Anyone scalping the FTSE Futures??

Yep but you took what you felt was the max at that time, that's all that matters......points in the bag, better than hoping tomorrow the world will agree with you.......:)
 
DAXTechnician said:
1: I provided my trades in full

2: I provided my analysis in full with charts

3: I provided my reasons in full about the option barriers.

Every trade I have placed is fully backed with technical analysis and option barrier reasons and explanations.

That is not guessing, that is trading facts that are in front of me at the time of entry and stop placements.

If you take a look at other peoples posts and trades, there are hardly any explanations and reasons for the trades they take other than "they think" it will go up or down or hit a level.

Do I have confidence in what I do? Yes absolutely I do, I have been doing it for over 40 years and If I had no confidence then I would not be taking the trades, but rather gambling. If your not confidant or sure about something, then why would you do it other than gambling.

I fully stand by all of my trade calls and analysis I have provided on this forum and my own thread, the markets have done absolutely nothing to change the outlook.

My DJIA trades have been scaled into within this 16,520-570 zone, thats a 50pt range I have scaled into, the high of the session is 573, I have shorts at 520, 540, 560 and 570 which totals a maximum of 2.8% of my account. I will scale out on the way down with a final target in the 16,400ish area for any final holdings I may have.

In terms of the DAX, I am short from 9625 and 9644 for total of 1.6% of my account, everyone harps on about how others have made XXpts today, well I could have easily closed my DAX trades down at the 9605/10 support for a profit, but rather I'm holding these as my analysis defines a move down before the next rally. Again I will scale out of these positions with a final target of 9500ish for any final holdings.

As I said above, all of my positions have been backed up with charts, analysis and explanations on why I have taken them. There is no gambling or random position which one idiot has mentioned.

If that makes you num nut in this community, so be it.
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Just a quick comment, Dax. Everything that you say is. probably, right but it is a question of attitude and plain rudeness that is your problem. I am, frankly, tired of your and another poster's opinion of the mental ability of the rest of us.

I know that you are going to come back with some glib remarks but it does not matter, I'm not here for tit-for-tat. I'm, always, up for learning how to trade better so, if you don't mind, I'll keep reading your posts, as you do say that we can learn something from you. I hope so, anyway, but I won't help clutter this thread with any more cross posts with you.
 
Same here, dow has had a chill out day, but it's had a good run this week, FTSE seems steady away, i enjoy this subject, and the banter.....:)
 
Guys i did say dow is maxing out but i see strong move up on Thursday or Friday i don,t know which one, may be both day. As per chart tip is pointing to 16700.

And i think i have already said whatz coming next week.


Jessi_trader said:
I thing IMHO DOW is maxing out...

As I stated before April will be hard month, both in terms of trend and trading. Trading will be challenging. You will see how challenging it would be this week (May be today). This week will be trailer followed by climax next week. Thurs or Friday or may be both you will see crazy up move... followed by same intense down move next week.

New drivers, please keep away from the road. Specially this week and next week.

xehdht.jpg

JT
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DAXTechnician

The short answer, most on here who post alot seem to take positions over a short time period, ie the thread title, your looking at longer time frames, that's fine, i, and i'm sure several other are to darn busy in and out of trades too explain the essence of their strategy, while you were TELLING us to short i made three long trades, so did Postman.

To say "Good man, someone with some sense" because someone agreed with you sounds patronising, was postman wrong to take 30 point, hell no, we all do things slightly different, you should know that, a profit is what we all want. This thread is good for banter, it breaks the day up, i nearly quit this forum, thankfully i didn't i found a thread with decent people on it.

So have respect for the way other people trade as we all do it slightly different from each other.

And not trading is a position, ie waiting for the best setup.........period....:cool:
 
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postman said:
It had another 40 in it, boy do I feel stupid?

Err no actually, +46 for me today, that's a good day. Especially in these crummy markets. :D
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Ye well jeffre4 is going to be a happy lad as the FTSE is licking towards his 6685.

Sucking in retail time....:devilish:
 
Just got "Shoot to thrill" by ACDC on another monitor, and having a Drambuie, so i wish you all good health and trading.

Cheers.................:)
 
postman said:
It had another 40 in it, boy do I feel stupid?

Err no actually, +46 for me today, that's a good day. Especially in these crummy markets. :D
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Another pump for your pay-per-view chatroom?

The crass commercialism of this site leaves me disgusted.
 
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postman do you have a pay per view chat room and if you do i'm disgusted you havn't told me about it
 
jeffre4 said:
postman do you have a pay per view chat room and if you do i'm disgusted you havn't told me about it
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Yes my trading doesn't bring in enough cash :( so I have the following;

1. Unlicensed minicab service. (I'm texting this while driving 2 completely pissed 'ladies' home who are hinting they dont have enough money to pay the fare and can they pay by 'other means', which saves me the cost of the rohypnol).
2. Dog walking / training sessions.
3. Pay per view trading chat room.
4. Trading my own pension money.
I've listed them in the order they bring in income.
I only post on T2W when I have spare time.

"Spare the price of a cup of tea guvnor". (Oh yes that should be number 2 on the list). ;)
 
That Nikkei is looking good, 15,200!
Anyone who went long last Tuesday night at 14,450 is doing well out of it and would be wise to take money off the table. ;)
But the interesting thing is it went straight up, no 'buying opportunity' in between, and so did the Hang Seng, (that's looking toppy here). Still maybe US markets are different.
 
Some say, that look likes resistance becoming support.

And on that bombshell, goodnight!
 

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