Great Price, Great trade. Profit taken!!It doesn't always work out with such preciseness from any projection, but I am really pleased that the FTSE 100 has played out to perfection. This is my take profit area and even though there may well be a little bit more room to the upside, we are in a minor down trend and I'd like to see that take another dip before I buy and Hold. Seller will likely come in to the market tomorrow. Incase they don't however, I will be on the sidelines watching it play out.
Ftse100
Buy the FTSE but only for a day or twoLooking for longs in the FTSE has been my mission for quite sometime. I am always really comfortable as the Market sells off, as I have the knowledge to let me know a new Buying opportunity exists. This now however is not the case on the FTSE. Price has blasted through levels it needed to hold to promote another climb to lofty heights. Now all we have is a small window of opportunity to buy but not hold. I will target the same trendline but rather than looking for it to hold I will look for this to be the end of the run. We need to keep in mind that any longs can only be initiated with buy signals. As for the level.... I like the price!
FTSE Still selling, but it's not time to be onboardThe FTSE 100 is still flushing out the over confidence of the Bull run. There's no doubt about it, The FTSE 100 has seen some amazing gains so far this year. Negative global aspects are playing out here now though and now issues in Turkey are taking centre stage. As with the North Korean situation and the trade wars, I am seeing this as a buying opportunity. The Market still has some way to fall, but anywhere in the areas I have marked will be a zone I will be looking for for Buy signals and another opportunity to go long. For now though, lets sit tight and let the market sell off
FTSE 100 Trading Between ZonesWith note of the economics, for a while the FTSE 100 trading has mostly been contained to between the two zones, an area of support holding buyers at around the 7600.00 price, while the area around the 7800.00 has been keeping the FTSE 100 in check and acting as resistance stopping further upward movement.
The large amount of sellers at around the 7800.00 will need to be weakened if the FTSE 100 is going to reach the 8000.00 price mark.
Ftse 100 7th AugThe FTSE opened with a gap to the upside this morning. Gap's most often do one of 2 things. Firstly we can get a gap and go which is indicative of an aggressively confident sentiment, of we gat a gap and fade which closes the gap leaving the question of direction somewhat in the balance.
This morning's Gap and Go made buying into the market a tricky prospect as it surged to the upside with few opportunities to safely enter.
This is a 15 minute chart which no where near shows us the whole picture. The longer term time frames are still slightly weighted to the downside and I suspect today's high if seen again this week, will be the last time we see it for a little while.
Tomorrow I will be looking for the 7700 level to provide a short term up side opportunity which will eventually turn into a chance to sell and hold for a few days and into next week
FTSE UK Stock Index (Aug 2018)This will be my views of FTSE UK Stock Index (Aug 2018)
Please make sure to read the "update" comment as there will be changes along the way.
Cheers.
S0nic
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JD Hitting The All-Time HighLast post: June 30th. See chart .
Review: Price was heading up towards the previous all-time high.
Update: Price has now started to challenge the all-time high resistance level.
Conclusion: We need price to clearly break through the resistance level and stay above it, then we can start to look for long opportunities.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
FTSE 100 July 10thThe FTSE Still flirts with a breakout and this area may prove to be a decent selling opportunity. We are at or near the higher end of the range. The big thing here is WHY? We have seen the markets weaken off the back off specific incidence recently and it appears, so far at least, that those incidence do not exit today. I will be looking to see if initial weakness is bout up around the 7660 level. If we hold here we could end up with a morning of low volatility. The 7660 needs to be watched though, as a close beneath this level could make all the difference for a downside move.
FTSE 100 - Bullish 5-0The FTSE 100 is shaping up nicely on the 4h chart, I'm expecting this bullish 5-0 formation to complete within the next few weeks at the 50% retracement level.
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
We will be trading with a stop loss below the 0.618 retracement level at 7240. If we execute the trade, target is 7896.
You guys know what to do... Like, comment and share! More analysis on the way.
FTSE 100, falling wedgeFTSE100 continues to rage within the falling channel, looking more like a wedge with lower touches now. Today testing the resistance again after bouncing of 38.2% retracement, 200 SMA and resistance level in the way. FTSE looks bullish on dollar weakness. Though Brexit worries with David Davis resigning could spell for a weak pound later. Break above the resistance would signal a long or you can enter earlier if your risk permits. For Elliott wave a break above the previous X wave will negate the 'triple three' wave pattern.
Happy Trading!
Plus 500 Up 82 PointsLast post: June 8th. See chart .
Review: Price had just broken the previous resistance level.
Update: Price has now clearly broken that area and is making new highs.
Conclusion: We need to wait for price to close above the previous high before looking to go long.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading