UK100 - WHAT SHOULD WE DOTeam, with the UK100, we killed 2-3 times yesterday.
let be very careful today,
we are looking to enter long UK100 at 7682-86
and would consider adding more 7960-7976 ranges,
STOP LOSS at 7920-26
Our target 1 - 8005-8015
Target 2 at 8036-45
Target 3 at 8076-84
Once it hits our first target, please take some PARTIAL and bring stop loss to BE.
UK100 trade ideas
UK100 - TIME TO ENTRYTeam, apologies for late post
We should send out earlier to entry LONG UK at 8030 ranges
however never too late.
Here are some rules and strategy for the UK
entry now at 8030-8040 ranges
add more at 8016-8006
double up at 7960-7976
STOP LOSS BETWEEN 7915-32
Remember to have some room for stop loss, you can reduce the volume.
Target 1 at 8076-86
Target 2 at 8105-8115
Target 3 at 8135-65
Please note: take some partial at 1st target and bring stop loss slowly
UK100 Approaching Key Support Zone for Potential ReversalHello,
CAPITALCOM:UK100 has encountered resistance at the 1M pivot point, leading to further downside movement. Currently, the price is approaching a strong support level at 7942.9445, which has historically held and may present a challenge. The zone between 7954.7045 and 7942.9445 is a potential reversal area, where the price could turn back upward. However, if it establishes itself below this range, further downside could ensue. Confidence is high that this could mark the definitive low before an upward trend resumes, though the opposite scenario cannot be ruled out. Time and confirmation will provide clarity.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
Drop Goes The FTSE - Short Side Case Coming In.The FTSE has shown so much sideways movement in and around highs historically, as investor wonder whether there is a bull or bear case.
Initial growth stats looked reasonable, but the Labour Govt's budget has ripped into the hopes of business in the UK.
Higher taxes will mean lower business revenues, and all sorts of Economic headwinds to follow.
I am still holding shorts lower and accumulating swaps. Any re-push higher and I will re-add shorts.
UK100 - TIME FOR ANOTHER ROUND Team, yesterday we went LONG UK and we got both target meet
today we take another long position but LESS risk since our stop loss is tight
entry price at 8068-62 with STOP LOSS at 8052-48
PLEASE NOTE, if it hit our stop loss, we will wait for next week entry at 7960 ranges
Our target at 8096-8105
target 2 at 8115-8126
Target 3 at 8136-45
Once it hit our 1ST target, please take some partial profit and bring stop loss to BE
Recognizing and Overcoming the Belief in Controllable OutcomesIn trading, the illusion of control bias is a cognitive trap where traders believe they can influence outcomes that are, in reality, beyond their control. This misconception can lead to risky behaviors, overconfidence, and trading errors that ultimately hurt performance. Recognizing and managing this bias is essential for any trader who wants to make sound, objective decisions in a largely unpredictable environment. Below, I’ll cover some approaches to understanding and overcoming the illusion of control in trading to help you stay grounded and focused.
1️⃣ Understanding the Illusion of Control Bias: Origins and Impact on Trading
The illusion of control bias stems from a psychological tendency where people believe their actions directly influence outcomes, even when they don’t. In trading, this can manifest as a belief that one can control market movements by timing trades or reading charts “correctly.” This bias often leads traders to make overconfident decisions based on a false sense of power. For example, traders might continue doubling down on a losing position because they “feel” they can predict a turnaround. Recognizing that trading outcomes are ultimately probabilistic helps counter this bias.
2️⃣ Identifying Common Triggers of Control Bias in Market Contexts
Market conditions often bring out the illusion of control. Volatile markets, economic events, and price trends can encourage traders to believe they have some insight or edge in controlling outcomes. For instance, a trader might think that by analyzing a chart pattern, they can influence the outcome of a trade. But no matter the experience level, all market variables cannot be controlled. Reflecting on such instances and identifying specific triggers, like earnings announcements or economic reports, helps traders develop awareness and avoid illusion-driven decisions.
3️⃣ Differentiating Between Influence and Control in Trading Decisions
One effective way to mitigate control bias is by distinguishing between having influence over decisions and controlling outcomes. Traders can influence which assets they choose, their entry and exit points, and risk management strategies, but they can’t control how the market will react. Practicing this mindset requires a shift in focus: rather than concentrating on whether an outcome aligns with expectations, traders can measure success based on disciplined adherence to their strategy, regardless of short-term market swings.This is usually one of the toughest concepts for me to drive home for inexperienced students.
