Anyone scalping the FTSE Futures??

[postman]

Thats until I buy Postie

I feel that way sometimes

 

[inzimam]

What do you want to gain (in terms of information) from them?

I guess I wanted to gain an earlier insight to price reactions at the pre-marked areas of interest. I feel if i work off the 1 min chart I get in too late so end up having a wider stop and being in the market for longer

 

[postman]

Dows almost down 100 points - just sayin.

 

[postman]

I guess I wanted to gain an earlier insight to price reactions at the pre-marked areas of interest. I feel if i work off the 1 min chart I get in too late so end up having a wider stop and being in the market for longer

From personal experience the tick chart makes me enter too soon. I can see whats likely to happen before the market tips into the other direction. In practice this means I can see sellers coming in but there are still lots of buyers to be exhausted so the price keeps going up, hence I'm 30 points offside on my opening position before I start. So its swings and roundabouts. Although you have the benefit of a higher probability the trend is in your direction.

 

[Dentalfloss]

our 27200...and bounce

 

[Dentalfloss]

In rez now

 

[inzimam]

From personal experience the tick chart makes me enter too soon. I can see whats likely to happen before the market tips into the other direction. In practice this means I can see sellers coming in but there are still lots of buyers to be exhausted so the price keeps going up, hence I'm 30 points offside on my opening position before I start. So its swings and roundabouts. Although you have the benefit of a higher probability the trend is in your direction.

That's a good way of putting it and exactly what happens to me. I think I need to reassess my trading style again as I've making the same mistakes again, chasing too many pips in one day. I only have a really small target to make what I'd like to make each month but I'll make that in a day or two by trading some good positions and then lose it by over trading on riskier ones

 

[wallstreetwarrior87]

From personal experience the tick chart makes me enter too soon. I can see whats likely to happen before the market tips into the other direction. In practice this means I can see sellers coming in but there are still lots of buyers to be exhausted so the price keeps going up, hence I'm 30 points offside on my opening position before I start. So its swings and roundabouts. Although you have the benefit of a higher probability the trend is in your direction.

Good point regarding timing - tick can give you a tipping point, but we always have to remember (most) of the time the markets are designed by nature to test any area, which can create self doubt on the trade position.

 

[postman]

.

 

[Dentalfloss]

stops very tight

 

[wallstreetwarrior87]

Limits pulled - nothing filled at the lows

 

[Dentalfloss]

 

[Dentalfloss]

 

[wallstreetwarrior87]

Dows almost down 100 points - just sayin.

Did have an order in at @215 - but didnt pop back - so on the sidelines for now and flat

 

[Dentalfloss]

 

[Dentalfloss]

27270..as we said

 

[Dentalfloss]

and dump

 

[postman]

@inzimam
Here's the same thing on the Dow

 

[wallstreetwarrior87]

Maybe wrong (always am according to the wife) but this up move does look fake - looks to me like they want to take it down from higher??

 

[Dentalfloss]