flag break-out and retestbearish breakout and retest and change of character on the bullish flag, waiting for a bearish candle to confirm our sell
UK100 trade ideas
FTSE Ranging Long Term (Plans)FTSE is not feeling entirely confident amid some BOE woes.
Risk on not channelling alike to US / German Markets.
Still reasonable long/short either side.
FTSE 100 Sellers Eye Key Levels Amid Profit-TakingThe ERRANTE:UK100 has faced selling pressure as investors lock in profits. This comes as inflation in the UK nears the central bank's target level, prompting expectations that the Bank of England will keep interest rates steady at 5%. The combination of stable rates and profit-taking from shareholders has contributed to a correction in the ERRANTE:UK100 after a week-long upward trend.
Technical Outlook
On the four-hour chart, the ERRANTE:UK100 has entered a corrective phase as buyers retreat from the uptrend that began on September 9. The index is now testing a key support level at 8280.80, and a sustained break below this point would confirm the completion of a bearish head-and-shoulders pattern. If the sellers succeed in breaking this level, the next targets are 8272.04, 8267.47, 8260.90, and finally 8248.60.
However, if buyers regain control and push the price above the right shoulder resistance at 8313.00, the bearish pattern will be invalidated.
Read the full article here:
erranteacademy.com
FTSE 100 Bullish Ahead of Key AnnouncementsFTSE 100 Bullish Ahead of Key Announcements
The chart of the UK stock index FTSE 100 (UK 100 on FXOpen) shows prevailing positive sentiment in the market. The right side of the daily chart displays a series of bullish candles, with a likelihood of this trend continuing today, as the price has been rising since the market opened.
This optimism is likely driven by the anticipation of key announcements:
→ Tomorrow at 09:00 GMT+3, the UK CPI figures will be released. Analysts expect inflation to remain steady without an increase.
→ Also tomorrow, at 21:00 GMT+3, the Federal Reserve will announce its decision on interest rates, with a cut seeming inevitable.
Technical analysis of the FTSE 100 (UK 100 on FXOpen) chart shows:
→ In 2024, the price movement has followed an upward blue channel. The period starting in May may represent an interim correction (marked by red lines) within the ongoing uptrend.
→ The significance of the current rise lies in it being the second attempt to break through the upper red line, offering a chance to exit the corrective channel and resume growth. The first attempt was unsuccessful, as the bullish breakout above the upper red line encountered resistance from the median of the blue channel (indicated by an arrow).
Therefore, tomorrow's expected volatility spike could either reinforce the positive momentum, pushing the FTSE 100 (UK 100 on FXOpen) higher beyond the red line, or act as a "cold shower," undoing recent bullish gains and driving the price back into the red channel.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Improve Trading Discipline and FocusMindfulness has emerged as a powerful tool for improving performance in high-pressure fields, and trading is no exception. In the world of trading, where discipline, focus, and emotional control are paramount, the application of mindfulness techniques can help traders stay grounded and make more objective decisions. The combination of mindfulness with trading discipline allows for greater self-awareness, improved concentration, and the ability to detach from market noise and emotional triggers.
1️⃣ The Foundation of Mindfulness: Awareness of the Present Moment: Mindfulness starts with developing an awareness of the present moment—an invaluable skill for traders who often face information overload. In trading, being fully present means focusing on the data and market conditions as they are right now, not letting past mistakes or future anxieties cloud judgment. For example, when analyzing market trends, the ability to focus solely on current price action without allowing external distractions can improve execution timing. I’ve found that setting aside 10-15 minutes each morning for mindfulness practice, such as focusing on breathing or meditating, helps prepare my mind for the trading day ahead. This small act can cultivate a state of calm that carries into my trading.
2️⃣ Enhancing Emotional Regulation to Overcome Impulse Decisions: One of the most valuable aspects of mindfulness for trading is its capacity to regulate emotions. Emotional decisions—whether driven by greed or fear—often lead to suboptimal outcomes. Mindfulness trains traders to observe their emotional states without reacting impulsively. This detachment from emotional highs and lows prevents “revenge trading” or the urge to chase losses, which I have personally witnessed derail several trading plans. For example, a trader might see a sudden market drop and feel compelled to exit a position prematurely. However, practicing mindfulness during such events enables the trader to observe the fear, recognize it, and stick to the original strategy.
3️⃣ Reducing Overtrading Through Increased Discipline: Mindfulness helps curb the tendency to overtrade. Overtrading often stems from the need to be constantly active in the market, which can result in poor trade setups and increased order clusters. Mindful traders learn to wait patiently for high-probability setups by cultivating awareness of their own trading behaviors. Personally, I’ve reduced my trading frequency by becoming more mindful of whether my trading actions are rooted in well-thought-out plans or simply in a need to “do something.” Waiting for the right moment rather than reacting to every market tick has yielded better risk-adjusted returns over time.
4️⃣ The Role of Focus: Strengthening Attention and Reducing Market Noise: Mindfulness practices also enhance focus, helping traders concentrate on key aspects of their strategy while blocking out irrelevant market noise. This is especially important in today’s markets, where social media and constant news updates can easily distract traders from their core strategy. I’ve found that short mindfulness exercises, such as concentrating solely on breathing for a few minutes between trades, help clear my mind and reset my focus. This mental reset makes it easier to refocus on technical analysis or strategy execution, avoiding the temptation to deviate based on irrelevant news.
