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26th October 2017
Quote from
Nick on 26th October 2017, 7:21 am
Morning all. Today's discussion thread
Morning all. Today's discussion thread
exited short this morning at 53 didnt want to be holding above 50, still half a percent all-in not bad since yesterday. Better than the bank.
Charts are messy with alot of stuff ranging, so staying out but hoping for a rise in stocks to sell into later.
On FTSE could now easily see a retrace to 7500 area but I dont fancy buying into it.
Gold could be a buy if dollar falls later but price action around 1280 has been woeful last few weeks and another one to get the apache treatment.
exited short this morning at 53 didnt want to be holding above 50, still half a percent all-in not bad since yesterday. Better than the bank.
Charts are messy with alot of stuff ranging, so staying out but hoping for a rise in stocks to sell into later.
On FTSE could now easily see a retrace to 7500 area but I dont fancy buying into it.
Gold could be a buy if dollar falls later but price action around 1280 has been woeful last few weeks and another one to get the apache treatment.
Quote from
Nick on 26th October 2017, 9:37 am
Nice hold of 7430 yesterday. Didn't expect it to get that low!
Nice hold of 7430 yesterday. Didn't expect it to get that low!
Weakening pound helping the rise, will be watching for dollar reversal later this afternoon and hopefully a good shorting opportunity.
Weakening pound helping the rise, will be watching for dollar reversal later this afternoon and hopefully a good shorting opportunity.
Quote from
Nick on 26th October 2017, 10:29 am
Just got a bit overbought at 7480 on that cable driven rise to there. Bulls building on the 7430 bounce
Just got a bit overbought at 7480 on that cable driven rise to there. Bulls building on the 7430 bounce
Quote from
TCGtrading on 26th October 2017, 10:31 am
Short from 78. Standard retest of the breakout area. Would think there is 30-40 points here to be taken.
Short from 78. Standard retest of the breakout area. Would think there is 30-40 points here to be taken.
Quote from
Mcgcapital on 26th October 2017, 10:41 am
Agree TCG. Pivot backtest to get short from. We've spent 3 weeks holding 7490 and then a clean break yesterday so would imagine that will hold for a while. Also looking at a head and shoulders on the Dow. 23375-23260-23480-23260-23375? Then break of neckline at 23260 leads lower
Agree TCG. Pivot backtest to get short from. We've spent 3 weeks holding 7490 and then a clean break yesterday so would imagine that will hold for a while. Also looking at a head and shoulders on the Dow. 23375-23260-23480-23260-23375? Then break of neckline at 23260 leads lower
Be very surprised if it doesnt get up to 7490 later.
Be very surprised if it doesnt get up to 7490 later.
Quote from
TCGtrading on 26th October 2017, 11:05 am
It was turning over for a couple of weeks now. The break yesterday should be significant. I don't think the FTSE holds such a tight range for 3 or so weeks then comes off an extra 50 points without more downside. I think we get an extension to the original range. So we maybe playing 430 - 500 for now. But I can see a stronger move down coming.
It was turning over for a couple of weeks now. The break yesterday should be significant. I don't think the FTSE holds such a tight range for 3 or so weeks then comes off an extra 50 points without more downside. I think we get an extension to the original range. So we maybe playing 430 - 500 for now. But I can see a stronger move down coming.
The ship has been steadied.
The ship has been steadied.
Quote from
anstel on 26th October 2017, 1:06 pm
Still running my 42.3 long Ftse from yday....
Still running my 42.3 long Ftse from yday....
Quote from
Cowboy on 26th October 2017, 1:08 pm
Hard to know. Potential for US to consolidate sideways for a while and form some sort of flag. Lots of money probably ready to deploy at this time of the year and seasonal bias backing that. Going mad on shorts isn't my cup of tea just yet.
Hard to know. Potential for US to consolidate sideways for a while and form some sort of flag. Lots of money probably ready to deploy at this time of the year and seasonal bias backing that. Going mad on shorts isn't my cup of tea just yet.
Quote from
Mcgcapital on 26th October 2017, 1:28 pm
Made a schoolboy error today. Completely forgot about the ECB meeting. Definitely wouldn't have been so quick to sell if I'd known about that! However, analysis is still the same.. should sell off post Draghi. Politico reporting Yellen has been told she won't be reappointed. If that's not bearish I don't know what is...
