FTSE 5328 - 23 Dec

Long Entry Rules on 15min Chart 
1. 5ema > 10ema - FAIL
2. Stoc > 50 - FAIL
3. MACD Bear Cross (9) 11:30 -FAIL

Exit Rule.
5ema < 10ema and Price < Low of last three 15min candles

Summary.
Long signals again in place at Market Open 5329. Entry point on pullback from 34pt gap open 5363 at 08:01 was 5350 at 08:12. Market rode 29pts up to 5386 at 12:57. Long exit signalled at 5375. Speculative short 5377 entered at 14:39. Negative divergence on the MACD - kept falling, even though the prices jumped from bottom test @ 5371 to 5378. With the 7pt spike less than 50% of the 15pt drop from the High 5386, I decided to enter a Short with a Stop 1pt above the High

16:30
Market Closed 5372
Exit short when 5ema(5361) > 10ema(5364)
High 5365, Low 5357
Macd (-1.1).
BB 5355-5388
16:00
Exit short when 5ema(5363) >10ema(5366)
High 5373, Low 5351
Macd (-0.45) gone NEGATIVE.
BB 5356-5388
 

15:00
5ema(5373)<10ema(5374)
High 5379, Low 5369
Macd (4.8)
Short 5377 Stop 5387 Target 5344
Exit Short on 15 min close above 10ema (5374)
BB 5368-5383


14:00
Long closed. @ 5375 for 20pts
5ema (5375) < 10ema(5376) 
High 5384, Low 5371
MACD (6.6)
BB 5364-5384

13:00
Exit 5ema(5380) < 10ema(5376)
High 5387, Low 5376
Macd (8.8)
BB 5356-5386

12:00
Exit 5ema(5375) < 10ema(5372) and below Low
High 5382, Low 5367
Macd Bear Cross (9) at 11:30
BB 5340-5389


11:00
Exit 5ema(5372) < 10ema(5368) and below Low.
High 5376, Low 5368
Macd (9).
BB 5336-5384

10:00
Running Long with Exit Rules in place.  
Exit when 5ema(5358) < 10ema(5354) and below low
High 5368, Low 5279

09:00
MACD Bull cross (7.4).
High 5367 Low 5248
Long 5355 Stop 5345 Target 5385
Long signal on break of 5355 resistance. Short Stop reduced to 5359

Short 5359 Stop 5364 Target 5329

FTSE 5328 seen opening higher by 34pts at 5361.Thinking of entering a SHORT @ 5396 on retest of  Yearly High. Daily 50ema 5216 is acting as Support with Resistance around 5380-5400. Market moves on Wednesday have been low - 60pts. With Pivot point 5316 and momentum into year end, the favoured trade is LONG with Target of 5396. Recent High 5396 on16th November was 26 days ago. Retest of High expected by 29th Dec. 20th Jan,10th Feb and 17th March 2010 are dates I am watching for a possible High/Low.