Anyone scalping the FTSE Futures??

[inzimam]

hmm, are we done with the bounce?

 

[Bramp]

buy deep pullback. :clap:

hmm, are we done with the bounce?

 

[inzimam]

buy deep pullback. :clap:

That's what i would normally do but ive found these pull-backs just go to far!

 

[dc2000]

hmm, are we done with the bounce?

well Im seeing 15936 to 16140 on DOW

 

[NickBk]

im now almost break even for the week...

That's got to be good right? You were struggling no.

I hope it goes positive very soon.

 

[inzimam]

That's got to be good right? You were struggling no.

I hope it goes positive very soon.

Yes, some bad decisions but cooled off and now trying to slowly regain. Quick to lose a ton and a hell of a lot slower to get it back but gotta keep at it.

 

[dc2000]

That's what i would normally do but ive found these pull-backs just go to far!

are you looking at ftse?

 

[NickBk]

Yes, some bad decisions but cooled off and now trying to slowly regain. Quick to lose a ton and a hell of a lot slower to get it back but gotta keep at it.

You need a "go short" button to sit next to your giant BUY button😀

Keep your patience and it will come round.

 

[inzimam]

are you looking at ftse?

I dont follow the FTSE - just the Dax and DOW

 

[inzimam]

dow retrace to 33% fib @ 15906

 

[dc2000]

4 questions you should always know before a trade
whats the high
whats the low
whats the price now
and wheres it been

 

[inzimam]

4 questions you should always know before a trade
whats the high
whats the low
whats the price now
and wheres it been

Can you elaborate a bit?

What time frames do you use to answer those questions

 

[Bramp]

I will add a couple more

whats the potential new high.
whats the potential new low.

4 questions you should always know before a trade
whats the high
whats the low
whats the price now
and wheres it been

 

[dc2000]

I will add a couple more

whats the potential new high.
whats the potential new low.

no

 

[Bramp]

Well why not, have to look at daily averages, if today has not reached those daily averages then there is potential it still can.

no

 

[dc2000]

Can you elaborate a bit?

What time frames do you use to answer those questions

current session and previous session including overnight

when you were asking about a trade the ftse and dax were close to the low of the day
so minimising your risk

 

[dc2000]

Well why not, have to look at daily averages, if today has not reached those daily averages then there is potential it still can.

thats where your exit thinking comes in, to many traders jump on then think I have it wrong its going against me etc

 

[dc2000]

right now you would be short on the DOW 16040 area looking for 15940 easy number and above last low

 

[dc2000]

now we get higher lows on 5 min bars so stop level moved a few points in front of exit

 

[inzimam]

now we get higher lows on 5 min bars so stop level moved a few points in front of exit

are you still short?