Thread: Trading analysis in the FTSE100

I've been short since 6,771

I closed with winnings at 6,753.

I opened a short in 6,912

I am seeing a possible double ceiling pattern forming in the area of 6.925. If it is confirmed with a break of the support in 6,890, I could open another short operation with a target in 6,850. The FTSE100 has lately been responding well to this type of structures. The key is to wait for confirmation before launching. I do not want to advance as happened to me last week, when I sold without waiting for the candle closure and touched my stop in 15 minutes. Patience, discipline and respect for technical analysis.

Today I entered long by mistake. I was going to sell in 6,945, but I ended up buying... and obviously collapsed afterwards. Luckily I closed it fast and I only lost 12 points. Sometimes the finger is faster than the brain. I�ll take it as a lesson: always check well before confirming the order. It may seem basic, but those silly mistakes are sometimes the ones that blow your mind. No more impulsive clicks.

The European session started quite flat, but there is a slight downward pressure. If the price loses 6,880, I have pending orders to take advantage of the movement around 6,850. Volatility can increase with the American opening. I also keep an eye out for any RSI crossing in H1. If you go into oversale without breaking the support, I will consider closing half of the operation and securing some benefit before a possible reversal.

Today the FTSE took my soul out. I opened three consecutive shorts since 6,900 looking for a setback that never came. The price simply kept going up without looking back. I closed in accumulated loss of 40 points. I already learned this lesson: not guessing roofs in full upward trend. Next time, I will expect a clear sign of exhaustion or a break in structure before trying to go against the dominant flow.

I opened long at 6,860 after seeing an enveloping candle in M15 just when I played the EMA200. I liked the volume in that area and the immediate reaction to the rise. I carry a 15-point SL and target at 6,905. This type of tickets with clear price action and favorable technical context gives me more confidence. It�s not that they�re always right, but at least they�re not played at random. And that, in the long term, is noticed in the results.

The opening of London was a chaos. In less than 15 minutes we had a range of more than 50 points. I came in short after false break upwards, and the price went down. I closed at 6,870 with almost 30 points of gain. I love when you give that kind of quick moves after initial manipulation. The trick is to not get into the trap and wait for confirmation. It does not always happen, but when it does, it is enjoyed.

Today I decided to stay out. The market is moving weird, with undecided candles and a narrow range since the Asian session. Sometimes the best thing is not to operate and just watch from the barrier. Many traders don�t understand that doing nothing is also a valid decision. If you don�t see clarity, if the context isn�t aligned, why risk capital? Save gunpowder for clearer battles.