5️⃣ Improving Decision-Making Under Stress: Trading is inherently stressful, especially during periods of volatility or uncertainty. Mindfulness equips traders with the tools to make clear, objective decisions even under pressure. By increasing awareness of physical and emotional stress responses, you can recognize when stress is clouding your judgment. I’ve learned to spot signs of physical tension, such as shallow breathing, that occur when I feel rushed to execute a trade. Recognizing these stress signals helps me pause, reassess, and make more rational decisions. This simple pause can make a significant difference in trade outcomes.
6️⃣ Creating a Consistent Trading Routine with Mindful Breaks: Integrating mindful moments into a daily trading routine builds consistency, which is vital for long-term success. Just as athletes incorporate rest days to maintain peak performance, traders can benefit from taking mindful breaks throughout the day. These breaks reduce mental fatigue and allow for clearer thinking. For example, after a morning trading session, stepping away for five minutes to practice a mindfulness exercise—such as focusing on sensations or a brief body scan—helps reset my mind. This habit has made a tangible difference in my ability to stay disciplined during afternoon trading sessions, maintaining my edge and remaining in the zone.
7️⃣ Detachment from Outcome: Embracing Losses Mindfully: Lastly, mindfulness helps traders detach from specific trade outcomes and accept losses with grace. Losses are inevitable in trading, but how traders handle them determines long-term success. Mindfulness encourages acceptance of both wins and losses without emotional attachment, focusing instead on the process. This mindset shift allows traders to learn from losing trades without falling into a downward emotional spiral. I’ve found that by reviewing my damage control assets in a calm, mindful state—rather than reacting with frustration—I can extract valuable lessons that improve future performance.
Mindfulness techniques offer traders a way to navigate the complexities of the financial markets with greater focus, emotional regulation, and discipline. By incorporating mindfulness into a trading routine, traders can maintain clarity even during volatile market conditions, leading to improved decision-making and long-term success.
PREPARE TO SHORT UK100 - once it break below 8275Team, the UK100 price at 8285; we want to see if it tries to reach the last week's high at 8305. However, we are waiting for it to break below 8275 -
we set the SELL STOP order at 8274., with stop loss at 8311.5
Target 1 at 8256.5
Target 2 at 8227.3
please note: we have not entered the short position yet until the price is confirmed at our order above.
UK100 (FTSE100) Technical AnalysisWhen the UK100 daily chart is examined; It is observed that the price movements continue on the trend line. As long as the index price cannot pass the 8412 level, it is evaluated that in price movements below the 8305 level, it can break the 8165 level and retreat to the 8038 level.
UK100 SHORT POSITION - SET UP AND WAIT Team, we have set up the UK100 short position. The current price is 8270.
Entry short position at 8275-8272 (we are waiting for the confirmation)
Stop loss will be at 8300
Target 1 - 8256.9
Target 2 - 8235.8
Target 3 8219.7
Target 4 8197.40
Yesterday, we had both short and long UK100 - all hit nicely.
FTSE 100 Pullback: Key Support Levels to Watch Last week, we flagged a potential pullback in the FTSE 100, and it came to pass – the market dropped 195.16 points (2.33%) to close at 8181.47.
Looking ahead, key support levels are just below the current market:
• First, the 8044 high we mentioned last week.
• Then, the August low at 7906.
• However, the critical levels to watch are the uptrend at 7775 and the 23.6% retracement from the October 2020 low, sitting at 7778.
These combined levels could provide significant support moving forward. Stay tuned!
Disclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
UK100 Index Faces Resistance: Short-Term Pressure Ahead🚨 Market Update: The UK100 Index (FTSE) recently hit resistance around the July high of 8408, peaking at 8418. It’s now facing short-term pressure, with the daily RSI showing a divergence that signals a loss of upward momentum. Given this, we could see further declines, possibly slipping back to the 55-day moving average at 8234, or even towards the 2023 high of 8044.
Disclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
We are in SHORT UK100Team, this morning we were waiting patiently for the UK to hit our short position. We are now entering the short positon at 9394.60
STOP LOSS at 8420.10
Target 1 at 8378.60 once it hit the target, trail your stop loss toward the entry short position.
Take some partial profit
then target 2 8362.60
and then 8352.80
FTSE 100 Potentially topped. Strong pull-back incoming.Earlier this month (August 08, see chart below), we got the most optimal buy entry on FTSE 100 (UK100) that quickly hit the 8300 short-term Target, even earlier than we expected:
The price is now above the top (Lower Highs trend-line) of the Bearish Megaphone, a symmetrical pattern to May - August 2023. We expect this rally to top soon and then pull-back the same way to the symmetrical Support Zone, below the 1D MA50 (blue trend-line).
Shorters can target its top at 8150 and then buy for 8500.
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FTSE at a crossroad - Potential short term down play!Simple yet effective.
Given the earnings so far from FTSE came out negative and the broad relief rally / dead cat bounce, I expect global indices to fall next week.
Should 61.8% fib level break and close higher, we may very well see ATH for FTSE so trade carefully with a very tight stop loss.
