robbyduffy
Short

19th June channel trade

TVC:UKX   FTSE 100 Index
66 3 2
I didn't trade that little bump at 8-9pm on Fri             . I think I was away from the charts. I woke up this morning with 2 short positions in the red. Either we get a channel trade in this area or a trending day up or down in which case I'll update.
Curious as to your exit, since you're expressly referencing a (short term) channel trend. 'R1'? Also, what derivative are you trading pls? I ask because TVC: UKX is the data for the cash FTSE. Thanks
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robbyduffy Ken-Odeluga
@Ken-Odeluga, The pivot levels are a little stretched because of Fri's big move. I would look at R1 but there are chances to trade the wave both ways on the way down to R1.

I trade FXCM which tends to be 2 points below this chart
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Ken-Odeluga robbyduffy
@robbyduffy, oh cool. Cheers.
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