08 Sep FTSE 4 Hourly MA Resistance – Follow Up.
Updating previous FTSE analysis posted HERE on 5th September, the set-up I’ve been waiting for could be near completion.
I’m day trading FTSE as I type this (Futures), but quite happy to consider holding onto any shorts on a confirmed rejection of price by this 4 hourly 200MA:
Any signs of support from here and I’ll scrap the idea. SPX and DJI (DOW/INDU) are also showing identical set-ups and I may switch trades to one of these 2 Indices as spreads are lower during the UK evening session.
NOTE: Bernanke / Obama speaking tonight could be a market mover
Index Trader
Posted at 18:58h, 08 SeptemberUpdate:
Bernanke speech resulted in a nice fast move to the downside.
Therefore, closed FTSE short at intraday support at 5295 (entry was 5335) and will revisit this trade during the cash session tomorrow.
Also trailing a DOW short from 11,410, half position closed at 11,324 (thought it would act as support when it printed), remaining half to run with stoploss in the 11,430 region.
Yaahoon
Posted at 21:42h, 10 SeptemberI have taken a short position on DOW from 11210 and looking to close at 7000. Stop/Loss 1000 points.
jon827
Posted at 08:24h, 09 SeptemberYour site is really impressive RS, I’ll defo be following you here. Some brilliant trades so far too.
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Posted at 00:26h, 15 September[…] Indices did take a quick trip down following the previously discussed 4 hourly 200MA resistance, have been great for scalping but went on to find support so I closed […]