Anyone scalping the FTSE Futures??

[DaddyJohn]

Its the same story as the past few days.. ensure cash market doesnt look to weak , keep it above 5500, then do want you want in the futures after 4.30 and early hours

 

[Splitlink]

Something went wrong with my order. Stopped out flat. Re-emnter short 5519

 

[Mornington Crescent]

DRAGHI : ECB is not a member of IMF

well,I guess we knew that

but did he really have to be so blunt ?

 

[Splitlink]

I'm getting tired. I'm putting a stop at 5509.2 and going for a walk. I wish you all the vrery best in what you are doing.

 

[dc2000]

dow limits in at 49 and 35

will then wait for signal to reshort or go long

 

[barjon]

..........barjon - your question re volume and the 8:30am, 9am, 10am turns. There is an increase in volume around those times but it is difficult to decide if it is because of the timing or because it just reverses anyway and people change their positions..........

Thanks, Martin. Not bad places to expect some action then, one way or the other.

jon

 

[Splitlink]

Haven't gone yet, I'm getting changed, but I see that I'm stopped. That just leaves you lot against the market!

 

[DaddyJohn]

Its the same story as the past few days.. ensure cash market doesnt look to weak , keep it above 5500, then do want you want in the futures after 4.30 and early hours

oh well... so much for that theory

 

[MartinC-J]

Thanks, Martin. Not bad places to expect some action then, one way or the other.

jon

Jon, quite often give or take 5 minutes your times are spot on. From my research 60% of the time there is a reversal in the first 15 minutes of the day, and 80% in the first 35 minutes of the day. As the morning progresses, most trends last around an hour, and usually are a minimum of 30 minutes

 

[dc2000]

I thought that happened over the weekend

but memory aint what it used to be

having looked back on my chart, it didnt have any effect on the existing trend

It happened on a sunday as soon as globex opened it went wild trend remained the same though

 

[DaddyJohn]

that would be where I expect it although FTSE has yet to give target As it stands Im happy to play the uptrend even though last month when no upper targets were produced I was a little uneasy

What do you use to decide what the upper / lower targets are DC?

 

[dc2000]

FTSE exited and half DOW

 

[dc2000]

Now fully out and waiting for signal

 

[dc2000]

just have a couple of little orders Im leaving in a buy @035 and a sel@132

 

[barjon]

Jon, quite often give or take 5 minutes your times are spot on. From my research 60% of the time there is a reversal in the first 15 minutes of the day, and 80% in the first 35 minutes of the day. As the morning progresses, most trends last around an hour, and usually are a minimum of 30 minutes

Thanks again, Martin. Does your research go to 3pm (DOW half an hour in) as well, or are you mainly interested in ftse morning?

jon

 

[dc2000]

I like positive slipage in at 33

 

[DaddyJohn]

well I have put 2 lots in at 5467 buy. ... so gonna leave this and try to have the patience of a swinger.....

 

[DaddyJohn]

wonder if 5419 is in play though which would be a 38.2% retracement?!

 

[dc2000]

well I have put 2 lots in at 5467 buy. ... so gonna leave this and try to have the patience of a swinger.....

gotta be worth 75 points of easy money and 175 if ya holdin for the foldin

 

[DaddyJohn]

wonder if 5419 is in play though which would be a 38.2% retracement?!

in fact if this happens to be the low tonight.. then the 5419 is definitely in play for the morning.. as the next buy day low...