Technically we've breached the 1h opening bar. We've had such a huge move already that I'm reluctant to trade it. the opening 5min bar was 35 points as well! so the 5min bar break down trade wasn't tradeable. I lost a bit trying to find the bottom of the falling knife yesterday. Shorted twice today but have just gone long.
I think we are likely to get the 1h bar break down. The other trackers have fallen. The 5min bar break down activated but hasn't completed still. The thing holding us up is the 2 gaps to fill upwards.
5min bar break down got stopped out! But the 1h bar break down trade worked for 20 points. I can see it going further if not to correct the huge move up last week then in response to some negative headlines recently.
There generally wasn't much movement yesterday. The US session kicked things up a gear though. I've been starting to pay more attention to my watchlist of correlated markets like NASDAQ, SP, DOW, Nikkei, DAX, Gold , Silver and generally the sentiment has been up the last few week days. 5min bar trade worked for bar length upwards. with we get an enthusiastic 1h...
New week, new trend? I'm looking for pivot today. Definitely observe the 1h bar break down.
Bank announcement yesterday kicked the FTSE up 100 points which means getting stopped out of the 1h break down trade. But if you'd had a 1h break up trade ready then you'd be up many a point. Overslept so didn't trade the open but it looks as though the 5min break out wasn't a winner. After such a move and especially on a Thursday, expecting low vol. Correction...
I have the wombles theme in my head. 5min bar break up worked for 12 points. 1h bar not breached but will probably be down? I just went short on the UK managers data. "Uncle Bulgaria, he can remember the days..."
Opening spike: didn't reach 10 points It reached 8 but I think I would only have got 4 points out of that trade if I had traded. 5min bar break: down was good. 1h. Not yet breached and could go either way. If it goes down I will ride this trend. Gap close: still looking to reach Monday's close which is why I'm bearish today.
Opening spike trade: FAIL Opening 5min bar break: N/A beacuse range was 20 points Opening 1h bar break: broken out on the upside but the range is so extended that it's a risky trade. Gap Trade to 7375: In progress. Events today: EU GDP at 10am, UK Bond auction at 10.30am
A huge movement off fri's close price this morn. so spike trading failed. And opening min bar break trade was risky because of the huge range 8-8.05am. I traded the reversal soon after open when the spike lost steam in the 5min >80% RSI. Looking to copy the pattern laid out by 26th so planning a slow move down to pivot.
Huge moves yesterday. Still frustratingly missed out on a full 3% but still a good haul. Expecting small range today because of the movement yesterday and cos it's fri. Not yet broken out of the 8-0 range but when we do, consider it a trending day. Target for the 8-9 bar length, which if it's upwards coincides with Pivot.
I have my eyes on the pattern mapped out on 18th. You know how sometimes a day can copy the pattern in a recent day? Well we won't get a break without a headline so looking to trade the waves down towards s1. There was a lot of movement before open but on open there was no spike. the opening 5min was 25 points but a break out for bar length worked for 25 points....
5min bar break up was good. The movemnet seems to have halted at 9am. A point on the clock. I'm short but if it ticks over 9am before 10 I will go long. But we have GDP numbers at 9.30 so holding onto my seat. The forecasts are normally correct, mind.
A big move yesterday in completely the opposite way from what I'd anticipated. Still if you'd trade the 1h bar break down for bar length from 7423 you would have made 40 points. No spike today. 5min bar break up was good. the other indices are up. We are actually just breaking the 8-9am range as I type so might enter long for 45 points.
A steady move down the full width of my LR channel on Fri. low vol but not much stopping that progression downwards. Not much of a spike this morn. The first 5min bar covered more than 20 points downwards so a break out would be difficult to trade. Unless there's some news I don't know about we want to be buying back into the channel.
I can only apologise for yesterday's mess. ECB and a weak GBP and USD due to eco data. Not much of a opening spike to trade today. Likely low volatility because Friday and due to the move yesterday. 5min bar break up was risky due to the size and the overbought nature. 1hour down is likely so I've drawn it in.
Not much of an opening spike. 5min bar break up worked. We are very overbought so I'm ignoring the 1h break up we've had. shorting back towards the LR line.
Not much of a spike at open but selling on the 5min bar break for the 8-8.05 range worked . Hourly bar break might be tricky because of the 8-9 range. The price immediately filled last night's gap. We have lower highs the last few days. Although my LR line is pointing upwards I think it will level out soon.