Anyone scalping the FTSE Futures??

[SuddenDeath]

keep eye on BLT/RIO both down around 0.6% or more. BP down 0.9%

 

[Dick Lexic]

and then we can all laugh at it after two weeks

well 380 hasn't had a great reaction ....i think this is a critical level and the bears are gathering below it...

 

[SuddenDeath]

anyone know why the oil/mining stocks are selling off heavy?

 

[SuddenDeath]

keep eye on BLT/RIO both down around 0.6% or more. BP down 0.9%

RIO now down 1.3%

 

[samirs]

well 380 hasn't had a great reaction ....i think this is a critical level and the bears are gathering below it...

currency trades have been much easier recently both cable and fiber

but I agree with your observation but it may be taken a bit higher

bears may not want to hold shorts over the bank holiday monday (US) but may likely be back in action next week in anger

 

[SuddenDeath]

e-dash might get his 5280 !

 

[samirs]

1.26 line in sand for fiber...so short below and long above may work for now

 

[SuddenDeath]

keep eye on BLT/RIO both down around 0.6% or more. BP down 0.9%

RIO now down 1.4%

 

[samirs]

as usual i am junking the thread with anything but FTSE

well i like to achieve lower low every day

 

[SuddenDeath]

these miners seem to be responding to some news, but cant figure out what? anyone watch the cnbc/bloom?

 

[samirs]

An example

Sell $EURUSD at 1.257 stop 1.2605 targets 1.253 and 1.25 ???

 

[Dick Lexic]

1.26 line in sand for fiber...so short below and long above may work for now

i always found forex hard to trade ....moves fast so you can be stopped in seconds....do you use large stops?

 

[Dick Lexic]

sorry our posts have crossed

 

[Dick Lexic]

An example

Sell $EURUSD at 1.257 stop 1.2605 targets 1.253 and 1.25 ???

i always get confused ..how many points are you risking here?

 

[SuddenDeath]

has fiber hit its head shoulders target? (4 month long neckline at 1.30)

 

[SuddenDeath]

Pips are hard to get your head around, too many numbers after the decimal point

 

[samirs]

i always get confused ..how many points are you risking here?

to clarify that isnt my trade (actual or recommendation) but an example

to answer your question

Sell $EURUSD at 1.257 stop 1.2605 targets 1.253 and 1.25 ???

that means risk is 1.2605 - 1.2570 = 35 pips against possible target of 40 - 70 pips profit. add zeroes in the end to make all a four decimal number. then it is easy.

it is like reading 12570 / 12605 etc just like DOW....I often get confused between DOW and fiber.....they often have similar numbers if you ignore decimal on fiber

 

[samirs]

Pips are hard to get your head around, too many numbers after the decimal point

just ignore decimal then it is easy...same as index

 

[samirs]

at the moment I am actually short from 12615 (1.2615) ....expecting 12550 (1.255)....stop moved to 12600 (1.26)

doesnt it sound similar to DOW? now if only I knew what it was going to do next then

just make everything same number of decimals and remove decimal is one way to simplify

 

[SuddenDeath]

at the moment I am actually short from 12615 (1.2615) ....expecting 12550 (1.255)....stop moved to 12600 (1.26)

doesnt it sound similar to DOW? now if only I knew what it was going to do next then

just make everything same number of decimals and remove decimal is one way to simplify

I looked at FX, FX seems very easy to trade but working out those damn pips. I think the pips is a conspiracy by the illuminati to confuse less educated people.

Samirs is there a good website to get historical OHLC data for fx ?