Anyone scalping the FTSE Futures??

[postman]

Brutal!

 

[postman]

Whats the consensus on US markets today?

I have the close as 2105 but its looking like a big down day.

 

[postman]

Long FTSE @ 6130 stop 6123

FTSE long 6127.3 ... stop a ridiculous 6123.3

...

Some good entries there!

 

[Dinos]

LOL.....what a p155er....that photo does remind me of you....lol...

No way matey, get your glasses on, the bottle of Peroni's missing

 

[joseph1986]

freeport may just be the cause of my heart attack one day

 

[postman]

Only one down candle on the 15 minute chart, that was a good clue.

Still early days though.

 

[Dinos]

Long FTSE @ 6130 stop 6123

Taken +10 on half, stop to entry on remainder, free trade now.

 

[Dinos]

Long DAX @ 9875

Stop to entry, free trade now

 

[postman]

long dax 9867

7 points under before I even hit post.

Out at 82 +15 too early for a full committal.

 

[Dinos]

Stop to entry, free trade now

+10 on half, stop to remain at entry on other half, £ in the bank, worse case scenario on remainder £0. Hoping she flies

 

[Oscar Reed]

I've just checked outside and the sky does NOT appear to be falling. What is going on?

Bit of a game changer after the US last night.
Bonds causing a few problem at the moment.
Once you guys vote to stay in will back at new highs again.
Not sure if any one follows the fundamentals on the thread.
Good Weekend.




US dollar and debt begin to disagree

A sharp 0.5% rally in the DXY dollar index overnight has heightened uncertainty as to the underlying state of the US economy.

A big month-on-month increase in US wholesale inventories and a noticeable pull back in weekly unemployment claims both helped fuel the dollar rally overnight. This comes hot off the back of US JOLTS employment data, which saw the vacancy rate reach a 15-year high. Although the hiring rate saw a further pullback, and this vacancy/hiring divergence could be showing a skills mismatch between job applicants and job postings. The divergence between the vacancy rate and the hiring rate shows the uncertainty around exactly where the US economy is heading. And while the US dollar shot up overnight, the US government debt seemed unconvinced with bond yields falling across the yield curve.

US wholesale inventories are increasingly looking like they may have hit a turning point. The Atlanta Fed’s GDPNow 2Q forecast remained unchanged at 2.5%, but could be set to see a boost from inventories investment if this trend continues into the May and June data.

The divergence in the JOLTS vacancy and hiring rates quite nicely sums up the current divergence between the US dollar and government bond market.

Nonetheless, this US dollar spike has sent jitters through the commodities complex with copper, in particular, having an awful night. LME copper prices hit their February lows, as LME copper inventories look to have seen a massive influx from Chinese copper inventories. The COMEX copper price in the US lost 1.1%.
AUM-COPPER-100616-SML
Click to enlarge

Oil similarly saw a dollar-induced pullback, as WTI oil lost 1.5% overnight, but managed to hold comfortably above the US$50 level.

Given the hit to commodities, the commodities-heavy ASX is set to have the toughest open in the Asian session. Currently, we are calling the Aussie market down 0.7% at the open. BHP’s ADR saw a massive 5.6% drop in the US session, its biggest one-day fall since 9 May. CBA’s ADR similarly underperformed, losing 2% overnight. Other Asian markets are all set to open slightly lower. Despite the big gains in the USD, the USD/JPY was little changed. The Nikkei is set to open down 0.2% and is unlikely to see a familiar dollar strength pop today.

 

[jeffre4]

if we break 6100 there was support at 6050 ish last time if we go to 6033 then its a long way down

 

[postman]

+10 on half, stop to remain at entry on other half, £ in the bank, worse case scenario on remainder £0. Hoping she flies

I like to put my stop to +1 its something Firewalker introduced me to on here almost 10 years ago. It has the psychological (and monetary) advantage of making it a profitable trade.
Just think about it, all those extra +1's over 10 years soon add up.

 

[dunitatlsatrodney]

short @6255 holding until it hits 6155 or adding if it goes up.

Well that didn't take long with the wild volatility we're experiencing......:whistling

 

[dunitatlsatrodney]

Long Dax @9880 tp 9980 stop@ 9780

Out before close regardless.

 

[postman]

Glad I was flat into that.

 

[Dinos]

Got a short signal FTSE @ 6124, didn't take it, be interesting to see if they want to take it further down.

 

[joseph1986]

closed all positions at 6134. Next time....never trade when freeport goes up or down above 2% in us markets the day before. somehow everyone's face becomes bigger on cnbc on loss days.

 

[postman]

FTSE still cant make a 20 point up move.

Even now.



And setting new lows.

 

[Dinos]

Got a short signal FTSE @ 6124, didn't take it, be interesting to see if they want to take it further down.

Yep, it was valid, what stopped me taking was, its already nearly 2% down, and to be honest I had in my head longs, but goes to show, trust your set up, it was telling me what to do.