Anyone scalping the FTSE Futures??

[postman]

Stopped out - done for the day.

 

[wallstreetwarrior87]

Stopped out - done for the day.

Nice one Postie.

Will see where we are tomorrow, if price is still around here - the plan will be to add 1 more position at these levels and gun for a test upside. BUT if we keep dropping then that will not be a good sign, as it will mean there will be no desire to off load higher. IE on the lighter volume price "should" be kept in line, or nudged back up - if this don't happen then I need Trumpster to holla out loud!

Protection for the overall position will come via the sale of a call option. It will be geared similar to a ratio spread come covered call. This is only advisable if one has a long outright (ie one is covered, and not totally starkers!)

Aim being as always, not to lose too much if wrong, but also to have the opportunity to have a little profit if not totally correct.

 

[luckyvictor]

Holy! FTSE just (almost) made it all back, what is going on

 

[wallstreetwarrior87]

Holy! FTSE just (almost) made it all back, what is going on

FOMC minutes later on - still value to hold near the highs of the range.

 

[wallstreetwarrior87]

Didn't manage to get another position on, so still in the original long. Gap and go day into the 3 day high is the plan. 2 days worth of shorters still hanging in here. Even more came in on the break below 26000 yesterday. Where do they have stops ?????

 

[wallstreetwarrior87]

Ok - closed 26094 pretty much a scratch.

Going to wait to see if we can get a touch lower off the open for another long

 

[wallstreetwarrior87]

Pretty please - give the late session sellers from yesterday one last tickle - then unleash Pennywise!!!

 

[john jackson III]

No real conviction on direction that I can see..meandering up meandering down.

Waiting for fomc I guess.

 

[john jackson III]

On 2nd look not quite right about that...dow is meandering but last 14 hrs it's meandering higher.

 

[john jackson III]

hmmm...yesterday it meandered lower for about 14hrs.

Wished I noticed that yesterday
😪

 

[postman]

Short dow 26,170
looking for 26000 later.

 

[postman]

Here's a 30 year chart of the Nikkei its not good.
This is what zero interest rates do to your economy, this is what the S&P will look like after 20 years of 0% interest.

 

[Dentalfloss]

 

[postman]

Pretty please - give the late session sellers from yesterday one last tickle - then unleash Pennywise!!!

Send in the clowns.

 

[Dentalfloss]

 

[Dentalfloss]

We got the dump into supp 25865...a tad lower than our 25935 supp area
NOW....Do we get 26364..??

 

[Dentalfloss]

Lookin a tad overbought

 

[john jackson III]

This could rocket higher if triggers enough shorts to cover.

 

[postman]

Germany Sells World's First 30-Year Negative Yielding Bond... And It's A Failure

by Tyler Durden
Wed, 08/21/2019 - 07:23
1
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Last night, when we previewed Germany's sale this morning of what would be the world's first ultra-long (30 Year) auction with a negative yield, we said that "traders will closely following the oversubscription rate on the sale, which neared a record low in the July after falling for the last three auctions." And sure enough that turned out to be a rather thorny issue as the bond sale was technically a failure.
Here's what happened: on Wednesday morning, with its entire yield curve below zero and the yield on the 30Y auction assured to be below zero, a reflection of dwindling expectations for inflation and growth over the coming years and ahead of the ECB's relaunch of QE next month - Germany was hoping to sell some €2 billion in bonds maturing 2050. However, with bond yields rising sharply into the auction, with the yield on the German 30Y rising from -0.18% to as high as -0.10%, demand suddenly slumped.

Did anyone ever think that they'd see negative yields on 30 year bonds in their lifetime?

 

[Dentalfloss]

Not sure about that.....looks reasonable though