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1st February 2018

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Todays market discussion for FTSE 100, Dax 30, S&P 500 and Gold

Todays post here

Still in a nice downward channel whilst below 7560 so it’s a sell until that breaks. The US is still quite high in the range so this could go all the way down to 7400 or so.. need to see a countertrend rally to disrupt that. Maybe tomorrow will be a hammer candle with NFP.. but let’s see

Well I'm scratching around trying to find a bottom....had about five failed attempts ....one more and I'm quitting for now.

Quote from anstel on 1st February 2018, 1:28 pm

Well I'm scratching around trying to find a bottom....had about five failed attempts ....one more and I'm quitting for now.

Got a couple of entry's at 19.3 fingers crossed...

Btw Nick it wasn't the cookies....not sure what it was but I can log on as normal at the moment....I have had the forbidden thing about 3-4 times before...

Quote from anstel on 1st February 2018, 1:29 pm
Quote from anstel on 1st February 2018, 1:28 pm

Well I'm scratching around trying to find a bottom....had about five failed attempts ....one more and I'm quitting for now.

Got a couple of entry's at 19.3 fingers crossed...

Could really do with cable breaking strongly below the 50 sma on the 10 min.......its bounced off it now many times...

Quote from anstel on 1st February 2018, 1:28 pm

Well I'm scratching around trying to find a bottom....had about five failed attempts ....one more and I'm quitting for now.

No market is too high to start buying or low to start selling.. can’t buy this until it starts turning round. That being said, decent chance sterling holds $1.43 retest and we’re getting oversold on the daily so it might not be much longer before a bounce comes.. issue is when it’s trending down it can tank quite a bit before that comes.. look for a hammer

Quote from Mcgcapital on 1st February 2018, 1:49 pm
Quote from anstel on 1st February 2018, 1:28 pm

Well I'm scratching around trying to find a bottom....had about five failed attempts ....one more and I'm quitting for now.

No market is too high to start buying or low to start selling.. can’t buy this until it starts turning round. That being said, decent chance sterling holds $1.43 retest and we’re getting oversold on the daily so it might not be much longer before a bounce comes.. issue is when it’s trending down it can tank quite a bit before that comes.. look for a hammer

Yes Mcg I was analysing what I was doing earlier and because I was trying to nail the turning point I was entering in anticipation and I was wrong....still learning anyway got a 9. - 10 point buffer at the moment... Not worth it though I lost more points trying to get in early...

It with probably bounce off 30 next... If we can get past 30-35 I will be happier...

Quote from Mcgcapital on 1st February 2018, 1:49 pm
Quote from anstel on 1st February 2018, 1:28 pm

Well I'm scratching around trying to find a bottom....had about five failed attempts ....one more and I'm quitting for now.

No market is too high to start buying or low to start selling.. can’t buy this until it starts turning round. That being said, decent chance sterling holds $1.43 retest and we’re getting oversold on the daily so it might not be much longer before a bounce comes.. issue is when it’s trending down it can tank quite a bit before that comes.. look for a hammer

Interesting comment that Mcg..." Can't buy it till it starts turning around"....... Someone has to get the ball rolling ........but it's always good to stand on the shoulders of Giants I suppose...

Yeah looks like another cock up again great......

Quote from anstel on 1st February 2018, 2:10 pm
Quote from Mcgcapital on 1st February 2018, 1:49 pm
Quote from anstel on 1st February 2018, 1:28 pm

Well I'm scratching around trying to find a bottom....had about five failed attempts ....one more and I'm quitting for now.

No market is too high to start buying or low to start selling.. can’t buy this until it starts turning round. That being said, decent chance sterling holds $1.43 retest and we’re getting oversold on the daily so it might not be much longer before a bounce comes.. issue is when it’s trending down it can tank quite a bit before that comes.. look for a hammer

Interesting comment that Mcg..." Can't buy it till it starts turning around"....... Someone has to get the ball rolling ........but it's always good to stand on the shoulders of Giants I suppose...