Made a schoolboy error today. Completely forgot about the ECB meeting. Definitely wouldn't have been so quick to sell if I'd known about that! However, analysis is still the same.. should sell off post Draghi. Politico reporting Yellen has been told she won't be reappointed. If that's not bearish I don't know what is...
Quote from
anstel on 26th October 2017, 1:52 pm
Sometimes it's really hard sitting on your hands.....had a moment of weakness bought on that last little drop small size and out for two points profit.......arhhh that's better :0)
Sometimes it's really hard sitting on your hands.....had a moment of weakness bought on that last little drop small size and out for two points profit.......arhhh that's better :0)
I might short that line from yesterday after 2pm if its still resistance
bounceshown on 15 min chart looking tired?
I might short that line from yesterday after 2pm if its still resistance
bounceshown on 15 min chart looking tired?
ECB was dovish extended the asset purchase program.
ECB was dovish extended the asset purchase program.
Quote from
Mcgcapital on 26th October 2017, 2:03 pm
I might short that line from yesterday after 2pm if its still resistance
bounceshown on 15 min chart looking tired?
That's the play.. should hold given it took ages to break it down
I might short that line from yesterday after 2pm if its still resistance
bounceshown on 15 min chart looking tired?
That's the play.. should hold given it took ages to break it down
After much agonising bought a load of gold based on yesterdays candle as the least risky option available.
After much agonising bought a load of gold based on yesterdays candle as the least risky option available.
Bloody yanks will probably come out charging but might short ftse with remainder of capital under 7490 after 3pm.
Bloody yanks will probably come out charging but might short ftse with remainder of capital under 7490 after 3pm.
Quote from
Nick on 26th October 2017, 2:13 pm
After much agonising bought a load of gold based on yesterdays candle as the least risky option available.
Good call :). I'm long at 1276 today
After much agonising bought a load of gold based on yesterdays candle as the least risky option available.
Good call :). I'm long at 1276 today
Just need kim jong to declare war on catalonia...
Just need kim jong to declare war on catalonia...
I bought gold at 1277 and will double up a bounce off 1270 or 1265. No stop.
I bought gold at 1277 and will double up a bounce off 1270 or 1265. No stop.
Quote from
Jack 2 on 26th October 2017, 2:30 pm
Quote from
anstel on 26th October 2017, 1:06 pm
Still running my 42.3 long Ftse from yday....
Brave call anstel. Do you have any target on that? I have easy days, just 10 points in 1minute on ECB opening. It didn't open a trade a few times from the phone. I was annoyed as missed 13010 had to take higher. GL on your trade.
Quote from
anstel on 26th October 2017, 1:06 pm
Still running my 42.3 long Ftse from yday....
Brave call anstel. Do you have any target on that? I have easy days, just 10 points in 1minute on ECB opening. It didn't open a trade a few times from the phone. I was annoyed as missed 13010 had to take higher. GL on your trade.
I should add i bought gold in pounds as dollar appears to be breaking out and thats how i play it.
I should add i bought gold in pounds as dollar appears to be breaking out and thats how i play it.
Quote from
anstel on 26th October 2017, 2:50 pm
Little scalp there from 78.5 out for 6.5 pts....Jack I'm not really expecting it to push over 500 to be honest so my target is 97 at the moment..... Mind you you can live in hope....I added from 65.8 as well .......
Little scalp there from 78.5 out for 6.5 pts....Jack I'm not really expecting it to push over 500 to be honest so my target is 97 at the moment..... Mind you you can live in hope....I added from 65.8 as well .......
Quote from
anstel on 26th October 2017, 2:53 pm
There's a nice lack of interest on cable which might help.
There's a nice lack of interest on cable which might help.
Quote from
anstel on 26th October 2017, 2:54 pm
And the Dows not oversold on the 5 min yet either....
And the Dows not oversold on the 5 min yet either....
Thats me for today. Think stocks not weak. Hope for contined dollar strength, pound weakness, and gold to rise or not fall much from here would do.
Thats me for today. Think stocks not weak. Hope for contined dollar strength, pound weakness, and gold to rise or not fall much from here would do.
Quote from
anstel on 26th October 2017, 3:17 pm
Added at 74
Added at 74
Quote from
anstel on 26th October 2017, 3:19 pm
50 % mental fib from 89 about 65 so I'm in too early I think....but might be ok
50 % mental fib from 89 about 65 so I'm in too early I think....but might be ok
