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For your eyes only 😉
Short Ftse 7020
Target1 6820
Target2 6220
Target3 4020
Stop 7320Never give up, never surrender.
Ftse looks like it’s wants to slant upto 7039 zone
and the Dax maybe trying for 12k zone.
US markets have stalled under ath’s.I think all these patterns will resolve in a sharp
move with odds favouring down. However, we
must protect our trades against what seems to
be a lower odds up move.As pundits often say. “It could go up it could go
down. Please make out the check to so & so.” 🙂Never give up, never surrender.
German data at 06:00 08:00
UK at 08:30
US at12:30
All times gmt.Plus the Greece talks.
Day before a three day weekend either side of the pond
but I doubt it will be without many tradable moves.Never give up, never surrender.
Short Ftse 7020
Stop at b/e and will find a better entry if stop
is hit before I can guard a semi decent profit.Never give up, never surrender.
Ftse looks like it’s wants to slant upto 7039 zone
It is having a look at this zone and hence took my 7020
at b/e so my new entry is to short Ftse at 7040Have a great three day weekend kpaders unless your in
a part of the world with no monday holiday.Never give up, never surrender.
Just to add the next higher Ftse target would be 7087 resistance zone.
IF they did a Greek deal you could see the Dax spike to 12k and change.Should we continue to slant up next week then we are going to get very
near the Bradley on the 9th June which on my chart is in bold, one of
only three in 2015, fwiw.Never give up, never surrender.
Moved the stop too quick on the 7040 and that got eaten at b/e.
Then opened 7045 and I will let this run in the red, even if
the Ftse does want 7087 zone, which looks almost a done deal,
as this slant up has now got a last thrust up look about it.I shall nodoubt end the day with some sort of Ftse short !
Never give up, never surrender.
After much back and forth trading I have managed, at no cost,
to get improve my trade entry to:-Short Ftse 7061
That is me done for this week and maybe until September so
that I can focus on writing and holiday’s etc etc.I will post but maybe only once a week.
Never give up, never surrender.
Short Ftse 7061
The near 30pt drop is too tempting a profit
ahead of a 3 day weekend, so cashed it 🙂Never give up, never surrender.
Greece bailout / loan / funding, call it what you like, news
is a market mover, with very low volumes likely to increase
the size of the moves.Holding out of hours positions could be a big gamble, not
least of which, because we do not know the odds of it
being bullish or bearish news.But we do know there has to be news.
Never give up, never surrender.
Greece cannot make a repayment to the International Monetary Fund (IMF) due on 5 June as it does not have the money, the interior minister says.
“The four instalments for the IMF in June are €1.6bn, this money will not be given and is not there to be given,” Nikos Voutsis told Greek TV.Greece had two options.
1) To stop all payments to creditors unless a new agreement
could be reached.
2) Continue to make payments and agree to restructure many
parts of the Greek economy.It choose the later and hence is now in the hands of it’s
mixed bunch of creditors, mainly the EcB and IMF.These kind of agreements have to be 50-50 if euroland as
a ‘state’, has any future. Hence I think that we will see
a last minute deal. However, the future does not
look too good for euroland, all imho.Never give up, never surrender.
I wonder Cimac, if they want to use Greece as the ‘excuse’ for the whole system going down?
The banks and the powers that be will never blame themselves! God forbid!
Meanwhile, keep your cash away from the banking system, as this video explains…. One does wonder where the world is headed…
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