robbyduffy
Short

downtrend day 17th Aug

TVC:UKX   UK 100 Index
I'm looking at a rolling over in price. Honestly the daily candles over the last month look like a complete mess. We are kind of in the middle of that mess pricewise. Although before the Korea threats the trend was settling into a nice upwards momentum, I wouldn't rely on resuming that now. The retail figures were just published which has pushed the FTSE down and we are nearing the lower end of the 8-9 range. My followers should know by now that they should try shorting 2 points beyond that range (7403 on my fxcm feed) for the 8-9am range (about 25 points).

If you traded the 8-8.05 bar break up, then you would have made 15 points as well.

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