I’m out of shorts now.. sat on the sidelines and waiting for a bullish turn to jump on. Could come from 7500-10 but not going to bet on it until I see it

Daily RSI at 30 now... looking at the chart there’s usually a very big bounce within 2 days of that happening even in the context of a wider downtrend. Decent rally will come within the next 50 points of downside would have thought

Closed those again lost too much today :0(

Looks like the Dow is just letting the air out slowly.....did the same in 2014/2015 time

I’m in long now from 7485... low leverage as my stop is pretty wide. Reckon we bounce and test the downtrend line next week, probably retest 7600 and then down again

Quote from Mcgcapital on 1st February 2018, 3:19 pm

I’m in long now from 7485... low leverage as my stop is pretty wide. Reckon we bounce and test the downtrend line next week, probably retest 7600 and then down again

I'm back in also between 91 and 505 in a spread position...

Added to longs, stop at 7470 and looking for 7540-60 initially

Quote from Mcgcapital on 1st February 2018, 6:27 pm

Added to longs, stop at 7470 and looking for 7540-60 initially

I'm not expecting plain sailing on this trade......Ftse does not seem to want to go up much as yet...its behaving in a way that I don't like...still time will tell..

I'm small short Dow and s&p.  It's a small range trade, which I don't usually bother with, but the bigger picture probably needs a little time to unfold.

Quote from anstel on 1st February 2018, 7:51 pm
Quote from Mcgcapital on 1st February 2018, 6:27 pm

Added to longs, stop at 7470 and looking for 7540-60 initially

I'm not expecting plain sailing on this trade......Ftse does not seem to want to go up much as yet...its behaving in a way that I don't like...still time will tell..

I've reduced my position I'm not happy with the price action......there's always another trade..

Quote from anstel on 1st February 2018, 7:51 pm
Quote from Mcgcapital on 1st February 2018, 6:27 pm

Added to longs, stop at 7470 and looking for 7540-60 initially

I'm not expecting plain sailing on this trade......Ftse does not seem to want to go up much as yet...its behaving in a way that I don't like...still time will tell..

Needs to hold above 7470 or its a dud.. hourly is potentially flattening though so could rally.. tbh if we get to 7470 I’d flip short. Just got to stay nimble and disciplined enough to cut out when wrong when it’s like this

Quote from Mcgcapital on 1st February 2018, 11:41 pm
Quote from anstel on 1st February 2018, 7:51 pm
Quote from Mcgcapital on 1st February 2018, 6:27 pm

Added to longs, stop at 7470 and looking for 7540-60 initially

I'm not expecting plain sailing on this trade......Ftse does not seem to want to go up much as yet...its behaving in a way that I don't like...still time will tell..

Needs to hold above 7470 or its a dud.. hourly is potentially flattening though so could rally.. tbh if we get to 7470 I’d flip short. Just got to stay nimble and disciplined enough to cut out when wrong when it’s like this

Ok Mcg ive pulled a lot of my positions off at 505 area........I'm expecting a drop at 1am Asia opening....not bothered if I'm wrong I can trade again... but I'm not happy ...

Quote from anstel on 2nd February 2018, 12:21 am
Quote from Mcgcapital on 1st February 2018, 11:41 pm
Quote from anstel on 1st February 2018, 7:51 pm
Quote from Mcgcapital on 1st February 2018, 6:27 pm

Added to longs, stop at 7470 and looking for 7540-60 initially

I'm not expecting plain sailing on this trade......Ftse does not seem to want to go up much as yet...its behaving in a way that I don't like...still time will tell..

Needs to hold above 7470 or its a dud.. hourly is potentially flattening though so could rally.. tbh if we get to 7470 I’d flip short. Just got to stay nimble and disciplined enough to cut out when wrong when it’s like this

Ok Mcg ive pulled a lot of my positions off at 505 area........I'm expecting a drop at 1am Asia opening....not bothered if I'm wrong I can trade again... but I'm not happy ...

Actually I pulled them off at 507 -508 area....better than I thought....wait now and watch...with less concern..

