Anyone scalping the FTSE Futures??

[SuddenDeath]

long 88 sl 84

closed , loss of 1.5pts

 

[hereward the wake]

closed , loss of 1.5pts

I can see why you made the trade there... I have been using the ADX lately to avoid 'fake' crosses and trends though I have set the bar at 15 rather than the prescribed 20.

 

[SuddenDeath]

Pivots for friday

Buy 5688
Sell 5678

morning htw,

i bought the buy pivot

 

[SuddenDeath]

5675 is the 100 day ma for ftse100

 

[SuddenDeath]

anyone know of a website that has the keltner channel indicator?

 

[klw]

anyone know of a website that has the keltner channel indicator?

Hi SD - What charts are you using ? I use mt4 and I also use tma bands for an idea of where overbought and oversold areas COULD be.

 

[hereward the wake]

anyone know of a website that has the keltner channel indicator?

Yes
ADVFN - Free live UK share prices from the LSE, FTSE 100 Index

 

[SuddenDeath]

Yes
ADVFN - Free live UK share prices from the LSE, FTSE 100 Index

thanks, htw i am using tradefair and mytrack charts

 

[SuddenDeath]

5675 is the 100 day ma for ftse100

ftse bounced off the 100day ma, just like the dow yesterday

 

[SuddenDeath]

strange market like yesterday, weak dollar but strong us30yr

 

[Soloquan]

strange market like yesterday, weak dollar but strong us30yr

NFP innit. Wait until 13.30 for squeaky bum time.

 

[hereward the wake]

NFP innit. Wait until 13.30 for squeaky bum time.

Non Farm Payrolls?

 

[Soloquan]

Non Farm Payrolls?

or No Fu****g Profits depending on how one trades it 😱

 

[SuddenDeath]

the mainstream media are talking up the nfp number

 

[hereward the wake]

Would it be a silly idea to take two trades either way @1.29pm with short stops on each?

 

[SuddenDeath]

FTSE 13 pt range for 2 hours.

 

[Soloquan]

Would it be a silly idea to take two trades either way @1.29pm with short stops on each?

On NFP day I just trade binaries on ftse. Obviously gonna limit your profit but also limit your losses which is crucial when you get the swings like you do. Depends how you see it... personally I wouldn't hedge like you're thinking could end up being stopped out twice which aint a nice thing. But it's your call hey.

 

[SuddenDeath]

Would it be a silly idea to take two trades either way @1.29pm with short stops on each?

they spike u out and give u bad fills, but the idea is excellent, better to go long and short with stops,

 

[klw]

Would it be a silly idea to take two trades either way @1.29pm with short stops on each?

Hi HTW -- Lots of people do trade this way. The basic format is 1 unit 1 direction and 2 or 3 units the other ( depending on wether your broker allows hedgeing or not ) . It then depends on how reliable your broker is , what kind of prices your going to get , slippage etc. also you need to have done your homework on past impacts of NFP on the market for what the expectation is for sl and tp's and work out if indeed it is a profitable strategy. I personally don't trade news and it's not really something that should be traded if you don't know exactly what you are doing.

 

[hereward the wake]

On NFP day I just trade binaries on ftse. Obviously gonna limit your profit but also limit your losses which is crucial when you get the swings like you do. Depends how you see it... personally I wouldn't hedge like you're thinking could end up being stopped out twice which aint a nice thing. But it's your call hey.

There is also the possibility of not getting stopped in time if the swing is too wild unless you pay for guaranteed stop... is it 1.30 or 12.30?