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This month has already given traders plenty of moves and we hope for more.
Never give up, never surrender.
If you think the Ftse will hit 6000 and 7000 but you do not know
in which order then you could always buy and sell at 6500Hedged trades are not for everyone and they take the same
kind of focus that day trading requires.At the start there is zero risk but you have to close one of
them at your price range and then your in a normal trade
with it’s risks.Never give up, never surrender.
Last week I posted that friday monday tuesday were key to understanding
what the market is doing and atm have we found a low which could be a
possible support for a rally in price and time.Well the bulls took friday and are favorite to take monday as we do
tend to get bookends with action in the same direction.So monday the bulls want to gap and go and the bears want to
compress the move by gap and crap or just not gap.It should be fun.
Never give up, never surrender.
Took what was there on my usd:cad short for +9pips as
it was just an over the weekend play and not part of
my core interests.Quotes seem to indicate we may get Ftse 6558 which
really is the minimum bulls require in rth.Never give up, never surrender.
Ftse bulls have made the push and got above the 6558 sandline
which the bears will want to take back a.s.a.p. so we could
see a tug-of-war here.Today favours the bulls and tuesday favours the bears so we
can see who gets the best out of their windows 🙂Never give up, never surrender.
Apart from the usual Ftse Dax and US I have also been
looking at FRA ITA AUS JPN stock markets for clues.US stands out as the main bull with some of the rest
not looking too interested which would be expected
as the main driver appears to be US data.Never give up, never surrender.
With Ftse at 6575 …. the next 150pts contain some odd minor
wave resistance pts so bulls would do well to tag 6725 so
that is the big test, imho.Where Ftse ooh is at US close and early doors rth tuesday
is likely to be the bulls best chance as after that we
could see the bears have a real go for two days.Never give up, never surrender.
Taking a cross reference of the markets mentioned earlier.
These moves are too erratic and do look like a 4th wave
ie we have not finished with the downside, all imho.Never give up, never surrender.
Dax has been the standout market today with the early gap up, to
cover friday’s holiday, then back down to test lastweeks low !Never give up, never surrender.
I think the bears have to get the market lower and they
have a chance today and tomorrow which they must
use or the bulls are taking the market much higher.My window for a low was in the first half of October
with the centre on 8th but if the low was lastweek
it’s in the window but early which is bullish.I am not convinced the October low is in but like
all day traders I trade what I am given to trade 😉Never give up, never surrender.
Dax is weak as we noted yesterday, others are not near the
lows of lastweek and watch out if they do as a lot will
ride on that and markets would tend to pick up speed
regardless of which direction they decide to take.I am trailing short stops, would like a new low but will
take profits and trade a move for new highs if that is
what we get.Never give up, never surrender.
Most stock markets could look for the August low if things get bearish
but that does not apply to Ftse and Aus as they are in different
patterns and broke those lows lastweek.Never give up, never surrender.
Keep trailing stops in the US just incase we are only going
back down so that big players, who missed the rally,
can fill their boots.Never give up, never surrender.
In a period like this when the market has a lot to decide
it could be the last 30mins of US today and the first
30mins of europe tomorrow, are both quite lively 😉Never give up, never surrender.
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