I intend on starting a swing trading/longer term horizon approach to trading the markets. I intend to demonstrate my ability and share my trades/analysis on this thread and report my results.
I already operate a swing trading account with my primary focus on Commodities. I will expand that to equities and forex. I will be applying my inter-market analysis approach once again at forecasting the markets.
Hopefully this will also aid the average investor/trader looking to gain an insight at tackling the longer time frames.
Let the games begin........
Comments
I am swing long ftse 6508
sl = 6308
I am swing long nasdaq 3475
sl = 3400
FTSE & AUS/USD shorts closed B/E
Waiting for FED
I am short ftse 6580
sl = 6780
tgt = 6380
I am swing long nasdaq 3520
sl = 3450
tgt = 3600
I am swing short aus/usd 0.8752 due to new WSJ hilsenrath article on FED tapering on course
also due to emerging market weakness
stop loss = 0.8852
tgt 0.8652
FTSE longs closed +62
Bias change
I am now swing short ftse 6610
sl = 6810
tgt = 6410
I am swing long ftse 6548
sl 6328
tgt = 6728
Your Chinese mentor said "Short the FTSE" and you losing points going long.
The Question I am waiting to see the answer to is, Is this a pull back or a reversal? (Referring to -100pts FTSE loss)
Next week we can get some indication.
Good luck.
Finished with +250 points for the week .
Friday sell off ..........what a sell off !!
FTSE 100 longs stop loss hit -100