Anyone scalping the FTSE Futures??

Talbs! said:
What does omni say buy the month end/ 1st month rebalance ?
Click to expand...

Talbs - Oscar's opinion is that short term charts are looking bullish for trading indices today.He is not really focussing on month end rebalancing (he is a chartist). He also mentions that we should be aware that the end of April/early May often leads to a top and then a sell off which supports your outlook
 
ads57 said:
Talbs - Oscar's opinion is that short term charts are looking bullish for trading indices today.He is not really focussing on month end rebalancing (he is a chartist). He also mentions that we should be aware that the end of April/early May often leads to a top and then a sell off which supports your outlook
Click to expand...

Sure ive seen his stuff, to be honest my view is we may see a top soon but calling it is very difficult, also the ECB in the mix will be the deciding factor this week. Im pleased his short term view is it goes up as ive bought the dow against selling the dax which should work out ok, but ill be getting out of any pop in the dow to run the dax short.
 
Also interesting https://mr-topstep.com/index.php/opening-print/opening-print/2603-s-p-500-end-of-the-month-rebalance

Danny Riley,like most traders is expecting 1600 on ES to get hit today or tomorrow.He thinks there are far to many stops just above this level for the market to ignore. He also thinks the walkaway trade is worth looking out for today:

THE WALKAWAY TRADE:
On the last day of the quarter, the portfolio managers have a tendency to run out of money after marking up stocks earlier. So, by 12:00-1:00ish CST this leaves the S&P susceptible to a decline later in the day. Traders look to set up a short position in the early to mid afternoon as the professional money managers walk away leaving the equities ready for an afternoon fade
 
Last edited:
Talbs! said:
Sure ive seen his stuff, to be honest my view is we may see a top soon but calling it is very difficult, also the ECB in the mix will be the deciding factor this week. Im pleased his short term view is it goes up as ive bought the dow against selling the dax which should work out ok, but ill be getting out of any pop in the dow to run the dax short.
Click to expand...

to be fair to the guy he has made some pretty good calls. He is certainly not calling the top at the moment although he is aware it often comes at this time of year.

Dow - on the Dow daily he mentions that recently the market broke below the bull trend line but yesterday the market broke back into this bull channel and closed above the trend line which is good for the bulls.

Dax - he notes on the Dax monthly there is a triple top. He thinks it is possible that there will be a pullback after the triple possibly followed by another big surge northwards.

Dollar - At the moment he sees Dollar and indices moving in opposite directions
 
ads57 said:
Also interesting https://mr-topstep.com/index.php/opening-print/opening-print/2603-s-p-500-end-of-the-month-rebalance

Danny Riley,like most traders is expecting 1600 on ES to get hit today or tomorrow.He thinks there are far to many stops just above this level for the market to ignore. He also thinks the walkaway trade is worth looking out for today:

THE WALKAWAY TRADE:
On the last day of the quarter, the portfolio managers have a tendency to run out of money after marking up stocks earlier. So, by 12:00-1:00ish CST this leaves the S&P susceptible to a decline later in the day. Traders look to set up a short position in the early to mid afternoon as the professional money managers walk away leaving the equities ready for an afternoon fade
Click to expand...

thanks for posting ads57
 
Good old top step he is normally spot on ! funny how things have worked out, ive bought back short dax now running long down bought a bit more here at 72, 59 needs to hold though !
 
The big question is whether this dip is going to be bought ? Answers on a postcard please.
 
ads57 said:
Market always gets in the way of a good plan.
Dow now trading below yesterday's open.
Click to expand...

Been shorting dax all day ! made a few quid on this, even though technically its bullish, so i think right ill stick with tech and get hosed on the dow , hate days like this ! (n)
 
Talbs! said:
Been shorting dax all day ! made a few quid on this, even though technically its bullish, so i think right ill stick with tech and get hosed on the dow , hate days like this ! (n)
Click to expand...

I found DAX really difficult to read today. Very choppy ::confused:
 
Thing is new month tomorrow, it will stop everyone out of longs today then make new highs tomorrow ! oh the joys !

Dick Lexic pleased you manged the snaffle a few points on the move down :LOL::LOL::LOL:
 
Talbs! said:
Thing is new month tomorrow, it will stop everyone out of longs today then make new highs tomorrow ! oh the joys !

Dick Lexic pleased you manged the snaffle a few points on the move down :LOL::LOL::LOL:
Click to expand...

ha just a nibble from the middle....nothing technical just went with the flow
 
You must log in or register to reply here.

Similar threads

O
Scalping
Replies
7
Views
4K
roberk
R
O
Futures scalping
Replies
10
Views
4K
neil
neil
D
Pivot Point Scalping on the ES
Replies
7
Views
7K
dancorcal
D
S
Scalping the Dow
2 3 4
Replies
67
Views
20K
Dave1971
D
O
Futures micro trading (scalping)
Replies
1
Views
3K
SuperDriveGuy
S
Top