Anyone scalping the FTSE Futures??

[inzimam]

 

[postman]

Its going to be lively today on the open.

 

[postman]

Got to be looking for a long entry on the dow.

 

[postman]

Got to be looking for a long entry on the dow.

Up 100 from the low and its not finished yet.

 

[wallstreetwarrior87]

Got to be looking for a long entry on the dow.

If you could get in early doors, yes that would be a decent play, but Im not too eager to buy in the 26920 area as we could get slammed back into the lows, so no real safe place for a stop. So no real value IMO

 

[wallstreetwarrior87]

Just 3 scalp longs thus far for me, but nowt to write home about -

 

[wallstreetwarrior87]

First short I have seen was 14.55pm - but not on it

 

[inzimam]

I'd look for longs around 26860 area if it holds

 

[inzimam]

Dax 12315 seems to be holding as support for now on the retest

 

[wallstreetwarrior87]

This drive does look like a sucker move, to bring eager longs in 1st thing Monday, only to be used as fuel to continue the late selling trend from Friday.

 

[wallstreetwarrior87]

I'd look for longs around 26860 area if it holds

Id keep a stop tight though - as it would have fallen a bit from the high by then, which is not a great sign if you consider the strength of the open move??

 

[wallstreetwarrior87]

I'd look for longs around 26860 area if it holds

Ok late longs have been dumped - now its your chance - to see if fresh buying wants to come back in off this zone

 

[inzimam]

Id keep a stop tight though - as it would have fallen a bit from the high by then, which is not a great sign if you consider the strength of the open move??

support didn't hold so no signal to buy, now i'm looking for a retrace up a little and further selling

 

[wallstreetwarrior87]

support didn't hold so no signal to buy, now i'm looking for a retrace up a little and further selling

Well momentary buying has just been sold into - which aint a great sign, not over yet, but aint great

 

[wallstreetwarrior87]

Wouldnt have thought the big boys will allow a big retrace if they have what they want.

 

[inzimam]

scalped some shorts, bit nervous but target on dax is would have been 12305 but looked a bit weak of a sell

 

[postman]

Dow 850 level is being supported.

 

[postman]

scalped some shorts, bit nervous but target on dax is would have been 12305 but looked a bit weak of a sell

That is a sickly looking index short and long term.

 

[wallstreetwarrior87]

scalped some shorts, bit nervous but target on dax is would have been 12305 but looked a bit weak of a sell

 

[wallstreetwarrior87]

That is a sickly looking index short and long term.

I think we have been held up for the last 3 sessions as there was reason to do so, now there is no longer that threat, 26650/600 looks on the cards, as bigger players will want to get a better price for their next long sequence.