NFP report 182k | 7612 FTSE 100 resistance | 7555 support

86 Comments

1. Well that cleared some shorts out, mine and others I expect.

   Hit all my SL limits…added shorts again this am.

   FTSE at 6790, DOW at 21202, Dax at 12790.

   Hoping for profit taking Friday and poor NFP

   1. Sharp rise on Dax – blasted through fairly key resistance at 12766 without so much as a look back!

2. Still in shorts

3. Morning chaps :0) had a great nights sleep….got long this morning at 74.8 saw 97 but missed it like a plonker….was waiting for a push over 7600 and got greedy….OK so that was a cock up,holding long from 7574.8 resonable size …good luck all…

   Hey Si,,,,,today is not the day either :0)

   1. I reckon we could hit 7610 as well…..just of the feel of things…..not technical..

4. So last night, I thought I saw a headline on Bloomberg “NKY Hits 20,000”. Short, I thought, with a stop at 20244. B*gger me if it didn’t clip that and stop me out during the night! Un-bol-ee-va-ball. #rigged

   1. 20176 currently. Seriously hunted down and killed.

5. Short 7567, target 7500.

   1. Will you give it a rest :0)

6. Caution. Everyone thinks it will fly, for that alone it may not.

   1. Good point…

      1. Well apart from the 85% short on IG if that’s still the case!

7. Don’t like that death cross on 5 min Ftse….bit of a bounce would encourage me :0)

   1. You’ll get your bounce – once it’s tapped 7500. 😀

      1. Cheers lol :0) think I will tip some boiling water on another teabag,I might be waiting a bit longer :0) 7600 7600 7sixxxxxx :0)

8. Si turns the market once again! I swear I’m living in a parallel universe and what I’m seeing on IG is made just for me in my own little world. I short at X, it rises, it bounces of X. If it ever comes down, it stops just shy of X before reversing higher. Then I’m stopped out with inches to spare and it falls below X. Wow.

   1. Let’s see – I’m stopped out. Now let’s see if it goes below 7567 🙂

   2. Oh, hello 7567! And yes, reversed after I’d been stopped out. Oooh.

9. 🙂 fun and games

10. New short, crude, 4750 🙂

    1. Oil is going to get smashed here. Max short!

       1. HAHAHA. Right, that is it – I am offski. Clearly not my day!

11. Try a small long Si at 54-55

    1. And wait :0)

       1. We want to get above 50 sma next on 5 min

          1. It will probably stall around 74 for a bit..

             1. A cable reversal should help

    2. I don’t do longs 🙂

       1. Fair enough :0)

12. Been long gold for 3 weeks. Sweet. Still a hold. Nearly 5 figure profit to date.

    1. Nice :0)

13. Don’t really want the Dow to lose interest ……or Si will be annoyed he’s not short….. :0) unless he’s put a sneaky short on to feed the addiction :0)

14. I’m still short across all of them! Holding my nerve, waiting for a sell off?

    No doubt it will rise and F&£k me over!

15. I’m back! Short DOW 21146

    1. By the law of averages I must be due a big winner! 🙂

       1. Sooner or later you should nail it…..the old martingale theory or whatever it is :0) ……kicking myself for not taking a big chunk of blue this morning…..I got that trading paralysis ,don’t get it as much but this morning I got brain fade…..numbskull trading at its best !!!!

16. Great now the DOW is rising. How big was your short Si…have you moved the market?

    1. Sorry about that 😉

    2. I need to get out of this dow trade… a bit too rich

18. Come on Ftse get yourself sorted out and let’s have an attempt on the 90s at least….if your not going to break 7600 grrrrrrrr….

19. I want to see some blue numbers.

    1. Anyone else get a warm feeling looking at blue numbers? Odd isn’t it, never really thought about it. It’s like the world is lovely, the sun is out and the money god is giving you warm cuddles.

