Still bullish but can the bulls break 7555? | trading signals analysis help

Quadruple witching today but a rise towards 7614 is 7561 holds early | 7658 above | 7514 below

20th October 2017
We actually got a bit of a drop yesterday with a sell off first thing, but it was very much blink and you’ll miss it as the bulls piled back in. Was a bit unfortunate that the FTSE 100 bounced at 7484 and missed the long order at 7475 though. There was no real reason for the drop, which started on the Hong Kong markets near the end of their session. Needed a slight change of plan though as the initial longs got stopped so flipping to shorts then buying it back up from lower worked quite well, though needed to be nimble. Overnight the markets have risen further, with the SP hitting 2574 out of hour, and the FTSE possibly seeing today as the day to break 7565. We also have option expiry today, so expect volatility on the FTSE 100 at 10:10 this morning, usually lasts 10 minutes and if it spikes up its something that can be shorted. It’s a quick trade so follow in the live rooms to play the expiry spike.


 

Membership

Want more detailed analysis for FTSE 100, DAX, Gold and S&P? Then please join our active members community.

What you get

  • Daily Analysis pre market open (sent around 7am each day) for FTSE, DAX, Gold and S&P.
  • Daily email pre market includes my trading plan for the day including ORDER levels, with stops and targets/limits
  • WhatsApp and webinars group membership for discussion and realtime trade updates

12 Comments

  1. Afternoon all.. got stopped out at 7533 last night. Back in from 7555 this morning for 20 points and again post opex. Interesting that despite absolutely everything going the bulls’ way we still haven’t broken out. Suggests a breakdown is on the horizon, especially now opex is out of the way. Would like to see a shooting star on the Dow but not holding my breath.. it’s certainly euphoric at the moment!

  2. Afternoon guys,well after I closed my long at 28 last night I had a change of mind so placed two small longs back……I woke up at 2.00 am to see a sell at 33 went back to sleep and woke up at 3.10 am amazing!! Looked at Ftse and Dow to see the rally and closed my two small longs at 54 and 52.3…. Making a few pounds while I’m asleep….I like that.

    Back to today I’m long again from 34….. 42 and 44… Expecting a sell off on cable later and some further Ftse gains…

  3. I have no idea what is going on here anymore. My son helped me to find this page cos I had no clue where to start. It is all rather confusing. I am worried I will not get my head round it.

  4. Just closed those three longs at a loss unfortunately….I thought it had some strength……more than likely they will make profit Monday but don’t want the risk….need to stop trading on Fridays they are expensive…

    Jack re the new style of Nicks Site…. I’m not keen myself…..couldn’t find my way round it at first……I think it’s lost its character but we will probably get used to it…. Having said that we are just guests really on Nicks site so he has to present it how he thinks fit………It does look more professional and maybe if that brings in more subscriptions well that’s the name of the game……its a business for Nick……..good weekend all…..

    1. Are you a member, anstel, just wondering? As funny as it sounds but I cannot afford it at the moment. My trading is not that advanced and my day job is part time. It’s not easy as it seems. Bye. Good weekend to you.

Comments are closed.