FTSE

Possible long on FTSE on a break of 6708 ish as that would be a breakout of the bull flag:



dl.dropboxusercontent.com/u/20815047/FTS...TSEdaily22_11_13.png

Closed half @ 6656 - 100 points profit
SL for the rest moved to below breakeven to run as a free trade

FTSE has made a 123 high breakout (3= 6714)
FTSE leads the falls
Dow & Dax are forming bearish candles today

Be careful taking new long positions

Short FTSE @ 6758 after yesterday's bearish candle
SL above 6820



I have no risk attached long positions open

Ftse 100 daily chart....starting to look much better again

dl.dropboxusercontent.com/u/40497882/FTSE100_DailyOct13.JPG




Regards

WS

Ftse is approaching strong support(6386). If this level does not hold then this could signal a bigger correction. Normally id go long from this point but due to the hammer low being tested again im going to short this from 6382 with a 20 point stop. If this level gets taken out then new longs would be risky on shares.
Ive noticed a lot of shares approaching there main trend lines and if ftse breaks its major support then the trend lines may break at the same time. . So could be an interesting day ahead.


dl.dropboxusercontent.com/u/4899609/ftse7thoct.png

Hammer on today's daily chart for FTSE, right off 6388/6390 support:



dl.dropboxusercontent.com/u/20815047/FTS...TSEdaily02_10_13.png

The above is a futures chart but there was also a hammer on the cash chart. You know the score - look to enter half way down the candle with stops below the low.