Anyone scalping the FTSE Futures??

[DaddyJohn]

was short 5583 on open , jumped off at 5564.. hoping for a pullback to then jump on and hold .. but doesnt look like I am going to get the pullback... I must learn to hold on to my trades longer... 😏

 

[ctlpast]

I was also short at the open hoping for a drop to 5550, my nerve went at 5558.

Also hoping for a SS day.

 

[DaddyJohn]

well you held longer than I did.... one of my big problems is that I try and be too smart.. i.e looking for more prices by playing the pullbacks.. problem is you never seem to do quite as well as picking a good entry .. nice stop / risk profile and letting it run... story of my bloody trading life... am going to have another word with myself

 

[dc2000]

SS day? if it is a 4 day cycle then we see today SS, then B, Z, SS

if 5 day then SS, Z, B, Z, SS

what say you DC?

I like the 4 day
I also took the early price on the FTSE and DOW 81 and 125 looking for a large move today and my preference would be DOW at -80 at the open I know big ask that would also see FTSE circa 5442 which is it target so maybe a decent pull back after to get short overnight

 

[Mornington Crescent]

Cant keep up with all these quick trades you guys are posting
Hope you are all makng money from them

but from my perspective I havent seen a single sell signal during this "santa" rally

maybe today is the day but the need for year end window dressing seems to make this unkikey

 

[dc2000]

well you held longer than I did.... one of my big problems is that I try and be too smart.. i.e looking for more prices by playing the pullbacks.. problem is you never seem to do quite as well as picking a good entry .. nice stop / risk profile and letting it run... story of my bloody trading life... am going to have another word with myself

one needs a bigger poster to take your mind elsewhere

 

[barjon]

well you held longer than I did.... one of my big problems is that I try and be too smart.. i.e looking for more prices by playing the pullbacks.. problem is you never seem to do quite as well as picking a good entry .. nice stop / risk profile and letting it run... story of my bloody trading life... am going to have another word with myself

don't you guys play the clock? reversal times (or attempts)usually 8:30, 9:00 and 10:00

 

[DaddyJohn]

don't you guys play the clock? reversal times (or attempts)usually 8:30, 9:00 and 10:00

Hi barjon, no I have never done that.... what's the rules around these plays? sounds interesting.

 

[ctlpast]

don't you guys play the clock? reversal times (or attempts)usually 8:30, 9:00 and 10:00

We are coming up to 9.00 lets see what happens.
(I think it reversed around 8.20 this morning)

 

[dc2000]

Cant keep up with all these quick trades you guys are posting
Hope you are all makng money from them

but from my perspective I havent seen a single sell signal during this "santa" rally

maybe today is the day but the need for year end window dressing seems to make this unkikey

why the need for window dressing given all the anti wall street sentiment in the news a drop of 5 to 8% on indices would have jo public thinking traders had lost this year whilst reports to clients go along the lines of we kept our heads above water and made 1.5% etc

 

[dc2000]

don't you guys play the clock? reversal times (or attempts)usually 8:30, 9:00 and 10:00

I have three time frames I look at intraday 16 mins 30 mins and 90 mins these are from start of session on any index

 

[DaddyJohn]

Cant keep up with all these quick trades you guys are posting
Hope you are all makng money from them

but from my perspective I havent seen a single sell signal during this "santa" rally

maybe today is the day but the need for year end window dressing seems to make this unkikey

Understand your point MC.. you could also take the view that this year has been more or less written off by the big funds.. noone will blame them for low returns given the environment.. however .. a lower print in December gives them a very good run at 2012.. and they wont have missed the rally.. everything I am hearing tells me much of the big money is waiting on the sidelines.. I doubt they will enter at these prices.. but 4500'ss there is a bargain...

Will see.. my pension fund hopes you are right.. my trading account hopes I am right..:cheesy:

 

[Mornington Crescent]

why the need for window dressing given all the anti wall street sentiment in the news a drop of 5 to 8% on indices would have jo public thinking traders had lost this year whilst reports to clients go along the lines of we kept our heads above water and made 1.5% etc

I really couldnt say DC

I cant see why the markets are at this level at all other than they now have to attack
the big down candle from Oct 31 if they are to make further progress
(best seen on the cash)

that could well take it up to expiry or beyond

 

[barjon]

Hi barjon, no I have never done that.... what's the rules around these plays? sounds interesting.

No rules as such, DJ. If I was short as you were I'd be pretty confident to go to around 8:30 before getting worried about covering. Conversely, if I was looking for a long after an opening down move I wouldn't look 'til near 8:30.

More often than not you'll find a reversal attempt around 8:30 and if that fails another try at around 9:00 and whichever way it's been going thereafter some sort of attempt around 10:00.

Today the reversal was a tad early (around 8:25) - which was a relief since I'm holding long and would have protected with DOW short had it failed - and 9:00 called a halt to the retracement and we should be ok 'til 10:00 (although it's not looking too pretty at the moment 🙂)

jon

 

[DaddyJohn]

trading very much like a SS day ,, but would like to see a push above the highs to maybe 5613

 

[Splitlink]

I'm trying for a push to the highs. Long at 5580.9

 

[DaddyJohn]

No rules as such, DJ. If I was short as you were I'd be pretty confident to go to around 8:30 before getting worried about covering. Conversely, if I was looking for a long after an opening down move I wouldn't look 'til near 8:30.

More often than not you'll find a reversal attempt around 8:30 and if that fails another try at around 9:00 and whichever way it's been going thereafter some sort of attempt around 10:00.

Today the reversal was a tad early (around 8:25) - which was a relief since I'm holding long and would have protected with DOW short had it failed - and 9:00 called a halt to the retracement and we should be ok 'til 10:00 (although it's not looking too pretty at the moment 🙂)


jon

thanks BJ will look out for this type of trade stup

 

[barjon]

thanks BJ will look out for this type of trade stup

not so much "set-ups" but if you are into reversals (or looking to close a trade) they are times to keep in mind when things tend to happen. The other one is 15:00 (which is the DOW half an hour in like the FTSE 8:30).

The 10:00 try is still undecided but I'd prefer not to be in Split's shoes (which I am of course 🙂 so I've just protected with a DOW short)

jon

 

[barjon]

oops, spoke too soon - it may be decided now

 

[Splitlink]

Don't worry, Jon, just cut that long with a 3 point loss.