Morning,
Went long last night last night just after Dow close on a dip.
1 Opened up FTSE long at 6018, base stake * 0.8.
Think we are in a consolidation period before another burst up soon, hopefully today.
However there is lots of overhead resistance betweeen here and 6120 ish, so i might take profits (if any, LOL) quite quickly
2 closed this at 6026. £32 profit. US jobs news out at 12:30PM so don't want to risk a spike in either direction. I had set a limit for this trade overnight at 6040 and it missed by a whisker, shame.
Will look at Dow later for a possible trade.
1 - Long at 12685. Base stake * 1. Think there is more upside to come, even after the ADP results spiked up. modest targets around 12730.
2 - Closed the whole lot for £35 profit. Want to bank some cash today after the fiasco yesterday.
Will look for a short entry later in day.
3 - Short at 12709. Small stakes, base * 0.3. Modest targets.
No direction, so closed at 12705, for £4 profit, woooo!
4 - Long again at 12702. Lots of scalping opportunities here. Gone for base stake * 1
5 - closed this long at 12731, for £87 profit.
Market is going bonkers, is there any end to this bull run!
Had a good day but blew £20 profit trying a cheeky long on the Dow before close. Left a sour taste in the mouth, must keep DISCIPLINE. Discipline 007, discipline.
Good day overall though, and made back the losses from yesterday. Total profit = £138.
Tomorrow should be interesting as non farm payrolls in the US. How high can the markets go? Will be volatile. Might take a FTSE position in morning then sell before news, or might even wait until after news into the Dow session.
Not convinced in the rally though. Good news is still being sold off quickly, look at CAZA today, up 25% on news then back to open price. Risk on has not returned to the AIM yet.
Good night
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