FTSE

Hi Jackozy,

Do you have a limit in mind and do you normally use the 3 contract rule.

Thanks
Amo

PS learning so much from this site. Thanks again guys. Loving it

I agree that it looks a bit ropey but a breakout north on this should be quite significant so I could just reverse it.

hi jackozy
did not read about your stop...dohhhh
thats a fair risk...
tight stop is good on this trade
remo

Careful with this .
Its right near the apex of the triangle. This is the best area to breakout from.
Also you got to be careful due to the election result in america . Markets tend to be volatile the days after.
Normally id short this as well but im more cautious due to the election results. The ameriacn markets have a reason to rally a bit .
good luck mate.
remo

I'm now short on this due to main downtrend resistance:



dl.dropbox.com/u/20815047/FTSEdaily07_11_12.gif

Stop above previous highs of 5928 and 5932.

Sorry, use the 'screencast' link: the chart in the last post is incorrect