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Starting from the current Ftse hod it’s possible we drop into the
weekend and then rally with a max high of circa 6500 then into
the toilet in 2015.That’s my take pulling in a few different forms of analysis and
it should be clear if we are not following this route.So with good stops it’s the only trade plan for me this side of
monday 5th Jan 2015 as I want a relaxing two week holiday.Never give up, never surrender.
Lots of talk by Fed and EcB and euro finance ministers is just
what the bulls wanted for Xmas. Range that against problems
caused by low oil prices(yes it is not all good news) and we
have to trade small with good stops or go on holiday.Never give up, never surrender.
Yawn….. Just woke up to spoos +20 ?? Wow proper shorter trap from yesterday….. Glad expiry stakes are only 25% norm…… Bah humbug lol
I am at this point contemplating……. (Watching the trend line)
short dow
short es
short oil
short dax
all on quarter stakes….. Eggs and baskets etc lol
Out of the Dax short pretty much as I was typing that post.
Small short on Ftse 6400 as a tester with no real financial risk
to my account. I may get annoyed if we creep ever upwards.Some poor traders must have been taken out by the rally then
rally then rally of the Dax and US majors. Atleast the Ftse
has been better contained this far.Never give up, never surrender.
It seems there are more bulls than bears and I am not just
talking about traders. Against bleak news we still rise
on hot air. We still have quad oe tomorrow and that is
too risky to trade in this type of market. So my plan
is to take my money and come back on 5th January.Never give up, never surrender.
To cover large downside breakouts I have entry orders setup.
I will look in from time to time to see how kpad is doing.
Never give up, never surrender.
http://www.rt.com/uk/215579-uk-oil-industry-crisis/
UK oil industry to collapse?!
yeh low oil prices rock!
cut my small longs .
back to pop n grind ala most of 2014……yawn
If we get no decent down today , tomorrow should be more up & might short a big + close around 2056/8 That’s my MOB area
? x 7 =56 its getting harder to get into this site I tell you !! 🙂
Oil potential double top target of 53.5ish mid week low if trend cant hold ?
lol arkangel – K must be asking one his kids to come up with that level of difficulty . Way too tricky for him . He only does +3/-3
FTSE 50% retrace now exceeded, seems it’s going for the 61.8 at circa 6515
Looking at the 2007 mirror(still unproven) touching that level
would be fine but alarm bells would start to ring if Ftse
continued higher. Hope that helps.My plan is to let the bulls play and short on the way down 😉
Never give up, never surrender.
lol arkangel – K must be asking one his kids to come up with that level of difficulty . Way too tricky for him . He only does +3/-3
lol Baaa, but no way, the +3/-3 game finished ages ago.
Its all been about +10/-10 and infact lately about +30/-30 lol.
Just last night I said today seemed like another +30 day and we have got it.
I had the best signal at the bottom (two days ago) but it was always all over to quad crooks oe, as they always seem to pull that game off.
I was just grateful as always for the fall as I got to close alot of shorts (which were all underwater) for 30/40/50 points a piece and also try a few longs which went out 20 points but then came in 20 points.
Its been a very good year trading.
Now its all over to crooks quad oe, xmas rally and then EOY.
As always for me SYSTEMS dictate my trades.
Plan your trade, trade your plan!
<div class=”d4p-bbt-quote-title”>Papillon wrote:</div>
FTSE 50% retrace now exceeded, seems it’s going for the 61.8 at circa 6515Looking at the 2007 mirror(still unproven) touching that level would be fine but alarm bells would start to ring if Ftse continued higher. Hope that helps. My plan is to let the bulls play and short on the way down
Cheers cimac, I haven’t seen the 2007 chart so yes it helps.
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