Cookie Policy

Welcome, Guest
Username: Password: Remember me

TOPIC: Ftse bounced of trendline

Ftse bounced of trendline 06 Nov 2012 08:26 #1

  • diver993
  • diver993's Avatar
  • OFFLINE
  • Senior Poster
  • everything is possible
  • Posts: 699
  • Thank you received: 1138
  • Karma: 25
screencast.com/t/628wueK6

4 hour chart bouncing around the 61fib... go down baby :evil:
The administrator has disabled public write access.

Ftse bounced of trendline 24 Oct 2012 14:40 #2

  • diver993
  • diver993's Avatar
  • OFFLINE
  • Senior Poster
  • everything is possible
  • Posts: 699
  • Thank you received: 1138
  • Karma: 25
Yes, if we don't break back above 5823 fairly quickly I think we will be visiting the long-term trend around 5,500 in the not too distant future.
The administrator has disabled public write access.

Ftse bounced of trendline 24 Oct 2012 14:03 #3

  • AdeMcG
  • AdeMcG's Avatar
  • NOW ONLINE
  • Junior Boarder
  • Posts: 191
  • Thank you received: 183
  • Karma: 6
Nice chart Diver, do you think if we fail to bounce above the 5823 level it will be forced much lower?
The administrator has disabled public write access.

Ftse bounced of trendline 24 Oct 2012 08:39 #4

  • diver993
  • diver993's Avatar
  • OFFLINE
  • Senior Poster
  • everything is possible
  • Posts: 699
  • Thank you received: 1138
  • Karma: 25
screencast.com/t/zG7uudimXk

Apologies for posting the chart as a link but I still can't get to grips with posting an image from the icons above.

It appears we bounced off a short-term oblique support yesterday having first brokle through a medium term support. It will be interesting to see what happens over the next few days?
The administrator has disabled public write access.
The following user(s) said Thank You: AdeMcG

Ftse bounced of trendline 23 Oct 2012 15:56 #5

  • AdeMcG
  • AdeMcG's Avatar
  • NOW ONLINE
  • Junior Boarder
  • Posts: 191
  • Thank you received: 183
  • Karma: 6
OFF a CLIFF ??

:/
The administrator has disabled public write access.

Ftse bounced of trendline 22 Oct 2012 06:47 #6

  • diver993
  • diver993's Avatar
  • OFFLINE
  • Senior Poster
  • everything is possible
  • Posts: 699
  • Thank you received: 1138
  • Karma: 25
FTSE100.png


I'm not a fan of this particular pattern but is this not a double top? (If the chart doesn't print my apologies: struggling a bit with the buttons :S
The administrator has disabled public write access.

Ftse bounced of trendline 18 Oct 2012 08:50 #7

  • remo
  • remo's Avatar
  • NOW ONLINE
  • Moderator
  • Posts: 3137
  • Thank you received: 5614
  • Karma: 113
forgot to mention that there is resistance at 5932..
so best put the long above that level so maybe 5936.

dyor
remo
Information Purposes Only, Do Your Own Research
remo
The administrator has disabled public write access.

Ftse bounced of trendline 18 Oct 2012 08:47 #8

  • remo
  • remo's Avatar
  • NOW ONLINE
  • Moderator
  • Posts: 3137
  • Thank you received: 5614
  • Karma: 113
dl.dropbox.com/u/4899609/ftse18thoct.jpg

This just bounced of the trend line perfectly this morning.
The first attempt rule did well on this.So would have made nice profit shorting.
If this heads towards this level again today i wont be shorting this as its already attempted that level
once today. If this breaks past that level this could really fly so that's another trade worth watching.
Theres always risks attached to trading the breakout but using stops would help you from bigger losses.
That trend line resistance is currently at the 5923 area. So i would be looking at going long past this level so maybe around 5933. B)



ftse18thoct.jpg




DYOR (do your own research)

remo :evil: :evil:
Information Purposes Only, Do Your Own Research
remo
The administrator has disabled public write access.
Moderators: remo

Time to create page: 0.061 seconds