Anyone scalping the FTSE Futures??

Good morning all

Long FTSE from yesterday stopped out for 54 point loss. Been caught out a few times trading at what looked like support or resistance only to get a break up or down.

Ian
 
SuddenDeath said:
from when the ftse march contract expired on friday 15th march, the front month implied a range of 170pts for the next month

this implies a low before the 19th April at 6320 ish
Click to expand...

agree this level ...would be looking for support if we go there today
 
Morning All

YEN on risk off
FTSE should see some bounce in the morning.
But sellers should take control around 6,400 to 6,420
See if we can get the DOW into a new lower range today, around 14,310 to 14,360
 
morning Bustech and Dick Lexic, FTSE is way below pivots meaning very weak internals, SP500 internals also crap.

only stop running or fake news can turn this market,

SP500 june needs 1544/43 buy/sell
 
Last edited:
how much selling is going on up at that 390 area that's the key for me ....i've had a long signal for a few days but news has skewed
 
Very difficult to make a call again this morning. Have tried a couple of shorts but dropped out of them at more or less breakeven as didn't trust in the move.

Holding 100 short on Dow still looking for sub 14400 but probably just being greedy and should have closed this morning at 14410.

Looks like we could have a flat to up day overall.

German IFO below forecast ...Dax recovered losses quickly but not managing to push beyond 7920.

Still, feels like we're in an "any news = bad news" kind of week. Every other week this year has been "any news = good news".
 
think DAX is waiting for EURUSD to break the 200ma on daily has bounced twice on daily from 200ma. draghi and co are working to weaken the eurusd.
 
chimpmagnet said:
Very difficult to make a call again this morning. Have tried a couple of shorts but dropped out of them at more or less breakeven as didn't trust in the move.

Holding 100 short on Dow still looking for sub 14400 but probably just being greedy and should have closed this morning at 14410.

Looks like we could have a flat to up day overall.

German IFO below forecast ...Dax recovered losses quickly but not managing to push beyond 7920.

Still, feels like we're in an "any news = bad news" kind of week. Every other week this year has been "any news = good news".
Click to expand...

next weeks quarter end is recipe for jiggery pokery as well
 
samirs said:
that should benefit DAX?
Click to expand...

weakening euro helps german exports , think thats the only reason Germany remains in Euro they get huge benefits.

Once chindia is back on track the Dax can very easily add 2000pts, Dax is very cheap index
 
Even though people are worried about Cyprus, the shorts in Eur/Usd and equities will be squaring ahead of the weekend incase there is a deal, im long DAX, DOW and Eur/Usd looking for the short covering, working so far but its early in the day, plus QTR end coming up lots of fund managers window dressing which will benefit the risk on scenario.
 
SuddenDeath said:
BP +2.8% yet FTSE is lower by 7pts

not sure exactly how many pts BP gain is adding to FTSE
Click to expand...

According to wikipedia, as of 5 March 2013:
BP cap - 85
FTSE total cap - 1760

so, BP is 4.83%

so, change of 2.8% would mean around 8.5 points of FTSE100 (I think ?)
 
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