Anyone scalping the FTSE Futures??

[inzimam]

if we plot the close price and not the hilo..we get a slightly diffetnt picture
price is in a downtrend and has recoiled
tested a big area on friday..horizontal and trend support..lilac and pink lines
res above
horizontal/yellow at 1905 area
trend res /red at 1911 area
supports..breakout point is 1872 area/white
trend supp /aqua at 1866 area
trend supp/green at 1852 area
lets see if the bulls are strong enough to take out res

there is also a stacl of other horizontal sup/res on candle charts

Thanks Dentist. Your charts are always very clear.

My charts are a mess. I trade off the 5 min chart but I use the daily chart to initially draw on key resistance/ support areas in one colour. Then I add similar lines from the 1 hour chart in another colour. So on my 5 min chart I see lots of purple and orange lines. If it's a big trending day I draw on 33/50/66 retracement levels also.

Then if I get a signal at or near one of those lines (break of bullish/bearish engulfing 5 min candles combined with Macd turning and rsi above/below 50 respectively I take a trade.

 

[Dentalfloss]

price action on friday in candles
5 min
it was bullish all day
especially after UOM sentiment
then it recoiled at 1900/round number

1886 res area was caled on Tuesday night
overshot on UOM release
did not need many lines

 

[paszkman]

Then if I get a signal at or near one of those lines (break of bullish/bearish engulfing 5 min candles combined with Macd turning and rsi above/below 50 respectively I take a trade.

Hi Inzimam, do you just use the default macd settings 12,26,9?

 

[Dentalfloss]

dax futures 4 hour
nowt much in the way to 8946 area/yellow
if it breaks/aqua
8904 first
lets see what happens

 

[Dentalfloss]

ftse cash has a well defined trend on 30 min data
green lines
6400 area..massive horizontal res/red
orange at 6330 area
supports
6280 area/aqua..prev breakout
6266 area..trend/thin green
6227 area /yellow
6162 lowest horizontal supp...not lined...sorry

apple earnings comin

 

[inzimam]

Hi Inzimam, do you just use the default macd settings 12,26,9?

Hi

Yes standards MACD 12, 26, 9
RSI 5

Use a Hull moving average also which was recommended by a couple of people on this thread.

 

[postman]

Dow is still continuing the move it started Friday. (chart)
Dax is up 500 points from Thursdays low.

Squeeeeeeze.

 

[Dentalfloss]

dax 15 min in supp
what next ??

 

[hereward the wake]

I'm thinking a move down to 8705 green line (50%) of the swing break candle. Daily chart. Then up.

 

[inzimam]

I'm thinking a move down to 8705 green line (50%) of the swing break candle. Daily chart. Then up.

I've got 8713

 

[inzimam]

well we're at those levels now, just have to sit back and wait for a buy signal

 

[postman]

Dont know why this came to mind.

 

[postman]

Dow was up 120 points from its close and now down 100 from its close. BUT ITS STILL CLOSED.
Stop run!

 

[postman]

I'm thinking a move down to 8705 green line (50%) of the swing break candle. Daily chart. Then up.

I've got 8713

8685 for me.

 

[postman]

8685 for me.

Then 9100 this week.
Assuming the Dow plays along.

 

[inzimam]

long 8714 target 9045

 

[postman]

Anyone in yet?
Too early for me but Dax is tempting people.

 

[hereward the wake]

Anyone in yet?
Too early for me but Dax is tempting people.

yep from 05

 

[inzimam]

long 8714 target 9045

I'll close here for 8741 for 27 points. I dont want to leave points on the table again this week. I will get back in if we have a 15 points pull back

 

[hereward the wake]

could be a bounce off the 5 min trend.. if not I'm out too