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trumpetmark01526
Sep 17, 2019 3:01 PM

FTSE 100 Sell Short

UK 100 INDEXTVC

Description

Price broke under supply zone (resistance). Short with target following weekly trendline at 6800-6780

Comment

trade going v well - always be aware of bull traps (i.e. false bull signal as mentioned) - +100 pips so far

Comment

Taking half profit (200 pips so far move) as EU meeting looming. If they don't approve new deal FTSE100 will soar
Comments
FilmscoreMovies
The last marker on your diagram is showing long, where do you go from there?
trumpetmark01526
@FilmscoreMovies, True but big supply zone would normally out-weigh that plus oil will weigh too. Are you a film composer?
FilmscoreMovies
Hi,
Ive noticed ftse has recovered from its last fall, I'm waiting to see if it will start to climb back towards 7.500 area.
Yes I am indeed, more TV than film though.
trumpetmark01526
@FilmscoreMovies, I run a BA in Film Music and Soundtrack Production
FilmscoreMovies
@trumpetmark01526, that's cool, are you based in USA?
trumpetmark01526
@FilmscoreMovies, Na - in England - University of Essex - if shorted this like I have I rekon I'll be closing soon as new boris proposal didn't go down too well and if no deal then will be bullish - cheers
FilmscoreMovies
Hi sorrow long time gettin back to you, Im based in Thailand now but coming back to UK (Brighton and south London) this month for a break
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