Posts Tagged ftse
So for those following my Tweets, you will have noted that we went Long FTSE after it had found support in the Daily charts. It is now reaching close to it's all time high again and judging from the performance of the US markets I really think it's going to pop upwards and start shooting upwards. If you look at the Weekly chart of the FTSE (below - click for larger image to see the pinbar) you can see that we have an extremely bullish pinbar.. it was all buying. We do have to be wary that we hav
June 8, 2014
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A trade which I forgot to post on Twitter.. probably a good thing as it was a loser but it was so very close to a winner! Anyway, I thought this was an interesting trade. I've posted this showing a 4 hour chart but I actually took the trade from the Daily, you can see the support area (in blue) more clearly. I went long the FTSE at 6589 see that there had been two days of falls and we were going to fall and hit support soon. Although support was at around 6560, I actually had my stop at 6540
September 18, 2013
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This was the chart of the FTSE a few days back when I went short... I was seeing some tails on the candlesticks and the market was overbought and looking ripe for a short. Where I went short was a slightly bearish bar despite there being a bullish tail showing buyers. To be honest, I remember feeling a bit overconfident with the trade was I'd been doing so well over the past couple of weeks...
The following day was when I felt that I was correct in my analysis as we were rewarded by a bea
November 29, 2012
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