FTSE 5513 - 20 Jan

16:30 Market Close 5420

16:10 Day low 5405

14:52 Considering another Long @ 5457

14:49 Day low 5450

14:47 Long closed at 5460. No advance seen for 30mins is limit in Down trending market

14:07 Long 5457 Stop 5452

14:07 50% of Short 5495 closed at 5457

13:20 Thinking of going Long 5470-5477 before US Market Open

13:15 Hourly Indicators @ 5482

5ema (5483) > 10ema (5482). Macd did not cross at 12:00 - PASS

13:10 High 5488

13:00 Short 5508 and 5495 Stop set to 5490

12:03 Day low 5457

12:00 Hourly Indicators @ 5469

5ema (5478) > 10ema (5582). Macd Bear cross at 12:00 - FAIL

11:10 Short 5495 Stop 5505

11:10 High 5498

10:44 High 5497

10:25  15min Indicators @ 5488

5ema(5490) > 10ema (5494) Macd still point down - FAIL

10:15 Will leave rest of Short running until 15min Rules are Passed. Looking for the market to retace to support at 5390 by tomorrow morning, where I will go Long. Contemplating another short at 5495

Open - (Day High - Day low)/2 = 5513 - (5511 - 5475)/2 = 5495

10:10 Day Low 5475

10:06 50% of Short closed at 5478

09:10 Entered a risky short when Hourly indicators have failed to confirm 15min indicators.

09:00 15min Indicators @ 5502

5ema (5504) > 10ema (5504). Macd Bear cross at 09:00 - FAIL

08:46 Short 5508 Stop 5512

08:45 Day High 5511

08:45 Hourly Indicators @ 5500

5ema (5501) > 10ema (5492). Macd Bull cross at 15:00 - PASS

08:03 Day Low 5483

Market Open 5513

Pivot point 5492. Resistance at 5505, 5520, 5536, 5551, 5570 and 5600. Support at 5505, 5480, 5450, 5432 and 5390. Average move on Wednesday has been around 57pts. Day range 5470-5530 with support at Daily 20ema (5446) and resistance at 5532

Australia ASX200 (4861) was up 7pts 0.14%. Above support 4860
Japan Nikkei 225 (10737) was down 27pts 0.25% Above support 10700
Shanghai Composite (3151) was down 93pts 2.93%. Below resistance at 3300

S&P500 (1150) was up 14pts 1.25% .