justinp1989

justinp1989

The culmination of the geopolitical tension in europe have brought us back down to my target from my previous trade idea. I am now looking for long term buying opportunities around the level of the 20 year channel I have previously highlighted. Sentiment will have soured on european stocks but growth likely curtailed to what degree I am not sure but I the FTSE was...

justinp1989

The FTSE continues on strong whilst other markets enter bear territory with the NAS and DAX trading below there D200. This is on the back of a shift away by retail investment as institutional investors outweighed retail investors significantly over the previous weeks. Reflecting on that dynamic I wonder if the there is enough leg in the FTSE to continue...

justinp1989

I should state that I in no way trade BTC or any crypto for that matter on an intraday basis. In all honesty I am an apprehensive crypto trader . However I have to recognise the structures of supply and demand that are present with the BTC market at present. It is clear that BTC is forming a channel which oscillates on an intra month basis. For me this is a good...

justinp1989

Following the insights into the BoE, GBP got quite a bid. I had closed my earlier trade (Didnt have time to post) for a +150 pip win at the beginning of the week in anticipation of this. I feel that this bid will likely be short lived, confounded predominately by the sell of in stocks given the dollar a boost. Confluence with previous SD zone to be noted also I...

justinp1989

Following on from my last idea it seems we are seeing some move to the downside. The question is could this just be a corrective wave or a return to the ascending channel. We do feel more funadmentally susceptible at present but there is still a high level of demand. Interestingly following on from the FOMC bombshell, most indices are trading below there...

justinp1989

I find myself back into a hedging position with no idea why the FTSE pushes on at the moment. I was not expecting a break out of the ascending channel never mind a close above the superior S+D zone I find myself back in the hedge from last week. As mentioned, the fundamentals are not making sense to me at present so this is a purely technical management of my...

justinp1989

The 'santa clause' rally was not kind to my previous trade idea. I find myself stuck in a Hedge at the moment with a 45 pip discrepancy (Not the worst situation I have found myself in by far.). We have found ourselves back at the top of the channel with a reasonable rejection of price forming on the daily candlestick . I am looking for positions to take this back...

justinp1989

It is almost certain that we will see some form of lockdown at this point with the devolved nations and the health secretary laying the groundstone for a circuit-breaker type lockdown. The current pullback is making for a good entry position following the sell off in the asian market. My target is still around 7050, I don't see this breaking out of this upward...

justinp1989

As expected the FTSE is trading lower within the ascending channel. I am looking for a further entry around the 4h200 ema. Omicron fears are the fundamental precipitant alongside the slow down for christmas. I will be looking for a close below the 4h200 on this candle and will then await a retest of the MA or any MA on the 1 hour time frame below the white...

justinp1989

Managed a 5 times return with the nice rebound following on from our previous post. We continue to trade within this 8 month long ascending channel and I have taken some profits as we approach its upper limits. I anticipate a sell-off in January, common for FTSE and other stock markets as we head towards the end of financial years. In the very near term I...

justinp1989

Leading on from my previous post where I got blew completely out of the water by the emergence of Omicron I am looking for a Reentry point for a climb back up. I should be clear that for the past weeks I have been shorting the Major indices to hedge/recoup my losses from the recent pullback. My emphasis is on the the word pullback. I feel we are now seeing some...

justinp1989

Technicals: As anticipated in my previous post, the retest of the S+D Zone around our 20 year channel has been completed (with a little help from the D50EMA) and we are now trading back above all major moving averages. My Short bias is back up to 7400 and likely onwards from there in the medium term. There is still a significant possibility of a retest of the...

justinp1989

As I anticipated we are seeing a retest underway of the S+D zone precipitated by fears associated with COVID. We are currently seeing consolidation along the Daily 50 moving average at present which I admit is often a contentious level of dynamic resistance for the FTSE later. However we are beginning to see lower volume in the selling waves on the lower time...

justinp1989

As in one of mentioned prior I have been trading this channel for a while. We are seeing a bit of a pullback in the stocks (see my post on the FTSE today) presently and some GBP strength feeding in, likely in anticipation of interest rate rise following this mornings CPI data. Following on from my previous post where I took a small position at the bottom of this...

justinp1989

It would appear that a retest of the S+D zone appears to be forming on the FTSE. I am currently maintaining positions @ 7300 as it is possible this may continue along the this short term ascending channel. If there is a break of this channel I expect to see a retest of the S+D zone below @ 7210 - 7260. This all seems to coincide with the latest COVID fears...

justinp1989

I have been trading this descending channel quite succesfully for a little while now and have previously posted on this. My Bias is back up but in very specific circumstances. 1. Bullish continuation in US stocks. Weaker dollar. 2. I am not entirely convinced the interest rate rise is priced into the GBP. I have taken a very small position until I see how the...

justinp1989

Following on from my previous post regarding the FTSE we have entered into the 20 year channel (Purple line) mentioned prior. I am anticipating a retest of the S+D zone just inferior making for a great point of entry to take to return to ATH. We have almost attained my end of year goal for the FTSE which is 7400 and I would expect positive momentum toward the all...

justinp1989

We are currently in a medium term correction which was confirmed for me from mid september. This downturn coincides with the BoE interest decision today and my bias is that the reflection from the lower trend line will likely coincide with the near term interest rate rises. For this reason I suspect we will see a further two waves of this channel at least taking...