       1. It’s great isn’t it …….then all of a sudden the colour changes and it’s off to the laundrette again :0)

20. Closed all bar one FTSE short and double downed on the Dow.

    Come on let’s have it!!!

    1. Indeed. Let’s go. Bounce off 21190

       1. BOUNCY BOUNCY

21. I’m going for a 5:30 fall?

22. Loaded shorts into s&p…that is overbought by anyone’s measure

23. Oil getting crushed. Surely enough to drag these ballbag markets down…

24. It’s bear city on here….:0)

25. I’m so short it stings.

26. FTSE looks like a big move coming

    1. It does a bit :0( might have to dump this…

       1. Might flip to sh@rt :0)

          1. Mind you I have a 10% rule when it looks really bad leave it a bit longer…..about 10 % then if it’s not behaving dump it…

             1. Off to the laundrette :0)

             2. I think Ftse is being sold off deliberately…

27. Ftse is not happy …… oh b@llocks :0).

28. The real action may come later at about 6:30-7:30

29. I’m alert now :0o

    1. No ….There was a lot of effort getting it to 7600 area holding….

       1. Definitely not flippin to short…

          1. Sneaky market this Ftse…

             1. That 10% rule is pretty good…

             2. Come on ….. game on ….back to original plan :0)

             3. Come on ….. game on ….back to original plan :0)

             4. Think I better shut up I’m posting to much……

30. Oil just made a lower high. It should be all over from here!

31. Wow. Just crazy.

32. Great..IG has gone down now!

33. My IG froze up for ages and I thought it had just gone quiet!

34. If I come out of this alive, I will tell you about it. Bad times.

    1. Si are you still short Dow from 21146 at Si size?…..it’s the Si size that worries me :0o

       1. I’m still long Ftse from 74.8 @80……

          1. What’s the biggest size you have traded Si?

             1. My biggest was 360 3 points for a grand…..too big that was….

                1. That’s a lot, but with stop loss on low volume I can see why.

                   Mine is about 50 on s&p and it wiped me out.

                   I’m sure Si said he did 1000 a point on some fx trade a while ago.

             2. Sometimes though if the Market is trading in tight ranges and relatively stable like from jan to Mar I think it’s justified but extremely carefully…

             3. Yes it’s interesting size…..i have quite a lot of success trading 30 or 40 pp but maybe ten trades a day that way the risk is smaller and you make it on the quantity….when you get bigger the pressure gets a lot more but one good trade can make or break your week or break 4 months work !!…I noticed also when your trading 200-300 or higher for a period of time…then it seems too small trading 20….. In the real world £200 a day is a lot of money..you need to keep it in your mind what £100 is worth and respect the money but also be indifferent to it when it’s being used as a vehicle in trading….good luck Morko…

             4. This is an interesting video for Morko , Si, Icarus, part of it is about the perceived value of the markets…..worth considering before we think it’s at all time highs…..lets short it……….. https://youtu.be/9UVP5kxT-AA

35. Ftse is meeting a bit of resistance at 62.8 but if it can break through which I think it can should get some gains into the close..

    1. Yes I think a drop on cable soon…..

       1. Well I closed my long at 65.5 for 9.3 points loss at 80….. I’ve traded badly today,I had all the gains at 97 and messed it up……got greedy and I know better…..more work needed on my mental game…..still a very good week overall but I’m really annoyed with myself at today’s pathetic performance…….I will take further steps to improve this area of my trading……on a positive side two trades at 35 for 11pts will redress the loss next week so that’s first job…….I have no Ftse risk over weekend…..and I have made good gains overall so I’m going to allow myself a mistake and pat myself on my head for my good trades earlier this week……..My school report said it all really……good with occasional lapses……grrrrrrr :0) good weekend all….

36. My ftse short is 35 points underwater… only in £10 a point so I’ll live with it until next week. Anybody else think cable is going to take an unexpected dive early part of next week?

    1. Reply above by mistake….good
       Luck…

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