I'm long. The trackers are mixed. 5min opening bar breakout worked for 6 points.
The trackers are all up bar the DOW which has dropped a huge 1%. I have my eyes on the 18th and 29th which opened to huge gaps down. 5min bar breakout was too risky because of the huge move at open - why did it move so much?
All the trackers bar the Nikkei are up today but I'm trade the prevailing negative news stories in anticipation of more negative back and forth with Korea and with the equatorial weather in the west. buying the 5min bar break would have made 12 points. We have not broken the 1h bar yet.
News is the dominating factor in the FTSE and markets react quite negatively to Trump, Tweets and Tyrannical twats so I'm short. It was risky to buy the oversell at open because last time we did that it went immediately in the wrong direction but today it worked. If you bought the opening 5min bar break you made 13 points. The 1h bar is not broken but I'm...
Not much inspiration for today. My head hurts - gym injury. That's all I know. I thought the FTSE did well to break 4000. I wasn't looking at the time but would have been buying the dips. I'm short but it could easily break 4500 so looking for another dip. 5min bar break expired at a loss. 1h bar is not broken.
Trackers are up across the board 5min bar break down failed 7points. 1h bar break up is a cert for a measly 12 points.
Apologies I'm super slow with the update today. Got distracted trying to help a friend find a job. Unemployment is super low at the moment which might explain the general up trend which we still have in this oscillating market. Although we were overbought this morn and broke down on the 5min open bar (stopped out for 8 points) and there's last night's gap to fill,...
I shall be trying not to buy today. Although the RSI is screaming at me. I'm going to try holding my short all day. Sometimes when there's a big negative news event there's an oversell and you can expect a strong positive revaluation at london open but the korea and Harvey news is just trickling out. 5min bar breakdown was risky because we were coming up against...
No reports published today but Dragi is speaking after the close. The Nikkei and DAX are up about .2%. I'm long so I put a target in for the 8-9am range which broke straight away. The 5min bar at open was breached down but only for half bar length so y'all might have got out at break even.
All quiet before the GDP numbers - remember that higher than forecast strengthens the currency and will lower the demand for the associated indices. The DAX and NIKKEI aren't moving either. We have gaps pulling us down. But trying to short yesterday frustratingly didn't pay off. I've got into a terrible habit of buying at the top trying to go with trends, what I...
I have little inspiration for today. Gaps and general market sentiment are pulling the FTSE down. There are no further events today after the ECB anouncements. Buying the spike down worked this morn. Buying the 5min bar break worked for 14 points. The 1h bar is not yet broken.
I have my eyes on the 14th for an idea of the slope. The other trackers are up, we were oversold this morn. Selling the spike up failed. The 5min bar break up hasn't worked. 1h bar is breached so I've sketched this out on the chart but I'm skeptical. Again we had this behaviour where the market rallies towards 9pm, gaps up and keeps going on the london open!
If you bought the spike down at open, the you could be 18 points up. If you bought the 5min bar break then you are in the red - the range was a bit too big for comfort. If you are looking for a break of the 8-9am range then you may be in luck for 30 points. Even though the other indices are down, FTSE is looking oversold and finding resistance against the 3 week low.
Sorry people. I had appointments so didn't get a view out today. 5min bar break down worked for 15points 1h bar break down worked for 20 points. Once again we found momentum in the direction in which we gapped overnight. I got stupid and bought at 7.30. Finding resistance at 7300. Mixed sentiment on the other trackers. But I'm long now.
I'm looking at a rolling over in price. Honestly the daily candles over the last month look like a complete mess. We are kind of in the middle of that mess pricewise. Although before the Korea threats the trend was settling into a nice upwards momentum, I wouldn't rely on resuming that now. The retail figures were just published which has pushed the FTSE down and...
We seem to have this phenomenon developing recently where if there is a gap overnight then the opening session will push in the direction gapped, rather than filling. I intend to find or do some historical analysis on this soon. I've got tired of how bad MT4 is; I don't think that my brokers help with their lack of historical data. So I switched from MQL to ninja...
We had a 1h break down but it failed when the CPI data came out. The 5min bar break down didn't work either. I got out at break even. Generally we've had low vol so far this week. We are over sold and still wanting to close gaps towards 7400 so should still be swing long.
I'm hesitant to label today as a trending day. We are over sold somewhat on Friday and reaching for gaps left from Weds and Thurs close. But the 8-9am trading range is holding for the moment. There're no big reports due today. The 5min opening bar break downwards worked for 10 points.