FTSE

Remo/anyone, what kind of target area would you be looking for on this one?

this is for a short term trade....
if ftse can go above 6294 then this should move higher pretty quickly....this is from the 1 hour trading set up..You can see the price is trading with in a tight range and the fact that its hovering near the highs imply that it may be getting ready to break out...REMEMBER this is short term trading example.
So my order to go long is at 6294 with a 20 point stop based on the 1 hour trading technique.


dl.dropboxusercontent.com/u/4899609/ftse5min.png

Can we have a hammer ?

WaveSurfer wrote: ftse - very close int1 overlap..... time to rally ?

Some traders are saying that this correction is not going to last as long, so it is possible - especially given that it has been a bit brutal in terms of taking all of 2013's gains. That said, who knows... I mean one look at China's overnight declines sends shivers down my spine - and regrets that I didn't take out a cheeky short of course!

ftse - very close int1 overlap..... time to rally ?

Cheers WS. I've got that trendline at 6066 today so am long from there. Be nice to see a close above 6106...