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A tough day with Japan up, US up, Euroland down and Ftse in the middle.
Ftse pattern did hit 7075 in ooh and that’s what I would watch
in early rth friday as it may then need a run down to 7000If it blasts through 7075 then let it run.
Never give up, never surrender.
My analysis of Ftse ‘h’ wednesday and ‘l’ friday is not
a complete bust. The ‘h’ wednesday was very early.
Then a kind of ‘l’ today, which is VERY early.As for what we see in euroland rth friday, after this
bullish stuff across the pond, I would not like to
even try and guess. Maybe a big gap down 😉Never give up, never surrender.
So far euroland has not endorsed thursday’s US action.
Ftse xroads to either break 7100 and then on to new ath’s or
drop back and retest 7000, look like the near term alts.Never give up, never surrender.
Nothing has changed my view that April’s EOM has to be treated
with extreme care. It is not my intention to hold any trades
open over this weekend.Never give up, never surrender.
My analysis indicates we top sometime over the next two weeks
and so my plan is to reduce day trading and prepare for that.In an ideal world the Ftse hits 7200-7250 and that would get
me short for what I thnk would be a run down into Sep-Oct.If that does not happen then I may keep to a low level of
day trading and scratch my head re what’s going on !Never give up, never surrender.
Small short Ftse 7100 (stop 7340,target 4000) that should
allow me to get on with more important things in life 😉Never give up, never surrender.
Small short Ftse 7100
Move stop, this will be a winner, whatever we go
and now I must go and replenish my wine cellar.Never give up, never surrender.
Gold and Elliot Wave… This guy called gold’s top and drop. He is now turning bullish but expects a lower low first…..
http://www.gold-eagle.com/article/50-year-gold-price-projection
Dan u no wot I mean 🙂
Stop hit on Ftse short so will reenter at some point.
Still showing the EOM special on my analysis and the odds
favour an ‘h’ around that time. So I will take care re any
shorting before then.Never give up, never surrender.
I have read the s&p 2150 expectations and I would not rule
that out as I think the old Ftse dog can do 7200-7250It’s not just the bears that are at risk because when the
bulls get too bullish it signals the time for a drop.So all in all we have potential for a blow off top and
a truncation.Many traders have gone, both pro’s and am’s so don’t
join them and let this potential CIT playout first, as
there will be plenty of chances to profit if we do
start a new trend down, maybe multi year.Never give up, never surrender.
Ghost limit orders etc.
Many trading accounts will allow you to place a limit order
beyond your current margin. If the order is hit, then my
account would not open it unless I did have the margin.This is a loop hole as it allows the illusion that large
orders are waiting at certain levels.Never give up, never surrender.
Some of the good traders I listen to have today as the top.
That goes against my analysis but I respect others.
Today up tuesday down wednesday up thursday up friday down
is another I have seen and that is more in tune with me.Never give up, never surrender.
Smart traders are staying away.
Gamblers are betting the US follows euroland with
a pop, drop, grind back up, routine.Never give up, never surrender.
Well the analyst who had monday as the high of the week
must be feeling good now, with stops in, just incase.We still have FMOC and for me the unusual data that my
own work points to at EOM.I have a feeling that I will be watching this week and
trading next week, let’s see how it all unfolds.Never give up, never surrender.
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