February 2017

[cimac]

I will not muck about as I want to have a short hold
above Ftse 7200 and I also want to go out today.

So lets give Dan a laugh …

Short Ftse 7202 – stop 8000 – limit 4650

Never give up, never surrender.

[cimac]

cimac wrote:

Ftse chart is the most interesting as if your use futs
it looks like a mini invhs which at this point could
be an ‘e’ wave or a ‘5’ so don’t be surprise if the
old dog exceeds mondays hod.

As it looked so it has done.

Never give up, never surrender.

[cimac]

Phew … I may have been in too early shorting Ftse but
atleast I avoided the Dow bullish stop run algo mess !

I am content to hold Ftse short as per post and see
what happens later this week.

Never give up, never surrender.

[cimac]

cimac wrote:

Short Ftse 7202 – stop 8000 – limit 4650

Close 7165

I want to see US close tonight and Ftse first hour wednesday
just to be sure we have had some sort of cit today.

I would rather day trade the points as that is something
concrete rather than chasing a potential pattern etc

Never give up, never surrender.

[cimac]

Short Ftse 7175 – stop 8000 – limit 4650

Not sure what we have seen today but as I have
no short position I will reinstate the Ftse
as I still want downside cover.

Never give up, never surrender.

[cimac]

I plan to short two of my favorite pairs
of Ftse 7200 and Dow 20100 today.

Never give up, never surrender.

[cimac]

Short Dow 20095

Never give up, never surrender.

[cimac]

cimac wrote:

Short Ftse 7175 – stop 8000 – limit 4650

Close 7165

I still hope to short 7200 later.

Never give up, never surrender.

[cimac]

cimac wrote:

Short Dow 20095

Closed 20078

I hope I do not regret cashing in Ftse and Dow shorts
but a profit is a profit.

Never give up, never surrender.

[cimac]

Short Dow 20100 – stop 21000 – limit 17500

That is enough for me as my downside cover.

I will take the rest of the week off and let
others decide where the market goes.

Never give up, never surrender.

[cimac]

cimac wrote:

Short Dow 20100 – stop 21000 – limit 17500

Closed 20050

I don’t know why.
I just hear these voices.

Never give up, never surrender.

[cimac]

A trap is being built and it’s not clear for whom.

In the US we could get another throw higher but
the downside risk looks larger by far.

On balance I am happier to day trade and have
that starting short in place.

Short Dow 20044 – stop 21000 – limit 17800

Never give up, never surrender.

[cimac]

I put a lot of effort into my analysis this month
and so far the Dows ‘h’ is within the +/- 1 day
of the bearish alignment starting on 6th Feb.

True bottom line is I want the Dow to hit my
target of 17800 before it hits 21000 or at
the very least punch down so that stops
can be trailed lower and bag profits.

It’s all a game so spin that wheel 🙂

Never give up, never surrender.

[cimac]

cimac wrote:

In the US we could get another throw higher but
the downside risk looks larger by far.

Another leg up on the Dow is possible as a 5th
of this move and it could target 20200.
That would be a pain for my short entry but
as it’s well inside my stop it would not be
a knockout and could tempt me to add
a 2nd short entry.

Let’s see what the US throws up today.

Never give up, never surrender.

[cimac]

Short Dow 20180 – stop 21000 – limit 17800

Part2 added.

Never give up, never surrender.

[Author]

Posts