January 2016

[cimac]

Ftse short at 6050

Comments as per above re the potential for the bulls having
stolen the ball from the bears and the 5th February.

As we have broken up this would be a retrace trade unless
the market drops like a stone, which would be nice but
that remains only a hope and not a trading plan.

Never give up, never surrender.

[MAURITIUS]

Iransay they will mot support production cuts. Knocked the froth off the rally.

[cimac]

That 6050 entry point is a circa 0.618 fib retrace of the
most recent sub wave down. Sometimes it works.

Never give up, never surrender.

[cimac]

cimac wrote:

Ftse short at 6050

Out at 6028

Never give up, never surrender.

[cimac]

Short Ftse 6080

Never give up, never surrender.

[houdini]

just been scalping the upwards bias since yesterday,in and out.negative interest rates? wonder if thats gonna catch on? what a gamble.

[cimac]

Next Ftse fib is circa 6150 then circa 6330
for the 100% of the last sub wave down.

How this relates to the 5th Feb cit remains
to be seen because at this bonkers rate we
would likely go even higher but I think
this cit will be early, fwiw.

Never give up, never surrender.

[cimac]

A count for the Ftse from the low could be that
we are in an ABC and are now in c of C which
would explain the rapid move late today.

Never give up, never surrender.

[cimac]

Looking at the size of waves then 6150 is almost a
done deal for monday and the C could hit the 6330
zone without too much extending.

Only a truncation can prevent, imho.

Never give up, never surrender.

[cimac]

I want to keep my Ftse 6080 short in play.

I have just opened a long at 6100 as stops
are just a robot target.

Hedge trades are not my thing but it will
keep me safe over the weekend.

My plan is both trades will close at a
profit at some time in February.

Never give up, never surrender.

[houdini]

Think Monday will see the high imo,1945 spx for a start,then should price confirm its finding out if this is a “b” retrace or we going for the throat

[cimac]

Yes, monday should be fun.

Today the robots wait for shorts to entry then drive upwards.

I have managed to close my hedge gap by many small trades
in the last hour and then using profits to closed my short
and reenter higher. Tedious but it has worked and will
pay me back next week.

Never give up, never surrender.

[cimac]

By the constant use of dip, long, close, profits in many
small trades my short position is lifted quite a bit.

Short Ftse 6115 is the new entry.

Shame the market is 6125 atm but I can’t do miracles.

Never give up, never surrender.

[Author]

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