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27th November 2017

Morning all. Here is todays market discussion thread

Todays Post here

Nice long off 7390 to start the day

 

If FTSE can hold the 7420 level by US open there is a gap which will likely be filled to 7470, and I will be looking to be all-in.

Not sure why FTSE would finish the year weak, as interest rate outlook sterling is favourable, so IMO only a question of timing a decent end of year run.

Sell here with stop above 7435. It's still a bearish pattern overall as there's too much overlap as things stand. When the choppy move up is done, should see 7360 or lower before year end rally. If the EU agrees to talk trade, Sterling could break out to the upside which will pressure FTSE

Quote from Nick on 27th November 2017, 10:33 am

Nice long off 7390 to start the day

 

lol that's pretty much identical to what I've just done, but got out at 7420

Quote from Mcgcapital on 27th November 2017, 11:01 am
Quote from Nick on 27th November 2017, 10:33 am

Nice long off 7390 to start the day

 

lol that's pretty much identical to what I've just done, but got out at 7420

Nice one. Been a good bounce this morning. Watching 7440 and 7460 resistance

Quote from Nick on 27th November 2017, 11:36 am
Quote from Mcgcapital on 27th November 2017, 11:01 am
Quote from Nick on 27th November 2017, 10:33 am

Nice long off 7390 to start the day

 

lol that's pretty much identical to what I've just done, but got out at 7420

Nice one. Been a good bounce this morning. Watching 7440 and 7460 resistance

Yeah.. 7440 pivot and last week's high at 7460. I think if we get up there though my call of lower lows this week looks wrong. There was a decent reaction off 7435, enough so that it's something to sell against on the retest

Quote from Mcgcapital on 27th November 2017, 11:50 am
Quote from Nick on 27th November 2017, 11:36 am
Quote from Mcgcapital on 27th November 2017, 11:01 am
Quote from Nick on 27th November 2017, 10:33 am

Nice long off 7390 to start the day

 

lol that's pretty much identical to what I've just done, but got out at 7420

Nice one. Been a good bounce this morning. Watching 7440 and 7460 resistance

Yeah.. 7440 pivot and last week's high at 7460. I think if we get up there though my call of lower lows this week looks wrong. There was a decent reaction off 7435, enough so that it's something to sell against on the retest

Taking half off here at 7400, but think it's going lower to 7360 minimum next few days

Closed candle 4 hour support FTSE is 7395 so if holding above 7400 by 2.30 will double long with a tight stop probably 7385.

Certainly hovering around this 7400 level. Bulls defending the 7390