Anyone scalping the FTSE Futures??

Anyone short Dax, im short from 9340, but thinking of cutting it, not sure if its going to drop
 
mac83 said:
Anyone short Dax, im short from 9340, but thinking of cutting it, not sure if its going to drop
Click to expand...

Personally I think the DAX is overbought. It is due a down day but you never know in these markets. Stick to your research and place a stop loss you're happy with.
 
mac83 said:
Anyone short Dax, im short from 9340, but thinking of cutting it, not sure if its going to drop
Click to expand...

There are loads of economic news coming out tomorrow mostly related to Germany.

US will be close, therefore market can be volatile, you can expect many swings leading to stop loss only to turn its way.

If German news are positive then rally.

JT
 
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mac83 said:
Anyone short Dax, im short from 9340, but thinking of cutting it, not sure if its going to drop
Click to expand...

Just so you can make an informed decision I've attached a graph of the daily Dax.

:LOL:
 

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mac83 , just had a look into DAX chart, I can tell you shorting DAX now can be dangerous.

If you are looking for 10 to 15 points then might be ok. but for 10-15 points risk is huge.

DAX is perfect bullish consolidation mood after a big move and looking to break up soon.

JT
 
Forget charts, patterns or any kind of TA. It's irrelevant and has been for a year. The market does not drop and will not drop, and whatever target anyone picks will be hit. At least in the short term.
 
For completeness I've added the daily FTSE chart.
 

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samspade79 said:
Forget charts, patterns or any kind of TA. It's irrelevant and has been for a year. The market does not drop and will not drop, and whatever target anyone picks will be hit. At least in the short term.
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That's an encouraging view samspade79 !!!

I like that (y) "Money never sleeps"
 
Jessi_trader said:
That's an encouraging view samspade79 !!!

I like that (y) "Money never sleeps"
Click to expand...

If you mean encouraging because "everyone is now bull and therefore collapse imminent" you're wrong, because I've missed out on almost the entire run, but I'm still mostly on the sidelines. I was short until the SP1460s and then covered. I waited for a pullback that never came to go long. I went long FTSE a month or so ago but that's been a waste of time, while the SP added another 10%.

I may just buy a bit coin and wait a week. Easy 1000%.
 
Thanks for the replies everyone, I think I will cut it soon doesnt look like it wants to drop
 
samspade79 said:
If you mean encouraging because "everyone is now bull and therefore collapse imminent" you're wrong, because I've missed out on almost the entire run, but I'm still mostly on the sidelines. I was short until the SP1460s and then covered. I waited for a pullback that never came to go long. I went long FTSE a month or so ago but that's been a waste of time, while the SP added another 10%.

I may just buy a bit coin and wait a week. Easy 1000%.
Click to expand...

No, No, I did not mean that....I mean encouraging about being positive on market. UP and UP only ! that's ok with me :LOL:

UP and Down doesn't really matter to me.
 
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