Anyone scalping the FTSE Futures??

[hereward the wake]

thought someone would be pointing out the fact the USDJPY is going up while dow doesnt

says more about JPY than USD

 

[inzimam]

says more about JPY than USD

spot on!

 

[inzimam]

only another 120 points up to go lol

 

[inzimam]

am i right that we were down 617 points in 3 days...

 

[Stargunner]

Are people buying weakness here then? That seems to be the smart money opinion. Problem is, if you're a retail trader using leverage, you have to play it sensibly.

 

[hereward the wake]

Best to forget are they? what do you think? etc Trade the chart imo

 

[Stargunner]

Chart wise, I trade the trend visible on weekly charts, but use daily for my tactics, such as entry etc. My stochastic is going ballistic at current oversold levels, the weekly upward trend isn't fully broken, with the decline being similar in size to the last few sell-offs on the index, and so I have......bought.

By the way I'm talking S&P, not Dow. The Dow chart doesn't seem as clean to me.

 

[Chalky_trader]

The NFP Spike hit 50% retracement of todays down move precisely

If we can break back above that level then market may, in my view push on a bit

Otherwise its just a dead Kitty

 

[Chalky_trader]

The NFP Spike hit 50% retracement of todays down move precisely

If we can break back above that level then market may, in my view push on a bit

Otherwise its just a dead Kitty

I am long atm BTW along with all the other retail suckers

 

[hereward the wake]

Chart wise, I trade the trend visible on weekly charts, but use daily for my tactics, such as entry etc. My stochastic is going ballistic at current oversold levels, the weekly upward trend isn't fully broken, with the decline being similar in size to the last few sell-offs on the index, and so I have......bought.

By the way I'm talking S&P, not Dow. The Dow chart doesn't seem as clean to me.

As far as I can see the weekly trend is MILES off being broken.. as for stochastics Sorry hate indicators

 

[inzimam]

just another 100 points now, be a doll DOW, be a doll

 

[Stargunner]

As far as I can see the weekly trend is MILES off being broken.. as for stochastics Sorry hate indicators

Presumably a price action/trend line guy then?
I just use an EMA, EMA Envelope, MACD and Stochastic. I'm told that's minimalistic for someone who uses indicators!

 

[Chalky_trader]

As far as I can see the weekly trend is MILES off being broken.. as for stochastics Sorry hate indicators

Well I only speak DAX

And weekly trend looks Broken to me

 

[inzimam]

this price action is a retail investor killer, someone gets in, tight stop, then boom 50 points down in a flash

I have just under 6 hours for the DOW to get above 16670 for my binaries to pay out big. The jobs data was good. Could we actually get a rally on good news for once?

I better get back to work, I will check back occasionally to see where it's at

 

[Chalky_trader]

closed 75% of my long at 9300

Would love to see it bounce higher but it seems to be making hard work of the climb back up

 

[hereward the wake]

Well I only speak DAX

And weekly trend looks Broken to me

I speak dax too and it's also miles off being broken

 

[Chalky_trader]

I speak dax too and it's also miles off being broken

What timespan are you looking at?

My weekly DAX attached

 

[Chalky_trader]

Cant seem to view your chart

 

[hereward the wake]

What timespan are you looking at?

My weekly DAX attached

can't upload image for some reason. The dax weekly last uptrend started in sept 2011 !! not broken yet

 

[Chalky_trader]

can't upload image for some reason. The dax weekly last uptrend started in sept 2011 !! not broken yet

Ah OK

My chart didn't go back quite that far, looked on another package and see what you mean.

Don't usually look to much at weeklys as I mainly trade intra day