FTSE100 (UK100) 28/10/2024The FTSE(UK100) still ranging between 8400 and 8100... Break range and expect a big move (9K or retest 7800). That huge rejection of 8100 makes me bullish bias #UK100GBPby DENCHMONUpdated 2
FTSE 100: A Trip Through the Timeframes The FTSE 100 finds itself at a key crossroads, trading at a major level of support that resonates across multiple timeframes. For traders and investors alike, this is one of those moments where the charts tell a story worth reading - let’s dive in and unpack the patterns shaping the FTSE’s current setup. Weekly Timeframe The weekly timeframe is an excellent starting point for any multi-timeframe analysis, offering a macro perspective on the FTSE 100. Here, the index remains in a long-term uptrend but is currently consolidating. Recent price action has brought the market back to a pivotal zone: the broken 2023 highs. These highs, which transitioned into support during the summer pullback, are now being tested once again. This area is a litmus test for the FTSE’s resilience. If support holds, it could pave the way for another leg higher in the long-term trend. However, a breakdown could signal a deeper retracement and a potential shift in sentiment. FTSE 100 Weekly Candle Chart Daily Timeframe Zooming into the daily chart, the nuances of the support zone come into sharper focus. The index’s response to the U.S. election was dramatic, creating a long-tailed bearish fakeout candle—a false breakout that reversed sharply on elevated volume. This move dragged the FTSE below its 200-day moving average for the first time since February, adding to bearish concerns. FTSE 100 Daily Candle Chart Past performance is not a reliable indicator of future results Four-Hour Timeframe On the four-hour chart, the first signs of optimism emerge. At the support zone, the market has carved out a small, inverted head and shoulders pattern—a classic reversal structure often signalling the end of a downtrend. This pattern indicates that buyers are starting to gain confidence, even if only tentatively. FTSE 100 Four-Hour Candle Chart Past performance is not a reliable indicator of future results Hourly Timeframe Finally, the hourly chart brings us to the granular details of the ongoing battle. As the new trading week kicks off, the FTSE is tightly compressed between a minor ascending trendline and a horizontal resistance level. This tug-of-war reflects the intensity of the market’s indecision near the key support zone visible across all timeframes. This compression phase typically precedes a breakout. If the FTSE manages to clear the resistance, it could act as the catalyst for a broader recovery, with ripple effects across higher timeframes. Conversely, a breakdown below the ascending trendline might reignite selling pressure, threatening the structural support zone. How this small hourly pattern resolves will likely set the tone for the week ahead and potentially influence the FTSE’s trajectory on higher timeframes. FTSE 100 Hourly Candle Chart Past performance is not a reliable indicator of future results Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.67% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. by Capitalcom2
FTSE UK Market is about to dive hard. FTSE UK Market is about to dive hard, first one to crack. Bear market is here.Shortby patrick7ane0
UK100 - TIME TO VISIT NORTHTeam, We been trading very well with UK last few weeks, the UK has been reached it lowest range and expect to move toward 8140 We are entering the LONG position at 8067-8070. STOP LOSS AT 8040 Target at 8099 target two at 8136-8142 NOTE: Once the price break above 8105, bring stop loss to BE and and take partial 1st target. Longby ActiveTraderRoom1
UK100GB to see a limited rally?UK100 - 24h expiry Price action looks to be forming a bottom. A higher correction is expected. The bias is still for lower levels and we look for any gains to be limited. Rallies continue to attract sellers. Further downside is expected although we prefer to sell into rallies close to the 8095 level. We look to Sell at 8095 (stop at 8171) Our profit targets will be 7943 and 7780 Resistance: 8110 / 8170 / 8230 Support: 7920 / 7780 / 7710 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.Shortby OANDA3
1-hr FTSE100: Traders are Selling Off Their UK StocksThe FTSE100 index remains firmly in a downtrend, highlighted by several Death Cross patterns appearing since last week. This bearish signal, where the 20-period moving average dips below the 60-period moving average, indicates strong selling pressure and an overall negative market sentiment. However, the current price level is relatively low, which may tempt short-term buyers seeking potential bargains. If this buying interest materializes, it could trigger a pullback, lifting the index to 8,064 (23% Fibonacci retracement) or potentially even higher to 8,107 (38% Fibonacci level). These elevated resistance levels could then serve as optimal entry points for traders looking to rejoin the broader downtrend through new short positions.Shortby Trendsharks3
UK100 - WHAT SHOULD WE DOTeam, with the UK100, we killed 2-3 times yesterday. let be very careful today, we are looking to enter long UK100 at 7682-86 and would consider adding more 7960-7976 ranges, STOP LOSS at 7920-26 Our target 1 - 8005-8015 Target 2 at 8036-45 Target 3 at 8076-84 Once it hits our first target, please take some PARTIAL and bring stop loss to BE. Longby ActiveTraderRoom2
