Anyone scalping the FTSE Futures??

[2be]

mornin' all

I'm beginning to think the thread's got the wrong title . Anyone trading dear old ftse?

There are few reasons why I pay more attention to Dax rather than to FTSE;
- there is less QE involved with DAX, therefore it's moves are more in line with "the crowd mentality" however dis-functional it may be for the trading purposes,
- there is more volatility with Dax compared with FTSE and the spreads are very similar
- distance makes it easier to be more objective

I still look at FTSE, and trade it occasionally but it stopped to be a frequently traded instrument for me for the time being.

I know that this thread has an interesting title compared to its content.

 

[barjon]

There are few reasons why I pay more attention to Dax rather than to FTSE;
- there is less QE involved with DAX, therefore it's moves are more in line with "the crowd mentality" however dis-functional it may be for the trading purposes,
- there is more volatility with Dax compared with FTSE and the spreads are very similar
- distance makes it easier to be more objective

I still look at FTSE, and trade it occasionally but it stopped to be a frequently traded instrument for me for the time being.

I know that this thread has an interesting title compared to its content.

aye, but i still like the old lady - mind you most of my stuff is ftse/dow pair trades and I haven't got enough background stats to try dax/dow although I suspect there is better volatility there.

ps: glad we've just cleared the Devil's page with mishap

 

[2be]

I think Draghi put a 100% tax on selling Dax. Nobody bothers anymore. I can hear the sirens.

The EU election results have put a spanner in the cogs of the lefties and therefore a sparkle of hope that the "bastion of socialist Europe" is not the way Europe should go. Severely trimmed Brussels, or even better, totally removed from any influence must be good for Europe wide business and industry.
Since the excitement in Frankfurt.

Just finished reading "Boomerang" by Michael Lewis, the same author that penned "Flash Boys" (a book about HFT). He is fun to read and offers some interesting insights. Recommend both books.

 

[2be]

aye, but i still like the old lady - mind you most of my stuff is ftse/dow pair trades and I haven't got enough background stats to try dax/dow although I suspect there is better volatility there.

ps: glad we've just cleared the Devil's page with mishap

I suspect that gap trading is still better (more reliable) on FTSE and DOW.

Just close long on DAX from the last US close session.
It was dragging its feet too much so I pre-set a smaller PT at 20 pips, just got hit as I type.

 

[2be]

re-entered the long at 920 on DAX
break out

 

[2be]

re-entered the long at 920 on dax
break out

at be

 

[lexcorp]

Long 9924
stop at 9890

 

[2be]

at be

stopped at BE
attached the chart with the reason for that long

 

[Sonicscooter]

Long 9924
stop at 9890

Did you like my gentle persuasion yesterday....hope the longs work out better....

 

[2be]

re-entered the long at 922 and got 10 pips
reason for entering that long in my previous post

 

[tar]

Looking to go long TF to protect my shorts in ES and Dax , but waiting for a pull back i think the Rus will give it to me ...

 

[honeill]

Anyone still short in the FTSE?

 

[postman]

Just been watching Oscar
He thinks interest only mortgages are a GOOD thing He should be old enough to know better.
Anyone else have a mortgage in the 80's backed by an endowment policy? How did that work out?
Heres a gentle reminder.
"Nearly half (48%) of all homeowners with interest-only mortgages will be unable to clear the debt when the loan matures, according to research from new city regulator, the Financial Conduct Authority (FCA)."
http://www.moneysupermarket.com/c/n...f-you-have-an-interest-only-mortgage/0017484/
"You can still get interest-only loans – but the terms are onerous
Many lenders have abandoned interest-only lending altogether"
http://www.telegraph.co.uk/finance/...squeeze-interest-only-mortgage-borrowers.html

 

[postman]

I think the S@P futures will finish at 1901 today and then go batsh1t crazy on Tuesday.
This has been the counter intuitive setup for the previous long weekends.
Why counter intuitive, well long weekends are risk off events, but the algos seem to be set up to take advantage of this.
Just my opinion, no chart to back that up with.

USA just entering BatSh1t crazy mode.

 

[barjon]

Just been watching Oscar
He thinks interest only mortgages are a GOOD thing He should be old enough to know better.
Anyone else have a mortgage in the 80's backed by an endowment policy? How did that work out?
Heres a gentle reminder.
"Nearly half (48%) of all homeowners with interest-only mortgages will be unable to clear the debt when the loan matures, according to research from new city regulator, the Financial Conduct Authority (FCA)."
http://www.moneysupermarket.com/c/n...f-you-have-an-interest-only-mortgage/0017484/
"You can still get interest-only loans – but the terms are onerous
Many lenders have abandoned interest-only lending altogether"
http://www.telegraph.co.uk/finance/...squeeze-interest-only-mortgage-borrowers.html

Gawd luv us, don't remind me

I was only 80k+ shy

 

[barjon]

oops sorry £40k it was

 

[2be]

Just been watching Oscar
He thinks interest only mortgages are a GOOD thing He should be old enough to know better.
Anyone else have a mortgage in the 80's backed by an endowment policy? How did that work out?
Heres a gentle reminder.
"Nearly half (48%) of all homeowners with interest-only mortgages will be unable to clear the debt when the loan matures, according to research from new city regulator, the Financial Conduct Authority (FCA)."
http://www.moneysupermarket.com/c/n...f-you-have-an-interest-only-mortgage/0017484/
"You can still get interest-only loans – but the terms are onerous
Many lenders have abandoned interest-only lending altogether"
http://www.telegraph.co.uk/finance/...squeeze-interest-only-mortgage-borrowers.html

It really depends how the mortgage is constructed and how disciplined one is with re-payment of the capital sum.
There is an advantage of interest rate only mortgage if one repays up to 10% of the capital sum every year, and the front loaded interest is not paid to start with, plus the inflation devalues the total borrowed sum. BUT, one needs to be making extra payments every year usually up to 10% of the outstanding sum, before incurring penalty.

 

[postman]

It really depends how the mortgage is constructed and how disciplined one is with re-payment of the capital sum.
There is an advantage on interest rate only mortgage if one repays up to 10% of the capital sum every year, and the front loaded interest is not paid to start with, plus the inflation devalues the total borrowed sum. BUT, one needs to be making extra payments every year usually up to 10% of the outstanding sum, before incurring penalty.

That would be a REPAYMENT mortgage then.
The clue is in the bit where you used the word "repays" in your description. :whistling

 

[Sonicscooter]

oops sorry £40k it was

About 15 years ago i had a mortgage, the company i was with would send a statement once a year, the first week in Jan, it would show the original amount borrowed, the amount paid the off the previous year, the time left and the amount owed including compounded interest.

The compounded total was frightening, so i decided to cut back on luxuries, took a few grand in emergency savings and paid off some of it, increased the monthly payments by a third, and it is honestly amazing how fast it goes to zero, best thing i ever did, mortgage free for 10 years.

Saves a fortune over the term.

 

[12WBT]

This part of the world is a 30 year loan.
First 10 years interest only and last 20 years interest and principal.
Idea is to make extra payments in the first 10 years.