Anyone scalping the FTSE Futures??

[Talbs!]

What gap?
I like playing the gap close, but that may be just too big for today.

haha i know but as a play for next 2 days that will get filled ! low today/tom morning then filled friday afternoon !

 

[bustech]

haha i know but as a play for next 2 days that will get filled ! low today/tom morning then filled friday afternoon !

Agree.

Sign's of support in Hong Kong and the ASX.
If we sell off today and Asia forecast's a lower open on Friday.
Support should come with HK and ASX, which should follow into UK, Europe and US on Friday.

 

[Dick Lexic]

blimey what happened over night?

wow ..now that's what i call a stop run..

 

[wernluck]

morning all
some nice trades in the Dow
alllowing great R/R and great geometry
had been following the pullback described by the black PF
80% of the time price will reach the median line of the PF.
At the median line were the sellers that had stepped down from above.
Price gave 3 goes at getting short(red circles)
with stops above high at 15305 ish
target the lower median line(brown circle)

 

[Talbs!]

Market will probably test the lows from the other day before turning around again , so agree with the above ! 1595 S&P !

 

[Dick Lexic]

that's a great chart wernluck ...was that a trade ?

i'm still watching the simple downward channel on the ftse ...i thought we had broke it yesterday but no....think we may already have the low now but 6160 ish still a poss...

 

[wernluck]

yes Dick.
Decent trade as position could be quite large as stops were so close.
Flat atm..
The run ups into the sellers were quite similar as well
(posted the set up originally on my PF thread here..
http://uk.advfn.com/cmn/fbb/thread.php3?id=27478129&from=437

 

[postman]

Looks like the 'DowBoys' are brushing off that little incident last night.
It's almost like they think Japan is a small insignificant island on the other side of the world.

 

[Talbs!]

**** Japan ! Buy equities guess which way round i am !

 

[wernluck]

if FTSE can not hold this level(with support from Jan this year)
the next level of buyers below at 5600 ish

 

[SuddenDeath]

FTSE 6187 would be a 10% correction (6875 year high )

 

[postman]

Given my bad trades yesterday going Long FTSE and later on Dow . I think I should revert to the plain and simple STFF (Short The Flippin' FTSE) strategy, it's always a winner.

 

[Dick Lexic]

if FTSE can not hold this level(with support from Jan this year)
the next level of buyers below at 5600 ish

interesting level wernluck ...you are obviously bearish long term but will you still trade long against your bias?

do i need to sign up to advent to access your blog?

 

[Dick Lexic]

Given my bad trades yesterday going Long FTSE and later on Dow . I think I should revert to the plain and simple STFF (Short The Flippin' FTSE) strategy, it's always a winner.

for some time i have been using my nibble strategy ...as soon as i see a profit i grab it ...

 

[postman]

What gap?
I like playing the gap close, but that may be just too big for today.

The Dax has already munched almost 50 points off the days low, and that's just breakfast. Those Germans have big appetites.

 

[postman]

for some time i have been using my nibble strategy ...as soon as i see a profit i grab it ...

I think any strategy that nets you consistent profits is a good one. :clap:

 

[Talbs!]

The Dax has already munched almost 50 points off the days low, and that's just breakfast. Those Germans have big appetites.

Gaps always get filled this one is too big not to at least get up to 8080 an have a go!

 

[Talbs!]

for some time i have been using my nibble strategy ...as soon as i see a profit i grab it ...

is this similar to my snaffle strategy ?

 

[Dick Lexic]

is this similar to my snaffle strategy ?

yes i was trying to nick it but you sussed me out

 

[bustech]

The Dax has already munched almost 50 points off the days low, and that's just breakfast. Those Germans have big appetites.

Couple of these in the afternoon will slow them down.
Going leave a few small sell order's overnight from 8,065 to the gap.