Anyone scalping the FTSE Futures??

[2be]

this r1 is holding off the rise (dax)

nice third touch of that R1
A very safe entry with SL not that far above, but above 10034

 

[Dinos]

nice third touch of that R1
A very safe entry with SL not that far above, but above 10034

Looking promising, we shall see

 

[hereward the wake]

nice third touch of that R1
A very safe entry with SL not that far above, but above 10034

5 on the 30 min chart can't keep banging it's head .. got to break through :whistling

 

[2be]

Looking promising, we shall see

This is going south

 

[inzimam]

dax is forming an upward wedge - which way do these break?

 

[Dinos]

This is going south

Well, its got to be one or the another.

 

[2be]

dax is forming an upward wedge - which way do these break?

go with the break whichever side it breaks
the important level is 10034, if that is taken to the upside, long is obvious, but otherwise I am definitively short.
For a time being the 10020 holds, there might be a breakout, false breakout or a real breakout above it, but as long as 10034 is in tact shorts are safe. IMHO
There is always risk in trading, otherwise it would not be a fun

 

[barjon]

Making use of time waiting, I use Pro Real Time Charts, and now downloaded MT4 to have a look, a question for you meta users, is the system user friendly?

Yes, often work with charts in preference to main platform.

 

[Dinos]

Short DAX @ 10015

 

[hereward the wake]

er...Postman you still there?

 

[postman]

er...Postman you still there?

No I've been banned. Someone reported one of my posts.

 

[inzimam]

im taking 2 x £25 touch dax 10050

 

[postman]

Well, its got to be one or the another.

Its grim up North.

 

[postman]

Dax 10031 no brainer.
Dax 10050 Maybe before 3pm.

 

[postman]

I think ftse might run away clutching her skirt before tea time.

 

[hereward the wake]

No I've been banned. Someone reported one of my posts.

Phew.....

 

[postman]

Dax 10031 no brainer.
Dax 10050 Maybe before 3pm.

The Dax has been held here all morning encouraging people to bet on the next move.
When they have the measure of the short stops the Dax will go up to 'Max pain for the shorts' level.

 

[postman]

Phew.....

If only it were that easy to get rid of me.

 

[inzimam]

The Dax has been held here all morning encouraging people to bet on the next move.
When they have the measure of the short stops the Dax will go up to 'Max pain for the shorts' level.

Yeh that's exactly what's happening. The more it knocks on the door of the highs of the day, the more shorts built up with stops just beyond the 10034 high. So I'm betting (literally - with binary touch) that it'll reach 10050.

This way I know my max downside, no stop to be gapped

 

[Hedging Highwayman]

Hi to all!

I think these are very valid points. Dax has not budged out of a 3 point ish range for the last half an hour just below the R1 letting the pressure build up. Who say's those German fellows have no sense of humour?!
Could be waiting for the US open to unleash chaos?