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With this mornings rally from the Dax, we should prepare
for some upside in the Ftse and s&p etc on tuesday.Not too much of a shock here as ‘K’ did post that he had
a higher target for the s&p.If the Ftse were to rally then I may short it but would
want atleast 6850 for another small short entry, fwiw.Never give up, never surrender.
A new moon on wednesday, maybe a high, within it’s +/- 2 day window.
Never give up, never surrender.
I am surprised the reaction to the euro elections was positive. I think its bad news so far as markets are concerned…
Given it was a WNER day Cima nd Dan, I had no interest in sitting here. Just a day of total NPR pollux.
Now I am close to calling 70-130 point down move.
Lets see what happens tomorrow. Problem is because CASH markets in US were shut so shut we can get another WNER tomorrow also.
What we do have coming is June crooks quad expiry and that will be crucial to either last mega hoorah (which is going on now with these NEW HIGHS) or tank into it.
Either way its all coming to a plan
Plan your trade, trade your plan!
Got stopped out on my Dax short with the 2nd run at 9900
and will now leave it until it does a CIT.My s&p short got stopped but that was a tight stop.
So until we see downside I will just run my Ftse 6852
as a guard against a sudden drop … if we get one.Never give up, never surrender.
Dax runs ahead partly due to the notion that the ECB will
be priming the QE pumps. As when the disheartened meet
to discuss the poor showing in the elections, they will
find the Germans don’t want QE because they will be the
ones who pay the most. Stalemate.Never give up, never surrender.
Closed the Ftse at 6842.
Next I intend to see if the new moon causes a cit and will set up
some short orders which most likely will not be hit but may if we
blow off.Dax 10000 s&p 1920 Ftse 6875 all small short entry orders to run
whilst in the new moon wednesday +/- 2 day window.Never give up, never surrender.
My day got better as I returned to intra day trading
which is what I prefer over positional trading.However, I have opened a small short at Dax 9930 to
run in the background.Never give up, never surrender.
Indeed Cim thats good news.
To make 20 points in that Long really just shows what we are dealing with.
It went down to 1864 as soon as I took it.
Yet it was bought for this “spike plan”.
I still feel I have spooked out and really tried my best to ignore it but with the”hint” now of a 70-130 point move down or atleast a 20-30 point break (-13/-17/-23/-30 day) I have to take it.
So far I like todays pop and madness. It need to go completely utterly mad. Ie literally like a bad medical condition before it starts to die. They can give any more medicine they want (like QE) but once its dying it will do just that.
The end is nigh just only a question of how high first. COuld be any day, could be super spike to 1920/1940/1960 SPX even.
June expiry is coming but I am sure we get a good down before then even if it is not dr death
Plan your trade, trade your plan!
Cheers ‘K’
We must adapt to these markets or die out like so many
traders have, last year and this.For me the plan is to keep a few small short trades in
play at all times and then do what I like best, which
is those small trades, up or down, many times a day.Never give up, never surrender.
Ftse still looks to me like it would rather test 6000 before 7000
and trading this idea has been my best play apart from the call
to short the zones Cable 1.70 and Euro 1.40 fwiw.Now, I don’t think stock markets have peaked but do think they
need a wave down before going quite a bit higher again.IF the other stock markets dip then the Ftse can do 6000ish
and then 7000ish. IF we were to fall into July then rise
into November, it could fit with two main Bradley dates.Never give up, never surrender.
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