4️⃣ Analyzing Historical Examples of Control Bias in Trading Failures
History offers countless examples of how control bias has affected trading outcomes. For instance, during the tech boom in the early 2000s, many traders believed they could predict stock prices due to a sustained period of upward movement. When the bubble burst, the illusion of control was shattered for many who hadn’t properly hedged against risk. Similarly, learning from past mistakes—both personal and from case studies—can prevent a similar mentality. Reviewing such events serves as a practical exercise to remain grounded.
5️⃣ Building a Routine of Objective Decision-Making
A structured, rules-based approach to trading can help keep control bias at bay. For example, a well-designed trading plan that includes entry and exit strategies, risk levels, and routine performance reviews can remind traders that long term, sustainable and consistent success isn’t based on market control but on disciplined execution. Daily reflection exercises, where one reviews both winning and losing trades objectively, help isolate controllable factors (like trade size) from uncontrollable ones (like price fluctuations), grounding decisions in a factual, less emotion-driven framework.
6️⃣ Implementing Techniques for Emotional Detachment
Another approach to overcoming the illusion of control is to foster emotional detachment from each trade outcome. Techniques like mindfulness and meditation are effective for staying present, reducing emotional responses, and distancing oneself from personal attachment to outcomes. For example, practicing meditation before trading hours can help keep emotions in check and remind traders to focus on their plan rather than on “winning” a trade. Developing these techniques trains the mind to treat each trade as an execution of strategy rather than a conquest.
7️⃣ Leveraging Performance Metrics to Replace Bias with Data
By tracking performance metrics, you can maintain objectivity and let data, not emotion, guide decisions. For instance, recording key metrics such as win/loss/DC ratio, drawdown, size to equity ratios helps you see the reality of your approach. If a strategy shows success based on predefined metrics, then it can reinforce the right habits and decisions. This data-driven approach serves as a constant reminder that the trader’s performance isn’t a matter of market control but of disciplined adherence to a well-defined strategy.
Understanding and overcoming the illusion of control bias is critical for every trader. By recognizing that markets cannot be controlled, focusing on influence over outcomes, maintaining discipline, and relying on objective data, you can build resilience against this pervasive bias. By making consistent efforts to remain objective, you position yourself to make more rational decisions, improving your performance over time.
UK100 - SHOPPING TIME IS OVERTeam, yesterday we went long UK with target hit
as Today, I expect the downtrend hit toward 8080-65
So please enter slowly with RISK MANAGEMENT
Our target is 8096-8115 - TAKE SOME PARTIAL and bring stop loss to BE.
Target 2 at 8132-46
Target 3 at 8178-96
We play our STOP loss far away at 8035, if it hit stop loss RE-ENTER again. with another 30 points stop loss
UK100 - it has been a whileTeam, with the UK100, we have not been trade since last week
we want to want for the RATE announcement
today 25% basic points is off the market
ENTER long/buy at 8150-55
We will consider add more at 8115-30
We need to move our stop loss far so we can move back once it it hit our first target like 8080-8065
Target 1 at 8180-82 - once it hit our target - take partial and bring stop loss to BE
Target 2 at 8225-40
Target 3 at 8245-65
Remember to enter slowly with RISK management.
UK100: Key 1M Pivot Point Signals Potential Bullish MomentumHello,
The 1M pivot point for CAPITALCOM:UK100 is critical right now. If prices hold steadily above it, we could see the bulls regain control. However, if it acts as resistance, the 1M support structure may be tested, possibly down to its full extent. For now, a neutral outlook remains in place trend-wise. In the long term, however, there is still strong confidence in a bullish continuation, which currently appears highly likely.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
UK100 H4 | Rising into 61.8% Fibonacci resistanceUK100 is rising towards a swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 8,231.90 which is a swing-high resistance that aligns close to the 61.8% Fibonacci retracement level.
Stop loss is at 8,260.00 which is a level that sits above the 61.8% Fibonacci retracement level and an overlap resistance.
Take profit is at 8,168.78 which is a swing-low support that aligns close to the 50.0% Fibonacci retracement level.
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FTSE 100 (UK100) Potential Bearish Reversal from Order BlockAnalysis Summary
Higher High (HH) and Strong High: The HH near 8,420, along with the strong high marked on the chart, indicates a recent resistance level that has established an area of potential selling pressure. The current structure suggests that the market is struggling to maintain upward momentum from these highs.
Change of Character (CHoCH): Multiple CHoCH levels indicate shifts in market sentiment. A key CHoCH to the left suggests a transition from bullish to bearish bias, while recent bullish retracement has encountered resistance within the current structure.
