Anyone scalping the FTSE Futures??

S500 index
4 hour close plot gives us a good picture of general price action
we are in a recoil in a downtrend and its also very volatile
any of these areas could get hit including horizontal supp/res which we have not plotted
we could go up to 2052 and even 2072 areas quite quickly.
this is a downtrend...the good bit is that there will be fake upmoves which will yield lots of pips when they get shorted..keep scanning for those unsupported upmoves.ie plot the support areas on the way up and see if they hold if they get tested
we should also get some fake down moves..vice versa

168iwb4.gif
 
these chart inputs seem to give the right feel of the dow price action
4 hour close plot
see..we entered a new downtrend on 13 jan..its recoiled and we have a bull test in 17600 area and above
there is lots of other horizontal supp/res which has not been put on
US index look pretty negative compared to dax..imho
same again..any move must be supported
111uk28.gif
 
4 hour shows the action perfectly
note the new uptrend from 11 th jan/aqua
friday breakout/yellow


dd2b0k.gif


if us index fake then we will get a bull test..imho
 
My last weeks setup is broken, but i think DAX is going to test support coz price jumped too far from cash close overnight, so shorted DAX @ 10270 before going to bed.
 
a closer look
some stop chasing overnight gave us an excellent area for entryy/short
no real sign of support as yet
15x7m8l.gif
 
Top