Anyone scalping the FTSE Futures??

[SuddenDeath]

Pretty new. Been doing demo's for 5 months and had a teacher who does day trading (spread betting) show me what he does. Done ALOT of research online etc. Got my live account but still doing trades on my demo to make sure i stick to the discipline.

how did u perform with demo?

 

[omersiddique]

how did u perform with demo?

Last 20 trades - Got 17 correct.

I go for a few points on each trade with a good amount of money per point.

Think i'm defo ready, but would like to speak to other people who trade for a living.

 

[pingpong1965]

You want to see what goes on in Rochdale then!

Be careful there young man

Unfortunately some of us have to live there

 

[SuddenDeath]

Be careful there young man

Unfortunately some of us have to live there

http://www.tripadvisor.co.uk/Attractions-g580426-Activities-Rochdale_Greater_Manchester_England.html

 

[caprica1]

Be careful there young man

Unfortunately some of us have to live there

And some of us travel there to work everyday as well

 

[caprica1]

http://www.tripadvisor.co.uk/Attractions-g580426-Activities-Rochdale_Greater_Manchester_England.html

Rochdale town hall number 2 on the list...shocking. There's a PC World 2 mins down the road, and that hasn't even made it onto the list

 

[Sonicscooter]

Things to do in Rochdale..............DRINK N SHAAAAAAAG

 

[postman]

The definitive guide!
http://www.urbandictionary.com/define.php?term=rochdale

 

[SuddenDeath]

Things to do in Rochdale..............DRINK N SHAAAAAAAG

check out the rochdale tourist agency, you may find there are lots of things in rochdale u are missing out on.

 

[Sonicscooter]

check out the rochdale tourist agency, you may find there are lots of things in rochdale u are missing out on.

Do they have a knitting circle..............

 

[paszkman]

where is dow closing tonight everyone?

 

[Sonicscooter]

Flat, but i'm rubbish at this game.....

 

[SuddenDeath]

where is dow closing tonight everyone?

16,518

 

[Sonicscooter]

16,518

Don't be changing your mind in a minute...............

 

[paszkman]

don't be changing your mind in a minute...............

16502

 

[jeffre4]

oscar just posted a video which basically said that if the dow does not show some strength up to the close there will be some downside coming for a few days

 

[jeffre4]

One of the components of the ESI, the 34-day BTI is still declining while the
second component is rising. This divergence will come to an end when the two indicators
points in the same direction. Until then I can't say with a high degree of certainty
if sentiment is bullish or bearish. Given the alternate wave count on the chart
below, I expect sentiment to turn bullish sometime in the next few days.

The reason why I think sentiment is more likely to turn bullish is because if we
look at what caused the decline ten days ago, disappointing earnings reports, Ukraine
crisis and China's slowdown, nothing has changed except that earnings reports have
improved. Investors no longer fear the events in Ukraine or the slowdown in China.
Obviously this could change if Russia invades Ukraine, but if the situation does
not deteriorate further the market will take it as good news. In the case of China
the latest Chinese manufacturing PMI came in at 48.3 which indicates contraction.
The strategy in the short term is to use any significant pull back to go long.

Because the FTSE rallied back to the previous high set on 4 April we have an alternate
wave count on the chart above. It now appears that the FTSE could be in a triangle
pattern where the resistance line drawn from the high on 4 April is the upper line
of an ascending triangle [(a),(b),(c),(d),(e)]. This pattern is bullish but it
won't be complete until further consolidation takes place.

In the case of an ascending triangle for wave B (circle), yesterday's high is the
top of wave (b) and today the FTSE should decline as wave (c) down unfolds. A target
for wave (c) is 6550. As you can see after wave (c) the FTSE should rally back
to the top and then down again so it looks like the FTSE will go sideways until
next week. This triangle is wave B (circle) of an upward corrective wave [A,B,C
(circle)], this means once the triangle is complete, the FTSE should rally to
the 6800 area to complete wave C (circle). This is why I expect sentiment to turn
bullish, large counter trend rallies are often accompanied by bullish sentiment.

To learn more about sentiment watch the video: Direct from the Queen Elizabeth Conference
Centre a video featuring a UK Investor Show 2014 presentation by Thierry Laduguie
on Sentiment Indicators. [http://r20.rs6.net/tn.jsp?f=001m-Os...xkU7-F_x0NqE1-KTzIKBOPeLkydv4RGErXoqCqsSXA==]

To receive regular FTSE 100 analysis and trading alerts click:

 

[postman]

Dow will crawl upwards from here and finish positive IMO.

 

[postman]

where is dow closing tonight everyone?

16528

 

[Sonicscooter]

So that's ------------, SD and me around zero'ish............

Just edited Postman out..........lol