Anyone scalping the FTSE Futures??

[postman]

You 2 just trade DJIA, FTSE & DAX?

Yes I only trade those 3.
When I grow up I want to trade the S&P but at the moment my broker allows me to keep my training account going at 10p per point.

I have traded gold in the past and I bought oil when it was $36 a barrel once, but they were extreme price opportunities.

 

[DAX30DayTrader]

great call on buyers stepping in at 726

Thanks.

99.9% of the time I only trade DAX, keeps me focused and profitable which in return is good for my health and sanity.

 

[DAX30DayTrader]

Yes I only trade those 3.
When I grow up I want to trade the S&P but at the moment my broker allows me to keep my training account going at 10p per point.

I have traded gold in the past and I bought oil when it was $36 a barrel once, but they were extreme price opportunities.

Never trades Oil or Gold, not much of a commodity fan.

 

[SuddenDeath]

postman and I are very expert at locating dax high/lows

 

[postman]

Man thats choppy out there tonight.

 

[postman]

Man thats choppy out there tonight.

Not long before 14810 breaks to the downside.

 

[SuddenDeath]

Not long before 14810 breaks to the downside.

i reckon the break below 746 was false to clear out stops below yesterdays low

 

[postman]

Not long before 14810 breaks to the downside.

I have 14862 as resistance. If that holds I will go short. I'd like to see it in the next 10 minutes.

 

[postman]

i reckon the break below 746 was false to clear out stops below yesterdays low

What was your long target on the Dow ?

 

[DAX30DayTrader]

Not long before 14810 breaks to the downside.

Doubt it, the pattern that I used for the long at 14,726 calls for a 14,957 target first before any major reversal again.

 

[postman]

What was your long target on the Dow ?

Its ok I see it. you called break 805 for 857 target.

 

[postman]

Doubt it, the pattern that I used for the long at 14,726 calls for a 14,957 target first before any major reversal again.

Maybe were looking at different timeframes. I'm usually in and out quite quickly (too quickly according to my wife ).

Do you think its going straight up to 14957 without a break ?

 

[postman]

I'm short Dow at 830

 

[SuddenDeath]

What was your long target on the Dow ?

876, but once we broke and made lows the upside is much diminished, since we traded down to 719

when broke 805 it would have hit 877 almost guaranteed, i am guessing we are just consolidating/digesting yesterdays big drop. so last 60/30mins will show whats what.

no harm done.

when we broke 749 we should have hit 716 but only got down to 719

those harmonics must have kicked in but the sound was not sweet music to my ears

dow is getting stronger by the minute 841

 

[DAX30DayTrader]

Maybe were looking at different timeframes. I'm usually in and out quite quickly (too quickly according to my wife ).

Do you think its going straight up to 14957 without a break ?

No, I'm talking movements for the next few days and weeks.

But I also doubt that it will move back below 14800 now the bottom is in place on this pattern in the short term as well. The pattern would need to hold the 14775 level to stay intact, so there is a little room.

 

[postman]

Yes, its quite possible the Dow has hit a low (temporary or not) and the Euro markets are hedging their bets. Some big buyers coming in maybe?

No, I'm talking movements for the next few days and weeks.

But I also doubt that it will move back below 14800 now the bottom is in place on this pattern in the short term as well. The pattern would need to hold the 14775 level to stay intact, so there is a little room.

I see from your chart you thought some big buyers were coming in at the 727 level.
I sensed big buyers from the price movements on the ftse this morning.
Given I'm expecting 862 I've closed my long at 838 for a loss.

 

[SuddenDeath]

the sp500ec got down to......1640 wow

 

[DAX30DayTrader]

I see from your chart you thought some big buyers were coming in at the 727 level.
I sensed big buyers from the price movements on the ftse this morning.
Given I'm expecting 862 I've closed my long at 838 for a loss.

In my view the DJIA correction ended today with the expected low 14726 holding firm, the 100+ point rally shows that I was right about institutional buying, therefore in my opinion the 14775/800 will be defended now on until 14957 is reached which is target 1 for this pattern.

So if I were a DJIA trader which I'm not, I would now be a dip buyer from now on for a run at 14957 over next few days.

As you know I bought the DJIA today at 14728, but I'm a short term trader and I'm not really a DJIA trader.


On the other hand....I could be totally wrong :whistling

 

[SuddenDeath]

In my view the DJIA correction ended today with the expected low 14726 holding firm, the 100+ point rally shows that I was right about institutional buying, therefore in my opinion the 14775/800 will be defended now on until 14957 is reached which is target 1 for this pattern.

So if I were a DJIA trader which I'm not, I would now be a dip buyer from now on for a run at 14957 over next few days.

As you know I bought the DJIA today at 14728, but I'm a short term trader and I'm not really a DJIA trader.

the dow weekly chart tends to show strong support at 14,800

 

[postman]

Awww now I see weakness in the FTSE after market, and little follow through on the Dax.
The Dow doesn't have the support tonight.