FTSE Short for the next couple of days

31 Okt 2016

Looking good for a short here, FTSE moving averages on the monthly and weekly still Bullish, though I believe this is on the turn; Our daily shows a neutral setting and trending towards a bearish move; so taking a nice position here and look forward to making my target, just above this weeks support line.

Please bear in mind that this is only my view on the market - please trade responsibly and be accountable for your own strategies and trades.

Happy trading and good fortune to all.

31 Okt 2016

Nota

Trade is going in the right direction, taking partial profit at 6935, and will add to my position if it retraces to 6950 area.

Also moved my stop loss to give me a free trade if it turns to the upside, though doubtful at this point.

1 Nov 2016

Nota

Interesting turn of events this morning, got stopped out on my initial trade taking some further profits, and I re-entered short at 6985.

A nice spike down and I have a repeat scenario, taking most of the profits at 6948, and moving my stop loss to just be in a small profit.

Now looking for a retrace for another position - analysis is still valid.

1 Nov 2016

Nota

Well, what can I say, I took out another position and my target has been hit - job done!

Thank you FTSE, see you tomorrow.