Anyone scalping the FTSE Futures??

[10pips]

Too many traders in the market these days. Market now never goes in one direction without having to continuously retrace back 3/4 times!

.

 

[postman]

long nik225 19,951

Thats been struggling recently, are you expecting a surge above 20,000 or a quick scalp.

 

[postman]

FTSE up 60 points in 40 minutes, not a market for grannies.

 

[postman]

Short ftse 7417

Having to wait 9 seconds to post.

 

[wallstreetwarrior87]

Had a DOW short 21670 which I closed yesterday at 21660 when it retraced several times before it dropped.

Frustrating to say the latest as I am trying to catch the big 200-300pip drop!

Too true mate.

But dare I say it (after yesterdays comment lol) - light volumes mean erratic action due to the fact that there is not a continuous volume flow. Ie look at the many mini gaps on a 1 min chart, so few contracts means areas are snapped back with very little effort. This of course wont happen when we hit the areas of real pain, but up at the highs, we dont have as many buyers left, but also no one is really threatened in their long positions either, hence no real dumping (yet). This will only last for so long, then there will be no where to hide.

 

[no stops trader]

Thats been struggling recently, are you expecting a surge above 20,000 or a quick scalp.

surge to 20,145

 

[postman]

Short ftse 7417

Having to wait 9 seconds to post.

20 point stop, expecting it to come back to 7350 this week.

 

[wallstreetwarrior87]

Long pound @1.3025

 

[wallstreetwarrior87]

Stop @15

 

[wallstreetwarrior87]

Long pound @1.3025

Half off @30

Stop to 23 on remainder

 

[wallstreetwarrior87]

Stop now @26

TP limit @45

 

[wallstreetwarrior87]

stop to @30

 

[wallstreetwarrior87]

all out @42

 

[wallstreetwarrior87]

That was the "potential" micro high for the moment, see if she goes again after a little rest.

 

[wallstreetwarrior87]

Long Dax @453

 

[wallstreetwarrior87]

Long Dax @453

Stop @442

 

[wallstreetwarrior87]

Stop @442

Stopped @42

 

[wallstreetwarrior87]

Long @432

 

[wallstreetwarrior87]

delayed posting due to 1 min rule

 

[wallstreetwarrior87]

Long @432

Half off @440