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12th January 2018
7793 and 7816 resistance today
I give up until something half decent sets up.. the last few weeks have been a joke. Sterling looks to be breaking out of its trading range yet FTSE is still up. The moves aren't making much sense to me. It's a bubble so extremely hard to trade rationally. If you want to trade it then have to keep buying into resistance with a stop below the previous days low given we now aren't even able to make a lower low from one day to the next. Dangerous market to be involved in so I'm out
Quote from Mcgcapital on 12th January 2018, 11:55 amI give up until something half decent sets up.. the last few weeks have been a joke. Sterling looks to be breaking out of its trading range yet FTSE is still up. The moves aren't making much sense to me. It's a bubble so extremely hard to trade rationally. If you want to trade it then have to keep buying into resistance with a stop below the previous days low given we now aren't even able to make a lower low from one day to the next. Dangerous market to be involved in so I'm out
Need to adjust according to the market conditions. As you said, previous daily lows are holding so need to be buying supportive areas, with a realistic target. Then repeat, dip buy etc
Bang on with the resistance today Nick!