5 Min Index Trading

next number 6393

WaveSurfer wrote: ftse still remain is a buy

today's number is 6375.8

looking @ interim target 6420/50, we see nearer the time.

ftse still remain is a buy

today's number is 6375.8

looking @ interim target 6420/50, we see nearer the time.

not stupid at all, were are all here to learn and help so no issues. yes 'd like to see both for full confirmation.

imo as explained early you can have a sell whilst the macd is 0+ but its not confirmed and can be choppy...

its like this... when you eat a piece of fish you want the bit in the middle cos that's where most of the meat is and probably taste better than the head or tail right ? well for me anyway..., same principle applies i.e catching tops n bottoms (head of fish and tail)(going in early in an unconfirmed buy/sell - it may leave a bad taste in the mouth but when you get that confirmation you can increase the size of your stake and enjoy it with knowing you've gone into a trade that's technically confirmed.

i think its not that straight cut tho, it helps if you now the direction of the trend etc you still got to be thinking of your targets, your risk, your stoploss cos it could go against you at anytime, nothing is guaranteed, so common sense and discipline must be applied.

in fact Remo's - 1st hour trading would have worked today too, so combining what you know helps.

paper trade it and see how it goes.....

rgds WS

Sorry to sound stupid but to clarify, do you mean the 12 ma didnt cross zero into negative territory, which is what i think you mean.

Hi Amo,

RSI only use to assess oversold / overbought conditions but mainly to look out to see potential Divergences and confirmation of divergence has kicked in via this vs price

Hi guys, I've been lurking in the shadows silently reading this thread. All very interesting.

So Wavesurfer if the MA's cross, the MACD is giving a BUY/SELL signal, how do you use the RSI?

Jackozy did you call IG index? Any joy? I remember I needed to change payment details once and I had open positions, they did it over the phone for me as it wouldn't let me online. Being overseas may make things a little difficult though.