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A Mechanical Approach to Trading

Spinning D

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  • #81
A quick trade this morning ,the signal on the 08:00 Ldn Time Exchange opening closed below yesterday's close.

I went Short with S1 minus 2 pips as TP and quickly done and dusted.

FTSE 26 Apr.png
 

Spinning D

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  • #82
The signal quickly closed the "gap" on the open at 08:00 Ldn Time this morning and as the Daily Pivot Point was only 10 pips above the Friday close I decided to wait to see what positive direction the signal would take.

When the signal closed below the Friday close I went Short to S1 minus 2 pips and TP was soon reached.On reflection I could have entered a short from Daily Pivot Point but it's always easy to be clever afterwards and a profit is always welcome.

FTSE 29 Apr.png
 

Spinning D

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  • #83
The signal ,as yesterday's opening, quickly closed the "gap" so waited until it hit Daily Pivot Point to assess the direction.

Closed below the level 08:45 Ldn Time so went Short the TP S1 minus 2 pips.

FTSE 30 Apr.png
 

Spinning D

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  • #84
At the opening this morning ,yesterday's close was below the Daily Pivot Point,I waited for a break in the downward trend and then entered a Short with the Pivot Point as TP.

With Bank Holidays across the major European countries the FTSE seemed very slow so although there was only a 8 pip haul,a profit was booked and I will leave it there for the day.

FTSE 1 May.png
 

Spinning D

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  • #85
The signal opened below yesterday's close but the GB/US signal was moving sharply upward so went for a Short at 08:10 Ldn Time with S1 minus 2 pips as TP.

During the 08:25 candle the signal started to pull back just failing to reach TP and I decided to cut the trade @7340 for 10 pips profit as closing the "gap" was now a possibility.

By 08:35 the GB/US was faltering and I went Long to close the "gap" and TP was achieved during 09:25 for another 30 pips.


FTSE 2 May.png
 

Spinning D

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  • #86
The signal opened this morning after yesterdays Bank Holiday below Fridays close and was moving quickly testing first the S1 level and then going Long.

Having checked that the GB/US was faltering around its high of the Asian session I went for a Long to close the "gap" during the 08:05 Ldn Time candle and reached before 09:00.

FTSE 7 May.png
 

Spinning D

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  • #87
The signal opened across yesterday's close having experienced a circa 100 pip drop yesterday, and indeed has been in decline for the last couple of weeks .As the US/GB had been falling overnight I went for a Long to the nearest Pivot Level -the Daily Pivot Point minus 2 pips.

After some hesitation the signal duly managed to creep across the line for 18 pips.

FTSE 8 May.png
 

Spinning D

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  • #88
Signal opened this morning below both the Daily Pivot Point and yesterday's close so decided to go Long on the 08:10 candle with Daily Pivot point minus 2 pips as TP.

However after falling below the support level of S1 the trade hit Stop Loss during 09:10 candle.15 minutes later the signal started a rebound so once again I entered a Long and set TP to recover the loss plus 2 pips.Made TP during 10:10 candle .

Generally a frustrating morning as the signal seemed to lack a real direction although GB/US was moving down- so on reflection I would still have made the same decisions I think.

FTSE 9 May .png
 

Spinning D

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  • #89
The signal opened around the Friday close and quickly moved down.Unfortunately I missed the short but decided to wait for a rebound and managed to set up a Long @09:15 Ldn Time.

I set TP at Friday's close minus 2 pips and the signal just squeezed home for a 21 pip gain during the 10:55 candle.

FTSE 13 May.png
 

Spinning D

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  • #90
The signal opened above yesterday's close and I went for a Short during the 08:05 Ldn Time candle with TP to close the "gap" and this was quickly achieved.

FTSE 15 May.png
 

Spinning D

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  • #91
I managed to oversleep this morning until 08:45 and completely missed the London opening of the exchange.

The obvious trade would have been a Long to close the "gap" and the usual 1:1 R/R ratio and that would have resulted in a loss as there was a downward spike that would have hit SL before going on up to hit TP andFTSE 16 May.png close the "gap".

In the event I decided to plan for a rebound back down and set up a Short from yesterday's close with TP at the Daily Pivot Point minus 2 pips and the signal duly obliged for a 13 pip gain.Sometimes in trading it would appear you just need to get lucky and today I did.
 

Spinning D

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  • #92
Have not managed a FTSE trade this week as the turmoil in the government seems to be causing all "norms" I have become used to seeing daily have been torn up.

Sometimes a No Trade really is the safest trade.
 

Spinning D

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The signal opened around the Daily Pivot Point and I went Long when the signal stayed around and above the level.

Given the performance of the signal this week and the ongoing troubles of the government I decided to go for 30 pips rather than cling on to the R1 minus 2 level.

FTSE 24 May.png
 

Spinning D

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  • #94
The signal opened this morning in a small trend down and given the recent EU election results here and ongoing political turmoil I thought that closing the "gap" was the best bet. There was a small surge upward in the signal but the sellers won out and TP was achieved by 09:20 Ldn Time.

Previous correlations between the GB/US movements and the FTSE seem to have gone out of the window recently and I think this latest set of conditions demonstrate that a purely mechanical approach is just not possible and so I will discontinue this post.

FTSE 28 May .png
 
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