I'm still keeping a long bias on the FTSE. although there is heavy resistance now in the 6050-6100 zone which may lead to a slow grind up to new highs, as opposed to the parabolic rises of last week.
FTSE first support is 5975, with more support around 5950.
1- Long 6027. Stop 5970. No target yet. Base stake *0.4
Support at 5970 appears to be holding, but this trade is well underwater now. Every chance the US will take it further down at market open, probably to the gap at 5965..
Had a chance to close this at 6002 but didn't, what a mistake.
2 - stop hit at 5973, for £-110 loss. Bad trade and poor management.
Will look to Dow later for a short opportunity.
1 - Short dow 12550, no stop or limit yet. Base stake * 0.33. Will look to add more if Dow spikes in first 15 minutes.
2 - Added at 12586. Base stake * 0.33.
Closed these trades at 12599, the US has really thrown me this afternoon. Hong Kong, UK were quite weak, bad news from Portugla but the Dow shrugs it off! £-57 loss.
Poor day overall down £-167. May not trade tomorrow unless clear market direction.
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