It appears that FTSE 100 UK since 2000 is in an extended W-X-Y-X-Z correction wave formation, of which the last Z wave is still missing for completion. Furthermore the trading range is rather well defined covering the levels of 3270 to 7000+ approximately. For the future trend, the level of 7000 is absolutely critical and therefore a very close observation is...
pair trading
swing days not hours
CFDs
long the strongest , FTSE
short the weakest, AUS200
1 contract each,
NOT A PERFECT weighted trade, ie 1 contract FTSE100 should be
as at 15 may 2015 6780 / 5742 = +/- 1.18 contract AUS200
as i am biased that FTSE will eventually be stronger.
money management is the key
i am ready to average when my loss is 100 Euros
The grand supercycle has probably topped and the form of an Ending Diagonal over almost the entire global stock market suggests that the crash will kick off soon. This is alligned with the event of the UK general elections. If the Left win, thats what will put an end to Right wing fraud and depresssion will ensue.
Buying on a break of 6919 to the upside is the safer play. Good RR.
Open 3 positions or more for the two main targets with additional positions for a continuation. Move stops to protect positions once price has cleared them.
Good Luck!
1. Price initially consolidated within a large triangle and eventually broke out
2. Price rallied towards 127.2% and in the process formed a rising wedge
3. Price often reverses from 127.2% back to 100% (You check my past trade ideas with flags to notice this common occurrence)
4. Price then forms a bearish flag at the 100%
5. A break out to the downside will see...
still using this gan square and fibonacci time zone combination. Very interesting tools that accurately predict moves in the market, can still be difficulty figuring out which way the move will go though.
UK100, double top forming, waiting for it to drop back below neck line, to enter this short.
UK100 on the monthly chart, has had 2 significant highs which quite a violent bearish move occurred after , one in 1999/2007/? - I believe the next one could be now, as you can see on the monthly price has hit its peak and not violently gone bearish but shows clear sign...
Fundamentals
The National Health Service
The NHS is under a vast amount of pressure due to the lack of funding by the UK government. Last year, British authorities funded the NHS of a total of £700M but unfortunately the bailouts to help the NHS cope with winter pressures have not reached front line services in some parts of the country, Britain’s top emergency...
Just doodling initially, but this looked interesting.
Is 3800 in 18 months achievable?
It is in historic terms, but will we see it happen?
All I know is, I'm not buying UK stocks just now.
While the down-trend of the FTSE will undoubtedly continue, the present very severe downslope may not. There is wide scope for moderation in the down-slope. the right side of the colousred triangle mirrors the Resistance Line of the upward trend from 2012 to the current year. There is a slight bend in the current down-slope that suggests that some moderation of...
The FTSE has completed and broken a rather distorted head and shoulders on October 2nd at the same time as breaking a long term weekly trendline at 6588. A Classic Fibonacci Power wave can be seen on the daily chart that started on September 22nd clearly visible on this chart and in one stroke broke the 365 day Hull moving average AND the 90 day Hull moving...
After yesterday's fall, FTSE is bouncing back this morning. However the uptrend has finished; the bounce-back will soon peter out and the downward movement continue.
