Anyone scalping the FTSE Futures??

[john jackson III]

"Oh God not another one."

I don't know what this means? I expressed the opinion we are in the midst of a stealth rally, that's all.

I'm positioned long the Dow and S&P, and presently up.

 

[ffsear]

And the s&p wont let this line go.

View attachment 265818

Do you trade the s&p postman or use it more as an indicator?

 

[postman]

Do you trade the s&p postman or use it more as an indicator?

I started donkeys years ago with the FTSE then when I got tired of shorting it every day to make money I moved on to the dax which was exciting (kind of like holding a lighted firework in your hands is exciting).

Now I trade the Dow and when the s&p diverges or the dow is too volatile I trade s&p cash instead. You need a different mind set for all of them.

 

[postman]

"Oh God not another one."

I don't know what this means? I expressed the opinion we are in the midst of a stealth rally, that's all.

I'm positioned long the Dow and S&P, and presently up.

"Oh god not another mother of a rally", I was expecting it yesterday - I was disappointed.
Not having a dig, just trying to understand other peoples points of view, its a good thing. I'm not right all the time and if someone expresses a differing opinion to mine I like to see if I can learn something new.

 

[postman]

@john jackson III
I think your stealth rally has been bought about by sentiment there will be 3 interest rate cuts THIS YEAR rather than the one more that was expected. Ostentatiously to combat the Yuan devaluation, in reality to help the trumpmeister get re-elected next year.

 

[postman]

If your long US markets you want to be getting out

 

[john jackson III]

@john jackson III
I think your stealth rally has been bought about by sentiment there will be 3 interest rate cuts THIS YEAR rather than the one more that was expected. Ostentatiously to combat the Yuan devaluation, in reality to help the trumpmeister get re-elected next year.

No, you read to much into it. Shorts are covering in a bull market after huge windfall yesterday.

 

[postman]

Going up... 3 hrs ago.

Goldman Capitulates: Sees No Trade Deal Before 2020 Election, Now Expect Three Rate Cuts

Zerohedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

Trump trade adviser Navarro calls on Fed to cut rates further

Going down .... 20 minutes ago.
Fed’s Bullard (Voter, Dove) does not see conditions that would warrant a 50bps cut all at once

 

[john jackson III]

S&P 2820 today.

banking on this still?

 

[john jackson III]

Going up... 3 hrs ago.

Trump trade adviser Navarro calls on Fed to cut rates further

Going down .... 20 minutes ago.
Fed’s Bullard (Voter, Dove) does not see conditions that would warrant a 50bps cut all at once

Means nothing RIGHT HERE

shorts are covering, which drives this higher

 

[postman]

banking on this still?

Not banking on it but still possible, its only 50 points.

 

[postman]

Thats +100 on the s&p from the overnight lows.

 

[postman]

Not banking on it but still possible, its only 50 points.

Correction only 60 points, but hey we're up 100 so a typical 66% retrace would do it.

 

[john jackson III]

Correction only 60 points, but hey we're up 100 so a typical 66% retrace would do it.

This isn't a typical week in the making, all conventional bets are off till further notice.

 

[john jackson III]

Correction only 60 points, but hey we're up 100 so a typical 66% retrace would do it.

From what I see so far, you are avg trader. nothing wrong with that

 

[postman]

From what I see so far, you are avg trader. nothing wrong with that

Yup, thats about right. If I were a brilliant trader I wouldnt be here, I'd be on a yacht having people do 'stuff' for me. Beats working for a living though.

 

[postman]

Here's another 'average' trader posting regular profits

ffsear trading journal.

Not sure if your doing dow trades but the mid point of todays high and low to the point is 27,000. Guess where its going to close!

www.trade2win.com

I've pointed out that his stats show the trades could be a coin toss.

ffsear trading journal.

- Tis why i don't day trade FX Sorry, i do trade FX but only of the weekly, daily, and H4 TF's

www.trade2win.com

Average traders last the distance.

Here's an example of an 'extraordinary' trader.

I have found the Holy Grail indicator for the Dow Jones - 100% right so far

could i borrow some demo money please you seem to have plenty

www.trade2win.com

He trades on a dummy account and "wishes it was real money". He didn't of course wish it was real money when his dummy account of £50,000 blew up twice before.

 

[postman]

Ok 12 hours of rising dow is enough.

Short 25838

Its just a matter of time before any position goes into profit in this market.

 

[postman]

Dow up 311 points then down 119 points before a bounce, thats 61.8% for any Fibonacci fans out there.

 

[ffsear]

LOng dax @700 looking for +50