5 Min Index Trading

and a nice ftse Divi to boot ! day done... no focus on the dow - currently in a buy mode since open

Always nice to spend time with the children. enjoy it because they grow up so fast & after all there is more to life than trading

Macd never crossed below 0 ( i aint talking abt the histogram either -it's the Ma's on mcd) at any of those time you mentioned on the 5 mins chart:

dl.dropbox.com/u/40497882/ftse5Min_19thFEB.JPG

5 min still on a buy, but we need to apply some common sense here, i wouldnt buy here lol. just run with what you have. ftse now in the 80's

you can also look at shorter and longer timeframes to assess shorter and longer term trends but usually if you buy on 5 min chart u stay on 5mins.

hope that make sense and enjoy your time with the little one.

In the absence of an ability to trade indices, FX and gold I did what any sane man would do...I went out to build a snowman with my son lol

I'm not sure I'm seeing the same things as you WS. I see the buy signal with MACD cross confirmation at 08:30 this am, but I also see sell signals with MA crosses and MACD cross below 0 at 11:15 and 14:00. Are you on the 5 min chart too?

I'll try and be online to chat about it later.

For me the buy this am was clear from a wave count and (more importantly) from the test of the RSI(14) bullish divergence trendline (5 min chart).

Catch you later!

still no sell signal.

but at my number 6373..so taken some off here. let the rest ride now

no prbs Jacks...

I remain long since this morning, just taken a bit off to lock in, targeting -6373 (watch that number imo)for now to close some more off then lock in the rest or go cash.

Macd - 12 26 29
MA simple 5 & 10
rsi 5

Re: gold just posted under that thread

looking coming online - familia dependant at around 9ish

Re IG that sucks man, hope it gets sorted out

Not sure if I'll be on the online chat WS, depends what time? The sell signal has been superceded by a new buy signal now.

Re the weekly gold chart, how far back are you going? I can see the similarilty between gold since $1921 and the 5 min FTSE chart we've been discussing if that's what you mean (your abc correction), or are you referring to something else? I'm guessing the former since it's related to the thread.

Since we've been talking, I've developed some problems with IG (address not matching even though nothing's been changed) and not only can they not fund my account (you have to withdraw everything before you can change cards) but they have now also suspended my whole account lol!

No more trading FX, indices or gold for me until I can get this sorted.

The perils of having an overseas address!

Let me know what time you'll be online. I'm an hour ahead here and have the little one so can't promise anything ok? Thanks though.

Oh, in the meantime, what parameters are you using for your MAs and MACD? TIA.