What is FTSE 100 index and how to trade FTSE 100 index?
The FTSE 100 Index, additionally called FTSE 100, FTSE, or, casually, the “footsie”/ˈfutsiː/, is a benchmark index of the 100 organizations recorded on the London Stock Exchange with the highest business promotion. It is a standout amongst the most generally utilized stock records and is seen as a guage of business flourishing for business controlled by UK organization law. The index is kept up by the FTSE Group, a subsidiary of the London Stock Exchange Group.
The index started on 3 January 1984 at the base level of 1000; the highest point arrived at to date is 6950.6, on 30 December 1999. In the wake of falling throughout the fiscal emergency of 2007-2010 to below 3500 in March 2009, the index recouped to a top of 6091.33 on 8 February 2011, fell under the 5000 imprint on the morning of 23 September 2011, however arrived at 6839.30 at the business sector close on 08 May 2014.
Now lets come to the point on how to trade FTSE 100 index with elliott waves calculator. Open the elliott waves calculator here.
You only need to know today’s high, low and close to get tomorrow’s trade levels. Lets today we get the high at 6840.40, low at 6796.40 and close at 6839.30. We put the HLC in the text boxes in the elliott wave calculator and click CALCULATE.
And we get levels instantly for tomorrow.
Go Short at / below 6840.4. Stoploss at 6847.24. Target 1 is 6813.2.
Go Short at / below 6830.01. Stoploss at 6847.24. Target 2 is 6808.63.
The system gives very small stop loss and a decent target. If you have any questions on how to trade FTSE 100 index with Elliott waves calculator do visit our CONTACT US page.
Indrajit is a professional blogger and trading system developer. Amibroker expert, WordPress expert, SEO expert and stock market analyst.Trading since 2002, he has started the journey of StockManiacs.net on 2008. He follows Indian and world stock markets closely.