Half an hour ago IG Index was quoting the FTSE as opening 105 pts down, sitting at 5400. This seems to have more to do with the Asian collapse as the Dow is also quoted lower than last night's close. Now, we often see that the cash market needs to catch up with its out of hours prices, so with such a big drop I'm sticking my neck out.
TRADE
FTSE Daily
BUY 5420 call @ 26.6
Yesterday the FTSE was just 10 pts away from breaking the SAR indicator, which today stands at 5518. This is the first indicator to be flagged for any upward movement. The last few hours have shown it was wise it didn't touch it! The 30DMA is somewhat further away at 5645.
8 Jul 2008
Trading Day
Subscribe to:
Post Comments (Atom)
Posts
Well, that sucked as an idea!
ReplyDeleteTRADES
on 3-min signals
FTSE Daily
5420 call SELL @ 19.6
LOSS = -10 pts
5380 put BUY @ 26.5
DAX Daily
SELL @ 5254.5
20pt stop
TRADE
ReplyDeleteDAX
BUY @ 5240.5
Profit = +14 pts
could have been a lot better... never mind.
FTSE
5380 put
SELL @ 36.4
Profit = +9.9
took it as FTSE broke upwards on 3-min signal.
Slightly useless day so far, but although a big drop from yesterday the market has only moved 40 pts during today's trading.