Posts Tagged ftse trading
Yesterday, I showed how the FTSE fell when it reached the pivot level and dropped like a stone. Today, the market started below the pivot and as it was heading back towards it (that's the blue line in the chart below) at 7.45am UK time and then retraced, I saw that as an opportunity to enter short... so I did. The market did go as low as 6022 from my entry price at 6041 before shooting up... up to the pivot and then some more to take me out for -20! Oh well, I guess it can't always work!
May 4, 2011
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Lately I've been doing a lot of experimentation on different trading systems and timeframes. I particularly like a hands off approach giving me time to enjoy life.
I'm particularly fond of set-and-forget systems and one which was performing rather well is the Forex Morning Trade - click here if you want to have a look at it
Anyway, I'm also looking at swing trade FTSE100 companies using just a 6 day and 21 day moving average cross. I've done some backtesting and although it is very sim
April 9, 2011
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I had my day off today so I thought I would look at the charts for some trades early in the day before I went to the new Westfield shopping centre which has opened up in London.
The FTSE100 obeyed some nice technical signals I was able to capitalise... not to it's full potential but still, it's nice when you get a perfect technical day.
The first thing was the previou low of around 4200 at 8.30am when the market tested the level and bounced to 4240.. it then started to fall and for an inst
October 31, 2008
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