Hello traders.
Apologies for the delay, I drove up to London first thing this morning for a meeting and have only just got back. It’s times like today I regret living on the beach in Dorset. Most of the day has been spent behind the wheel, but it was definitely worth the trip.
Significant close on Friday put me in the bearish camp right now, I can’t see much excitement for bulls at the moment. Bearish below 10550. So today, as I have missed all the fun this morning already, I will keep the article brief and make up for it tomorrow instead.
[warning]There is a potential short opportunity shaping up right now as the gap from this morning is closing[/warning]
Looking at the trades, my Renko system did manage to do ok today. +35 points right now, it gave back some gains from this morning when it was chopped up three times. One of the failings of this system, but I will work on that. I have it set up for short only trades right now.
Renko System