UK100 - TIME TO ENTRYTeam, apologies for late post We should send out earlier to entry LONG UK at 8030 ranges however never too late. Here are some rules and strategy for the UK entry now at 8030-8040 ranges add more at 8016-8006 double up at 7960-7976 STOP LOSS BETWEEN 7915-32 Remember to have some room for stop loss, you can reduce the volume. Target 1 at 8076-86 Target 2 at 8105-8115 Target 3 at 8135-65 Please note: take some partial at 1st target and bring stop loss slowlyLongby ActiveTraderRoom5
FTSE UK 100we expect to go short today too weekend , but before that the market need a powerfull pullback . we buy here and wait the short next week or friday thanks please share and likeLongby Forexnation2371
FTSE UK 100we expect to go short today too weekend , but before that the market need a powerfull pullback . we buy here and wait the short next week or friday thanks please share and likeLongby Forexnation2371
UK100 Approaching Key Support Zone for Potential ReversalHello, CAPITALCOM:UK100 has encountered resistance at the 1M pivot point, leading to further downside movement. Currently, the price is approaching a strong support level at 7942.9445, which has historically held and may present a challenge. The zone between 7954.7045 and 7942.9445 is a potential reversal area, where the price could turn back upward. However, if it establishes itself below this range, further downside could ensue. Confidence is high that this could mark the definitive low before an upward trend resumes, though the opposite scenario cannot be ruled out. Time and confirmation will provide clarity. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344 by TradeWithTheTrend33442
Drop Goes The FTSE - Short Side Case Coming In.The FTSE has shown so much sideways movement in and around highs historically, as investor wonder whether there is a bull or bear case. Initial growth stats looked reasonable, but the Labour Govt's budget has ripped into the hopes of business in the UK. Higher taxes will mean lower business revenues, and all sorts of Economic headwinds to follow. I am still holding shorts lower and accumulating swaps. Any re-push higher and I will re-add shorts.by WillSebastian3
FTSE UK100 Long - 10.5RExpecting one final move up on the FTSE to occur from this area. Probably 40% chance of success. Longby TipsOfPips0
UK100 - TIME FOR ANOTHER ROUND Team, yesterday we went LONG UK and we got both target meet today we take another long position but LESS risk since our stop loss is tight entry price at 8068-62 with STOP LOSS at 8052-48 PLEASE NOTE, if it hit our stop loss, we will wait for next week entry at 7960 ranges Our target at 8096-8105 target 2 at 8115-8126 Target 3 at 8136-45 Once it hit our 1ST target, please take some partial profit and bring stop loss to BELongby ActiveTraderRoom1
Recognizing and Overcoming the Belief in Controllable OutcomesIn trading, the illusion of control bias is a cognitive trap where traders believe they can influence outcomes that are, in reality, beyond their control. This misconception can lead to risky behaviors, overconfidence, and trading errors that ultimately hurt performance. Recognizing and managing this bias is essential for any trader who wants to make sound, objective decisions in a largely unpredictable environment. Below, I’ll cover some approaches to understanding and overcoming the illusion of control in trading to help you stay grounded and focused. 1️⃣ Understanding the Illusion of Control Bias: Origins and Impact on Trading The illusion of control bias stems from a psychological tendency where people believe their actions directly influence outcomes, even when they don’t. In trading, this can manifest as a belief that one can control market movements by timing trades or reading charts “correctly.” This bias often leads traders to make overconfident decisions based on a false sense of power. For example, traders might continue doubling down on a losing position because they “feel” they can predict a turnaround. Recognizing that trading outcomes are ultimately probabilistic helps counter this bias. 2️⃣ Identifying Common Triggers of Control Bias in Market Contexts Market conditions often bring out the illusion of control. Volatile markets, economic events, and price trends can encourage traders to believe they have some insight or edge in controlling outcomes. For instance, a trader might think that by analyzing a chart pattern, they can influence the outcome of a trade. But no matter the experience level, all market variables cannot be controlled. Reflecting on such instances and identifying specific triggers, like earnings announcements or economic reports, helps traders develop awareness and avoid illusion-driven decisions. 3️⃣ Differentiating Between Influence and Control in Trading Decisions One effective way to mitigate control bias is by distinguishing between having influence over decisions and controlling outcomes. Traders can influence which assets they choose, their entry and exit points, and risk management strategies, but they can’t control how the market will react. Practicing this mindset requires a shift in focus: rather than concentrating on whether an outcome aligns with expectations, traders can measure success based on disciplined adherence to their strategy, regardless of short-term market swings.This is usually one of the toughest concepts for me to drive home for inexperienced students. 