Glencore stock down 17% single day, use FTSE100 to tap into more opportunity -Avg 100 points profit
I hardly look at FTSE100, but when Glencore headline came into market, the first index to zoom into is naturally FTSE, because Glencore is an index stock.
— Bloomberg Business (@business) September 28, 2015
FTSE Long term support is about to break
First, the price feed that I’m using is from Axitrader. If you are using another broker, the price will be different. Axitrader here
5995 (also round number 6000) is a very important level. It has been so far supported, but will it break this time?
1234 seen, recent retracement shows 6050-6100 as valid resistance
Smallish 1234 in H4, F6 is a potential trigger
Most important, the smallish 1234 happens near to key level 5995. If there’s a confirmation, then it’s a low risk 1234 for a potential close of 5995.
Interim support at 5850. And I update as price moves. Stay tuned.
Update on 30 Sep 2.53pm
I’m all out on this trade. Before I’m out on everything, posted in Facebook page. This trade is on average 100-130 points profit. I attaching some tweets from students on the FTSE trade, which I think I deserved to get a pat on my back for a good trade. I thank them for bravely acknowledging and sharing.
@terraseeds FT 100+ points. GBPJPY +130
— victoria yam (@PatissierYam) September 29, 2015
Update in facebook on trade management for this trade
Walla what happened after taken profit? As usual price gapped up! It’s equally important to know how to put money in pocket.