Anyone scalping the FTSE Futures??

[Dick Lexic]

Thanks Jeffre4 glad to see someone is paying attention, double bottom S&P on Globex gus beware the return of the bulls

where's the ftse trades mr t ?

 

[Talbs!]

where's the ftse trades mr t ?

haha very good, but i never make FTSE calls, IMO ridiculous market does its own thing hence i dont touch it !

 

[Dick Lexic]

mr dax says to mrs dow "pardon me dear but your double bottom has a bit of hidden divergence"

 

[Talbs!]

mr dax says to mrs dow "pardon me dear but your double bottom has a bit of hidden divergence"

this market is going to be touch expect to see dow 15300 by monday evening trust me, if fed say QE will stay for now mkt will pop no way will they taper with the panic they have created by testing the waters !

 

[Dick Lexic]

ok every body stay perfectly still ....don't make a sound

 

[Dick Lexic]

this market is going to be touch expect to see dow 15300 by monday evening trust me, if fed say QE will stay for now mkt will pop no way will they taper with the panic they have created by testing the waters !

yes and as for the ftse ....i have a cunning plan

 

[Dentalfloss]

ftse 100 cash index
shows the trend since 28 may
30 min data
quite a steep trend ....could recoil

 

[Dentalfloss]

that fierce downtrend has recoiled
still on M30 data

supp for this minor uptrend is 6216 area/green line
res is6330/trendline cluster
followed by 6440 area..prev breakout point and trend res
so 6280 as we had horizontal support from last weekend got taken out
lets see if this bounce has some ammo

 

[Dentalfloss]

so now we have overhead res
so....what do we do next ???
we examine the latest uptrend...now we ahve to go down to 1 minute data as this latest uptrend has only just started
so the first sign of trouble is when 6285 area gets tested/green trendline
that is the first area of support..if it gets tested
if price moves up then supp moves up

that is how we do things..it is easy
we dont need any idiotic trading mentors /teachers
neither do wwe need any decision support software
if you cannot see trends from a raw chart,then you might be losing before you start
only load the trends on the chart..the consolidations will cloud your judgement

 

[postman]

A little stutter on the Dow it slipped nearly 18 points.
Are we back in the Dow only goes up mode already?
A little profit taking for today methinks.

 

[bustech]

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.

Yanks love a bargain, buying on steroids.
Cut those DAX trade's for a lose.
See some upside in the ASX and HK.
Japan should be okay until next week.

 

[bustech]

Morning All

ASX up 2%
BHP +2% and RIO over 4%
HK and Japan both up, but not going on with it.

 

[Dentalfloss]

outlook for the dow index for today
a new uptrend and the bounce off support/green line yesterday
now facing a stack of resistance..both horizontal and trend /red line
it has to keep above 14976 area to keep bullish
30 min data..32 points by 2 reversal
lets see if there is enough bulls to take out that res..15296 is an importatnt area to hold.ie above res
so...no real surprises in store for today
if the index gaps up..need to see if it gets sold off into support..aswell

 

[Dick Lexic]

well the ftse held outside the channel so let's here it for the ftse girl :clap:

oh i forgot ...no one trades the ftse on here

 

[SuddenDeath]

good mornin Dick Lexic and bustech

good morning everyone.

dow cash close = ftse 6357

SP500june 1597 is 50% fib on weekly closing prices, approx 6218 ftse

 

[Dick Lexic]

outlook for the dow index for today
a new uptrend and the bounce off support/green line yesterday
now facing a stack of resistance..both horizontal and trend /red line
it has to keep above 14976 area to keep bullish
30 min data..32 points by 2 reversal
lets see if there is enough bulls to take out that res..15296 is an importatnt area to hold.ie above res
so...no real surprises in store for today
if the index gaps up..need to see if it gets sold off into support..aswell

i have a closer dow resistance area at 15209 ...you confirm?

 

[Dick Lexic]

spot the ftse

 

[Talbs!]

Morning guys happy friday, dax bounced off 23 support level but not looking convincing at the moment, reckon postman will be shorting FTSE today again ! So that another person trading FTSE DL !

 

[Dick Lexic]

well a re=test of the may low would be nice 6405 .....seems to be a gap to close at 340


upside targ 6450 unless the pesky bears have other ideas

 

[Dentalfloss]

dick..
ok
well
dow res
there is trend and horizontal res at 15168-15200
then horizontal at 15200-15232 on that chart
it is 30 min just to give everybody a rough idea what to expect
ppi at 1.30 and university of michigan at 3 .00pm
so a possible gap at the open after ppi