The market turned at 9am but didn't break the 8-9 range. It's unlikely so to do unless there's news. Otherwise we will drift back up to the linear average I've put under my chart in yellow. It's a very clear and safe way to place swing trades, even with quite a close stop. Reversing the opening spike didn't really profit anything but selling the 5min bar break...
We are rather a precarious position at 9am...resting on the 7400 mark and refusing to go through and being forced down by the 7415 high of Fri during which y'all should have been selling because of all the articles Thurs night about the strong pound. I'm looking at the 12th and I think that a break up is most likely even though we never did close those gaps last week.
Despite the large vol on Tues, yesterday was certainly a bit of a mover. All the more to get small vol today. A good day for a 40point tunnel binary bet. Not much of a spike but buying the 5min bar break out worked for 8 points. Hourly breakout is likely to be down although it will come straight up against the 7400 hump. Because we have broken the 7380 and 7400...
We are very much range bound between 7380 and 7300 so was looking for a bounce down off that ceiling this morn which is now underway. No spike this morn but the 5min bar break up worked. After a volatile day we normally get a wound licking day. I am looking for pivot or at least 7340. Notice how daily patterns repeat or appear in reverse form? Yesterday was very...
Had to wait till a bit after 9 to get our channel today. An extended move down for 50+ points cam in. Not sure why yet - I've been tuned out of the news for a while. Needless to say I have bought this oversell. There was a slow spike down this morn but it was an option. Selling the 5min bar breakout worked.
We may be likely to get a clean break down from the 8-9am bar. We also have a Pivot and Friday's gap drawing the price down to 7350. Opening spike was non existent and 5min opening bar break down was worked for 11 points.
It's a difficult one to call this morning. But I am looking at S1 at least. The opening spike down wasn't a great one and selling the 5min bar break down seems to be working for 12 points.
Buying the spike down at open worked for 12 points. The movement off the 8-8.05 range has been limited so far so we will likely get a trending day and quite a clean one at that if it's downwards to S1
Bit slow with this post. Gnarly trading yesterday - small range but generally predictable wave theory. We look to have similar today. Buying the spike down worked today. 5min bar break down nearly worked.
There wasn't an opening spike trade this morn and generally we haven't had he volatility to find 5min break successful. Due to the low volatility we may technically see a trending day, likely upwards. There was a great short yesterday once we reached .8 oversold in the afternoon. 3 % on that trade alone.
Buying the opening spike down for 8 points worked today. Buying the 5min bar break up was risky because of the huge range 8-8.05am. I'm not looking for a trending day today. I'm looking for pivot at least.
Not much of spike this morn but a bit of to and fro between 7314 an 7333. 5min bar break down didn't quite work. Might we reach pivot? I wasn't watching the news but get the feeling that yesterday's move down was a bit extended for the US QoQ data release.
Gap above and Gap below. What will happen? Buying the spike down worked for 9 points today. 5min break up was risky due to the range.
Buying the spike down worked for 10 points today. 5min breakdown was risky because of the range a 8-8.05am Today might trend but we have 2 gaps to fill on the upside so I'm buying towards 7440
Hello my lovelies! I seem to just be missing out with my TPs towards 9pm. I'm normally the right side of the market but getting optimistic/greedy and end up getting caught out on the swing the other way. Buying the sloe spike down worked this morn. The opening 5min was too big a range to trade a break up or down. Might we get a gap close later in the day like we...
Buying the opening spike down did not work today. The 5min bar break downwards was impossible due to that huge initial move.
After that initial BoE boost, there was a massive 100 point sell off. The slow descent seems to just be price action and fevered trading, though I got cut a few times with that falling knife. It would have made a textbook london open downtrend traded if it hadn't just peeked its head 3 points over the 8-9am bar. Expecting to see pivot today.
We just had a 40 point boost when I was short and in the green this morn. BoE to blame: www.theguardian.com I've gone short again for the correction. Because of this large move it's unlikely that we will get a trending day. Upwards bias though.