trading in the direction of the overriding daily trend (Bullish, Bearish or Neutral) 2) In a trending marketing I look for entries at corrective price structure 3) In a neutral market I trade the upper and lower most extremes of the support and resistance levels 4) In the case of a breakout I seek an entry in the direction of the break Next I follow 4 rules for undertaking analysis: (How I spot opportunities) 1) Analysis must clearly define a 'bias' and the parameters for invalidating 'bias' 2) Analysis must clearly provide a trade set-up with entry, take profit and stop loss 3) Analysis must debunk a trade in the opposite direction 4) Analysis must factor in sentiment and fundamental factors So now I know my edge and how to spot opportunities the next is how to manage trades: (How I decide on the commercials of a trade) 1) Take profit should be set at a key fibonacci and/or price structure level 2) Stop loss should be no more than 3% per trade (sum of total positions) 3) Entry should feature 2 or more positions 4) Entry at market is forbidden to mitigate impulse trading (I only trade via orders)
FX:UK100Long
by Elliot_Myers