Order Block: The blue-shaded order block around 8,300 represents a potential resistance area where sellers may step in if the price reaches this level again. This zone is likely to act as a key supply area, potentially triggering a reversal if tested.
Weak Low: The weak low around 8,080 marks a vulnerable support level. If the bearish momentum continues, this low could be tested and possibly broken, confirming further downside potential.
Potential Scenarios:
Bearish Continuation: If the price retraces to the order block around 8,300 and encounters resistance, it could resume its downtrend, targeting the weak low at 8,080 and possibly lower levels if bearish pressure intensifies.
Short-Term Bullish Retracement: A retracement into the order block would provide an opportunity for sellers to re-enter the market. However, if the price breaks above this order block, it may invalidate the bearish scenario and indicate a potential trend reversal.
Conclusion
The FTSE 100 chart suggests a bearish outlook with a potential retracement to the 8,300 order block. Traders may look for signs of rejection in this zone as a shorting opportunity, aiming for targets around the weak low at 8,080. Reactions within the order block will be crucial in determining the next move.
FTSE UK100 Reaches Key Demand Area Amid Seasonal TrendsThe FTSE UK100 index has recently reached a crucial demand area, igniting traders' interest amid seasonality patterns observed over the past decade. Historically, this time of year tends to witness upward momentum in the index prices, making this a significant area for potential bullish moves. Given the historical context, many traders are closely monitoring developments as they assess whether the index will follow suit and initiate a rally.
From a fundamental perspective, the recent Commitment of Traders (COT) report provides a tantalizing glimpse into market dynamics. It reveals that while retail traders are predominantly bearish, "smart money"—the institutional investors—appear to be accumulating long positions. This divergence is notable; retail sentiment often serves as a contrarian indicator. With smart money stepping in at a demand zone, there is potential for a bullish reversal, which could support the index as it seeks to capitalize on favorable seasonal trends.
Moreover, the broader economic landscape remains conducive to this optimistic outlook. As the UK grapples with various macroeconomic factors, including inflation rates and monetary policy responses, investor sentiment has become increasingly nuanced. A stronger performance in the FTSE may be supported by sectors that typically thrive during this time, such as commodities and financial services, providing tailwinds for the index.
As traders look ahead, the focus on a bullish scenario is intensifying. The critical consideration is whether the FTSE UK100 can sustain momentum above the demand area, signaling a recovery phase that may align with both historical patterns and smart money positioning. If the index can maintain its footing and demonstrate strength in the coming sessions, it may very well affirm the bullish sentiment among those advocating for a market upturn.
In summary, the convergence of seasonal patterns, contrasting market sentiment as illustrated by the COT report, and the strong fundamental backdrop paints a compelling picture for the FTSE UK100. Traders are poised to explore opportunities in a potentially bullish scenario, keen to see if the index will follow historical tendencies and deliver a strong performance in the latter part of the year. As always, careful monitoring of market developments will be essential in navigating this promising but complex landscape.
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FTSE Index Rebounds from Near Three-Month LowFTSE Index Rebounds from Near Three-Month Low
The chart for the British FTSE 100 index (UK 100 on FXOpen) illustrates:
→ Indicated by the red arrow: Yesterday, the index fell below the 8100 level for the first time since early August, driven by bearish sentiment in the U.S. stock market following reports from Microsoft (MSFT) and Meta Platforms (META), as we noted previously.
→ Indicated by the blue arrow: Today, the FTSE 100 is rebounding on the back of local economic data releases, including UK housing prices, which, according to Trading Economics, grew less than expected.
Technical analysis of the FTSE 100 (UK 100 on FXOpen) suggests that the UK stock market may be entering a downtrend, as:
→ It’s plausible that the market has been in a period of consolidation since September, forming a narrowing triangle pattern between the Support and Resistance lines.
→ An attempted bullish breakout of the Resistance line in late October failed to trigger an uptrend, while the bearish breach of the Support line appears more substantial.
→ The arrows indicate that today’s uptick may simply be a bounce from the lower boundary of a descending channel.
What’s next?
Given the correlation with the U.S. stock market, traders will likely focus on today’s key U.S. employment report due at 15:30 GMT+3, which could provide critical signals on interest rate prospects ahead of next week’s Fed meeting.
As long as the FTSE 100 index price (UK 100 on FXOpen) remains below the 8220 breakout level for the Support line, it appears the bears retain greater control.
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