Quote from anstel on 2nd February 2018, 12:25 am
Quote from anstel on 2nd February 2018, 12:21 am
Quote from Mcgcapital on 1st February 2018, 11:41 pm
Quote from anstel on 1st February 2018, 7:51 pm
Quote from Mcgcapital on 1st February 2018, 6:27 pm

Added to longs, stop at 7470 and looking for 7540-60 initially

I'm not expecting plain sailing on this trade......Ftse does not seem to want to go up much as yet...its behaving in a way that I don't like...still time will tell..

Needs to hold above 7470 or its a dud.. hourly is potentially flattening though so could rally.. tbh if we get to 7470 I’d flip short. Just got to stay nimble and disciplined enough to cut out when wrong when it’s like this

Ok Mcg ive pulled a lot of my positions off at 505 area........I'm expecting a drop at 1am Asia opening....not bothered if I'm wrong I can trade again... but I'm not happy ...

Actually I pulled them off at 507 -508 area....better than I thought....wait now and watch...with less concern..

why are you still trading when the spread is huge and when it's out of hours?

Quote from TCGtrading on 2nd February 2018, 3:40 am
Quote from anstel on 2nd February 2018, 12:25 am
Quote from anstel on 2nd February 2018, 12:21 am
Quote from Mcgcapital on 1st February 2018, 11:41 pm
Quote from anstel on 1st February 2018, 7:51 pm
Quote from Mcgcapital on 1st February 2018, 6:27 pm

Added to longs, stop at 7470 and looking for 7540-60 initially

I'm not expecting plain sailing on this trade......Ftse does not seem to want to go up much as yet...its behaving in a way that I don't like...still time will tell..

Needs to hold above 7470 or its a dud.. hourly is potentially flattening though so could rally.. tbh if we get to 7470 I’d flip short. Just got to stay nimble and disciplined enough to cut out when wrong when it’s like this

Ok Mcg ive pulled a lot of my positions off at 505 area........I'm expecting a drop at 1am Asia opening....not bothered if I'm wrong I can trade again... but I'm not happy ...

Actually I pulled them off at 507 -508 area....better than I thought....wait now and watch...with less concern..

why are you still trading when the spread is huge and when it's out of hours?

Same reason you are watching......!!!!

Quote from anstel on 2nd February 2018, 4:02 am
Quote from TCGtrading on 2nd February 2018, 3:40 am
Quote from anstel on 2nd February 2018, 12:25 am
Quote from anstel on 2nd February 2018, 12:21 am
Quote from Mcgcapital on 1st February 2018, 11:41 pm
Quote from anstel on 1st February 2018, 7:51 pm
Quote from Mcgcapital on 1st February 2018, 6:27 pm

Added to longs, stop at 7470 and looking for 7540-60 initially

I'm not expecting plain sailing on this trade......Ftse does not seem to want to go up much as yet...its behaving in a way that I don't like...still time will tell..

Needs to hold above 7470 or its a dud.. hourly is potentially flattening though so could rally.. tbh if we get to 7470 I’d flip short. Just got to stay nimble and disciplined enough to cut out when wrong when it’s like this

Ok Mcg ive pulled a lot of my positions off at 505 area........I'm expecting a drop at 1am Asia opening....not bothered if I'm wrong I can trade again... but I'm not happy ...

Actually I pulled them off at 507 -508 area....better than I thought....wait now and watch...with less concern..

why are you still trading when the spread is huge and when it's out of hours?

Same reason you are watching......!!!!

I moved to Australia and trading AUX 200.

Quote from TCGtrading on 2nd February 2018, 4:09 am
Quote from anstel on 2nd February 2018, 4:02 am
Quote from TCGtrading on 2nd February 2018, 3:40 am
Quote from anstel on 2nd February 2018, 12:25 am
Quote from anstel on 2nd February 2018, 12:21 am
Quote from Mcgcapital on 1st February 2018, 11:41 pm
Quote from anstel on 1st February 2018, 7:51 pm
Quote from Mcgcapital on 1st February 2018, 6:27 pm

Added to longs, stop at 7470 and looking for 7540-60 initially

I'm not expecting plain sailing on this trade......Ftse does not seem to want to go up much as yet...its behaving in a way that I don't like...still time will tell..

Needs to hold above 7470 or its a dud.. hourly is potentially flattening though so could rally.. tbh if we get to 7470 I’d flip short. Just got to stay nimble and disciplined enough to cut out when wrong when it’s like this

Ok Mcg ive pulled a lot of my positions off at 505 area........I'm expecting a drop at 1am Asia opening....not bothered if I'm wrong I can trade again... but I'm not happy ...

Actually I pulled them off at 507 -508 area....better than I thought....wait now and watch...with less concern..

why are you still trading when the spread is huge and when it's out of hours?

Same reason you are watching......!!!!

I moved to Australia and trading AUX 200.

You must do a few night shifts then?  I've seen you post on here in UK daytime!!......good luck anyway.....

Quote from anstel on 2nd February 2018, 4:28 am
Quote from TCGtrading on 2nd February 2018, 4:09 am
Quote from anstel on 2nd February 2018, 4:02 am
Quote from TCGtrading on 2nd February 2018, 3:40 am
Quote from anstel on 2nd February 2018, 12:25 am
Quote from anstel on 2nd February 2018, 12:21 am
Quote from Mcgcapital on 1st February 2018, 11:41 pm
Quote from anstel on 1st February 2018, 7:51 pm
Quote from Mcgcapital on 1st February 2018, 6:27 pm

Added to longs, stop at 7470 and looking for 7540-60 initially

I'm not expecting plain sailing on this trade......Ftse does not seem to want to go up much as yet...its behaving in a way that I don't like...still time will tell..

Needs to hold above 7470 or its a dud.. hourly is potentially flattening though so could rally.. tbh if we get to 7470 I’d flip short. Just got to stay nimble and disciplined enough to cut out when wrong when it’s like this

Ok Mcg ive pulled a lot of my positions off at 505 area........I'm expecting a drop at 1am Asia opening....not bothered if I'm wrong I can trade again... but I'm not happy ...

Actually I pulled them off at 507 -508 area....better than I thought....wait now and watch...with less concern..

why are you still trading when the spread is huge and when it's out of hours?

Same reason you are watching......!!!!

I moved to Australia and trading AUX 200.

You must do a few night shifts then?  I've seen you post on here in UK daytime!!......good luck anyway.....

I still trade FTSE morning session. Only just moved out here. Been moving around the last year or so.

Quote from TCGtrading on 2nd February 2018, 4:30 am
Quote from anstel on 2nd February 2018, 4:28 am
Quote from TCGtrading on 2nd February 2018, 4:09 am
Quote from anstel on 2nd February 2018, 4:02 am
Quote from TCGtrading on 2nd February 2018, 3:40 am
Quote from anstel on 2nd February 2018, 12:25 am
Quote from anstel on 2nd February 2018, 12:21 am
Quote from Mcgcapital on 1st February 2018, 11:41 pm
Quote from anstel on 1st February 2018, 7:51 pm
Quote from Mcgcapital on 1st February 2018, 6:27 pm

Added to longs, stop at 7470 and looking for 7540-60 initially

I'm not expecting plain sailing on this trade......Ftse does not seem to want to go up much as yet...its behaving in a way that I don't like...still time will tell..

Needs to hold above 7470 or its a dud.. hourly is potentially flattening though so could rally.. tbh if we get to 7470 I’d flip short. Just got to stay nimble and disciplined enough to cut out when wrong when it’s like this

Ok Mcg ive pulled a lot of my positions off at 505 area........I'm expecting a drop at 1am Asia opening....not bothered if I'm wrong I can trade again... but I'm not happy ...

Actually I pulled them off at 507 -508 area....better than I thought....wait now and watch...with less concern..

why are you still trading when the spread is huge and when it's out of hours?

Same reason you are watching......!!!!

I moved to Australia and trading AUX 200.

You must do a few night shifts then?  I've seen you post on here in UK daytime!!......good luck anyway.....

I still trade FTSE morning session. Only just moved out here. Been moving around the last year or so.

Sounds nice ...bet your weather is warmer than in UK?.....this Markets a bitch at the moment.......

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