4️⃣ Analyzing Historical Examples of Control Bias in Trading Failures History offers countless examples of how control bias has affected trading outcomes. For instance, during the tech boom in the early 2000s, many traders believed they could predict stock prices due to a sustained period of upward movement. When the bubble burst, the illusion of control was shattered for many who hadn’t properly hedged against risk. Similarly, learning from past mistakes—both personal and from case studies—can prevent a similar mentality. Reviewing such events serves as a practical exercise to remain grounded. 5️⃣ Building a Routine of Objective Decision-Making A structured, rules-based approach to trading can help keep control bias at bay. For example, a well-designed trading plan that includes entry and exit strategies, risk levels, and routine performance reviews can remind traders that long term, sustainable and consistent success isn’t based on market control but on disciplined execution. Daily reflection exercises, where one reviews both winning and losing trades objectively, help isolate controllable factors (like trade size) from uncontrollable ones (like price fluctuations), grounding decisions in a factual, less emotion-driven framework. 6️⃣ Implementing Techniques for Emotional Detachment Another approach to overcoming the illusion of control is to foster emotional detachment from each trade outcome. Techniques like mindfulness and meditation are effective for staying present, reducing emotional responses, and distancing oneself from personal attachment to outcomes. For example, practicing meditation before trading hours can help keep emotions in check and remind traders to focus on their plan rather than on “winning” a trade. Developing these techniques trains the mind to treat each trade as an execution of strategy rather than a conquest. 7️⃣ Leveraging Performance Metrics to Replace Bias with Data By tracking performance metrics, you can maintain objectivity and let data, not emotion, guide decisions. For instance, recording key metrics such as win/loss/DC ratio, drawdown, size to equity ratios helps you see the reality of your approach. If a strategy shows success based on predefined metrics, then it can reinforce the right habits and decisions. This data-driven approach serves as a constant reminder that the trader’s performance isn’t a matter of market control but of disciplined adherence to a well-defined strategy. Understanding and overcoming the illusion of control bias is critical for every trader. By recognizing that markets cannot be controlled, focusing on influence over outcomes, maintaining discipline, and relying on objective data, you can build resilience against this pervasive bias. By making consistent efforts to remain objective, you position yourself to make more rational decisions, improving your performance over time.Educationby AlexSoro112
uk 100 sell tradeThe Relative Strength Index (RSI) is showing a downward trend, indicating weakening momentum. Additionally, the Moving Average Convergence Divergence (MACD) is showing a bearish crossover, further supporting the potential for a downward move.Shortby Mansa_Musa_Capital0
UK100 - SHOPPING TIME IS OVERTeam, yesterday we went long UK with target hit as Today, I expect the downtrend hit toward 8080-65 So please enter slowly with RISK MANAGEMENT Our target is 8096-8115 - TAKE SOME PARTIAL and bring stop loss to BE. Target 2 at 8132-46 Target 3 at 8178-96 We play our STOP loss far away at 8035, if it hit stop loss RE-ENTER again. with another 30 points stop loss Longby ActiveTraderRoom2
UK100 - it has been a whileTeam, with the UK100, we have not been trade since last week we want to want for the RATE announcement today 25% basic points is off the market ENTER long/buy at 8150-55 We will consider add more at 8115-30 We need to move our stop loss far so we can move back once it it hit our first target like 8080-8065 Target 1 at 8180-82 - once it hit our target - take partial and bring stop loss to BE Target 2 at 8225-40 Target 3 at 8245-65 Remember to enter slowly with RISK management. Longby ActiveTraderRoom2
FTSE BEARThere are 3 targets for the bear in this set-up. Lets see if its ready to go lower than TP3. Shortby elitetechfx-dailyUpdated 226
UK100 Bearish Trend We in a Bearish Trend going lower from UK100. We on a consolidation Trend going lower as we about to sell. Price has broken Resistance to Support to sell lower.Shortby Thabang18651
Retest of established highsThe index rejected and bounced off 8.151 signalling continued upward movement towards the top. The 8.280-8.325 we'll likely halt the bullish momentum as it is an area of resistance.Longby Two4One4Updated 1
Potential Moves for UK100 Watching UK100 right now. it just entered a 4H FVG, if double top confirmation happens, I will be looking for shorts. Alternatively the FVG will be violated and it will carry on with a bullish trend. Let's seeShortby Blockchain_Hustler0
UK100: Key 1M Pivot Point Signals Potential Bullish MomentumHello, The 1M pivot point for CAPITALCOM:UK100 is critical right now. If prices hold steadily above it, we could see the bulls regain control. However, if it acts as resistance, the 1M support structure may be tested, possibly down to its full extent. For now, a neutral outlook remains in place trend-wise. In the long term, however, there is still strong confidence in a bullish continuation, which currently appears highly likely. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344 by TradeWithTheTrend33441