Anyone scalping the FTSE Futures??

[SuddenDeath]

Morning All
BHP -2.10%
RIO -2.10%
20 to go
Asian markets all down in region of 1 to 1.5%
China’s inflation eased to a 29-month low .
Aussie dollar under pressure.
Concerns for Fridays GDP read, but market also awaiting US corportae reporting.

this appears to be playing out, RIO/BLT both down about 0.8%

 

[SuddenDeath]

presumably out now, sd? was the trade on the basis of your "dow technical rebound" thoughts?

yep worth a try lost 60% of 7pts =4.2pts

so FTSE will respond to dow technical rebound from lower level

 

[SuddenDeath]

presumably out now, sd? was the trade on the basis of your "dow technical rebound" thoughts?

yep Barjon. any weakness in dow will get reversed sharply, i dow opens down straight away it is free gift for all the shorts. so they will run the market up into them.

RIO/BLT now both down 1% hmmm on their way to trace the aus session of worse than 2% lower?

 

[SuddenDeath]

FTSE100

buy 661
Sell 651

anyone get short from 5651?

 

[SuddenDeath]

wonder if bustech could have gone long rio/blt in aus and shorted them in uk ?

 

[SuddenDeath]

presumably out now, sd? was the trade on the basis of your "dow technical rebound" thoughts?

barjon did u watch the instutrade trader meeting?

 

[hereward the wake]

this is worth watching from 14minutes 5 seconds

"You're not trading the market you are trading the firm that is quoting you the market"

 

[hereward the wake]

yep Barjon. any weakness in dow will get reversed sharply, i dow opens down straight away it is free gift for all the shorts. so they will run the market up into them.

RIO/BLT now both down 1% hmmm on their way to trace the aus session of worse than 2% lower?

Sorry SD don't quite get that.... if the dow opens down what will happen?

 

[barjon]

yep Barjon. any weakness in dow will get reversed sharply, i dow opens down straight away it is free gift for all the shorts. so they will run the market up into them.

RIO/BLT now both down 1% hmmm on their way to trace the aus session of worse than 2% lower?

ok, so here's a thought.

If you are seeing ftse trading weak vs dow then, if you're thinking of playing a market rise, you might be better to go long on dow rather than ftse since you will be expecting the dow rise (if it came) to outpace ftse and you'd therefore get more bang for your buck. Conversely if you were thinking short you'd do it on ftse for the same reason.

 

[hereward the wake]

Good timing....

 

[hereward the wake]

shorts will start to cover and therefore markets will rise

thanks

 

[SuddenDeath]

Sorry SD don't quite get that.... if the dow opens down what will happen?

if they open the dow down lets say 70pts, this gives free money to the shorts. so they I think will run the market into the shorts.

I could be totally wrong.

 

[bustech]

AUD/USD still under pressure in UK and Europe.
FTSE could start to be draged further down with it.

 

[Soloquan]

shorts will start to cover and therefore markets will rise

This guy's shorts aren't covering and I'm starting to rise :cheesy:

 

[SuddenDeath]

ok, so here's a thought.

If you are seeing ftse trading weak vs dow then, if you're thinking of playing a market rise, you might be better to go long on dow rather than ftse since you will be expecting the dow rise (if it came) to outpace ftse and you'd therefore get more bang for your buck. Conversely if you were thinking short you'd do it on ftse for the same reason.

thats too advanced for me. the way i would look at it is like this.

FTSE100 5637 = dow being down 87pts. so therefore. should the dow close on monday down 100pts i will lose about (100-87)/2.25 = 6 ftse pts. but if the dow closes +80. thats a dow move 167 (-87 to +80) /2.25= 74 ftse pts

so using ftse I have downside of 6pts potential upside of 74pts. yep the ftse could be slow on the upside. i may only get 55pts

 

[hereward the wake]

thats too advanced for me. the way i would look at it is like this.

FTSE100 5637 = dow being down 87pts. so therefore. should the dow close on monday down 100pts i will lose about (100-87)/2.25 = 6 ftse pts. but if the dow closes +80. thats a dow move 167 (-87 to +80) /2.25= 74 ftse pts

so using ftse I have downside of 6pts potential upside of 74pts. yep the ftse could be slow on the upside. i may only get 55pts

Can you tell me how ftse=5637=dow -87 please?

 

[SuddenDeath]

Can you tell me how ftse=5637=dow -87 please?

dow/ftse = approx 2.25 ratio

so ftse at 5638 * 2.25 = 12685

dow friday close 12,772 minus our calculation 12,685 = ...............

................minus 87 points

 

[SuddenDeath]

anyone watch the trader meeting ?

 

[hereward the wake]

dow/ftse = approx 2.25 ratio

so ftse at 5638 * 2.25 = 12685

dow friday close 12,772 minus our calculation 12,685 = ...............

................minus 87 points

Thanks very useful

 

[SuddenDeath]

RIO/BLT/BP/RDSA doing severe damage to FTSE100

FTSE now implies dow down 100pts approx