Anyone scalping the FTSE Futures??

Where are these Highs going to end.....!!
Awesome stuff but surely a correction must be on the Cards......??
 
Not being funny, but all these "targets" and "buy pivots", aren't they kind of pointless in this market - any target you pick at all will be hit. I'm charting based on weather patterns - if its sunny I go long, and if its not sunny I stay in cash. Not lost a penny so far.
 
Dow index
there was no reason to go short
30 min data from 22 nd april
shows 3 trends..all upward
15 points by 1 reversal
plotted on close data
2zoi07l.gif
 
Über bullish ! 6700 ftse ! This is going to end very quickly and very Badly but the party may keep on going for a while !
 
Morning All

ASX taken a beating, has recovered some. of the losses.
BHP down 2% and RIO down 3%, still trading.
Some mining servicing stock down over 4% on that BHP is cutting capEx.
This should weigh on the FTSE

Kept loading the Nikki 225 chart and thought was loading the DOW.
Nikki now at 15,000 today
As Victor Meldrew would say unbelievable.
 
Last edited:
morning bustech

I have a conspiracy theory about what happened yesterday. people obviously knew before hand that Tepper was going to be on CNBC, so they wanted to accumulate stock/positions , so they drive down the indices and put some people short then Tepper speaks and bham up she goes with a mix of tepper eurphoria and short covering
 
samspade79 said:
Not being funny, but all these "targets" and "buy pivots", aren't they kind of pointless in this market - any target you pick at all will be hit. I'm charting based on weather patterns - if its sunny I go long, and if its not sunny I stay in cash. Not lost a penny so far.
Click to expand...

OK Master trader Sam lets follow the "Bulls 101" training course today.

FTSE 6682 below yesterdays close - check.
Sun outside - check.
Buy FTSE!
Wait!
:LOL:
 
Morning Guys ! Welcome to todays casino ! Not sure i want to try Sam's weather trading strategy, cant wait for this market to normalise when we have a bit of up and down flow, suddenly all these master traders who only have a buy button will wonder why the market isnt working for them anymore.
 
Talbs! said:
Morning Guys ! Welcome to todays casino ! Not sure i want to try Sam's weather trading strategy, cant wait for this market to normalise when we have a bit of up and down flow, suddenly all these master traders who only have a buy button will wonder why the market isnt working for them anymore.
Click to expand...

Today's forecast is 8 degrees and cloudy. The charts don't lie - that means a flat-ish day with a chance of +3pts.
 
samspade79 said:
Today's forecast is 8 degrees and cloudy. The charts don't lie - that means a flat-ish day with a chance of +3pts.
Click to expand...

Cloudy means no trading ???

Agreed charts dont lie but after being long yesterday till about 2.45 ish i decided to short the dow, i dont care who thinks im wrong to be honest, im short at 14120,14150 and 14210 ! Im quite happy with it for now, but least i put my trades out there. that isnt a dig at you Sam just in general.
 
you can get some good small risk shorts with this type of market ....albeit they are not working but you might just hit mr big:)
 
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