Anyone scalping the FTSE Futures??

*ouch* that was a speedy drop... Germany (apparently) rejects Greek extension request, double ouch.
 
Jessi_trader said:
DOW shorting area 18020 - 18035
Click to expand...

How possible this scenario would be Jessi you think - if the 4 hour chart finishes below that second trendline. Would it be possibly a new downtrend at least a little?
 

Attachments

  • Dow-4hour.JPG
    Dow-4hour.JPG
    98 KB · Views: 111
Nakotrade said:
You see my shorts here - long way to go... I still don't know what would be the best thing to do
Click to expand...


If DOW breaks down, close your 75% to 80% shorts @ 17710... wait to see reaction...and close remaining @ 17620

start fresh and look for new opportunity... you may also close all shorts @ 17710 if coming to that level at all.. look for new opportunity... if there is opportunity you can always short again...

Now since you are holding short position for a long time, you are missing lots of opportunity already. Think about this.
 
Jessi_trader said:
If DOW breaks down, close your 75% to 80% shorts @ 17710... wait to see reaction...and close remaining @ 17620

start fresh and look for new opportunity... you may also close all shorts @ 17710 if coming to that level at all.. look for new opportunity... if there is opportunity you can always short again...

Now since you are holding short position for a long time, you are missing lots of opportunity already. Think about this.
Click to expand...

Yes - I would be happy with that result if it might happen and I'll close my shorts at these levels, to start again..
 
You must log in or register to reply here.

Similar threads

O
Scalping
Replies
7
Views
4K
roberk
R
O
Futures scalping
Replies
10
Views
4K
neil
neil
D
Pivot Point Scalping on the ES
Replies
7
Views
7K
dancorcal
D
S
Scalping the Dow
2 3 4
Replies
67
Views
20K
Dave1971
D
O
Futures micro trading (scalping)
Replies
1
Views
3K
SuperDriveGuy
S
Top