Anyone scalping the FTSE Futures??

[postman]

Unless we break below 587 this cr@p is going to carry on till 7.30 by my chart.

This is it - but which way????

 

[Vasco da Banana]

This is so exciting I might have to go and watch some paint dry instead.

 

[postman]

Theres a 660 close coming

 

[postman]

570 I reckon

You still short?

 

[Vasco da Banana]

Theres a 660 close coming

No, 630.

 

[postman]

Theres a 660 close coming

No, 630.

Well I think we both agree its not 520.

 

[Vasco da Banana]

Well I think we both agree its not 520.

I've closed my last DAX long now, so my revised opinion is that we'll have 100pt drop in the last 5m.

 

[Maddog79er]

You still short?

Yes and will continue to be

 

[Vasco da Banana]

Yes and will continue to be

Where did you open and what's the reasoning, Maddog?

 

[postman]

Yes and will continue to be

I think you'll be ok next week.
In fact I wouldnt be surprised to hear some 'unexpected' news that is bad for the market over the weekend and stocks open down on Monday.

 

[Maddog79er]

I think you'll be ok next week.
In fact I wouldnt be surprised to hear some 'unexpected' news that is bad for the market over the weekend and stocks open down on Monday.

From many, many hours of screen watching... I think There is a 75% chance of bad news over the weekend. There is rarely good news. I shall hold and continue to short. Will add to my short if we get any higher but the fact that the Dow has major resistance at current levels I doubt I will need to.

 

[Maddog79er]

Where did you open and what's the reasoning, Maddog?

Vasco - with all due respects, I have explained my reasoning more than once on this thread

 

[Vasco da Banana]

Vasco - with all due respects, I have explained my reasoning more than once on this thread

It's OK, Maddog, I wasn't criticising. I'm with you on the idea that the markets are due a big fall, but I was meaning more in the light of what happened in the second half of today, and the wisdom of keeping positions open over the weekend. Gaps up are just as likely as gaps down, as I very painfully discovered many years ago (something like 300pt on the Nikkei). Being flat over the weekend is less stressful, even if you might be missing out on potential gains.

 

[cablemonster]

From many, many hours of screen watching... I think There is a 75% chance of bad news over the weekend. There is rarely good news. I shall hold and continue to short. Will add to my short if we get any higher but the fact that the Dow has major resistance at current levels I doubt I will need to.

I generally follow the ES as that is the centre of the universe for equity risk. I do agree with you the markets are vulnerable to a pullback after the weekend. A fair trade I say. Barring any crazy early taper news I think any pullback will be just that and we will see the ES print 1800 very soon, I think we will see 2000 in the ES in Q1 2014 certainly in 2014. They will need some runs on the board before they turn the taps off. :smart:

FTSE cash should print 7000 during November certainly by xmas.

 

[SuddenDeath]

good morning everyone

SP500dec 1755 is pivot, (bullish above,bearish below. 6743)

FTSE should find support around 6715

dow buy/sell 634/597

currently 624

greenspans interview with charlie rose on forecasting (30mins)

http://econintersect.com/b2evolutio...e-week-charlie-rose-interviews-alan-greenspan

 

[hereward the wake]

morning all

 

[postman]

morning all

Morning all.

Hereward, are you always a wake or do you sleep sometimes.

Morning all. Tight range for the next few days.

 

[SuddenDeath]

hi postman and hereward the wake (htw)

hsbc is making 5 day lows in hk.

 

[hereward the wake]

Morning all.

Hereward, are you always a wake or do you sleep sometimes.

Morning all. Tight range for the next few days.

We are such stuff
As dreams are made on, and our little life
Is rounded with a sleep.
The Tempest (4.1.168-170)

 

[Vasco da Banana]

Might as well close down this thread now we have an Expert Retail Forex Trader posting live calls elsewhere. Pity he/she isn't an Expert Index Trader, then we could all be rich enough to retire in a few weeks.