Anyone scalping the FTSE Futures??

[reksa]

yes.. it is sooooooo slow, I have even taken up the acquaintance of Jenna Jameson :innocent:

Hope you have shut the blinds 😀

 

[DaddyJohn]

Hope you have shut the blinds 😀

I think I am going blind 😎

but Pippa understands

 

[Chalky_trader]

Once again excellent analysis from Martin

much appreciated

waiting in anticipation for some decent action this afternoon,

Theres a downwards sloping flag formed on the price action from the open on the 19th be interesting to see how it plays out. text book says to the upside -

(im still feeling bullish i guess for some strange reason.....)

 

[MartinC-J]

Thanks Chalky. I had to head out the door at 11:30 but I had a paper short at 5886 from the bounce off the 20 EMA, and my target was 72.0, half a point above the 71.5 I thought it might reach.

For those that didn't understand how I got the 71.5 target, you put the 23.6% level on the price that was previous support, which in this case was 82.0. Then you read where the 0% line falls, which was exactly 71.5. It's nice when things go as expected sometimes.

I don't have a clue where we go in the next hour, but I would be surprised if it went back down to 71.5 again.

 

[MartinC-J]

Since the US cash market opened at 2:30pm we've had a kind of wicks and tails market. I scratched on what were two profitable trades before I realised. During that time the ES made a nice bounce off the 61.8% level, that helped with a short. I am out now waiting for this to calm down and form a couple of trend bars without wicks or tails.

 

[Chalky_trader]

nearly 4.00 PM and the ftse is down 4 pts

yet again stuck fast around 5900

quite frustrating this lack of direction.....

 

[DaddyJohn]

I dont think there can be any real traders left in the US.. it's all algos nowadays..

scalpers paradise though.. just short breaks of highs and buy breaks of lows..

 

[Chalky_trader]

Algos

i thought that was something that grew on the side of my fish tank.... ;-)

 

[barjon]

gotta dash so closed off the pair with ftse +8 (for +8) and DOW -5 (for + 2.5), so covered initial ftse loss and then a bit

 

[DaddyJohn]

Algos

i thought that was something that grew on the side of my fish tank.... ;-)

close.. they are written by green, slimy people..(things)

 

[Chalky_trader]

Watching the downwards sloping flag on the futs chart.

were close to the upper channel line be interesting to see the price action as it comes into play.

 

[Dick Lexic]

seems like 20's the key at the mo

 

[Chalky_trader]

6000 today on ftse ??

sure looks possible now..

(cash)

 

[Dick Lexic]

on the side again ... hope it doesnt run away without me

 

[Dick Lexic]

i got a resistance line at 64 for the s&p....also 66

 

[MartinC-J]

I am looking for a bounce off the 20 EMA on the 5mc which is around 5911 right now, and also where 50% retrace is.

 

[Dick Lexic]

would like to see 940 cash ....on side at mo

ahhh so ....as the chinese would say:idea:

 

[MartinC-J]

I closed my shorts when the FESX hit its 20EMA and the FTSE and ES just stalled. Better safe than sorry.

Now looking for a retest of 5932.5. The ES hasn't retraced to 100% yet so it may make a move up and the FTSE stall at 32.5. We'll see in the next few minutes.

 

[Chalky_trader]

back to retest the down sloping flag

possible long entry area, dont like how quickly it sold off after the failure to re test 5930

Hmm

 

[Splitlink]

There could be a pin on the 4 hour chart. It doesn't finish until 1200, 35 minutes, but I'm taking notice of it because 4 hour ones can be good.