FTSE

Closed it at b/e (including 6 pip spread out of hours)first thing this morning as I had not sense that it would succeed.

could work... but take into consideration that this would be in effect the 3 touch of the upper line....so technically its weakening and chances are it could break through to upside...if it does it be approx 80/90 pips higher.... it was a powerful move of that lower line nrly 70 odd pips....

watch 6444/47 on any pullback for further clues.

funnily enough it does break out to the upside, there is a pivot on ftse @ 6572 - so break out of the tri and it be close to that pivot...co-incidence ?

make sure you got stop and if you in money at least take some and move stop in to prtect your position...

imo dyr.

rgds WS

Sadly I'm going to have to go, but appreciate the discussion WS. I'll leave the trade I've place as it's controlled reasonably I think. Will try to check back in later.

look dow 1min chart - inside bar 16:51 - then double top 17:02... until dow dont take the previous candle where inside bar formed, then it cant go higher...

828 dow goes higher, a break off 819 and stays below the dow continues to head lower...

828 -819 is key to watch....then we morph into longer time frames to assess...

Nice little triangle clear on the 30 min/15 and lower charts also at the moment. I'll be out soon so happy to leave that protected with the stop o/n. Will either come good or not, but it's been a good day playing it so far.

I actually caught some of that to the good and am currently short from the 64 area based on the descending trendline (tri). I've put a stop at 74 (tri top plus a couple of pips for the spread). Does that sound like a reasonable play at the moment?