Most of you know that I’m primarily an FX Trader however for the last 8 months I’ve increasingly been trading the major Indices (S&P, DJ30, DAX & FTSE). For some reason my price action strategies have been generating nice signals, trades and results so who am I to argue?
Anyway here’s a video of a couple of recent Indices trades from the S&P and the FTSE. The S&P closed out last week but the FTSE one is still trundling along.
There are some lovely set-ups on the 240, daily & weekly Indices charts. Take a look and have some fun!
Until next time, trade well.
******UPDATE 1400 21/12/2011******
As mentioned in my video I expected the FTSE to move a little further north on its retrace and hit my trailing stop. Well be careful what you wish for….because that’s what happened this morning. The FTSE gapped higher on opening, moved north, hit my stop at 5470 and then rolled over and dropped 80 points! Had I been day trading then it would have been a great place to get short. As it was my trade was closed on its trailing stop for 30 points of profit. Meh. These things happen, I just followed my rules. Anyway now watch as it slides down to my original target of 5200!